GCC Footwear Market to Reach US$ 6.6 Billion by 2032, Propelled by Introduction of Innovative Product Variants

September 26, 2022 | Retail

The latest report by IMARC, titled “GCC Footwear Market Report by Product (Non-Athletic Footwear, Athletic Footwear), Material (Rubber, Leather, Plastic, Fabric, and Others), Distribution Channel (Footwear Specialists, Supermarkets and Hypermarkets, Departmental Stores, Clothing Stores, Online Sales, and Others), Pricing (Premium, Mass), End User (Men, Women, Kids), and Country 2024-2032”, finds that GCC footwear market reached a value of US$ 4.8 Billion in 2023. Footwear refers to apparel used to cover and protect the feet from temperatures, ground textures, and gravel roads. It is manufactured from numerous materials, including plastic, rubber, leather, jute, wood, canvas, and fabric. Footwear also facilitates locomotion and assists in preventing injuries. It is either machine or hand-made and is available for athletic and non-athletic purposes. In recent years, the demand for footwear has gained momentum as it has evolved as a symbol of luxury and class.

GCC Footwear Market Trends:

One of the primary factors driving the market is the establishment of various luxury footwear brands in the GCC region. Additionally, the increasing interest of individuals in sports, along with their rising inclination toward athletic and physical activities, including jogging, is creating a positive market outlook. Other than this, the promotion of premium footwear on various social media platforms has led to a significant boost in demand for footwear. In line with this, the growing health consciousness among the masses is encouraging key players to manufacture sports-focused footwear, such as cricket, football, basketball, and golf. Furthermore, market players are extensively investing in research and development (R&D) activities to launch innovative product variants. Moreover, the expansion of smartphones, easy internet connectivity, and the rising number of e-commerce platforms have enabled the leading companies to offer convenient services, such as flexible payment methods, exchange or return options, and monetary benefits, which are contributing to the market growth. Looking forward, IMARC Group expects the market size to reach US$ 6.6 Billion by 2032, expanding at a CAGR of 3.59% during the forecast period (2024-2032).

Market Summary:

Based on the product, the market has been bifurcated into non-athletic and athletic footwear.
On the basis of the material, the market has been divided into rubber, leather, plastic, fabric, and others.
Based on the distribution channel, the market has been segmented into footwear specialists, supermarkets and hypermarkets, departmental stores, clothing stores, online sales, and others.
On the basis of the pricing, the market has been segregated into premium and mass.
Based on the end user, the market has been categorized into men, women, and kids.
Region-wise, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product, Material, Distribution Channel, Pricing, End User, Country
Countries Covered	Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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GCC Footwear Market to Reach US$ 6.6 Billion by 2032, Propelled by Introduction of Innovative Product Variants

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