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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.
Base Year
Historical Year
Forecast Year
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.
North America Golf Market
The North America footwear market is accounted for the dominant share owing to the accelerated consumer spending on expensive footwear, lifestyle, and other types of footwear. Athletic and athleisure shoes are in high demand throughout the region owing to the rising interest in fitness, wellness and casual fashion trends. Big brands are taking advantage of technological developments, like smart sneakers that can track fitness activity, to appeal to health-conscious consumers. The market is also witnessing a boom in e-commerce sales, with online companies offering discounts, exclusive collections and direct-to-consumer sales. The sustainable footwear trend is gaining traction and companies are increasingly launching eco-friendly shoes made from recycled materials to meet the increasing demand for irresponsible products. The market dynamics of the region further elevate by celebrity collaborations and influencer-led campaigns.
U.S. Footwear Market Trends
The U.S. footwear market is driven by high consumer spending, fashion-forward trends and a strong athletic culture. The demand for athletic and performance shoes is increasing, encouraged by the country's attention to health, fitness and sports activities. On the other hand, multinational brands, specifically those from Nike, Adidas, and New Balance, are increasingly introducing new shoe designs featuring the latest in cushioning, breathability, and lightweight materials. Athleisure footwear trends are on the rise, blending sportswear and streetwear for exercise and daily activities. Eco-friendly footwear is also trending, with U.S. consumers increasingly demanding for vegan leather, biodegradable outsoles, and recycled materials. Market expansion is driven by the growth of direct-to-consumer (DTC) sales channels and online retailers, including Amazon and Zappos, which offer convenience and instant accessibility.
United Kingdom Footwear Market
The footwear market in the United Kingdom is growing due to increasingly fashion-conscious consumers and changing retail habits. Consumers, in increasing numbers seek trendy, stylish, and seasonal shoes. Designer brands like Jimmy Choo and Burberry are targeting upscale consumers, driving the overall growth of the market. E-commerce growth is reshaping the regional market, with online sales representing a large component of footwear revenue. Influencers and social media campaigns accelerate further sales from online platforms especially for millennials and Gen Z consumers. In addition, the increased focus on sustainable footwear is prompting brands to use eco-friendly materials and ethical production methods.
Latin America Footwear Market Trends
The market for footwear in Latin America is on an upward growth trajectory, primarily supported by increasing disposable incomes, urbanization, and varying fashion trends. Consumers are increasingly looking for stylish yet affordable shoes compared to global offerings that are often overpriced for their quality. Top markets include Brazil, Mexico, and Colombia. Demand for sports and casual shoes is booming, driven by a growing fitness culture in the region. They are also being challenged by local and regional shoe manufacturers that are launching more affordable products aimed at middle-income consumers. However, in certain nations, an unstable economy and changing currency values might hinder market growth. To make their business competitive, companies are concentrating on cheap pricing, offers, and many other products.
Australia Footwear Market Trends
The footwear market in Australia is on the rise, largely due to an increase in consumer spending, growing awareness of fashion, and the popularity of athleisure. Casual and sports shoes have captured the market as consumers focus on comfort and style. The need for sustainable footwear is increasing as brands are adopting eco-friendly materials and ethical manufacturing practices. Premium brands such as Gucci, Prada, and Balenciaga are catering to the demands of high net-worth individuals. Moreover, the online retail segment is also booming, making a range of footwear with return options, price cuts, and unique collections accessible. Australian consumers are also becoming more connected with global fashion trends led by overseas brands and designer collaborations. A greater focus on health and fitness in the country is also helping to drive sales of athletic and performance footwear.
Brazil Footwear Market
A wide range of leather products are manufactured in Brazil, the country being one of the largest footwear markets in Latin America due to high local production, local demand, and rising exports. Widely admired for its inexpensive yet fashionable footwear, the country is home to numerous local brands and international players. Sales of sports and casual footwear account for the top-selling lines, as consumers seek shoes that are stylish. Footwear is becoming more accessible as e-commerce platforms increase their reach, with online sales driving growth. Supportive measures from the Brazilian government for the local manufacturing and export incentives are also boosting footwear industry growth.
CAGR 2025-2034 - Market by | Country |
China | 6.6% |
Brazil | 5.6% |
Australia | 4.7% |
UK | 4.5% |
Canada | 4.4% |
USA | XX% |
Germany | XX% |
France | 4.1% |
Italy | XX% |
Japan | XX% |
India | XX% |
Saudi Arabia | XX% |
Mexico | XX% |
*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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+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