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Global Footwear Market to Grow at 4% During 2022-2027, Supported by the Rising Demand for Convenient and Comfortable Products

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Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global footwear market reached a value of 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Footwear is worn for providing comfort and protection to the feet. It is manufactured using a wide variety of materials such as wood, canvas, leather, jute, plastics and rubber. With the changing aesthetics and fashion trends, the quality and styles of footwear have considerably evolved to provide maximum comfort to the consumers. Footwear can either be machine- or hand-made and is commonly available for both athletic and non-athletic purposes. Although a necessity, footwear has evolved as a symbol of luxury and class over time.

 

 
 

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Increasing demand for superior quality footwear along with product innovation and premiumization represent some of the key factors driving the market. Manufacturers are increasingly emphasizing on the development of unique designs, while also giving importance to comfort. This has led to the introduction of innovative products which are comfortable as well as fashionable. Increasing interest in sports and inclination towards athletic and physical activities such as jogging have also positively impacted the market growth. Although online marketing has overpowered physical shopping experience in most consumer goods segments, consumers still prefer to be physically present while buying footwear. This has further led to the proliferation of organized retail outlets and has improved customer-manufacturer interaction. Furthermore, aggressive promotional activities by manufacturers and enhanced spending capacities of consumers have also catalyzed the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global footwear market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, material, distribution channel, pricing and end-user.

Breakup by Product:

 

 
 

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  • 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:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Material, Distribution Channel, Pricing, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Nike Incorporation, Adidas AG, PUMA, Geox S.p.A, Skechers USA, Incorporation, Timberland, Crocs Retail, Inc., Ecco Sko A/S, Wolverine World Wide, Inc. and Under Armour Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Footwear Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product
    5.5    Market Breakup by Material
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Pricing
    5.8    Market Breakup by End-User
    5.9    Market Breakup by Region
    5.10    Market Forecast
6   Market Breakup by Product
    6.1    Non-Athletic Footwear
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Athletic Footwear
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Material
    7.1    Rubber
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Leather
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Plastic
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Fabric 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by Distribution Channel
    8.1    Footwear Specialists
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Online Sales
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Supermarkets and Hypermarkets
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Departmental Stores
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Clothing Stores
        8.5.1    Market Trends
        8.5.2    Market Forecast
    8.6    Others
        8.6.1    Market Trends
        8.6.2    Market Forecast
9   Market Breakup by Pricing
    9.1    Premium
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Mass
        9.2.1    Market Trends
        9.2.2    Market Forecast
10  Market Breakup by End-User
    10.1    Men
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Women
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Kids
        10.3.1    Market Trends
        10.3.2    Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
    13.1    Overview
    13.2    Research and Development
    13.3    Raw Material Procurement
    13.4    Manufacturing
    13.5    Marketing
    13.6    Distribution
    13.7    End-Use
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
    15.1    Price Indicators
    15.2    Price Structure
    15.3    Margin Analysis
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Nike Incorporation 
        16.3.2    Adidas AG 
        16.3.3    PUMA 
        16.3.4    Geox S.p.A 
        16.3.5    Skechers USA, Incorporation 
        16.3.6    Timberland 
        16.3.7    Crocs Retail, Inc. 
        16.3.8    Ecco Sko A/S 
        16.3.9    Wolverine World Wide, Inc. 
        16.3.10      Under Armour Inc. 


List of Figures

Figure 1: Global: Footwear Market: Major Drivers and Challenges
Figure 2: Global: Footwear Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Footwear Market: Breakup by Product (in %), 2021
Figure 4: Global: Footwear Market: Breakup by Material (in %), 2021
Figure 5: Global: Footwear Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Footwear Market: Breakup by Pricing (in %), 2021
Figure 7: Global: Footwear Market: Breakup by End-User (in %), 2021
Figure 8: Global: Footwear Market: Breakup by Region (in %), 2021
Figure 9: Global: Footwear Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Footwear Industry: SWOT Analysis
Figure 11: Global: Footwear Industry: Value Chain Analysis
Figure 12: Global: Footwear Industry: Porter’s Five Forces Analysis
Figure 13: Global: Footwear (Non-Athletic Footwear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Footwear (Non-Athletic Footwear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Footwear (Athletic Footwear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Footwear (Athletic Footwear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Footwear (Rubber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Footwear (Rubber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Footwear (Leather) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Footwear (Leather) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Footwear (Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Footwear (Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Footwear (Fabric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Footwear (Fabric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Footwear (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Footwear (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Footwear Market: Sales through Footwear Specialists (in Million US$), 2016 & 2021
Figure 28: Global: Footwear Market Forecast: Sales through Footwear Specialists (in Million US$), 2022-2027
Figure 29: Global: Footwear Market: Online Sales (in Million US$), 2016 & 2021
Figure 30: Global: Footwear Market Forecast: Online Sales (in Million US$), 2022-2027
Figure 31: Global: Footwear Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2016 & 2021
Figure 32: Global: Footwear Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2022-2027
Figure 33: Global: Footwear Market: Sales through Departmental Stores (in Million US$), 2016 & 2021
Figure 34: Global: Footwear Market Forecast: Sales through Departmental Stores (in Million US$), 2022-2027
Figure 35: Global: Footwear Market: Sales through Clothing Stores (in Million US$), 2016 & 2021
Figure 36: Global: Footwear Market Forecast: Sales through Clothing Stores (in Million US$), 2022-2027
Figure 37: Global: Footwear Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 38: Global: Footwear Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 39: Global: Footwear (Premium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Footwear (Premium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Footwear (Mass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Footwear (Mass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Footwear (Men) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Footwear (Men) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Footwear (Women) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Footwear (Women) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Footwear (Kids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Footwear (Kids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: North America: Footwear Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: North America: Footwear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Footwear Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Footwear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Asia Pacific: Footwear Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Asia Pacific: Footwear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Middle East and Africa: Footwear Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Middle East and Africa: Footwear Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Footwear Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Footwear Market Forecast: Sales Value (in Million US$), 2022-2027

 
List of Tables

Table 1: Global: Footwear Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Footwear Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Footwear Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Footwear Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Footwear Market Forecast: Breakup by Pricing (in Million US$), 2022-2027
Table 6: Global: Footwear Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 7: Global: Footwear Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Footwear Market Structure
Table 9: Global: Footwear Market: Key Players


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Key Questions Answered in This Report

The global footwear market was valued at US$ 224.6 Billion in 2021.

We expect the global footwear market to exhibit a CAGR of 4% during 2022-2027.

The evolution in fashion trends, coupled with the growing demand for superior quality footwear, that
are comfortable and fashionable, is primarily catalyzing the global footwear market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
footwear.

Based on the product, the global footwear market can be segmented into non-athletic footwear and
athletic footwear, where non-athletic footwear holds the largest market share.

Based on the material, the global footwear market has been divided into rubber, leather, plastic, fabric,
and others. Currently, rubber-based footwear exhibits a clear dominance in the market.

Based on the distribution channel, the global footwear market can be segregated into footwear
specialists, supermarkets and hypermarkets, departmental stores, clothing stores, online sales, and
others. Among these, footwear specialists currently account for the majority of the total market share.

Based on the pricing, the global footwear market has been bifurcated into premium and mass.
Currently, mass priced footwear exhibits a clear dominance in the market.

Based on the end-user, the global footwear market can be categorized into men, women, and kids.
Among these, women currently account for the majority of the global market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where North America dominates the global market.

Some of the major players in the global footwear market 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.

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