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,

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.

It profiles key players in the global footwear market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.

• 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.

Detailed Segmentation:

• 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