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Footwear Market

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; 2024-2032

Global Footwear Market Outlook

The global footwear market size reached a value of around USD 417.50 billion in the year 2023. The market is assessed to grow at a CAGR of 4.9% between 2024 and 2032 to reach a value of approximately USD 642.16 billion by 2032.

 

Key Takeaways

  • As per the FDRA, 64% of footwear customers in the United States are willing to pay $1-$5 more for sustainable shoes.
  • China is the largest manufacturer of footwear in the world, followed by India, Brazil, Vietnam, and Indonesia.
  • Sneakers are the most popular type of footwear among the Gen-Z population, attributed to the rising emphasis on comfort.

 

Footwear refers to an outer covering for the foot that is usually manufactured from leather, fabric, or rubber. It usually consists of an upper section, outsole, and midsole, and in the case of a shoe, it also consists of a heel counter and a tow box. These garments typically serve the purpose of protection against harsh environments and provide stability on slippery surfaces.

 

The global footwear market is being driven by the rising demand for superior quality footwear, in conjunction with product innovations and premiumisation. In addition to this, the market is further being fuelled 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 provide high performance while being comfortable and fashionable.

 

Footwear Market

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Key Trends and Developments

Increasing emphasis on health and wellness; growing integration of 3D printing technology; rising popularity of e-commerce platforms; and the rising importance of sustainability are positively impacting the footwear market growth

 

Date Company News
Feb 6th 2024 Reebok Collaborated with WHR, updating the Club C 85 and Beatnik models with a beach utility look, utilising recycled fabrics and suede for durability and sustainability.
Feb 5th 2024 InventHelp Invented Low Blow, a shoe that can adjust to the growing feet of children.
Feb 1st 2024 Lululemon Announced the launch of its new casual and performance-oriented footwear for spring and summer, including the launch of the men’s collection.
May 4th 2023 FitFlop Inaugurated two exclusive brand stores in Ahmedabad and Coimbatore after the successful launch in Chennai and Mumbai.

 

 

Market Trend Description
Increasing focus on health and wellness The footwear market growth has surged in the past few years owing to the rising awareness about health and wellness.
Growing emphasis on sustainability in the fashion industry The development of vegan footwear is expected to be a major factor propelling the market as manufacturers increasingly focus on adopting eco-friendly materials.
Integration of advanced technologies for customisation needs There is a growing consumer demand for personalised and custom-designed footwear, facilitated by the increasing integration of 3D printing technologies.
Rising popularity of e-commerce platforms The market is witnessing significant growth through online sales, driven by convenience, a wider selection, and innovative delivery services such as one-day delivery.

 

Footwear Market Trends

The global market for footwear is primarily being driven by the increasing popularity of e-commerce platforms, such as Amazon, Walmart, and Alibaba, among others. Customers are increasingly shifting towards online shopping owing to its convenience and the availability of diverse products. This development is further supported by the expansion and fortification of regional and global logistics.

 

The  sneaker market is expected to be a major influencing factor propelling the footwear market expansion. The market for sneaker is expected to develop rapidly in the forecast period owing to the availability of sneaker-specific platforms, including StockX, GOAT, and Grailed, among others.

 

Recycling is another major factor influencing the market as it aligns with rising manufacturers’ focus on sustainability. Companies are investing in innovative recycling technologies that allow the repurposing of various materials into new footwear. For example, thermoplastic polyurethane (TPU) can be recycled to create performance-grade materials for shoes.

 

Adidas, a leading footwear player,  has established a longstanding partnership with Parley for the Oceans to create shoes made from upcycled marine plastic waste. The initiative not only addresses the issue of ocean plastic but also showcases how recycled materials can be integrated into high-performance footwear.

 

Footwear Market by Segments

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Market Segmentation

“Global Footwear Market Report  and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type Non-Athletic Footwear, Athletic Footwear
Material Rubber, Leather, Plastic, Fabric, Others
Pricing Premium, Mass
End Use Men, Women, Kids
Distribution Channel Supermarket and Hypermarkets, Footwear Specialists, Departmental Stores, Clothing Stores, Online, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Non-athletic footwear can be further classified based on type into sneakers, shoes, boots, slippers, and sandals.

