The global footwear manufacturing machines market size reached US$ 20.64 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.89 Billion by 2028, exhibiting a growth rate (CAGR) of 4.58% during 2023-2028. Increasing sales of superior quality footwear, rising adoption of sustainable materials, and the growing social media influence represent some of the key factors driving the market.
Footwear is worn on the feet for protection and providing comfort and it comprises athletic shoes, non-athletic shoes, boots, sandals, and slippers, which can be made in several sizes and shapes to fit different feet. It is manufactured using various materials, such as leather, wood, canvas, jute, plastics, and rubber. It involves the use of multiple machines and equipment, such as cutting machines, stitching machines, lasting machines, and finishing equipment, in the manufacturing process. At present, the growing popularity of high-end fashion brands as a status symbol is influencing the demand for footwear manufacturing machines positively across the globe. Besides this, the increasing use of automation and robotics in footwear manufacturing for several tasks, such as material handling, stitching, and quality inspection, to reduce labor costs and improve efficiency is catalyzing the demand for these machines worldwide.
Footwear Manufacturing Machines Market Trends:
Increasing sales of superior quality footwear on account of the improving living standards and expanding purchasing power of individuals represent one of the major factors driving the demand for footwear manufacturing machines around the world. Moreover, due to the rising environmental impact, several footwear manufacturers are adopting the use of sustainable materials, such as recycled and plant-based materials, to minimize carbon footprints. In line with this, footwear companies are offering customization options for footwear to enhance the experience of the individual. Additionally, the growing influence of social media, changing fashion and aesthetic trends, and the flourishing fashion industry is influencing the market positively. Apart from this, there is a rise in the integration of artificial intelligence (AI), machine learning (ML), sensors, the internet of things (IoT), and 3D printing technologies in footwear manufacturing machines to analyze data and optimize the production process. These advanced technologies also help monitor, control, and identify patterns and trends in the data and detect potential issues and areas for improvement. This, along with the advent of computer aided design (CAD) and computer aided manufacturing (CAM) software to enable greater precision and efficiency in the production process, is propelling the growth of the market. Furthermore, the easy availability of footwear across e-commerce platforms is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global footwear manufacturing machines market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on solutions, machine type, and end user.
- Cutting Machine
- Lasting Machine
- Shoe Stitching Machine
- Closing Machines (Upper Assembly)
- Bottoming Machines
- Finishing Machines
The report has provided a detailed breakup and analysis of the footwear manufacturing machines market based on the solutions. This includes product [cutting machine, lasting machine, shoe stitching machine, closing machines (upper assembly), bottoming machines, finishing machines and others] and services [maintenance and repair]. According to the report, product [cutting machine, lasting machine, shoe stitching machine, closing machines (upper assembly), bottoming machines, finishing machines and others] represented the largest segment.
Machine Type Insights:
A detailed breakup and analysis of the footwear manufacturing machines market based on the machine type has also been provided in the report. This includes manual, automatic, and semi-automatic. According to the report, semi-automatic accounted for the largest market share.
End User Insights:
The report has provided a detailed breakup and analysis of the footwear manufacturing machines market based on the end user. This includes designer and commercial (athletic, casual, military, and others). According to the report, commercial (athletic, casual, military, and others) accounted for the largest market share.
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for footwear manufacturing machines. Some of the factors driving the Asia Pacific footwear manufacturing machines market included the burgeoning e-commerce industry, rising demand for superior quality footwear, technological advancements in the production process, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global tea market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comelz Spa, Dongguan Kingstone Shoe-making Machinery Co. Ltd., Gusbi SpA, Kou Yi Iron Works Co. Ltd., Orisol Taiwan Ltd., True Ten Industrial Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
- Product: Cutting Machine, Lasting Machine, Shoe Stitching Machine, Closing Machines (Upper Assembly), Bottoming Machines, Finishing Machines, Others
- Services: Maintenance, Repair
|Machine Types Covered
||Manual, Automatic, Semi-Automatic
|End Users Covered
- Commercial: Athletic, Casual, Military, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||ALC Tecnologie Adesive S.r.l., Atom S.p.A, Brustia Alfameccanica S.r.l., Comelz Spa, Dongguan Kingstone Shoe-making Machinery Co. Ltd., Gusbi SpA, Kou Yi Iron Works Co. Ltd., Orisol Taiwan Ltd., True Ten Industrial Co. Ltd., etc.
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Key Questions Answered in This Report:
- How has the global footwear manufacturing machines market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global footwear manufacturing machines market?
- What is the impact of each driver, restraint, and opportunity on the global footwear manufacturing machines market?
- What are the key regional markets?
- Which countries represent the most attractive footwear manufacturing machines markets?
- What is the breakup of the market based on the solutions?
- Which is the most attractive solutions in the footwear manufacturing machines market?
- What is the breakup of the market based on the machine type?
- Which is the most attractive machine type in the footwear manufacturing machines market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the footwear manufacturing machines market?
- What is the competitive structure of the global footwear manufacturing machines market?
- Who are the key players/companies in the global footwear manufacturing machines market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the footwear manufacturing machines market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global footwear manufacturing machines market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the footwear manufacturing machines industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.