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Some of the major players in the market are increasingly innovating with materials to launch high-performance footwear:
Company | Product Range | Headquarters | Founded |
Nike, Inc. | Athletic footwear, apparel, equipment, and accessories | Oregon, United States | 1964 |
PUMA SE | Athletic and casual footwear, apparel, and accessories | Herzogenaurach, Germany | 1948 |
Skechers USA, Inc. | Lifestyle and performance apparel and footwear | California, United States | 1992 |
Adidas AG | Performance and lifestyle footwear, apparel, and accessories | Herzogenaurach, Germany | 1949 |
Other key players in the global footwear market are VF Corporation, TBL Licensing LLC, Crocs Retail, LLC, Under Armour®, Inc., Jimmy Choo S.r.l., FILA Holdings Corp., Prada S.p.A., Burberry Group Plc, Wolverine World Wide, Inc, and Bata Corporation, among others.
Manufacturers in the market are continuously involved in research and development to improve the comfort and performance of footwear. Some notable innovations in material include the waterproof Gore-Tex, carbon fibre, and Kevlar sole, which is known for its strength and heat resistance.
Moreover, the integration of advanced technologies in the manufacturing process has become a significant factor propelling the footwear market growth. For instance, 3D printing has enabled companies to provide a wide range of customisation options and manufacture custom footwear that can fit the user’s feet perfectly.
Footwear Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Footwear Market Analysis
8.1 Key Industry Highlights
8.2 Global Footwear Historical Market (2018-2023)
8.3 Global Footwear Market Forecast (2024-2032)
8.4 Global Footwear Market by Type
8.4.1 Non-Athletic Footwear
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Sneakers
8.4.1.3.2 Boots
8.4.1.3.3 Shoes
8.4.1.3.4 Slippers
8.4.1.3.5 Sandals
8.4.2 Athletic Footwear
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Footwear Market by Material
8.5.1 Rubber
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Leather
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Plastic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Fabric
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Footwear Market by Pricing
8.6.1 Premium
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Mass
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Footwear Market by End Use
8.7.1 Men
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Women
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Kids
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Footwear Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Footwear Specialists
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Departmental Stores
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Clothing Stores
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Online
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Others
8.9 Global Footwear Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Footwear Market Analysis
9.1 Market by Type
9.2 Market by Material
9.3 Market by Pricing
9.4 Market by End Use
9.5 Market by Distribution Channel
9.6 Market by Country
9.6.1 United States of America
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Canada
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
10 Europe Footwear Market Analysis
10.1 Market by Type
10.2 Market by Material
10.3 Market by Pricing
10.4 Market by End Use
10.5 Market by Distribution Channel
10.6 Market by Country
10.6.1 United Kingdom
10.6.1.1 Historical Trend (2018-2023)
10.6.1.2 Forecast Trend (2024-2032)
10.6.2 Germany
10.6.2.1 Historical Trend (2018-2023)
10.6.2.2 Forecast Trend (2024-2032)
10.6.3 France
10.6.3.1 Historical Trend (2018-2023)
10.6.3.2 Forecast Trend (2024-2032)
10.6.4 Italy
10.6.4.1 Historical Trend (2018-2023)
10.6.4.2 Forecast Trend (2024-2032)
10.6.5 Others
11 Asia Pacific Footwear Market Analysis
11.1 Market by Type
11.2 Market by Material
11.3 Market by Pricing
11.4 Market by End Use
11.5 Market by Distribution Channel
11.6 Market by Country
11.6.1 China
11.6.1.1 Historical Trend (2018-2023)
11.6.1.2 Forecast Trend (2024-2032)
11.6.2 Japan
11.6.2.1 Historical Trend (2018-2023)
11.6.2.2 Forecast Trend (2024-2032)
11.6.3 India
11.6.3.1 Historical Trend (2018-2023)
11.6.3.2 Forecast Trend (2024-2032)
11.6.4 ASEAN
11.6.4.1 Historical Trend (2018-2023)
11.6.4.2 Forecast Trend (2024-2032)
11.6.5 Australia
11.6.5.1 Historical Trend (2018-2023)
11.6.5.2 Forecast Trend (2024-2032)
11.6.6 Others
