Footwear Market By Type (Athletic, Non-athletic) By End-User (Women, Men, Children)- Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

What is the Total Production of Footwear?

Globally, 20.5 billion pairs of footwear were made, in 2020. In comparison, global footwear production in 2019 was 24.3 billion pairs. The reduction in production is mainly attributable to the worldwide lockdown, closure of various outlets, and reduced demand for footwear due to the ongoing Covid-19 pandemic. Asia accounts for more than 85 percent of global footwear production. Within Asia, China dominates the regional as well as world market with a total production share of 55 percent. Rapid urbanization and industrialization in countries such as China, Indonesia, and India are driving the Asia Pacific footwear market. This has resulted in an increase in demand for formal, casual, athletic, and stylish footwear throughout the region.

What is the Market Size of the Footwear Market in terms of value?

Global Footwear market is projected to increase at a significant CAGR of 3.5 % in the coming years. In 2021, the global Footwear market was valued at USD 208.1 billion and is projected to reach at value of USD 264.76 billion by 2028. The demand for footwear is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players that worth USD 1,883.66 billion during the forecast period between 2022 and 2028.

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

How will Athletic Shoe Type Benefit the Market Growth?

Growing customer passion and understanding of the health advantages of sports and fitness activities, a thriving retail e-commerce industry worldwide, and rising levels of disposable income are the primary factors enabling the growth of Athletic shoes. Rising health concerns related to sedentary lifestyles and the problems that emerge from them are benefiting Athletic footwear demand. Major global sporting events such as the Olympics, Commonwealth Games, Asian Games, Cricket World Cup, Super Bowl, and FIFA World Cup, which are staged on a regular basis, also increase demand for the athlete’s shoes.

Interesting Facts about Footwear Industry

The top 5 countries for Footwear exports are China, Germany, France, United Kingdom, and Switzerland.
The top 5 countries for Footwear imports are United States, Vietnam, Italy, Indonesia, and Germany.
The growing desire for fashionable, trendy, yet comfortable footwear across all age groups is driving the worldwide footwear market.
One of the reasons expected to impede the expansion of the footwear market is non-genuine products, which is a big issue and a threat in the brand-oriented footwear sector.
Asia-Pacific dominates the footwear industry due to the existence of a significant consumer user base in emerging nations such as China, India, and Indonesia, and the region’s rising demand for athletic and non-athletic footwear consumption.
In terms of market share, the women segment dominated the market and is likely to maintain its dominance throughout the projection period. This is due to an increase in the number of working women around the world, which stimulates the need for trendy and stylish footwear.

Who are the Top 10 players/companies in the Footwear market in terms of value?

The key players in the global Footwear market in terms of value and volume include Nike, Inc.; Adidas America, Inc.; PUMA; Geox S.p.A.; Timberland; Skechers USA, Inc.; Ecco Sko A/S; Crocs Retail, Inc.; Under Armour Inc.; Wolverine World Wide, Inc. These key players are concentrating on new product developments as well as technological innovation to enhance their production of Footwear to gain competitive market share at a global level. Moreover, some regional and country-level players are also investing heavily to expand their product portfolio and enhance their sales. For instance, in October 2021, In Gurgaon, Puma SE opened its largest store in north India. The store, located in Gurgaon’s CyberHub retail area, is a “digitally-enabled experience store” with digital touchpoints to attract digitally savvy customers who are increasingly shopping Children. For instance, in July 2021, Nike unveiled its ‘Rawdacious colorway palette,’ which consists of white as the primary color, with components of the pink blast, total orange, and bright crimson, for its new line of athletic footwear, which includes the Pegasus 38, Invincible Run, Air Zoom Superfly Elite 2, ZoomX Vaporfly NEXT percent 2, and Air Zoom Alphafly NEXT percent 2.

Who are the Top 10 Countries in the Footwear Market?

In the global Footwear market, the major countries are China, India, Vietnam, Indonesia, United States, Brazil, UK, Russia, Spain, France, and Saudi Arabia. The Chinese footwear market is one of the largest. The Chinese footwear market stands out from others in Asia due to the strength of consumer spending and the enormous scale of the home market. The expansion of China’s footwear industry is fuelled by rising worldwide footwear demand, particularly for products such as running shoes, boots, wedding shoes, women’s shoes, and other well-known footwear categories. China’s dominance in the global footwear market has also drawn a large number of buyers and dealers from around the world hoping to find the greatest business deals in the country.

Which is the Key End-User in the Footwear Market?

In terms of market share, the women segment will dominate the market in the forecast period. This is due to an increase in the number of working women globally, which increases the desire for innovative and stylish footwear that can be worn for both professional and casual events. The women’s footwear market is being influenced by changing lifestyles, rising fashion concerns, and celebrity endorsement. Furthermore, rising disposable income allows people to spend more on luxury items, fuelling the expansion of the women’s footwear market. The introduction of new revolutionary designs has made them lightweight and easy to fit, which is expected to drive growth in the women’s footwear segment in the coming years.

What are the Major Driving Factors for the Footwear Market?

The increasing proliferation of smartphones, e-commerce, and mobile internet access is boosting footwear retail sales globally. The footwear sector is capitalizing on the power of celebrity and influencer culture to attract a diverse range of customers. Fashionable footwear is greatly aided by designers’ and consumers’ interest in aesthetics. As a result, there is a surge in demand for fashionable, trendy, and comfortable footwear across all age groups. Furthermore, retailers are increasingly relying on machine learning and big data techniques to collect and analyze customer data in order to provide the best possible response.

What are the Major Restraints for the Footwear Market?

With the high costs and widespread appeal of footwear brands such as Nike, Adidas, and Puma, counterfeit brands have emerged. Counterfeit brands are common in emerging economies because clients are price sensitive. This aspect makes it difficult for established original footwear brands to sell in these nations. Furthermore, rising variations in raw material prices are projected to limit market expansion.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Which Region Dominated the World Footwear Market?

Asia Pacific will be the largest regional market in the forecast period. This is primarily due to the rising demand for fashionable and comfortable footwear. The changing consumer habits and rising disposable income levels, particularly in developing nations such as China and India, are likely to drive market expansion. China and India alone account for approximately one-third of the global population, ensuring that the Asia-Pacific region has the world’s largest footwear market. Both countries are likely to maintain their lead, as they account for over 40% of the worldwide footwear market. This can be due to a variety of factors, including increased urbanization and a tendency for adopting a western lifestyle and/or brands, particularly among the middle and upper classes. Furthermore, the presence of major manufacturers in these nations will stimulate additional expansion.

North America has the world’s second-largest footwear market, with a special emphasis on athletic and sports shoes. In addition, the region is home to many multinational sports equipment companies that are frequently at the forefront of innovation. It is reasonable to expect them to lead the globe in inventing innovative footwear that satisfies both a desire for design and a preference for exceptional quality. Consumers’ rising awareness of fashion trends is boosting demand for new footwear in North America. The increase in the number of working professionals has increased the need for formal footwear, leading to the expansion of the footwear market.

Segmentation of Global Footwear Market-

Footwear Market- By Type

Athletic
Non-athletic

Footwear Market- By End-User

Women
Men
Children

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
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. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Footwear Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Footwear Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Distribution Channel
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Footwear Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Footwear Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Footwear Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Athletic
6.2.3. Non-Athletic
6.3. North America Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Women
6.3.3. Men
6.3.4. Children

7. Europe
7.1. Europe Footwear Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Footwear Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Athletic
7.2.3. Non-Athletic
7.3. Europe Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Women
7.3.3. Men
7.3.4. Children

8. Asia Pacific
8.1. Asia Pacific Footwear Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Footwear Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Athletic
8.2.3. Non-Athletic
8.3. Asia Pacific Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Women
8.3.3. Men
8.3.4. Children

9. Latin America
9.1. Latin America Footwear Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Footwear Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Athletic
9.2.3. Non-Athletic
9.3. Latin America Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Women
9.3.3. Men
9.3.4. Children

10. Middle East
10.1. Middle East Footwear Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2.
10.1.3. KSA
10.1.4. Israel
10.1.5. Turkey
10.1.6. Iran
10.1.7. Rest of Middle East
10.2. Middle East Footwear Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Athletic
10.2.3. Non-Athletic
10.3. Middle East Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Women
10.3.3. Men
10.3.4. Children

11. Africa
11.1. Africa Footwear Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Footwear Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Athletic
11.2.3. Non-Athletic
11.3. Africa Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Women
11.3.3. Men
11.3.4. Children

12. Global
12.1. Global Footwear Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Athletic
12.1.3. Non-Athletic
12.2. Global Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Women
12.2.3. Men
12.2.4. Children

