North Asia is the biggest manufacturer of footwear in the world, accounting for 70% of the overall production in the industry. In 2014, the global footwear market was valued at approximately USD 208 billion, and is projected to reach USD 258 billion by the year 2023. the industry grew at a CAGR of 2.5% from in the period 2015-2023.
India is globally the second largest footwear producer after China. India’s footwear production accounts for approximately 9% of the global annual production of 22 billion pair as compared to China’s which produces over 60%. Key production centres include Kanpur and Agra in Uttar Pradesh, Ranipet, Vaniyambadi and Ambur in Tamil Nadu.
The market currently is dominated by men's footwear which contribute close to 58% of the total Indian footwear retail market. In term of product type, the market is dominated by casual footwear market that contribute approximately 67% of the total footwear retail market.
Why should the report be purchased?
The report ‘India Footwear Market Study’ highlights key dynamics ofIndia’s footwear market market. The growing opportunity in the sector has been investigated along with the market drivers.The initiatives and performance of key playersincluding Bata, Paragon Group, RelaxoFootwears Limited and Liberty Shoes Limitedalong with current market scenario has also been studied. The report contains latest industry leader’s opinion.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license. The delivery time for the electronic version of the report is immediate and dispatch time for hard copies is 2 business days, as each hard copy is custom printed for the client.
About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.