Reports
Reports
Sale
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.
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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. |
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
“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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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.
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:
|
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 (2018-2023)
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
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.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.