Footwear Market By Category (Athletic Footwear, Sports, Hiking Shoes, Backpacking Boots, and Non Athletic Footwear), By Consumer Group (Men, Women, and Kids), By Retail Distribution (Store Based and Non Store), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global footwear market has been witnessing steady growth in the recent years. Footwear includes various types of wearable foot-coverings such as shoes, boots, sandals, and sneakers. Changing fashion trends and growing disposable incomes have been fuelling the demand for fashionable and stylish footwear across the world. Rising outdoor activities have also augmented the demand for sports and casual footwear. In addition, recovery in major economies post the COVID-19 pandemic has augmented the demand from both individual consumers as well as institutional sectors like schools and offices. However, the availability of low-cost alternatives from China and Indonesia remains a challenge for high-end brands. Overall, the future prospects for the global footwear market looks positive as demand is expected to rise steadily in the coming years. Footwear serves both functional and fashion purposes for consumers across diverse climatic zones and cultures. Rapid urbanization, rising disposable incomes, and changing lifestyles have propelled the demand for footwear over the last few decades.
Market Dynamics:
The global footwear market is driven by growing fashion consciousness among consumers along with rising incomes in developing nations. Rapid urbanization and changing lifestyles have boosted the demand for trendy and premium footwear globally. Moreover, growth in the women workforce has augmented the demand for professional yet comfortable footwear. However, the market also faces challenges from low-cost alternatives from Asian countries. Intense competition among existing players further squeezes profit margins. Nevertheless, opportunities lie in premium and specialty footwear segment as consumers seek customized and unique products. Rising health-consciousness and boom in outdoor activities will further aid market expansion. Innovation in designs, materials, and technology will also help sustain the growth momentum in the long-run.
Key Features of the Study:
- This report provides an in-depth analysis of the global footwear market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- Key companies covered as a part of this study include Nike Inc., Under Armor Inc., Skechers USA Inc., and Under Armour, Inc., Puma AG, Crocs Inc., Geox SpA, Wolverine Worldwide Inc., Adidas AG, and Timberland.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
- The global footwear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global footwear market.
- Global Footwear Market, By Category
- Athletic Footwear
- Sports
- Hiking Shoes
- Backpacking Boots
- Non Athletic Footwear
- Global Footwear Market, By Consumer Group
- Men
- Women
- Kids
- Global Footwear Market, By Retail Distribution
- Store Based
- Non Store
- Global Footwear Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Top Companies in the Global Footwear Market
- Nike Inc.
- Under Armor Inc.
- Skechers USA Inc.
- Under Armour, Inc.
- Puma AG
- Crocs Inc.
- Geox SpA
- Wolverine Worldwide Inc.
- Adidas AG
- Timberland
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Category
- Market Snippet, By Consumer Group
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing disposable income
- Growth in e-commerce channels
- Rising health consciousness
- Restraints
- Fluctuating raw material prices
- High competition among manufacturers
- Opportunities
- Innovation in product design and raw materials
- Emerging markets
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions, and Collaborations
- 4. Global Footwear Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Footwear Market, By Category, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Athletic Footwear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Sports
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Hiking Shoes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Backpacking Boots
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Non- Athletic Footwear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 6. Global Footwear Market, By Consumer Group, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Men
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Women
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Kids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 7. Global Footwear Market, By Retail Distribution, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Store Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Non Store
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 8. Global Footwear Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024-2031(%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country , 2019-2031,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Category, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Group, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Retail Distribution, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
- South Africa
- Central Africa
- North Africa
- 9. Competitive Landscape
- Company Profile
- Nike Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Under Armor Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Skechers U.S.A, Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Under Armour, Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Puma AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Crocs Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Geox SpA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Wolverine Worldwide Inc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Adidas AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Timberland
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 10. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Global Footwear Market” - Global forecast to 2031
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