According to IMARC Group’s latest report, titled “Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global footwear market size reached US$ 234.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 314.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Footwear refers to any article worn on the feet for a variety of purposes, including fashion, hygiene, protection, and comfort. It typically consists of a flexible upper layer made from a range of materials, such as leather, jute, fabric, plastic, rubber, or synthetic materials, as well as a soft sole and heel to support the weight of the wearer. It provides enhanced convenience and comfort, improves mobility, and prevents injuries. As a crucial part of the clothing and apparel industry, it encompasses various products, including shoes, athletic sneakers, sports shoes, luxury footwear, and related goods. These items are available in different patterns, colors, and advanced technical fabrications, providing consumers with ample choices to suit individual styles and practical needs.
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Footwear Market Trends:
The global footwear industry is experiencing rapid growth driven by the increasing demand for high-quality shoes that provide comfort and convenience. This trend is particularly evident in the sports footwear segment, where manufacturers are launching specialized products for various sports, such as football, cricket, basketball, and golf. Additionally, rising health concerns and the inflating consumer expenditure power are contributing to the market growth. Moreover, governments and global organizations are investing heavily in promoting sports leagues and events, such as the Olympics, FIFA World Cup, and Formula 1 racing, which, in turn, is fueling the market growth. Furthermore, leading players in the industry are funding research and development (R&D) activities to introduce innovative product variants that cater to changing consumer preferences, such as eco-friendly shoes made from sustainable materials and smart shoes that include pressure sensors for easy self-lacing, which is creating a positive outlook for the market.
Footwear Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the footwear market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Nike Incorporation
- Adidas AG
- PUMA
- Geox S.p.A
- Skechers USA, Incorporation
- Timberland
- Crocs Retail, Inc.
- Ecco Sko A/S
- Wolverine World Wide, Inc.
- Under Armour Inc., etc
Key Market Segmentation:
The report has segmented the global footwear market on the basis of product, material, distribution channel, pricing, end-user and region.
Breakup by Product:
- Non-Athletic Footwear
- Athletic Footwear
Breakup by Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
Breakup by Pricing:
- Premium
- Mass
Breakup by End-User:
- Men
- Women
- Kids
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Explore TOC and List of Figures:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Footwear Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Material
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Pricing
5.8 Market Breakup by End-User
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Product
6.1 Non-Athletic Footwear
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Athletic Footwear
6.2.1 Market Trends
6.2.2 Market Forecast
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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