Home / Consumer Goods / Footwear Market By Material (Athletic, Non-Athletic Footwear), By Material (Plastic, Synthetic Rubber, Leather, Plant Based, Others), By Distribution Channel (Hypermarkets, Online Channels, Specialty Stores, Others), By End-user (Men, Women, Kids) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Footwear Market By Material (Athletic, Non-Athletic Footwear), By Material (Plastic, Synthetic Rubber, Leather, Plant Based, Others), By Distribution Channel (Hypermarkets, Online Channels, Specialty Stores, Others), By End-user (Men, Women, Kids) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published: Jan 2019 | Report Code: 59445-01-19

Industry Outlook

In terms of value, the global footwear market stood at US$ 222.4 Bn in 2017 and expected to reach 292.7 by 2026, expanding at a CAGR of 3.1% during the forecast period from 2018 to 2026. Asia Pacific dominated the footwear market in 2017 and expected to remain dominant throughout the forecast period. The region expected to witness the fastest growth during the forecast period.

Footwear comprises of two types such as athletic footwear and non-athletic footwear. Purchase of different footwear among the consumers has increased significantly in the past few decades majorly driven by the millenials. New product launch, product innovation by the leading manufacturers targeted towards population across all age groups has resulted in the steady growth of the footwear market over the years. Moreover, rising demand of athletic footwear owing to the concerns towards personal health and inclination towards different physical activities among the population is a major factor driving the market.

In addition to this,shoe knitting technology is one of the latest trends that expected to gain traction in the global footwear market in the coming years. Several manufacturers such as Nike, Adidas among others, adopted the knitting technology as it results in less waste generation and reduced labor cost. Italy sock knitting manufacturer Cesare Colosio launched a new knitting machine for the production of shoe upper in 2018 in order to meet the rising demands for fashionable shoes with knitted uppers.

China is one of the growing markets for footwear, with fashionable and sports shoes capturing the attention of the consumers. Greater advertising spending on footwear and rising availability of footwear in retail chains, rising number of working women population are some of the key factors responsible for the steady market growth of footwear in China. However, counterfeit product is a significant concern and a threat in a brand driven footwear industry. Such products hamper the growth of the sales and damages the original brand value.

Market Synopsis: Value

Footwear Market

Non-Athletic Footwear Captured Major Chunk of the Market in 2017, and Expected to Display Similar Trend in Coming Years

In terms of market value, non-athletic footwear accounted for the major share in 2017. Loafers & boat shoes are the major famous types among the consumers especially in the developed economies of Europe and North America. Increasing influence of fashion is an important driver for this segment as consumers look for fashionable and trendy shoes that matches with their daily attires.

However, athletic footwear expected to witness significant growth rate during the forecast period. The increasing demand for sports shoes among the population stems from the rising participation of the people in different sporting activities such as squash, basketball, football, volleyball and aerobics among others. In addition to this, awareness towards physical benefits of engaging in regular exercises is boosting the growth of the athletic footwear market. Prominent players such as Adidas AG, Nike Inc., New Balance Athletics, Inc., among others are focusing on developing innovative athletic shoes in order to grab more customer attention across the globe. For instance in 2018, Adidas launched running shoes, which are inspired by NASA engineering technology. With this technology every single millimeter of the shoes are precisely constructed and stitched. The result is that the shoes are comfortable and lightweight, which helps the wearer experience confidence during sporting activities.

Footwear Market

Asia Pacific is Likely to Dominate the Global Footwear Market throughout the Forecast Period

Based on geography, Asia Pacific accounted for major market share in 2017 and expected to continue dominating the market in the coming years. Recent years witnessed rise in the consumer inclination towards sporting activities, changing fashion trends and shift in the preferences towards premium brands. Athletic shoes is gaining importance among the population, which is a key factor pushing market growth. Several brand such as Nike, Adidas, Puma are focusing upon product launch, product innovation in order to grab more number of customer attention. In addition to this, the brands also target the customers who constantly seek new style, designs, and thus focuses upon improving the product portfolio as per the preferences of the consumers. The major growing markets in the Asia Pacific region are China, India, and Japan among others that has the highest number of participation rate in sporting events over the years. Europe and North America expected to witness the significant growth during the forecast period due to high-income levels and rising demand for sports shoes among the health conscious population.

