The global footwear market encompasses the production, distribution, and consumption of various types of footwear worldwide. It is a dynamic industry influenced by factors such as fashion trends, consumer preferences, and economic conditions. The market includes diverse categories such as athletic, casual, formal, and specialty footwear. Footwear serves not only as a basic necessity but also as a fashion statement, reflecting evolving lifestyles and cultural influences across the globe. As consumer lifestyles and preferences continue to change, the footwear market adapts to meet the demands of a diverse and discerning global customer base.
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Data Bridge Market Research analyses that the Global Footwear Market, which was USD 3,98,843.97 million in 2022, is expected to reach the value of USD 6,26,164.40 million by 2030, at a CAGR of 5.8% during the forecast period of 2023 to 2030. The surge in e-commerce has broadened the global reach of footwear brands, offering consumers a diverse range of options and streamlining the purchasing process. This trend not only enhances consumer convenience but also plays a pivotal role in driving overall market growth within the footwear industry.
Key Findings of the Study
Focus on health and wellness is expected to drive the market’s growth rate
Rising awareness of foot health and general well-being has fueled a demand for footwear that prioritizes comfort and orthopedic support. This heightened focus on health-conscious choices has significantly shaped the market, driving a trend toward ergonomic designs. Consumers now seek footwear that not only aligns with fashion preferences but also promotes foot health, prompting the industry to innovate and provide options that cater to both style and physical well-being.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Loafers, Shoes, Sandal/Flip-Flops, Ballerinas, Boots, Wedges, Athletics, Healthcare Shoes and Others), Shoe Material (Plastic, Leather, Rubber, Textile and Others), Soling Material (Plastics, Rubber, Leather and Others), Distribution Channel (E-Commerce, Specialty-Store, Supermarkets-Hypermarkets, Convenience Store and Others), End-User (Women Men and Children)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Luxembourg, Italy and Rest of Europe, China, India, Japan, Australia & New Zealand, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines and Rest of Asia-Pacific, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, U.A.E, Israel, Egypt and Rest Of Middle East and Africa
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Market Players Covered
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Crocs Retail, LLC (U.S.), Adidas (Germany), SKECHERS USA, Inc. (U.S.), Nike, Inc. (U.S.), Okabashi (U.S.), Bata Corporation (Switzerland) , GEOX s.p.a (Italy), PUMA (Germany), Under Armour, Inc. (U.S.), Wolverine World Wide, Inc. (U.S.), ASICS Corporation (Japan), ALDO GROUP (Canada), Relaxo Footwears Limited (India), KERING (France), VF Corporation (U.S.), Deichmann SE (Germany), FILA Holdings Corp. (South Korea), New Balance (U.S.), ECCO Sko A/S (Denmark), Burberry (U.K.) among others
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Data Points Covered in the Report
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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.
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Segment Analysis:
The global footwear market is segmented on the basis of type, shoe material, soling material, distribution channel and end user.
- On the basis of type, the global footwear market is segmented into loafers, shoes, sandal/flip-flops, ballerinas, boots, wedges, athletics, healthcare shoes, and others. Sandals/flip-flops segment is expected to dominate the global footwear market with a market share of 30.52% in market due to their widespread popularity, versatility, and comfort
- On the basis of shoe material, the global footwear market has been segmented into plastic, leather, rubber, textile , and others. The rubber segment is expected to dominate the global footwear market with a market share of 39.22% in the market due to its versatility, durability, and comfort
The rubber segment is expected to dominate the global footwear market during the forecast of 2023 to 2030.
The rubber segment is expected to dominate the global footwear market with a market share of 39.22% in the market due to its versatility, durability, and comfort. Rubber materials provide excellent traction, making them ideal for various types of footwear, from athletic shoes to casual wear. Moreover, the segment's cost-effectiveness and sustainability contribute to its widespread adoption, ensuring market dominance.
- On the basis of soling material, the global footwear market has been segmented into plastics, rubber, leather and others. The rubber segment is expected to dominate the global footwear market with a market share of 46.17% in the market due to rubber's versatile qualities.
- On the distribution channel, the global footwear market has been segmented into e-commerce, specialty-store, supermarkets-hypermarkets, convenience store, and others. The convenience stores segment is expected to dominate the global footwear market with a market share of 39.80% in the market due to its strategic accessibility
The convenience stores segment is expected to dominate the global footwear market during the forecast of 2023 to 2030.
The convenience stores segment is expected to dominate the global footwear market with a market share of 39.80% in the market due to its strategic accessibility. Convenient locations provide consumers with easy access to impulse purchases and immediate footwear needs. This channel's proximity and convenience align with evolving consumer preferences for quick and hassle-free shopping experiences, driving its anticipated dominance.
- On the end user, the global footwear market has been segmented into women, men, and children. The women segment is expected to dominate the global footwear market with a market share of 51.16% in the market due to evolving fashion preferences, increased spending power, and a growing focus on women's athletic and casual footwear
Major Players
Data Bridge Market Research recognizes the following companies as the major global footwear market players in global footwear market are ASICS Corporation (Japan), ALDO GROUP (Canada), Relaxo Footwears Limited (India), KERING (France), VF Corporation (U.S.), Deichmann SE (Germany), FILA Holdings Corp. (South Korea), New Balance (U.S.), ECCO Sko A/S (Denmark)
Market Developments
- In December 2022, Asics introduced the Gel-Resolution 9, a cutting-edge tennis shoe tailored for dynamic footwork on the baseline. Engineered with advanced technology, these shoes prioritize kinetic stability, specifically catering to lateral movements essential in fast-paced tennis matches. The design emphasizes support and performance, addressing the unique demands of the sport
- In September 2022, Under Armour marked a milestone by unveiling its inaugural running shoe crafted on a women's last, the UA Flow Synchronicity. Integrating innovative UA Flow technology and insights from female consumers, the shoe is meticulously designed to complement HER—tailoring to her form, speed, rhythm, and personal journey to compete. This release underscores Under Armour's commitment to meeting the distinct needs of female athletes in the running domain
- In November 2022, Nike is set to unveil SWOOSH, a groundbreaking web3-enabled platform. SWOOSH aims to revolutionize the sports landscape by fostering inclusivity within a cutting-edge digital community. Functioning as a home for Nike's virtual creations, the platform is designed to champion athletes and advance the future of sports. This innovative space promises to redefine the athletic experience, leveraging web3 technology to create an immersive and interconnected environment for users to engage with and celebrate the spirit of sports
- In August 2022, ADIDAS unveiled its latest breakthrough in running footwear with the introduction of 4DFWD. This running shoe represents ADIDAS's pinnacle of innovation, designed to provide runners with an exceptional experience. With its cutting-edge features and technology, 4DFWD marks a significant advancement in ADIDAS's running shoe lineup, offering runners an opportunity to enhance their performance and comfort during their runs
Regional Analysis
Geographically, the countries covered in the global footwear market report are U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Luxembourg, Italy and Rest of Europe, China, India, Japan, Australia & New Zealand, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines and Rest of Asia-Pacific, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, U.A.E, Israel, Egypt and Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is estimated to be the fastest-growing region in the global footwear market during the forecast period 2023-2030
Asia-Pacific is expected to dominate the global footwear market, propelled by robust growth in the footwear industries across the region. Notably, sandals and flip-flops have emerged as the predominant footwear choice in the Asia-Pacific market. This preference aligns with the region's diverse climates and cultural practices, where these comfortable and versatile options are widely embraced. The dominance of this style underscores the dynamic nature of the Asia-Pacific footwear market and its responsiveness to local preferences.
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