Global Women’s Footwear Market – Industry Trends and Forecast to 2031

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Global Women’s Footwear Market – Industry Trends and Forecast to 2031

  • FMCG
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Womens Footwear Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 30.50 Billion
Diagram Market Size (Forecast Year)
USD 44.04 Billion
Diagram CAGR
%
Diagram Major Markets Players
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Global Women’s Footwear Market, By Product Type (Casual Shoes, Heels and Pumps, Boots, Sandals, Flip Flops and Slippers, Sports Shoes, and Safety Shoes), Material (Rubber, Leather, Velvet, Plastic, Textiles, and Others), Distribution Channel (Hypermarkets/Supermarkets, Independent Retailers, Specialty Stores, Multi-Brand Stores, Company Websites, and 3rd Party Online Sales) – Industry Trends and Forecast to 2031.

Women’s Footwear Market

 

Women’s Footwear Market Analysis and Size

In residential settings, the sanitary ware market serves as the cornerstone of modern living spaces, providing essential fixtures for bathrooms and kitchens. Homeowners depend on top manufacturers' sanitary ware products such as toilets, sinks, showers, and bathtubs to support their daily hygiene rituals and improve comfort and convenience in their residences. The market caters to diverse consumer preferences, offering a wide range of designs, styles, and functionalities to suit various tastes and space constraints. Space-saving solutions for compact apartments to luxurious spas, such as amenities for upscale residences and sanitaryware products play a pivotal role in shaping the aesthetics and functionality of residential interiors.

The global women’s footwear market size was valued at USD 30.5 billion in 2023 and is projected to reach USD 44.04 billion by 2031, with a CAGR of 4.70% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Casual Shoes, Heels and Pumps, Boots, Sandals, Flip Flops and Slippers, Sports Shoes, and Safety Shoes), Material (Rubber, Leather, Velvet, Plastic, Textiles, and Others), Distribution Channel (Hypermarkets/Supermarkets, Independent Retailers, Specialty Stores,  Multi-Brand Stores, Company Websites, and 3rd Party Online Sales)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Brazil, and Argentina.

Market Players Covered

PUMA SE (Germany), ADIDAS AG (Germany), Alpinestars (Italy), Dainese S.p.A (Italy), Nike, Inc. (U.S.), BATA INDIA LIMITED (India), Guccio Gucci S.p.A. (Italy), ZARA (Spain), Louis Vuitton Malletier SAS (France), C&J Clark International (U.K.), ASICS Asia Pte. Ltd. (Singapore), Wolverine World Wide, Inc. (U.S.), DECKERS BRANDS (U.S.), Under Armour, Inc. (U.S.), Michael Kors (U.S.), The ALDO Group Inc. (Canada), SKECHERS USA, Inc. (U.S.), Hush Puppies (U.S.), FILA Luxembourg, S.a.r.l. (Luxembourg), and SPARCO S.P.A. (Italy)

Market Opportunities

  • Growing Advancements in Materials
  • Rise of E-Commerce

Market Definition

Women's footwear refers to shoes specifically designed and manufactured for women. This category encompasses a wide range of styles, including heels, flats, sneakers, boots, sandals, and more, tailored to meet the diverse needs and preferences of female consumers. Women's footwear serves both functional and fashion purposes, providing comfort, support, and style for various occasions and activities.

Women’s Footwear Market Dynamics

Drivers

  • Growing Consumer Preferences

Customers prioritize comfort, style, and functionality, which significantly impact their buying choices. They desire shoes that are both fashionable and comfortable for long-term wear. Trends such as athleisure and sustainability have also become important factors, with consumers increasingly opting for sneakers and eco-friendly footwear options. As women's lifestyles evolve, preferences for versatile footwear that can transition from work to leisure activities also drive market demand. Brands that can effectively anticipate and respond to these shifting preferences stand to capture a larger share of the market and foster customer loyalty.

  • Rise in Effective Marketing Strategies

Brands that employ compelling advertising, social media engagement, influencer partnerships, and experiential marketing campaigns can effectively communicate their brand message, showcase product features, and create emotional connections with their target audience. It highlights unique selling points such as comfort, style, durability, and sustainability, and brands can differentiate themselves in a competitive market landscape, driving brand awareness, loyalty, and, ultimately, sales. In addition, strategic pricing, promotions, and distribution strategies can further enhance a brand's visibility and accessibility, expanding its reach and market share within the women's footwear segment.

Opportunities

  • Growing Advancements in Materials

Innovations such as lightweight and breathable fabrics, eco-friendly materials, and advanced cushioning technologies enhance the comfort, durability, and sustainability of women's footwear. Manufacturers persistently endeavor to engineer materials boasting superior moisture-wicking capabilities and enhanced support, and flexibility to meet the evolving needs and preferences of consumers. These advancements elevate the quality and functionality of women's footwear and contribute to brand differentiation, market competitiveness, and consumer loyalty, driving overall growth and innovation in the industry.