Footwear Market

New Product Launch is one of the Key Strategy of the Companies Operating in the Footwear Market

The global footwear market is marked by intense competition from major players operating in this market. Tactical acquisitions & mergers, partnerships & ventures, product innovations and geographical expansion are some of the strategies adopted by the major players in order to ensure strong presence in the market. Key players operating in the field of footwear include Adidas AG, Nike Inc., Bata Limited, Puma SE, Asics Corporation, VF Corporation, New Balance Athletics, Inc., Deichmann SE, The Columbia Sportswear Company, Polartec, LLC, Skechers USA, Inc., Wolverine World Wide, Inc. among others.

In July 2018, Bata India who is constantly focusing upon “Aggressive Product Launch “planned to expand its distribution channel by opening 50 franchise stores and 100 retail stores across India in order to grab more number of customer attention. In addition to this, the Company also plans to expand its e-commerce presence on high traffic generating websites.

Earlier, in 2017, global fitness brand Reebok introduced plant based footwear where chief raw materials included cotton and corn. The raw materials used to develop the product can be easily replenished compared to the petroleum-based products. In addition to this, Reebok partnered with DuPont Tate & Lyle in order to develop petroleum free, non-toxic bio based footwear.

In 2017, Asics Corporation launched FlyteFoam Fast Series, which is a new collection of running shoes. The product launch aimed to gain more attention from athletes. The company held a 60-meter sprint at the top of the Tower Bridge in order to attract customer attention and offer an experience of running with the newly launched shoes.

Footwear Market

Historical & Forecast Period

2016 – Historical Year

2017 – Base Year

2018-2026 – Forecast Period

Our study analyzed each market segment during the period of 2016 to 2026 with 2017 as the base year. Forecast period between 2018 and 2026 considered for the CAGR calculation.

Report Scope

The report enlightens the thorough outline of global footwear market by categorizing the market in different segment given below:

By Product Segment (2016–2026) (US$ Bn)

  • Athletic Footwear
    • Running
    • Tennis
    • Soccer/Football
    • Others (hockey, golf, etc.)
  • Non-Athletic Footwear
    • Loafers & Boat Shoes
    • Dress Shoes
    • Sandals/Flip-flops
    • Others (boots, wedges, etc.)

By Material Segment (2016–2026) (US$ Bn)

  • Plastic
  • Synthetic Rubber
  • Leather
  • Plant Based
  • Others (foam, cotton, polyester, etc.)

By Distribution Channel Segment (2016–2026) (US$ Bn)

  • Hypermarkets
  • Online Channels
  • Specialty Stores
  • Others (unorganized Stores, etc.)

By End-use Segment (2016–2026) (US$ Bn)

  • Men
  • Women
  • Kids

By Geography Segment (2016–2026) (US$ Bn)

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of Middle East & Africa

Footwear Market

This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global footwear market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.

Key questions answered in this report

  • Who are the major manufacturers & distributors operating in the footwear market?
  • What are the largest segments in the market during the forecast period from 2018 to 2026?
  • Which are the fastest growing segments in the market during the forecast period?
  • What are the current market trends in the footwear market and valuable opportunities for the players?
  • How are the regulatory frameworks affecting the global as well as regional markets?
  • Which are the key players operating in the global market and what are the strategies adopted by them?
  • What are the revenues, business strategy and product portfolio of the top manufacturers operating in the footwear market?
  • What is the market size and trend in emerging and developed markets?

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions

2. Executive Summary
2.1. Global Footwear Market Portraiture
2.2. Global Footwear Market, by Product, 2017 (US$ Bn)
2.3. Global Footwear Market, by Material, 2017 (US$ Bn)
2.4. Global Footwear Market, by Distribution Channel, 2017 (US$ Bn)
2.5. Global Footwear Market, by End-user, 2017 (US$ Bn)
2.6. Global Footwear Market Share, by Geography, 2017 (US$ Bn)

3. Footwear: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape, by Key Players, 2017

4. Global Footwear Market, by Material, 2016-2026 (US$ Bn)
4.1. Overview
4.2. Athletic
4.2.1. Running
4.2.2. Tennis
4.2.3. Soccer/Football
4.2.4. Others (hockey, golf, etc.)
4.3. Non-Athletic Footwear
4.3.1. Loafers & Boat Shoes
4.3.2. Dress Shoes
4.3.3. Sandals/Flip-flops
4.3.4. Others (boots, wedges, etc.)

5. Global Footwear Market, by Material, 2016-2026 (US$ Bn)
5.1. Overview
5.2. Plastic
5.3. Synthetic Rubber
5.4. Leather
5.5. Plant Based
5.6. Others (foam, cotton, polyester, etc.)

6. Global Footwear Market, by Distribution Channel, 2016-2026 (US$ Bn)
6.1. Overview
6.2. Hypermarkets
6.3. Online Channels
6.4. Specialty Stores
6.5. Others (Unorganized Stores, etc.)

7. Global Footwear Market, by End-user, 2016-2026 (US$ Bn)
7.1. Overview
7.2. Men
7.3. Women
7.4. Kids

8. Global Footwear Market, by Geography, 2016 – 2026 (US$ Bn)
8.1. Overview
8.2. North America Footwear Market, 2016 – 2026
8.2.1. North America Footwear Market, by Material, 2016 – 2026 (US$ Bn)
8.2.2. North America Footwear Market, by Product, 2016 – 2026 (US$ Bn)
8.2.3. North America Footwear Market, by Country, 2016 – 2026 (US$ Bn)
8.2.3.1. U.S.
8.2.3.2. Canada
8.3. Europe Footwear Market, 2016 – 2026
8.3.1. Europe Footwear Market, by Material, 2016 – 2026 (US$ Bn)
8.3.2. Europe Footwear Market, by Product, 2016 – 2026 (US$ Bn)
8.3.3. Europe Footwear Market, by Country/Region, 2016 – 2026 (US$ Bn)
8.3.3.1. U.K.
8.3.3.2. Germany
8.3.3.3. France
8.3.3.4. Italy
8.3.3.5. Spain
8.3.3.6. Russia
8.3.3.7. Rest of Europe
8.4. Asia Pacific Footwear Market, 2016 – 2026
8.4.1. Asia Pacific Footwear Market, by Material, 2016 – 2026 (US$ Bn)
8.4.2. Asia Pacific Footwear Market, by Product, 2016 – 2026 (US$ Bn)
8.4.3. Asia Pacific Footwear Market, by Country/Region, 2016 – 2026 (US$ Bn)
8.4.3.1. Japan
8.4.3.2. China
8.4.3.3. India
8.4.3.4. Australia
8.4.3.5. Rest of Asia Pacific
8.5. Latin America Footwear Market, 2016 – 2026
8.5.1. Latin America Footwear Market, by Material, 2016 – 2026 (US$ Bn)
8.5.2. Latin America Footwear Market, by Product, 2016 – 2026 (US$ Bn)
8.5.3. Latin America Footwear Market, by Country/Region, 2016 – 2026 (US$ Bn)
8.5.3.1. Brazil
8.5.3.2. Mexico
8.5.3.3. Rest of Latin America
8.6. Middle East & Africa (MEA) Footwear Market, 2016 – 2026
8.6.1. Middle East & Africa Footwear Market, by Material, 2016 – 2026 (US$ Bn)
8.6.2. Middle East & Africa Footwear Market, by Product, 2016 – 2026 (US$ Bn)
8.6.3. Middle East & Africa Footwear Market, by Region/Region, 2016 – 2026 (US$ Bn)
8.6.3.1. GCC
8.6.3.2. Rest of Middle East and Africa

9. Company Profiles
9.1. Adidas AG
9.1.1. Business Description
9.1.2. Financial Information (Subject to Data Availability)
9.1.3. Product Portfolio
9.1.4. Key Developments
9.2. Asics Corporation
9.3. Bata Limited
9.4. Deichmann
9.5. New Balance Athletics, Inc.
9.6. Nike Inc.
9.7. Polartech, LLC
9.8. Puma SE
9.9. Skechers USA, Inc.
9.10. The Columbia Sportswear Company
9.11. VF Corporation
9.12. Wolverine World Wide, Inc.

