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Global Footwear Market Share, Size, Growth, Analysis: By Type: Non-Athletic Footwear, Athletic Footwear; By Material: Rubber, Leather, Plastic, Fabric, Others; By Pricing: Premium, Mass; By End Use: Men, Women, Kids; By Distribution Channel: Supermarkets and Hypermarkets, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Footwear Market Outlook
The global footwear market size reached a value of around USD 398 billion in the year 2022. The footwear market is further expected to grow at a CAGR of 4.9% between 2023 and 2028 to reach a value of approximately USD 530.32 billion by 2028.
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The global footwear market has the Asia Pacific as the leading regional market. This can be attributed to the rising trend of e-commerce platforms such as Amazon, Zappos, Alibaba, and Net-a-Porter, which has empowered consumers to select from a variety of footwear available online.
Market Segmentation
Footwear is referred to as a product that is worn in order to provide comfort and protection to the feet. It is manufactured using a wide variety of materials, such as leather, wood, canvas, jute, plastics, and rubber.
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The global footwear market is bifurcated on the basis of product into:
- Non-Athletic
- Sneakers
- Boots
- Shoes
- Slippers
- Sandals
- Athletic
Currently, non-athletic footwear represents the most popular type, accounting for the largest share.
Based on the material, the footwear market is segmented into:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Out of these, leather is the most common material utilised in making footwear.
On the basis of distribution channel, the footwear market is categorised into:
- Footwear Specialists
- Online Sales
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Others
Among all of these, footwear specialists hold the majority of the global market share.
On the basis of pricing, the industry is categorised into:
- Premium
- Mass
At present, mass products represent a clear dominance in the market.
On the basis of end-user, the industry is divided into:
- Men
- Women
- Kids
Currently, women represent the majority of the overall market share.
The report also covers the regional markets of footwear like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global footwear market is driven by the rising demand for superior quality footwear, in conjunction with the product innovation and premiumisation. In addition to this, the industry is further enhanced by the increasing emphasis of manufacturers on the development of innovative designs, while also keeping the comfort of consumers in mind. This has resulted in the introduction of modern products that are comfortable, along with being fashionable. Rising interest in sports and inclination towards physical activities, including jogging, have also positively influenced the footwear market growth.
Even though online marketing has the upper hand in comparison to the physical shopping experience in most consumer goods segments, consumers still favour physically buying footwear. This has resulted in thriving retail outlets and enhanced customer-manufacturer interaction. Additionally, aggressive promotional activities by manufacturers, along with improved spending capacities of consumers, have also spurred the footwear market growth.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global footwear market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nike, Inc.
- PUMA SE
- Skechers USA, Inc.
- Adidas AG
- VF Corporation
- TBL Licensing LLC
- Crocs Retail, LLC
- Under Armour®, Inc.
- Jimmy Choo S.r.l.
- FILA Holdings Corp.
- Prada S.p.A.
