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The global footwear market reached a value of around USD 417.50 Billion in 2024. The market is assessed to grow at a CAGR of 4.90% between 2025 and 2034 to reach a value of approximately USD 673.61 Billion by 2034. The footwear market is significantly growing with the increasing demand for fashionable footwear and trending designs. Market value, particularly in urban areas, is also rising, driven by the surge in limited-edition shoes and the increasing appeal of luxury footwear. The footwear consumption has increased due to the growing popularity of athletic shoes and sneakers as lifestyle products. The demand for casual footwear has also increased rapidly. The growth of online shopping platforms has made it easier for consumers to buy shoes. Moreover, with the use of social media marketing, brands are being able to create hyperlocal initiatives to announce exclusive launches and collaborations, hence increasing customer engagement. Moreover, with high demand for fashionable & high-performance footwear supported by celebrity endorsements and influencer campaigns, the growth of the market is bound to surge.
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As per the FDRA, 64% of footwear customers in the United States are willing to pay $1-$5 more for sustainable shoes.
China is the largest manufacturer of footwear in the world, followed by India, Brazil, Vietnam, and Indonesia.
Sneakers are the most popular type of footwear among the Gen-Z population, attributed to the rising emphasis on comfort.
One of the notable trends in the footwear market is the demand for specialized footwear in line with technological advancements and sustainability. The brands are bringing about footgear innovation with advanced materials, catering to orthopaedic styles that provide healthy functions such as foot health, arch support, cushioning, and breathability. New materials are being designed to be lighter while allowing more air flow. 3D printing is revolutionizing manufacturing, allowing for new levels of customization and forcing design for better fit and function. The sustainability theme is in play in the sector as well, with companies introducing recyclable sneakers constructed out of eco-friendly advanced materials. The Nike ISPA Link Axis, for example, features modular, glue-free construction, offering recyclable shoes as well as sports shoes that offer ever more performance tracking.
The need for health and fitness-focused footwear is pushing the demand in the athletic show market, as global consumers are increasingly becoming aware of their wellbeing. Health and fitness are top priorities for consumers, who are seeking footwear that complements their sports activities alongside everyday comfort. From tailor-fitted shoes to design preference, the trend for customization and personalization has taken flight. E-commerce is changing the footwear industry by making shoes more accessible with online marketplaces that feature a wide array of products with quick delivery options. Growing demand for athleisure products is contributing to demand for fashion-forward shoes that provide both comfort and performance. With consumers paying attention to both aesthetic and utility, the footwear industry is gearing up for flexible, multi-functional segments serving active and lifestyle segments. This reflects an evolution of the market towards performance, convenience, and personalized experiences.
Partnerships between footwear brands and fashion designers to produce limited-edition collections aimed at niche market segments are one of the major trends in the footwear market. These releases create a buzz on social media, where authentic shoe styles are being passed around by celebrities and influencers. More specialized customer engagement with real-time feedback through social media platforms brings a potential spike in sales. Moreover, brands are combining technology to improve the precision and comfort of design with high-quality materials for long-lasting performance and aesthetics. This focus on cutting edge footgear designs using high end finishes is also appealing to the fashion forward consumers. Consequently, limited-edition drops and celebrity-endorsed collaborations have emerged as strategic tactics to bring much-needed brand hype and consumer interest, propelling further market segments.
*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.*
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The current size of the footwear market is USD 417.50 Billion.
The market is expected to grow at a CAGR of 4.90% over the forecast period.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 673.61 Billion by 2034.
Growing discretionary incomes, a greater emphasis on comfort and design, a growing interest in sports and fitness, and an increase in sales of high-end goods are the main motivating reasons.
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, Bata Corporation, ECCO Sko A/S, Under Armour, Inc., Timberland, and Geox S.p.A., among others.
The Asia Pacific market held the dominant 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.
The leading material in the market is synthetic leather.
The footwear market changed after COVID-19 to focus on sustainability, e-commerce, and comfort.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124