FIG. 1 Global Footwear Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Footwear Market Segmentation
FIG. 4 Global Footwear Market, by Product Type, 2017 (US$ Bn)
FIG. 5 Global Footwear Market, by Material Type, 2017 (US$ Bn)
FIG. 6 Global Footwear Market, by Distribution Channel, 2017 (US$ Bn)
FIG. 7 Global Footwear Market, by End-user, 2017 (US$ Bn)
FIG. 8 Global Footwear Market, by Geography, 2017 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Footwear Manufacturers, 2017
FIG. 11 Global Running Footwear Market, 2016 – 2026 (US$ Bn)
FIG. 12 Global Tennis Footwear Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Soccer/Football Footwear Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Other Athletic Footwear Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Loafer & Boat Shoes Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Dress Shoes Market, 2016 – 2026 (US$ Bn)
FIG. 17 Global Sandals/Flip-Flops Market, 2016 – 2026 (US$ Bn)
FIG. 18 Global Other Non-athletic Footwear Market, 2016 – 2026 (US$ Bn)
FIG. 19 Global Footwear Market, by Plastic Material, 2016 – 2026 (US$ Bn)
FIG. 20 Global Footwear Market, by Synthetic Rubber Material, 2016 – 2026 (US$ Bn)
FIG. 21 Global Footwear Market, by Leather Material, 2016 – 2026 (US$ Bn)
FIG. 22 Global Footwear Market, by Plant Based Material, 2016 – 2026 (US$ Bn)
FIG. 23 Global Footwear Market, by Other Materials, 2016 – 2026 (US$ Bn)
FIG. 24 Global Footwear Market, by Online Channel, 2016 – 2026 (US$ Bn)
FIG. 25 Global Footwear Market, by Hypermarkets, 2016 – 2026 (US$ Bn)
FIG. 26 Global Footwear Market, by Specialty Stores, 2016 – 2026 (US$ Bn)
FIG. 27 Global Footwear Market, by Other Distribution Channels, 2016 – 2026 (US$ Bn)
FIG. 28 Global Footwear Market for Men, 2016 – 2026 (US$ Bn)
FIG. 29 Global Footwear Market for Women, 2016 – 2026 (US$ Bn)
FIG. 30 Global Footwear Market for Kids, 2016 – 2026 (US$ Bn)

TABLE 1 Market Snapshot: Global Footwear Market
TABLE 2 Global Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 3 Global Gems Market, by Athletic Footwear, 2016 – 2026 (US$ Bn)
TABLE 4 Global Footwear Market, by Non-Athletic Footwear, 2016 – 2026 (US$ Bn)
TABLE 5 Global Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 6 Global Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 7 Global Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 8 Global Footwear Market, by Geography 2016 – 2026 (US$ Bn)
TABLE 9 North America Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 10 North America Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 11 North America Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 12 North America Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 13 North America Footwear Market, by Country 2016 – 2026 (US$ Bn)
TABLE 14 Europe Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 15 Europe Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 16 Europe Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 17 Europe Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 18 Europe Footwear Market, by Country/Region 2016 – 2026 (US$ Bn)
TABLE 19 Asia Pacific Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 20 Asia Pacific Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 21 Asia Pacific Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 22 Asia Pacific Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 23 Asia Pacific Footwear Market, by Country/Region 2016 – 2026 (US$ Bn)
TABLE 24 Latin America Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 25 Latin America Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 26 Latin America Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 27 Latin America Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 28 Latin America Footwear Market, by Country/Region 2016 – 2026 (US$ Bn)
TABLE 29 Middle East & Africa Footwear Market, by Product Type, 2016 – 2026 (US$ Bn)
TABLE 30 Middle East & Africa Footwear Market, by Material Type, 2016 – 2026 (US$ Bn)
TABLE 31 Middle East & Africa Footwear Market, by Distribution Channel, 2016 – 2026 (US$ Bn) 104
TABLE 32 Middle East & Africa Footwear Market, by End-use, 2016 – 2026 (US$ Bn)
TABLE 33 Middle East & Africa Footwear Market, by Region 2016 – 2026 (US$ Bn)
TABLE 34 Adidas AG : Company Snapshot (Business Description; Product/Business Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Asics Corporation: Company Snapshot (Business Description; Product/Business Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Bata Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Deichmann SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 New Balance Athletics, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Nike Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Polartech, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Puma SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Skechers USA, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 The Columbia Sportswear Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 44 VF Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 45 Wolverine World Wide, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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