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NEW YORK, July 1, 2024 /PRNewswire/ — The global footwear market size is estimated to grow by USD 113.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.73% during the forecast period. Design and material innovations leading to product premiumization is driving market growth, with a trend towards increasing demand for customized footwear. However, rising labor cost and fluctuating raw material prices poses a challenge. Key market players include Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana S.r.l., ECCO USA Inc., FILA Holdings Corp., Geox S.p.A, Hermes…