World

Shift towards Streamlined Production Lines is Anticipated

Jul 22, 2024 Business Conditions Survey

In this edition of the survey, we asked our experts about their opinion on which technology – from a pre-selected list – is most likely to revolutionize the footwear industry in the coming years. Read all about it now

The results obtained offer valuable insights into the technological landscape poised to reshape the footwear industry. Experts foresee a shift towards automation and flexible operations, with 42% highlighting the importance of streamlined production lines. Similarly, advanced materials boasting enhanced performance capabilities garnered significant attention, with 41% of respondents recognizing their potential to drive innovation.

The prominence of 3D printing for on-demand and customized footwear, cited by 35% of respondents, underscores the growing demand for personalized products. Additionally, the reference to artificial intelligence for personalized recommendations by 29% of respondents reflects an understanding of the role that technology plays in enhancing the consumer experience.

Furthermore, the integration of sensors for health and fitness tracking (26%) signals a growing emphasis on wellness and functionality in footwear design. The inclusion of automatic stitching with CAD software (25%), 3D knitting (22%), and sensorization of the shop-floor for data analysis and smart maintenance (18%) further demonstrates the diverse array of technologies anticipated to shape the industry's future.

Overall, these findings emphasize the industry's readiness to embrace technological developments, highlighting the importance of innovation in driving growth and competitiveness.

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Executive Summary
Business Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels

Shift Towards Streamlined Production Lines is Anticipated

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About Survey

About the Survey

In 2019 the World Footwear has created the World Footwear Experts Panel and is now conducting a Business Conditions Survey every semester.

The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and disseminate this information to provide an accurate overview of the situation of the global footwear industry. The tenth edition of this online survey was conducted during the month of April 2024.

We have obtained 115 valid answers, 32% from Africa, 30% from Asia, 21% from Europe, 8% from South America, 7% from South America and 2% from Oceania. About 45% of respondents are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) and the other 55% in other footwear-related activities, including education and research (16%), trade associations (10%), consultancy (4%) and other activities (25%).

Previous Editions of this Bulletin can be found HERE