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The India footwear market is expected to exhibit a CAGR of XX% 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 usually made of materials like wood, canvas, jute, rubber, plastics and leather. Over the years, footwear has evolved as a symbol of luxury and class due to the premiumization and innovation in quality. In India, with the changing fashion and aesthetic trends, consumers are now preferring to purchase footwear with advanced technical fabrications, which provide maximum comfort with a wide variety of quality and styles. They are also available for both athletic and non-athletic purposes, due to which their demand is gaining immense traction in the country.
India represents one of the largest markets for footwear. This can be attributed to the rapid urbanization and industrialization, which has resulted in the increasing demand for formal, casual, athletic and fashion footwear. Besides this, the increasing globalization has led to the establishment of popular footwear brands across the country. Additionally, the growing penetration of e-commerce retail platforms, supported by easy and uninterrupted internet access, is contributing to the market growth. The online shopping experience provides consumers with a wide range of products to choose from with easy payment options, which, in turn, is creating a positive outlook for the market. Furthermore, the rising health awareness, escalating demand for sports and athletic footwear and increasing consumer expenditure capacities are driving the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the India footwear market, along with forecasts at the country 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:
Breakup by Material:
Breakup by Distribution Channel:
Breakup by Pricing:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Material, Distribution Channel, Pricing, End User, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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The India footwear market was valued at US$ 13.45 Billion in 2021.
We expect the India footwear market to exhibit a CAGR of 12.65% during 2022-2027.
Continuous evolution in fashion trends, coupled with the growing demand for superior quality footwear, that are comfortable and fashionable, is primarily driving the India 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 across the nation.
Based on the product, the India footwear market can be categorized into non-athletic and athletic footwear, where non-athletic footwear currently accounts for the majority of the total market share.
Based on the material, the India footwear market has been segregated into rubber, leather, plastic, fabric, and others. Among these, leather holds the largest market share.
Based on the end user, the India footwear market can be bifurcated into men, women, and kids. Currently, women exhibit a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India footwear market.
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