13. Company Profiles
13.1. Nike, Inc.
13.2. Adidas America, Inc.
13.3. PUMA
13.4. Geox S.p.A.
13.5. Timberland
13.6. Skechers USA, Inc.
13.7. Ecco Sko A/S
13.8. Crocs Retail, Inc.
13.9. Under Armour Inc.
13.10. Wolverine World Wide, Inc
13.11. Others

List of Figures

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 Type, 2019 (US$ Bn)
FIG. 5 Global Footwear Market, by Distribution Channel, 2021 (US$ Bn)
FIG. 6 Global Footwear Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Footwear Market Manufacturers, 2019
FIG. 9 Global Footwear Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10 Global Footwear Market, by Athletic, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Footwear Market, by Non-Athletic, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Footwear Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 13 Global Footwear Market, by Women, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Footwear Market, by Men, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Footwear Market, by Children, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Footwear Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 17 U.S. Footwear Market, 2016-2028 (US$ Bn)
FIG. 18 Rest of North America Footwear Market, 2016-2028 (US$ Bn)
FIG. 19 U.K. Footwear Market, 2016-2028 (US$ Bn)
FIG. 20 Germany Footwear Market, 2016-2028 (US$ Bn)
FIG. 21 France Footwear Market, 2016-2028 (US$ Bn)
FIG. 22 Italy Footwear Market, 2016-2028 (US$ Bn)
FIG. 23 Spain Footwear Market, 2016-2028 (US$ Bn)
FIG. 24 Russia Footwear Market, 2016-2028 (US$ Bn)
FIG. 25 BENELUX Footwear Market, 2016-2028 (US$ Bn)
FIG. 26 Poland Footwear Market, 2016-2028 (US$ Bn)
FIG. 27 Austria Footwear Market, 2016-2028 (US$ Bn)
FIG. 28 Rest of Europe Footwear Market, 2016-2028 (US$ Bn)
FIG. 29 Japan Footwear Market, 2016-2028 (US$ Bn)
FIG. 30 China Footwear Market, 2016-2028 (US$ Bn)
FIG. 31 India Footwear Market, 2016-2028 (US$ Bn)
FIG. 32 South Korea Footwear Market, 2016-2028 (US$ Bn)
FIG. 33 Australia Footwear Market, 2016-2028 (US$ Bn)
FIG. 34 Southeast Asia Footwear Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Asia Pacific Footwear Market, 2016-2028 (US$ Bn)
FIG. 36 Middle East & Africa Footwear Market, 2016-2028 (US$ Bn)
FIG. 37 South Africa Footwear Market, 2016-2028 (US$ Bn)
FIG. 38 Nigeria Footwear Market, 2016-2028 (US$ Bn)
FIG. 39 Egypt Footwear Market, 2016-2028 (US$ Bn)
FIG. 40 GCC Footwear Market, 2016-2028 (US$ Bn)
FIG. 41 Israel Footwear Market, 2016-2028 (US$ Bn)
FIG. 42 Latin America Footwear Market, 2016-2028 (US$ Bn)
FIG. 43 Mechanicalzil Footwear Market, 2016-2028 (US$ Bn)
FIG. 44 Argentina Footwear Market, 2016-2028 (US$ Bn)
FIG. 45 Colombia Footwear Market, 2016-2028 (US$ Bn)
FIG. 46 Peru Footwear Market, 2016-2028 (US$ Bn)
FIG. 47 Chile Footwear Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Footwear) Market
TABLE 2 Global Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 4 Global Footwear Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 North America Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 7 North America Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 10 Europe Footwear Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Footwear Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 16 Latin America Footwear Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 19 Middle East Footwear Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Africa Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 22 Africa Footwear Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID-19 Impacted the global Footwear market?

The global COVID-19 epidemic has had a negative impact on various businesses, notably the footwear market. Given the combined effect of outlet closures and frugality as a result of the rapidly deteriorating economic situation, the discretionary nature of footwear made it one of the most severely affected industries by the pandemic.

Which is the leading market for Footwear?

Asia Pacific will be the largest regional market in the forecast period. This is primarily due to the rising demand for fashionable and comfortable footwear.

What are the key drivers for the growth of the Footwear market?

The growing interest in health and fitness is driving up demand for Athletic footwear.

Which is the major segment in the Footwear Market by End-User?

In terms of market share, the women segment dominated in 2019 and is likely to maintain its dominance throughout the projection period.

Purchase Options

Single User

$4699

Multi User

$5699

Custom Report

$7699

Request Free Sample

Have a question?

Don’t settle for less – trust Mitul to help you find the best solution.

Call: +91 6232 49 3207

EMAIL MITUL

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –