Global Shoe Care Market, By Product (Polish, Cleaning, and Accessories), Application (Formal, Casual, Sports, and Others), Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2031.
Shoe Care Market Analysis and Size
In the shoe care market, technological advancements have revolutionized products, offering benefits such as extended shoe lifespan and enhanced appearance. Innovative formulas and tools cater to diverse materials, ensuring comprehensive care. Consumers enjoy convenience and efficiency, preserving their favorite footwear effortlessly. This progress fosters a thriving industry, meeting evolving needs while promoting sustainability and longevity.
Data Bridge Market Research analyses that the global shoe care market size was valued at USD 4.21 billion in 2023, is projected to reach USD 6.80 billion by 2031, with a CAGR of 6.2% during the forecast period 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 to 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 (Polish, Cleaning, and Accessories), Application (Formal, Casual, Sports, and Others), Distribution Channel (Online and Offline)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
|
|
Market Players Covered
|
C. Johnson & Son, Inc. (U.S.), Caleres (U.S.), Payless ShoeSource, Inc. (U.S.), SHINOLA (U.S.), Charles Clinkard (U.K.), Salamander (Germany), Implus Footcare, LLC (U.S.), GRANGERS (U.K.), Angelus Shoe Polish (U.S.), Griffin Shoe Care (U.S.), U.S. CONTINENTAL (U.S.), Salzenbrodt GmbH & Co. KG (Germany), and Allen Edmonds Corporation (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Shoe care is essential for maintaining footwear longevity and appearance. Regularly clean shoes to remove dirt and debris, using appropriate cleaning solutions and brushes. Conditioning leather shoes helps retain suppleness and prevents cracking. Store shoes properly to maintain shape, and use shoe trees to absorb moisture and preserve form. Routine care ensures shoes look great and last longer.
Shoe Care Market Dynamics
Drivers
- Rise of Sneaker Culture
The rise of sneaker culture has led to a niche market for premium shoe care products, catering specifically to sneaker enthusiasts and collectors, reflecting the growing demand within the sneaker and streetwear community. These consumers, deeply invested in the aesthetics and upkeep of their footwear collections, fuel demand for premium cleaning and maintenance solutions. For instance, specialty sneaker cleaning kits have gained popularity, catering to the meticulous needs of this discerning demographic.
- Focus on Personal Hygiene
The COVID-19 pandemic has heightened awareness of personal hygiene, prompting increased demand for shoe care products with antibacterial and antifungal properties. Consumers are now more conscious of cleanliness and sanitation, seeking effective cleaning and disinfecting solutions for their footwear. This trend reflects a broader shift towards maintaining hygiene in everyday routines, driving the market for specialized shoe care items tailored to address these concerns.
Opportunities
- Rise in Athleisure Trend
The rise of athleisure wear blurs the boundaries between athletic and casual attire, fueling demand for specialized shoe care products tailored for sports and athletic footwear. As athletic shoes become more common in daily wear, the demand for maintenance products rises to ensure longevity and cleanliness. This trend underscores the growing importance of preserving and prolonging the life of athletic footwear amidst the evolving fashion landscape.
- Expansion of E-commerce
The surge in e-commerce platforms has democratized access to shoe care products globally. Online retail channels offer convenience and an extensive array of options, fostering the expansion of the shoe care market. For instance, specialty online stores such as " The Shoe Care Company" provide shoppers with diverse cleaning solutions, brushes, and protective coatings, catering to diverse consumer preferences and driving market growth.
Restraints/Challenges
- Perception of Non-Necessity
The perception of shoe care products as non-essential challenges market growth, limiting sales and penetration. Many consumers overlook their importance, viewing them as optional rather than essential items. This perception hampers demand, hindering the expansion of the shoe care market and necessitating efforts to educate consumers about the benefits of proper shoe maintenance.
- Price Sensitive Consumer
Consumer price sensitivity towards shoe care products and the availability of cheaper alternatives and DIY solutions using household items pose a significant challenge for the shoe market. This dynamic hampers the growth potential as consumers opt for cost-effective options, impacting sales and hindering the profitability of traditional shoe care product manufacturers and retailers.
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.
Recent Developments
- In February 2023, Shoe Park, a prominent footwear firm unveiled a new outlet introducing 15 fresh footwear brands, catering to all age groups. This initiative is poised to stimulate demand for shoe polish not only in the Maldives but also across the Asia-Pacific region
- In August 2022, Philips debuted a novel product, the Philips Sneaker Cleaner GCA1000/60, tailored for the growing global sneaker community. As sneaker culture gains traction worldwide, there's a mounting need for efficient shoe care solutions such as the Sneaker Cleaner, offering convenient and affordable sneaker maintenance
Shoe Care Market Scope
The market is segmented on the basis of product, application, 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
- Polish
- Cleaning
- Accessories
Application
- Formal
- Casual
- Sports
- Others
Distribution Channel
- Online
- Offline
Shoe Care Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by product, application, and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
North America is expected to dominate the market, driven by increasing demand for polishes and cleaning solutions. The tradition of formal footwear at corporate events and weddings is expected to drive market growth, fueling demand for sophisticated and elegant shoe styles.
Asia-Pacific is expected to be the fastest-growing shoe care market due to rapid educational and corporate development in advancing countries. Government policies to increase manufacturing output are anticipated to propel regional market growth further.
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 like 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 Shoe Care 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 the market.
Some of the major players operating in the market are:
- C. Johnson & Son, Inc. (U.S.)
- Caleres (U.S.)
- Payless ShoeSource, Inc. (U.S.)
- SHINOLA (U.S.)
- Charles Clinkard (U.K.)
- Salamander (Germany)
- Implus Footcare, LLC (U.S.)
- GRANGERS (U.K.)
- Angelus Shoe Polish (U.S.)
- Griffin Shoe Care (U.S.)
- U.S. CONTINENTAL (U.S.)
- Salzenbrodt GmbH & Co. KG (Germany)
- Allen Edmonds Corporation (U.S.)
SKU-