Footwear

Global Footwear Market to Reach US$440.1 Billion by 2030

The global market for Footwear estimated at US$393.6 Billion in the year 2024, is expected to reach US$440.1 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2024-2030. Casual, one of the segments analyzed in the report, is expected to record a 2.2% CAGR and reach US$208.9 Billion by the end of the analysis period. Growth in the Athletic segment is estimated at 1.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$106.6 Billion While China is Forecast to Grow at 3.3% CAGR

The Footwear market in the U.S. is estimated at US$106.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$82.4 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 1.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

Global Footwear Market - Key Trends & Drivers Summarized

The footwear industry is a dynamic and expansive market encompassing a wide range of products, including athletic shoes, casual footwear, formal shoes, and specialty footwear for specific activities and occupations. Footwear serves both functional and fashion purposes, providing comfort, protection, and style to consumers of all ages. The industry is characterized by constant innovation in design, materials, and manufacturing processes, driven by consumer preferences, fashion trends, and technological advancements. Sustainable practices and materials are increasingly becoming a focus, as environmental concerns influence both consumer choices and industry standards.

The market for footwear is influenced by several key trends and factors. The rise of athleisure and the increasing emphasis on health and fitness have significantly boosted the demand for athletic and casual footwear. Technological advancements in materials, such as lightweight and breathable fabrics, and features like advanced cushioning and support, have enhanced the performance and comfort of footwear. The growing popularity of e-commerce and digital marketing has also transformed how consumers purchase footwear, offering greater convenience and access to a wide variety of styles and brands. Additionally, the footwear industry is seeing a surge in demand for eco-friendly and sustainable products, driven by increasing consumer awareness and regulatory pressures.

The growth in the footwear market is driven by several factors. Firstly, the rising health and fitness consciousness among consumers is boosting the demand for athletic and performance footwear. Secondly, advancements in material science and manufacturing technologies are enabling the production of more comfortable, durable, and innovative footwear products. Thirdly, the expansion of e-commerce and digital marketing is enhancing market reach and consumer access to diverse footwear options. Lastly, the increasing focus on sustainability and eco-friendly practices is driving the development and adoption of sustainable footwear solutions. These factors collectively contribute to the robust growth and diversification of the footwear market.

SCOPE OF STUDY:

The report analyzes the Footwear market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Casual, Athletic, Outdoor/Rugged, Dress/Formal, Footwear Accessories); Distribution Channel (Retail, Online); End-Use (Men, Women, Children)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 610 Featured) -

• Adidas AG
• Aetrex Worldwide, Inc.
• AB Lindex
• 361 Usa, Inc.
• Abercrombie & Fitch Co.
• A&D Spitz Pty., Ltd.
• ABA Calzaturificio
• Abeba Spezialschuhausstatter GmbH
• Abris Ltd.
• Ace Exports Ltd.
• Admiral Sportswear Ltd.
• Aguila Enterprises Co., Ltd.
• AIRWAIR Intl. Ltd. - Dr. Martens
• Alberto Torresi
• Aigle International S.A.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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