According to IMARC Group’s latest report, titled “Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the footwear market share. 

The global footwear market size reached US$ 224.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 288.2 Billion by 2027, exhibiting at a CAGR of 4% during 2022-2027. Footwear refers to articles that are worn for the purpose of adornment, hygiene, fashion, or providing protection against adversities of the environment, including ground textures and temperature. It is manufactured by using a wide array of materials, such as wood, canvas, leather, jute, plastics, rubber, etc., with a highly soft sole and heel to support the weight of the wearer. Footwear can either be machine- or hand-made and is commonly available in various patterns, colors, advanced technical fabrications, etc., for both athletic and non-athletic purposes.

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Footwear Market Trends:

The escalating demand for superior-quality articles is among the key factors stimulating the footwear market. Moreover, leading manufacturers are focusing on developing unique designs while giving importance to comfort, which is acting as another significant growth-inducing factor. Besides this, the growing consumer inclination towards participating in athletic and physical activities, such as jogging and running, is positively influencing the global market. Furthermore, the rising sales of footwear via organized retail outlets are propelling the market growth. Apart from this, numerous promotional activities by key market players and the inflating expenditure capacities of individuals are further bolstering the global market. Additionally, extensive investments in R&D activities to introduce smart shoes consisting of pressure sensors to facilitate easy functioning of self-lacing are also augmenting the market growth. In line with this, the increasing number of e-commerce platforms are enabling companies to offer enhanced convenience to users via flexible payment methods, easy return or exchange policies, monetary benefits, etc., which is anticipated to fuel the footwear market over the forecasted period.

Footwear Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the footwear market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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 Market Segmentation:

The report has segmented the global footwear market on the basis of product, material, distribution channel, pricing, end-user and region.

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:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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