• Home
  • |
  • Press Release
  • |
  • Global Footwear Market Availability of Innovative and Unique Product Designs Propelling Growth

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

February 03, 2022

According to the latest report by IMARC Group, titled "Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global footwear market size reached a value of US$ 224.6 Billion in 2021. Footwear refers to articles worn on the feet for the purpose of fashion, adornment, hygiene, or providing protection against adversities of the environment, including temperature and ground textures. It consists of a flexible upper layer made of leather, jute, fabric, plastic, rubber, and other synthetic materials with a soft sole and heel to support the weight of the wearer. Their use offers enhanced convenience and comfort, and eases locomotion, thereby preventing major injuries. As a part of the clothing and apparel industry, footwear is comprised of shoes, athletic sneakers, sports shoes, luxury footwear, and other related goods that are commercially available in diverse patterns, colors, and advanced technical fabrications.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Footwear Market Trends:

The increasing demand for superior quality footwear with enhanced convenience and comfort are majorly driving the market growth across the globe. This is further supported by rising health concerns, which has prompted manufacturers to launch sports-focused footwear, such as football, cricket, basketball, and golf. In line with this, exponential investments by governments of various nations and global organizations to promote brands in sports leagues and participation, including Formula 1 (F1) car racing, Olympics, and the FIFA world cup, are also catalyzing the market growth. Moreover, key players are considerably investing in research and development (R&D) activities to introduce innovative product variants, such as eco-friendly footwear manufactured using sustainable materials and smart shoes consisting of pressure sensors to facilitate easy functioning of self-lacing, which is acting as another major growth-inducing factor. Besides this, the proliferation of smart phones, easy internet connectivity, and an increasing number of e-commerce platforms have enabled companies to offer enhanced convenience to users via flexible payment methods, easy return or exchange policies, and monetary benefits, which, in turn, is propelling the global sales of footwear. Furthermore, major brands, such as Lee Cooper, Adidas America, and PUMA, are strengthening their market presence by engaging consumers through social media platforms and adopting influencer culture, which is positively influencing the market growth. Looking forward, the market is expected to grow at a CAGR of 4% during 2022-2027.

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 segmented into rubber, leather, plastic. fabric, and others.
  • Based on the distribution channel, the market has been divided into footwear specialists, supermarkets and hypermarkets, departmental stores, clothing stores, online sales, and others.
  • On the basis of the pricing, the market has been bifurcated into premium and mass.
  • Based on the end-user, the market has been classified into men, women, and kids.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Indonesia, Philippines, South Korea, North Korea, Malaysia, Vietnam and others), Europe (France, Italy, Russia and others), Middle East and Africa (Saudi Arabia, the United Arab Emirates, South Africa and others), and Latin America (Brazil, Mexico, Argentina, Chile, Peru and others).
  • The competitive landscape of the market has been examined, 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:


30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More