 

The demand for athletic footwear is significantly surging, fuelled by innovations in designs and materials

Athletic footwear is witnessing an increase in demand owing to the rapid innovations in materials and designs, allowing improved performance and comfort. The need for sports shoes utilised in activities such as running, gym, cycling, football, and cricket, among others, is propelled by the rising inclination of people to participate in such sports.

 

Furthermore, growing health consciousness and increasing participation in indoor and outdoor physical exercises further propel the athletic footwear market expansion. Meanwhile, the non-athletic segment is likely to cover a major portion of the market as it consists of a wide variety of footwear, including flats, loafers, and sneakers, among others. Some major factors aiding the segment’s growth include the rise in the number of working professionals and growing fashion consciousness among consumers.

 

Men are likely to contribute to a major portion of the global footwear market share in the coming years

With men being more inclined towards outdoor sports activities, such as golf, football, cricket, hiking, and other activities, they are expected to be a major propelling factor for the footwear market growth. Moreover, the sneaker culture, which includes collecting rare and exclusive sneakers, has a considerable male following. This enthusiasm not only boosts sales of high-end sneakers but also influences trends and demand in the broader market for footwear.

 

Meanwhile, women footwear is expected to grow at a rapid rate owing to continuous innovations, the launch of new product lines, and collaborations. For instance, Lululemon launched its women-focused footwear line in 2022, introducing four styles including the Blissfeel running shoe, available from March 22 in select markets.

 

Footwear Market by Region

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Competitive Landscape

Some of the major players in the market are increasingly innovating with materials to launch high-performance footwear:

 

Company Product Range Headquarters Founded
Nike, Inc. Athletic footwear, apparel, equipment, and accessories Oregon, United States 1964
PUMA SE Athletic and casual footwear, apparel, and accessories Herzogenaurach, Germany 1948
Skechers USA, Inc. Lifestyle and performance apparel and footwear California, United States 1992
Adidas AG Performance and lifestyle footwear, apparel, and accessories Herzogenaurach, Germany 1949

 

Other key players in the global footwear market are 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.

 

Manufacturers in the market are continuously involved in research and development to improve the comfort and performance of footwear. Some notable innovations in material include the waterproof Gore-Tex, carbon fibre, and Kevlar sole, which is known for its strength and heat resistance.

 

Moreover, the integration of advanced technologies in the manufacturing process has become a significant factor propelling the footwear market growth. For instance, 3D printing has enabled companies to provide a wide range of customisation options and manufacture custom footwear that can fit the user’s feet perfectly.

 

Footwear Market Analysis by Region

The market in the Asia Pacific is likely to be a major contributor to the growth of the global market in the coming years. This growth is attributed to the region's dynamic role in the market, which is notably labour-intensive and influenced by several critical factors including land resources, labour costs, material availability, environmental considerations, and the sales market landscape.

 

The shift of global footwear manufacturing bases to the Asia Pacific region is a strategic move by major consumer markets, manufacturers, wholesalers, and retailers aiming at profit maximisation. This trend capitalises on the lower production costs available in countries within this region. Notably, Japan, Taiwan, India, and China have become highly attractive markets for footwear production and consumption, driven by their economic growth.

 

Meanwhile, North America and Europe are likely to maintain a strong base in the global footwear market as the developed economy and increasing disposable income enable the high sales of a wide variety of footwear products.

 

The growing popularity of sports, such as basketball, football, and rugby, is expected to be a major factor in propelling the demand for high-performance and premium footwear. Major companies are also introducing special edition products in collaboration with top athletes to reach the fans of the sport and particular athletes.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Material
  • Pricing
  • End Use
  • Distribution Channel
  • Region
Breakup by Type
  • Non-Athletic Footwear
  • Athletic Footwear
Breakup by Material
  • Rubber
  • Leather
  • Plastic
  • Fabric
  • Others
Breakup by Pricing
  • Premium
  • Mass
Breakup by End Use
  • Men
  • Women
  • Kids
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Footwear Specialists
  • Departmental Stores
  • Clothing Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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 (2018-2023) 
    8.3    Global Footwear Market Forecast (2024-2032)
    8.4    Global Footwear Market by Type
        8.4.1    Non-Athletic Footwear
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Sneakers
                8.4.1.3.2    Boots
                8.4.1.3.3    Shoes
                8.4.1.3.4    Slippers
                8.4.1.3.5    Sandals
        8.4.2    Athletic Footwear
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Footwear Market by Material
        8.5.1    Rubber
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Leather
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Plastic
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Fabric
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Footwear Market by Pricing
        8.6.1    Premium
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Mass
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Footwear Market by End Use
        8.7.1    Men 
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Women
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Kids
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Footwear Market by Distribution Channel
        8.8.1    Supermarkets and Hypermarkets
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Footwear Specialists
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Departmental Stores
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Clothing Stores
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Online
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Others
    8.9    Global Footwear Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
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    Historical Trend (2018-2023) 
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Canada
            9.6.2.1    Historical Trend (2018-2023) 
            9.6.2.2    Forecast Trend (2024-2032)
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    Historical Trend (2018-2023) 
            10.6.1.2    Forecast Trend (2024-2032)
        10.6.2    Germany
            10.6.2.1    Historical Trend (2018-2023) 
            10.6.2.2    Forecast Trend (2024-2032)
        10.6.3    France
            10.6.3.1    Historical Trend (2018-2023) 
            10.6.3.2    Forecast Trend (2024-2032)
        10.6.4    Italy
            10.6.4.1    Historical Trend (2018-2023) 
            10.6.4.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023) 
            11.6.1.2    Forecast Trend (2024-2032)
        11.6.2    Japan
            11.6.2.1    Historical Trend (2018-2023) 
            11.6.2.2    Forecast Trend (2024-2032)
        11.6.3    India
            11.6.3.1    Historical Trend (2018-2023) 
            11.6.3.2    Forecast Trend (2024-2032)
        11.6.4    ASEAN
            11.6.4.1    Historical Trend (2018-2023) 
            11.6.4.2    Forecast Trend (2024-2032)
        11.6.5    Australia
            11.6.5.1    Historical Trend (2018-2023) 
            11.6.5.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023) 
            12.6.1.2    Forecast Trend (2024-2032)
        12.6.2    Argentina
            12.6.2.1    Historical Trend (2018-2023) 
            12.6.2.2    Forecast Trend (2024-2032)
        12.6.3    Mexico
            12.6.3.1    Historical Trend (2018-2023) 
            12.6.3.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023) 
            13.6.1.2    Forecast Trend (2024-2032)
        13.6.2    United Arab Emirates
            13.6.2.1    Historical Trend (2018-2023) 
            13.6.2.2    Forecast Trend (2024-2032)
        13.6.3    Nigeria
            13.6.3.1    Historical Trend (2018-2023) 
            13.6.3.2    Forecast Trend (2024-2032)
        13.6.4    South Africa
            13.6.4.1    Historical Trend (2018-2023) 
            13.6.4.2    Forecast Trend (2024-2032)
        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 2032
2.    Global Footwear Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Footwear Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Footwear Historical Market: Breakup by Material (USD Million), 2018-2023
5.    Global Footwear Market Forecast: Breakup by Material (USD Million), 2024-2032
6.    Global Footwear Historical Market: Breakup by Pricing (USD Million), 2018-2023
7.    Global Footwear Market Forecast: Breakup by Pricing (USD Million), 2024-2032
8.    Global Footwear Historical Market: Breakup End User (USD Million), 2018-2023
9.    Global Footwear Market Forecast: Breakup by End User (USD Million), 2024-2032
10.    Global Footwear Historical Market: Breakup Distribution Channel (USD Million), 2018-2023
11.    Global Footwear Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12.    Global Footwear Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Footwear Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Footwear Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 417.50 billion.

The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 642.16 billion by 2032.

The major drivers of the market are rising disposable incomes, increasing focus on comfort and design, growing interest in fitness and sports activities, and increase in sales of premium quality products.

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 market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Non-athletic footwear and athletic footwear are the different types of footwear in the market.

The major players in the market 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.

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