- Burberry Group Plc
- Wolverine World Wide, Inc
- Bata Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model, along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Material |
|
| Breakup by Pricing |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Footwear Market Analysis
8.1 Key Industry Highlights
8.2 Global Footwear Historical Market (2018-2022)
8.3 Global Footwear Market Forecast (2023-2028)
8.4 Global Footwear Market by Type
8.4.1 Non-Athletic Footwear
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Sneakers
8.4.1.4.2 Boots
8.4.1.4.3 Shoes
8.4.1.4.4 Slippers
8.4.1.4.5 Sandals
8.4.2 Athletic Footwear
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Footwear Market by Material
8.5.1 Rubber
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Leather
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Plastic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Fabric
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Footwear Market by Pricing
8.6.1 Premium
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Mass
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Footwear Market by End Use
8.7.1 Men
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Women
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Kids
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Footwear Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Footwear Specialists
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Departmental Stores
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Clothing Stores
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Online
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Others
8.9 Global Footwear Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Footwear Market Analysis
9.1 Market by Type
9.2 Market by Material
9.3 Market by Pricing
9.4 Market by End Use
9.5 Market by Distribution Channel
9.6 Market by Country
9.6.1 United States of America
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Canada
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
10 Europe Footwear Market Analysis
10.1 Market by Type
10.2 Market by Material
10.3 Market by Pricing
10.4 Market by End Use
10.5 Market by Distribution Channel
10.6 Market by Country
10.6.1 United Kingdom
10.6.1.1 Market Share
10.6.1.2 Historical Trend (2018-2022)
10.6.1.3 Forecast Trend (2023-2028)
10.6.2 Germany
10.6.2.1 Market Share
10.6.2.2 Historical Trend (2018-2022)
10.6.2.3 Forecast Trend (2023-2028)
10.6.3 France
10.6.3.1 Market Share
10.6.3.2 Historical Trend (2018-2022)
10.6.3.3 Forecast Trend (2023-2028)
10.6.4 Italy
10.6.4.1 Market Share
10.6.4.2 Historical Trend (2018-2022)
10.6.4.3 Forecast Trend (2023-2028)
10.6.5 Others
11 Asia Pacific Footwear Market Analysis
11.1 Market by Type
11.2 Market by Material
11.3 Market by Pricing
11.4 Market by End Use
11.5 Market by Distribution Channel
11.6 Market by Country
11.6.1 China
11.6.1.1 Market Share
11.6.1.2 Historical Trend (2018-2022)
11.6.1.3 Forecast Trend (2023-2028)
11.6.2 Japan
11.6.2.1 Market Share
11.6.2.2 Historical Trend (2018-2022)
11.6.2.3 Forecast Trend (2023-2028)
11.6.3 India
11.6.3.1 Market Share
11.6.3.2 Historical Trend (2018-2022)
11.6.3.3 Forecast Trend (2023-2028)
11.6.4 ASEAN
11.6.4.1 Market Share
11.6.4.2 Historical Trend (2018-2022)
11.6.4.3 Forecast Trend (2023-2028)
11.6.5 Australia
11.6.5.1 Market Share
11.6.5.2 Historical Trend (2018-2022)
11.6.5.3 Forecast Trend (2023-2028)
11.6.6 Others
12 Latin America Footwear Market Analysis
12.1 Market by Type
12.2 Market by Material
12.3 Market by Pricing
12.4 Market by End Use
12.5 Market by Distribution Channel
12.6 Market by Country
12.6.1 Brazil
12.6.1.1 Market Share
12.6.1.2 Historical Trend (2018-2022)
12.6.1.3 Forecast Trend (2023-2028)
12.6.2 Argentina
12.6.2.1 Market Share
12.6.2.2 Historical Trend (2018-2022)
12.6.2.3 Forecast Trend (2023-2028)
12.6.3 Mexico
12.6.3.1 Market Share
12.6.3.2 Historical Trend (2018-2022)
12.6.3.3 Forecast Trend (2023-2028)
12.6.4 Others
13 Middle East and Africa Footwear Market Analysis
13.1 Market by Type
13.2 Market by Material
13.3 Market by Pricing
13.4 Market by End Use
13.5 Market by Distribution Channel
13.6 Market by Country
13.6.1 Saudi Arabia
13.6.1.1 Market Share
13.6.1.2 Historical Trend (2018-2022)
13.6.1.3 Forecast Trend (2023-2028)
13.6.2 United Arab Emirates
13.6.2.1 Market Share
13.6.2.2 Historical Trend (2018-2022)
13.6.2.3 Forecast Trend (2023-2028)
13.6.3 Nigeria
13.6.3.1 Market Share
13.6.3.2 Historical Trend (2018-2022)
13.6.3.3 Forecast Trend (2023-2028)
13.6.4 South Africa
13.6.4.1 Market Share
13.6.4.2 Historical Trend (2018-2022)
13.6.4.3 Forecast Trend (2023-2028)
13.6.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 by Value
15.1.2 by Volume
15.2 Major Importing Countries
15.2.1 by Value
15.2.2 by Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nike, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PUMA SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Skechers USA, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Adidas AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 VF Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 TBL Licensing LLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Crocs Retail, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Under Armour®, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Jimmy Choo S.r.l.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 FILA Holdings Corp.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Prada S.p.A.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Burberry Group Plc
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Wolverine World Wide, Inc
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Bata Corporation
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Footwear Market: Key Industry Highlights, 2018 and 2028
2. Global Footwear Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Footwear Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Footwear Historical Market: Breakup by Material (USD Million), 2018-2022
5. Global Footwear Market Forecast: Breakup by Material (USD Million), 2023-2028
6. Global Footwear Historical Market: Breakup by Pricing (USD Million), 2018-2022
7. Global Footwear Market Forecast: Breakup by Pricing (USD Million), 2023-2028
8. Global Footwear Historical Market: Breakup End User (USD Million), 2018-2022
9. Global Footwear Market Forecast: Breakup by End User (USD Million), 2023-2028
10. Global Footwear Historical Market: Breakup Distribution Channel (USD Million), 2018-2022
11. Global Footwear Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
12. Global Footwear Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Footwear Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Global Footwear Market Structure
Key Questions Answered in the Report
In 2022, the global footwear market attained a value of nearly USD 398 billion.
The market is projected to grow at a CAGR of 4.9% between 2023 and 2028.
The market is estimated to grow in the forecast period of 2023-2028 to reach about USD 530.32 billion by 2028.
The major drivers of the industry, such as rising disposable incomes, increasing focus on comfort and design, growing interest in fitness and sports activities, rising demand from the developing regions, growing retail sector, and increase in sales of premium quality products, are expected to aid the footwear market growth.
The growing product purchase by consumers via e-commerce platforms such as Amazon, Alibaba, and others, and the launch of improved products range by manufacturers are the key market trends guiding the growth of the industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.
Non-athletic footwear is the leading type in the market. Non-athletic footwear is further segmented based on type into sneakers, boots, shoes, slippers, and sandals.
Leather is the most popular material type in the industry.
The distribution channel segment is led by footwear specialists store.
Mass products represent the leading segment based on pricing in the industry.
The most popular end user of the product in the industry are women.
The major players in the industry are Nike, Inc., PUMA SE, Skechers USA, Inc., Adidas AG, VF Corporation, TBL Licensing LLC, Crocs Retail, LLC, Under Armour®, Inc., Jimmy Choo S.r.l., FILA Holdings Corp., Prada S.p.A., Burberry Group Plc, Wolverine World Wide, Inc, and Bata Corporation, among others.
Analyst Review
The global footwear market attained a value of USD 398 billion in the year 2022, driven by the increasing demand for premium and fashionable footwear and escalating disposable incomes. Aided by the growing investments and the launch of enhanced product portfolio by the key players, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.9%. The footwear market is projected to reach USD 530.32 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on type, the market can be bifurcated into non-athletic and athletic footwear, with non-athletic footwear accounting for the largest market share. Non-athletic footwear is further segmented into sneakers, boots, shoes, slippers, and sandals. On the basis of material, the market is led by leather. Based on distribution channels, the footwear specialists sector accounts for the leading share in the market. Based on pricing, the market is divided into premium and mass products, with mass variants dominating the overall market. On the basis of end use, the market is categorised into men, women, and kids, with women exhibiting a clear dominance in the market. The major regional markets for footwear are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Nike, Inc., PUMA SE, Skechers USA, Inc., Adidas AG, VF Corporation, TBL Licensing LLC, Crocs Retail, LLC, Under Armour®, Inc., Jimmy Choo S.r.l., FILA Holdings Corp., Prada S.p.A., Burberry Group Plc, Wolverine World Wide, Inc, and Bata Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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