Global Footwear Market 2024-2028
The footwear market is forecasted to grow by USD 113.6 bn during 2023-2028, accelerating at a CAGR of 4.73% during the forecast period. The report on the footwear market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by design and material innovations leading to product premiumization, rising demand for exclusive designer collections, and high influence of celebrity endorsements on customer purchase decisions.
Technavio's footwear market is segmented as below:
By Product
- Non-athletic footwear
- Athletic footwear
By End-user
By Distribution Channel
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for customized footwear as one of the prime reasons driving the footwear market growth during the next few years. Also, rising demand for footwear made of organic leather and emergence of smart shoes will lead to sizable demand in the market.
The report on the footwear market covers the following areas:
- Footwear market sizing
- Footwear market forecast
- Footwear market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading footwear market vendors that include Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana S.r.l., ECCO USA Inc., FILA Holdings Corp., Geox S.p.A, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Group., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., and Wolverine World Wide Inc.. Also, the footwear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.