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Global Footwear Market to 2027

Publisher GlobalData
Published Jan 31, 2024
Length 55 Pages
SKU # GBDT18584985

Description

Global Footwear Market to 2027


Summary

This report offers analysis of both the historic and forecast data of the global footwear market through to 2027. It provides a brief of the key trends along with sales and growth across different regions and category groups. It also highlights key global footwear brands and their current competitive position.

After growing by just 1.3% in 2022, to surpass 2019 levels by 3.5%, the global footwear market saw slightly stronger growth of 3.3% in 2023. While this increase was bolstered by rising prices amid high inflation, the market was also supported by the popularity of trainers, as consumers remained concerned about their health and wellbeing and prioritized the value for money of their purchases. The total market is now anticipated to grow at a CAGR of 5.6% between 2023 and 2027, and this will be driven by Asia Pacific, which will see its share of the total market rise by 2.4ppts to 38.7%, as its increasing urbanization and young population leads to greater spending. The US is expected to be the poorest performing region within this forecast period, with its share falling by 1.4ppts to 33.0%, as high inflation causes consumers to cut back on non-essential purchases, and because its more established nature gives it less scope to grow.

Scope
  • Global footwear market to grow at a CAGR of 5.6% between 2023 and 2027, with trainers and Asia Pacific expected to outperform.
  • Technological innovation will allow the online footwear market to outperform out to 2027.
  • Nike leads the way within the footwear market, while Converse and Vans continue to see their market shares fall.
Reasons to Buy
  • Gain a comprehensive view of the global footwear market and forecasts to 2027
  • Explore new opportunities that will allow you to align your product offerings and strategies to meet demand
  • Investigate current and forecast trends in the footwear categories to identify the areas offering the most potential
  • Understand who your main competitors are in the sector

Table of Contents

55 Pages
  • Executive Summary
    • Global Footwear Market Drivers
    • Global Footwear Market Inhibitors
    • Key Trend: Collaborations drive excitement in the trainers market
    • Key Trend: Running specialists gain widespread fashion appeal
    • Key Trend: Traditional shoes and boots players innovate to compete with trainers
    • Key Trend: The footwear market is a fertile ground for sustainable initiatives
    • Strategies for Success
    • Global Footwear Market 2017, 2023 & 2027
    • Global Footwear Market Value 2017-2027
    • Global Footwear Market Volume 2017–2027
    • Global Footwear Market by Price Position Share
    • Global Footwear Market by Price Position Growth
    • Global Footwear Market by Category
    • Global Footwear Online Market 2017-2027
    • Global Footwear Market by Channel Growth
    • Global Footwear Market by Channel Share
    • Global Footwear Market by Region
    • Global Footwear Market by Regional Growth
    • Global Footwear Market: Regional Forecast Summary
    • Top 10 Global Footwear Markets
    • Top 10 Footwear Markets by Forecast Growth
    • Top 10 Brands: Market Shares 2021-2023
    • Winners & Losers Outlook W n\ Win nn
    • Brands in Focus: New Balance
    • Brands in Focus: Dr Martens
    • Brands in Focus: UGG
    • Brands in Focus: Kurt Geiger
    • Brands in Focus: Crocs and Ecco
    • Footwear Market by Country
    • Global Footwear Values by Product Segment
    • Global Footwear Volumes by Product Segment
    • Methodology: Market Sizes
    • Methodology: Brands
    • Methodology: Channels & Price Positioning

Pricing

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