  • Rise of E-Commerce

Online platforms provide a wide selection of footwear choices, enabling female consumers to conveniently explore and acquire products from the convenience of their residences or while on the move. E-commerce eliminates geographical barriers, enabling brands to reach a global audience and expand their customer base. Moreover, online retailers often offer competitive prices, discounts, and personalized recommendations, enhancing the shopping experience and driving sales. As a result, the growth of e-commerce has significantly contributed to the expansion and evolution of the women's footwear market, reshaping how consumers shop for shoes and influencing market trends and dynamics.

Restraints/Challenges

  • Growing Supply Chain Disruptions

Events such as natural disasters, political instability, or global health crises can disrupt manufacturing processes, transportation networks, and distribution channels, leading to delays in production and delivery. These disruptions can result in inventory shortages, increased lead times, and higher production costs for footwear companies. Moreover, supply chain interruptions may affect the quality and consistency of products, eroding consumer trust and brand reputation.

  • Fluctuations in Currency Exchange Rates

When exchange rates are volatile, the cost of importing raw materials and finished goods can increase unpredictably, leading to higher production costs. In addition, companies may face challenges in maintaining stable pricing for their products in different markets, which can impact their competitiveness and profit margins. These financial uncertainties can make it difficult for footwear brands to plan long-term investments and pricing strategies, ultimately affecting their market performance and growth prospects.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Women’s Footwear Market Scope

The market is segmented on the basis of product type, material, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Casual Shoes
  • Heels and Pumps
  • Boots
  • Sandals
  • Flip Flops and Slippers
  • Sports Shoes
  • Safety Shoes

Material

  • Rubber
  • Leather
  • Velvet
  • Plastic
  • Textiles
  • Others

Distribution Channel

  • Hypermarkets/Supermarkets
  • Independent Retailers
  • Specialty Stores
  • Multi-Brand Stores
  • Company Websites
  • 3rd Party Online Sales

Women’s Footwear Market Regional Analysis/Insights

The market is analyzed and market size, volume information is provided by country, product type, and material, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Brazil, and Argentina.

Asia-Pacific dominates the market due to significant increases in disposable income and evolving consumer preferences towards trendier options. With rising prosperity, more women are inclined to spend on fashionable footwear, contributing to the market's growth. This region experiences a rapid adoption of new trends, fostering a dynamic market environment where women seek to stay updated with the latest styles, driving demand for diverse footwear offerings.

Europe is expected to have significant growth in the market due to increasing consumer purchasing power and a heightened focus on personal grooming and appearance. With disposable incomes on the rise, consumers are more inclined to invest in clothing, accessories, and grooming products, driving demand for these goods across the continent. This trend reflects a cultural emphasis on self-presentation and style, fueling expansion opportunities for fashion brands and retailers operating within Europe. As consumer preferences evolve and economic conditions improve, the region is poised for sustained growth in the fashion sector.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

Competitive Landscape and Women’s Footwear Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are

  • PUMA SE (Germany)
  • ADIDAS AG (Germany)
  • Alpinestars (Italy)
  • Dainese S.p.A (Italy)
  • Nike, Inc. (U.S.)
  • BATA INDIA LIMITED (India)
  • Guccio Gucci S.p.A. (Italy)
  • ZARA (Spain)
  • Louis Vuitton Malletier SAS (France)
  • C&J Clark International (U.K.)
  • ASICS Asia Pte. Ltd. (Singapore)
  • Wolverine World Wide, Inc. (U.S.)
  • DECKERS BRANDS (U.S.)
  • Under Armour, Inc. (U.S.)
  • Michael Kors (U.S.)
  • The ALDO Group Inc. (Canada)
  • SKECHERS USA, Inc. (U.S.)
  • Hush Puppies (U.S.)
  • FILA Luxembourg, S.a.r.l. (Luxembourg)
  • SPARCO S.P.A. (Italy)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Women’s Footwear Market size will be worth USD 44.04 billion by 2031.
The Women’s Footwear Market growth rate will be 4.70% by 2031.
Growing Consumer Preferences and Rise in Effective Marketing Strategies are the growth drivers of the Women’s Footwear Market.
The type, material, and distribution channel are the factors on which the Women’s Footwear Market research is based.
The major companies in the Women’s Footwear Market are PUMA SE (Germany), ADIDAS AG (Germany), Alpinestars (Italy), Dainese S.p.A (Italy), Nike, Inc. (U.S.), BATA INDIA LIMITED (India), Guccio Gucci S.p.A. (Italy), ZARA (Spain), Louis Vuitton Malletier SAS (France), C&J Clark International (U.K.), ASICS Asia Pte. Ltd. (Singapore), Wolverine World Wide, Inc. (U.S.), DECKERS BRANDS (U.S.), Under Armour, Inc. (U.S.), Michael Kors (U.S.), The ALDO Group Inc. (Canada), SKECHERS USA, Inc. (U.S.), Hush Puppies (U.S.), FILA Luxembourg, S.a.r.l. (Luxembourg), and SPARCO S.P.A. (Italy)..