12 Latin America Footwear Market Analysis
12.1 Market by Type
12.2 Market by Material
12.3 Market by Pricing
12.4 Market by End Use
12.5 Market by Distribution Channel
12.6 Market by Country
12.6.1 Brazil
12.6.1.1 Historical Trend (2018-2023)
12.6.1.2 Forecast Trend (2024-2032)
12.6.2 Argentina
12.6.2.1 Historical Trend (2018-2023)
12.6.2.2 Forecast Trend (2024-2032)
12.6.3 Mexico
12.6.3.1 Historical Trend (2018-2023)
12.6.3.2 Forecast Trend (2024-2032)
12.6.4 Others
13 Middle East and Africa Footwear Market Analysis
13.1 Market by Type
13.2 Market by Material
13.3 Market by Pricing
13.4 Market by End Use
13.5 Market by Distribution Channel
13.6 Market by Country
13.6.1 Saudi Arabia
13.6.1.1 Historical Trend (2018-2023)
13.6.1.2 Forecast Trend (2024-2032)
13.6.2 United Arab Emirates
13.6.2.1 Historical Trend (2018-2023)
13.6.2.2 Forecast Trend (2024-2032)
13.6.3 Nigeria
13.6.3.1 Historical Trend (2018-2023)
13.6.3.2 Forecast Trend (2024-2032)
13.6.4 South Africa
13.6.4.1 Historical Trend (2018-2023)
13.6.4.2 Forecast Trend (2024-2032)
13.6.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 by Value
15.1.2 by Volume
15.2 Major Importing Countries
15.2.1 by Value
15.2.2 by Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nike, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PUMA SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Skechers USA, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Adidas AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 VF Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 TBL Licensing LLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Crocs Retail, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Under Armour®, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Jimmy Choo S.r.l.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 FILA Holdings Corp.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Prada S.p.A.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Burberry Group Plc
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Wolverine World Wide, Inc
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Bata Corporation
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Footwear Market: Key Industry Highlights, 2018 and 2032
2. Global Footwear Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Footwear Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Footwear Historical Market: Breakup by Material (USD Million), 2018-2023
5. Global Footwear Market Forecast: Breakup by Material (USD Million), 2024-2032
6. Global Footwear Historical Market: Breakup by Pricing (USD Million), 2018-2023
7. Global Footwear Market Forecast: Breakup by Pricing (USD Million), 2024-2032
8. Global Footwear Historical Market: Breakup End User (USD Million), 2018-2023
9. Global Footwear Market Forecast: Breakup by End User (USD Million), 2024-2032
10. Global Footwear Historical Market: Breakup Distribution Channel (USD Million), 2018-2023
11. Global Footwear Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Footwear Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Footwear Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Footwear Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Footwear Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Footwear Market Structure
In 2023, the market reached an approximate value of USD 417.50 billion.
The market is estimated to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 642.16 billion by 2032.
The major driving factors are rising disposable incomes, increasing focus on comfort and design, growing interest in fitness and sports activities, and increase in sales of premium quality products.
The growing product purchase by consumers via e-commerce platforms such as Amazon, Alibaba, and others, and the launch of improved products range by manufacturers are the key market trends guiding the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Non-athletic footwear and athletic footwear are the different types of footwear in the market.
The major players in the market are Nike, Inc., PUMA SE, Skechers USA, Inc., Adidas AG, VF Corporation, TBL Licensing LLC, Crocs Retail, LLC, Under Armour®, Inc., Jimmy Choo S.r.l., FILA Holdings Corp., Prada S.p.A., Burberry Group Plc, Wolverine World Wide, Inc, and Bata Corporation, among others.
Athletic footwear accounted for largest market share.
The Asia Pacific is the fastest growing region in the market.
North America and Europe hold major shares in the market.
Vietnam, China, and Belgium hold potential for market expansion.
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