The global footwear market size is predicted to surpass around US$ 1.6 Trn by 2030, anticipated to grow at a CAGR of 8.1% during the forecast period 2021 to 2030.
Footwear protects the user from adverse environments, especially ground texture and temperature. Boots, sneakers, sports shoes, jogging shoes, sandals, and indoor footwear among others, are the different types of footwear available in the market. Footwear is considered a prominent fashion accessory, especially among youngsters and the millennial. Moreover, the increasing demand for trendy, yet comfortable footwear among all age groups is a key factor driving the global footwear market.
The risk of transmission of the pathogenic coronavirus has sparked innovations in shoe sole sanitizers. A research team from the Industrial Training Institute (ITI) Berhampur, Odisha, India, has developed an affordable ultraviolet-C (UVC) shoe sole sanitizer that was launched during a video conference. As such, COVID-19 has laid great emphasis on the importance of maintaining optimum health. Hence, companies in the footwear market are tapping into business opportunities in eCommerce to meet demands of health conscious individuals.
A Key Driver
Factors such as rising demand for comfortable footwear and increasing sports activity have significantly increased the focus on sportswear globally. Different international brands are merging sportswear with fashion wear nowadays due to advancements in technology.
Massive demand for athletic footwear is seen among non-sportspersons as well due to the increasing participation in sporting activities and changing lifestyles. Major brands are likely to focus on innovation of new footwear design and research & development activities to strengthen their foothold in the global footwear market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio.
Market Trends
Sustainability has become an important new driver in consumer purchasing decisions. Consumers are expecting more and more transparency across the entire value chain; they want to have more information about both the customization of goods and the quality of materials used.
During the last few years, consumers have become more particular and demanding, and always have high expectations in terms of quality products, customization experiences, and instant assistance at low prices. Consumers choose fashion items according to their values and their personal style.
The global footwear market is growing on the back of rising demand for new and trendy footwear from all across the world. Customers today are more vigilant, while selecting their footwear. They are inclined toward products that are more comfortable.
Sustainable Footwear Manufacturing Lowers Environmental Footprint
The trend of fast fashion has brought manufacturers in the footwear market under the scrutiny of regulatory authorities to lower their environmental footprint. Many individuals are becoming conscious about sustainable and renewable materials used in footwear. Several billion pairs of sneakers are made every year and several million of them end up in landfills. Hence, startups in the footwear market, such as Nothing New, are designing sneakers only made from recycled materials including post-consumer recycled plastic, rubber, fishing nets, and cotton to lower the environmental footprint. As such, the global footwear market is anticipated to surpass the production of 44,600 million units by the end of 2030.
Internet First Footwear Brands Pose Stiff Competition to Big Market Players
Apart from the big names in the athletic shoes category such as Nike, Adidas, and Puma, startups in the footwear market are leveraging value-grab opportunities. This is evident since the market is expected to surpass an astonishing revenue of US$ 1.6 Trn by 2030. The trend of Internet first footwear brands is a fast growing phenomena in the footwear market. Startups such as the U.S.-based Allbirds, New York-based Koio, and Tamara Mellon are gaining increased popularity. Several private label brands are scaling business opportunities through social media and eCommerce sales. The trend of vegan shoes and bags is catering to the niche requirements of buyers.
The footwear market in India is witnessing an upsurge due to the growing demand for trendy, fancy, and comfortable footwear, especially from the millennial and Gen Z population. However, manufacturers are challenged with high taxes and shortage of skilled labor, which is affecting the overall business cycle. High taxes are difficult to be adjusted in business cycles and ultimately result in additional cost of retail price of footwear paid by the end customer. Hence, Indian manufacturers in the footwear market need to constantly upgrade in terms of technology, changing consumer trends, and marketing styles to stay ahead in the competition and offset the high retail prices of footwear.
Report Highlights | Details |
Market Size | US$ 1.6 Trn by 2030 |
Growth Rate | CAGR of 8.1% from 2021 to 2030 |
Base Year | 2020 |
Segments Covered | Type, Usage, Material, Price, End User, Distribution Channel |
Companies Mentioned | Adidas AG, Bata Corporation, BOSS GLOVES, Converse, Crocs Inc., FILA Luxembourg, S.a.r.l, New Balance, Inc., Nike, Inc., PUMA SE, ketchers USA Inc. |
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global footwear market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Key Players
Market Segmentation
By Type
By Usage Type
By Material Type
Market By Price
By End User
By Distribution Channel
Market By Region
This report focuses on footwear market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall footwear market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global footwear market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the footwear market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the footwear market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Footwear market.
Market Segments: This part of the report discusses about product, application and other segments of the footwear market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global footwear market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the footwear market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of footwear are as follows:
Research Methodology
The research methodology adopted by analysts for compiling the global footwear market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global footwear market.
The study objectives of this report are:
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. End User Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Footwear Market, By Product Type
7.1. Footwear Market, by Product Type, 2021-2030
7.1.1. Sports Shoes & Bellies Shoes
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Boots
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Sandals
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Footwear Market, By Usage Type
8.1. Footwear Market, by Usage Type, 2021-2030
8.1.1. Athletic
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Non-athletic
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Footwear Market, By Material Type
9.1. Footwear Market, by Material Type, 2021-2030
9.1.1. Leather
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Textiles
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Other Synthetics
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Footwear Market, By Price Type
10.1. Footwear Market, by Price Type, 2021-2030
10.1.1. Mass
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Premium
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Footwear Market, By Distribution Channel
11.1. Footwear Market, by Distribution Channel, 2021-2030
11.1.1. Online
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Offline
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Footwear Market, By End User
12.1. Footwear Market, by Usage Type, 2021-2030
12.1.1. Men
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Women
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Kids
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Footwear Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Usage (2017-2030)
13.1.3. Market Revenue and Forecast, by Material (2017-2030)
13.1.4. Market Revenue and Forecast, by Price (2017-2030)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.6. Market Revenue and Forecast, by End User (2017-2030)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.7.2. Market Revenue and Forecast, by Usage (2017-2030)
13.1.7.3. Market Revenue and Forecast, by Material (2017-2030)
13.1.7.4. Market Revenue and Forecast, by Price (2017-2030)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.8.1. Market Revenue and Forecast, by End User (2017-2030)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.9.2. Market Revenue and Forecast, by Usage (2017-2030)
13.1.9.3. Market Revenue and Forecast, by Material (2017-2030)
13.1.9.4. Market Revenue and Forecast, by Price (2017-2030)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.11. Market Revenue and Forecast, by End User (2017-2030)
13.1.11.1.
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Usage (2017-2030)
13.2.3. Market Revenue and Forecast, by Material (2017-2030)
13.2.4. Market Revenue and Forecast, by Price (2017-2030)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.6. Market Revenue and Forecast, by End User (2017-2030)
13.2.7.
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.8.2. Market Revenue and Forecast, by Usage (2017-2030)
13.2.8.3. Market Revenue and Forecast, by Material (2017-2030)
13.2.9. Market Revenue and Forecast, by Price (2017-2030)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.10.1. Market Revenue and Forecast, by End User (2017-2030)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.11.2. Market Revenue and Forecast, by Usage (2017-2030)
13.2.11.3. Market Revenue and Forecast, by Material (2017-2030)
13.2.12. Market Revenue and Forecast, by Price (2017-2030)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.14. Market Revenue and Forecast, by End User (2017-2030)
13.2.14.1.
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.15.2. Market Revenue and Forecast, by Usage (2017-2030)
13.2.15.3. Market Revenue and Forecast, by Material (2017-2030)
13.2.15.4. Market Revenue and Forecast, by Price (2017-2030)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.16.1. Market Revenue and Forecast, by End User (2017-2030)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.17.2. Market Revenue and Forecast, by Usage (2017-2030)
13.2.17.3. Market Revenue and Forecast, by Material (2017-2030)
13.2.17.4. Market Revenue and Forecast, by Price (2017-2030)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.18.1. Market Revenue and Forecast, by End User (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Usage (2017-2030)
13.3.3. Market Revenue and Forecast, by Material (2017-2030)
13.3.4. Market Revenue and Forecast, by Price (2017-2030)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.6. Market Revenue and Forecast, by End User (2017-2030)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.7.2. Market Revenue and Forecast, by Usage (2017-2030)
13.3.7.3. Market Revenue and Forecast, by Material (2017-2030)
13.3.7.4. Market Revenue and Forecast, by Price (2017-2030)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.9. Market Revenue and Forecast, by End User (2017-2030)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Usage (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Material (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Price (2017-2030)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.11.1. Market Revenue and Forecast, by End User (2017-2030)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.12.2. Market Revenue and Forecast, by Usage (2017-2030)
13.3.12.3. Market Revenue and Forecast, by Material (2017-2030)
13.3.12.4. Market Revenue and Forecast, by Price (2017-2030)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.12.6. Market Revenue and Forecast, by End User (2017-2030)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.13.2. Market Revenue and Forecast, by Usage (2017-2030)
13.3.13.3. Market Revenue and Forecast, by Material (2017-2030)
13.3.13.4. Market Revenue and Forecast, by Price (2017-2030)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.13.6. Market Revenue and Forecast, by End User (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Usage (2017-2030)
13.4.3. Market Revenue and Forecast, by Material (2017-2030)
13.4.4. Market Revenue and Forecast, by Price (2017-2030)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.6. Market Revenue and Forecast, by End User (2017-2030)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.7.2. Market Revenue and Forecast, by Usage (2017-2030)
13.4.7.3. Market Revenue and Forecast, by Material (2017-2030)
13.4.7.4. Market Revenue and Forecast, by Price (2017-2030)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.9. Market Revenue and Forecast, by End User (2017-2030)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Usage (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Material (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Price (2017-2030)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.12. Market Revenue and Forecast, by End User (2017-2030)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.13.2. Market Revenue and Forecast, by Usage (2017-2030)
13.4.13.3. Market Revenue and Forecast, by Material (2017-2030)
13.4.13.4. Market Revenue and Forecast, by Price (2017-2030)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.13.6. Market Revenue and Forecast, by End User (2017-2030)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.14.2. Market Revenue and Forecast, by Usage (2017-2030)
13.4.14.3. Market Revenue and Forecast, by Material (2017-2030)
13.4.14.4. Market Revenue and Forecast, by Price (2017-2030)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.14.6. Market Revenue and Forecast, by End User (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Usage (2017-2030)
13.5.3. Market Revenue and Forecast, by Material (2017-2030)
13.5.4. Market Revenue and Forecast, by Price (2017-2030)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.6. Market Revenue and Forecast, by End User (2017-2030)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.7.2. Market Revenue and Forecast, by Usage (2017-2030)
13.5.7.3. Market Revenue and Forecast, by Material (2017-2030)
13.5.7.4. Market Revenue and Forecast, by Price (2017-2030)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.8.1. Market Revenue and Forecast, by End User (2017-2030)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.9.2. Market Revenue and Forecast, by Usage (2017-2030)
13.5.9.3. Market Revenue and Forecast, by Material (2017-2030)
13.5.9.4. Market Revenue and Forecast, by Price (2017-2030)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.9.6. Market Revenue and Forecast, by End User (2017-2030)
Chapter 14. Company Profiles
14.1. Adidas AG
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Bata Corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. BOSS GLOVES
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Converse, Crocs Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. FILA Luxembourg
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. S.a.r.l
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. New Balance, Inc.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Nike, Inc.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. PUMA SE
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Sketchers USA Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms