Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global footwear market size reached US$ 234.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 314.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Footwear is worn for providing comfort and protection to the feet. It is manufactured using a wide variety of materials such as wood, canvas, leather, jute, plastics and rubber. With the changing aesthetics and fashion trends, the quality and styles of footwear have considerably evolved to provide maximum comfort to the consumers. Footwear can either be machine- or hand-made and is commonly available for both athletic and non-athletic purposes. Although a necessity, footwear has evolved as a symbol of luxury and class over time.
Increasing demand for superior quality footwear along with product innovation and premiumization represent some of the key factors driving the market. Manufacturers are increasingly emphasizing on the development of unique designs, while also giving importance to comfort. This has led to the introduction of innovative products which are comfortable as well as fashionable. Increasing interest in sports and inclination towards athletic and physical activities such as jogging have also positively impacted the market growth. Although online marketing has overpowered physical shopping experience in most consumer goods segments, consumers still prefer to be physically present while buying footwear. This has further led to the proliferation of organized retail outlets and has improved customer-manufacturer interaction. Furthermore, aggressive promotional activities by manufacturers and enhanced spending capacities of consumers have also catalyzed the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global footwear market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, material, distribution channel, pricing and end-user.
Breakup by Product:
Non-Athletic Footwear
Athletic Footwear
Breakup by Material:
Rubber
Leather
Plastic
Fabric
Others
Breakup by Distribution Channel:
Footwear Specialists
Supermarkets and Hypermarkets
Departmental Stores
Clothing Stores
Online Sales
Others
Breakup by Pricing:
Premium
Mass
Breakup by End-User:
Men
Women
Kids
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Nike Incorporation, Adidas AG, PUMA, Geox S.p.A, Skechers USA, Incorporation, Timberland, Crocs Retail, Inc., Ecco Sko A/S, Wolverine World Wide, Inc., Under Armour Inc., etc.
Key Questions Answered in This Report
1. What was the size of the global footwear market in 2022?
2. What is the expected growth rate of the global footwear market during 2023-2028?
3. What are the key factors driving the global footwear market?
4. What has been the impact of COVID-19 on the global footwear market?
5. What is the breakup of the global footwear market based on the product?
6. What is the breakup of the global footwear market based on the material?
7. What is the breakup of the global footwear market based on the distribution channel?
8. What is the breakup of the global footwear market based on the pricing?
9. What is the breakup of the global footwear market based on the end-user?
10. What are the key regions in the global footwear market?
11. Who are the key players/companies in the global footwear market?
Market Overview:
The global footwear market size reached US$ 234.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 314.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Footwear is worn for providing comfort and protection to the feet. It is manufactured using a wide variety of materials such as wood, canvas, leather, jute, plastics and rubber. With the changing aesthetics and fashion trends, the quality and styles of footwear have considerably evolved to provide maximum comfort to the consumers. Footwear can either be machine- or hand-made and is commonly available for both athletic and non-athletic purposes. Although a necessity, footwear has evolved as a symbol of luxury and class over time.
Increasing demand for superior quality footwear along with product innovation and premiumization represent some of the key factors driving the market. Manufacturers are increasingly emphasizing on the development of unique designs, while also giving importance to comfort. This has led to the introduction of innovative products which are comfortable as well as fashionable. Increasing interest in sports and inclination towards athletic and physical activities such as jogging have also positively impacted the market growth. Although online marketing has overpowered physical shopping experience in most consumer goods segments, consumers still prefer to be physically present while buying footwear. This has further led to the proliferation of organized retail outlets and has improved customer-manufacturer interaction. Furthermore, aggressive promotional activities by manufacturers and enhanced spending capacities of consumers have also catalyzed the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global footwear market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, material, distribution channel, pricing and end-user.
Breakup by Product:
Non-Athletic Footwear
Athletic Footwear
Breakup by Material:
Rubber
Leather
Plastic
Fabric
Others
Breakup by Distribution Channel:
Footwear Specialists
Supermarkets and Hypermarkets
Departmental Stores
Clothing Stores
Online Sales
Others
Breakup by Pricing:
Premium
Mass
Breakup by End-User:
Men
Women
Kids
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Nike Incorporation, Adidas AG, PUMA, Geox S.p.A, Skechers USA, Incorporation, Timberland, Crocs Retail, Inc., Ecco Sko A/S, Wolverine World Wide, Inc., Under Armour Inc., etc.
Key Questions Answered in This Report
1. What was the size of the global footwear market in 2022?
2. What is the expected growth rate of the global footwear market during 2023-2028?
3. What are the key factors driving the global footwear market?
4. What has been the impact of COVID-19 on the global footwear market?
5. What is the breakup of the global footwear market based on the product?
6. What is the breakup of the global footwear market based on the material?
7. What is the breakup of the global footwear market based on the distribution channel?
8. What is the breakup of the global footwear market based on the pricing?
9. What is the breakup of the global footwear market based on the end-user?
10. What are the key regions in the global footwear market?
11. Who are the key players/companies in the global footwear market?
Table of Contents
107 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Footwear Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product
- 5.5 Market Breakup by Material
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Breakup by Pricing
- 5.8 Market Breakup by End-User
- 5.9 Market Breakup by Region
- 5.10 Market Forecast
- 6 Market Breakup by Product
- 6.1 Non-Athletic Footwear
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Athletic Footwear
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Material
- 7.1 Rubber
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Leather
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Plastic
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Fabric
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Market Breakup by Distribution Channel
- 8.1 Footwear Specialists
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Online Sales
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Supermarkets and Hypermarkets
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Departmental Stores
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Clothing Stores
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Market Breakup by Pricing
- 9.1 Premium
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Mass
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by End-User
- 10.1 Men
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Women
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Kids
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Europe
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Asia Pacific
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Middle East and Africa
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Latin America
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 13.1 Overview
- 13.2 Research and Development
- 13.3 Raw Material Procurement
- 13.4 Manufacturing
- 13.5 Marketing
- 13.6 Distribution
- 13.7 End-Use
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 15.1 Price Indicators
- 15.2 Price Structure
- 15.3 Margin Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Nike Incorporation
- 16.3.2 Adidas AG
- 16.3.3 PUMA
- 16.3.4 Geox S.p.A
- 16.3.5 Skechers USA, Incorporation
- 16.3.6 Timberland
- 16.3.7 Crocs Retail, Inc.
- 16.3.8 Ecco Sko A/S
- 16.3.9 Wolverine World Wide, Inc.
- 16.3.10 Under Armour Inc.
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