Global Women’s Footwear Market Size study & Forecast, by Product type (Casual Shoes, Boots, Heels & Pumps, Sandals, Flip Flops & Slippers, Sports Shoes and Safety Shoes), By Base Material (Rubber, Leather, Plastic, Velvet, Textiles, Others), By Sales Channel (Hypermarket/Supermarket, Specialty Stores, Direct Sales), and Regional Analysis, 2022-2029.
Global Women’s Footwear Market is valued at approximately USD 172.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.2% over the forecast period 2022-2029. Women's footwear comes in a wide range of styles, sizes, colors, and shapes, and can be adorned with various features, such as heels, straps, buckles, laces, or embellishments, to suit different tastes and preferences. The rise in fashion trends has accelerated the demand for footwear made of sustainable and environmentally friendly raw materials, which is one of the major factors expected to drive the women's footwear market growth rate.
In addition, the increase in disposable incomes, and the spread of e-commerce, smartphones, and mobile internet connectivity are expected to fuel the market growth. As per the data of Statista, one of the most popular online activities is the use of social media. More than 4.26 billion individuals globally used social media in 2021. Also, the growth of the women's footwear market is also anticipated to be significantly impacted by the rise in sports participation and the increase in per capita spending on clothing and footwear worldwide. Furthermore, the increasing influence of fashion activities, as well as tie-ups of market players and aggressive promotion are presenting lucrative opportunities for market growth over the forthcoming years. However, fluctuation in the cost of raw materials is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Women’s Footwear Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rapid increase in people's disposable income and the shift in women's tendency to follow the latest fashion. Whereas, Europe is also expected to grow at the highest growth rate over the forecasting period. Factors such as an increase in consumer spending power, high personal grooming and appearance costs burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Nike Inc.
Adidas AG
Puma SE
Skechers U.S.A. Inc.
Under Armour Inc.
Wolverine World Wide Inc.
Crocs Inc.
ASICS Corporation
Deichmann SE
The ALDO Group Inc.
Recent Developments in the Market:
In January 2023, ASICS introduced the most comfortable running shoe, the GEL-NIMBUS 25, to help everyone experience the uplifting effect of running on the body and mind. In an independent test conducted by The Biomechanics Lab in South Australia, the GEL-NIMBUS 25 was ranked number one in comfort by runners, and it provides more cushioning and softer landings for the most comfortable running experience.
In October 2022, PUMA and P.A.M. (Perks and Mini) collaborate on this collection, which blurs the lines between street-wear and outdoor clothing, as part of a larger, multifaceted project called the PAM/PUMA BIO/VERSE, which aims to reconnect with the concepts of nature and community.
In May 2022, Adidas AG, a leader in the global sporting goods market, and Foot Locker, Inc., a specialty athletic retailer with headquarters in New York, announced an updated partnership centred on product innovation, superior customer experiences, and increased consumer connectivity. This improved partnership will position Foot Locker as Adidas leading partner in the basketball market, speed up energy and hype launches, and include the growth and expansion of important women's, children's, and apparel franchises.
Global Women’s Footwear Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product type, Base Material, Sales Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product type:
Casual Shoes
Boots
Heels & Pumps
Sandals
Flip Flops & Slippers
Sports Shoes
Safety Shoes
By Base Material:
Rubber
Leather
Plastic
Velvet
Textiles
Others
By Sales Channel:
Hypermarket/Supermarket
Specialty Stores
Direct Sales
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Companies Mentioned
Nike Inc.
Adidas AG
Puma SE
Skechers U.S.A. Inc.
Under Armour Inc.
Wolverine World Wide Inc.
Crocs Inc.
ASICS Corporation
Deichmann SE
The ALDO Group Inc.
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