Global Footwear

Global Footwear Market Research Report: Forecast (2022-27)

By Product Type (Athletic, Non-Athletic) By Material (Leather, Non-Leather, Rubber, Plastic, Fabric, Others) By End-User (Men, Women, Children) By Sales Channel (Online, Offline) By Region (North Amer Read more

  • FMCG
  • May 2022
  • 178
  • CG10210

Market Definition

Footwear is manufactured using various materials like wood, leather, jute, plastics, & rubber. Available for both sports & non-athletic purposes, it can either be hand- or machine-made. Over the years, besides being a necessity, footwear has transformed into a luxury symbol. With the rise in awareness among consumers about the latest fashion trends, they desire the highest-quality footwear from different brands. Simultaneously, comfort, the prime priority for people nowadays, cannot be undermined for design. Hence, the leading footwear manufacturers are developing customized products to cater to the varied & burgeoning consumer requirements.

Market Insights

The Global Footwear Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the rising health concerns owing to sedentary lifestyle & its related issues, i.e., surging the consumer participation in sports & physical activities and, in turn, driving the sales of footwear globally. Besides, a significant surge in consumer spending, coupled with the changing consumer preferences towards stylish & comfortable footwear, is further augmenting the growth of the global market.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 5.3%
Regions Covered North America: The US, Canada, Mexico
Europe: The UK, France, Germany, Italy, Spain, Russia, Rest of Europe
Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of Asia-Pacific
South America: Brazil, Argentina  Rest of South America
Middle East & Africa: South Africa, GCC, Rest of Middle East & Africa
Key Companies Profiled

Adidas AG, Asics Corp., Authentic Brands Group LLC (Reebok International Limited), Bata Corporation, Columbia Sportswear, Deichmann SE, ECCO Sko A/S, Fila Holdings Corp., Geox, Jack Wolfskin, New Balance, Nike Inc., Puma SE, Relaxo Footwears Limited, Skechers USA, Inc., The ALDO Group, Timberland, Under Armour, Inc., Wolverine World Wide, Inc., Others

Unit Denominations USD Million/Billion

 

The leading footwear manufacturers are increasingly focusing on developing unique designs while prioritizing consumer comfort. As a result, the emergence of innovative products that are both comfortable & trendy is boosting the market. Moreover, the surging sales of athletic footwear for sports like cricket, basketball, football, etc., and substantial expenditure by both governments & the private sector on encouraging sports leagues & events across different countries worldwide, are other crucial aspects projected to drive the Global Footwear Market through 2027.

Key Trend in the Global Footwear Market

  • Growing Consumer Inclination toward Sustainable Footwear

Nowadays, most consumers are portraying active interest in adopting sustainable products, mainly due to the mounting concerns over rising carbon emissions worldwide. As a result, the leading manufacturers in the Global Footwear Market are conducting rigorous R&D activities and developing footwear using sustainable sources & recyclable materials to cater to the burgeoning demand for innovative & eco-friendly products. These aspects project lucrative prospects for the growth of the global market through 2027.

Impact of Covid-19 on the Global Footwear Market

In 2020, the advent of Covid-19 adversely affected several industries worldwide, and the Global Footwear Market was no exception. Governments of different countries imposed lockdowns & movement restrictions to curb the spread of the virus. As a result, the closure of footwear retail stores and stringent norms for online sales of only essentials resulted in a significant decline in the market growth. Besides, with a rapid rise in the unemployment rate and uncertainty of the pandemic, consumers reduced their discretionary expenses, which, in turn, further negatively impacted footwear sales globally.

Moreover, sports events like the FIFA & Olympics were either deferred or canceled, along with the shutdown of sports academies & clubs, which led to a significant decline in athletic footwear sales amidst the crisis. Moreover, schools & colleges were also shut down and are still not reopened across most countries, i.e., another aspect that has led to limited sports activities during the pandemic and, consequently, a notable decline in the growth of the footwear industry.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on Global Footwear Market
  5. Global Footwear Market Trends & Insights
  6. Global Footwear Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Footwear Market Hotspot & Opportunities
  8. Global Footwear Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
        1. Athletic
        2. Non-Athletic
      2. By Material
        1. Leather
        2. Non-Leather
          1. Rubber
          2. Plastic
          3. Fabric
          4. Others
      3. By End-User
        1. Men
        2. Women
        3. Children
      4. By Sales Channel
        1. Online
        2. Offline
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  9. North America Footwear Market Outlook, 2017-27F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product Type
      2. By Material
      3. By End-user
      4. By Sales Channel
      5. By Country
        1. The US
        2. Canada
        3. Mexico
  10. South America Footwear Market Outlook, 2017-27F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product Type
      2. By Material
      3. By End-user
      4. By Sales Channel
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. Europe Footwear Market Outlook, 2017-27F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product Type
      2. By Material
      3. By End-user
      4. By Sales Channel
      5. By Country
        1. The UK
        2. France
        3. Germany
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
  12. Middle East & Africa Footwear Market Outlook, 2017-27F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product Type
      2. By Material
      3. By End-user
      4. By Sales Channel
      5. By Country
        1. UAE
        2. South Africa
        3. Rest of Middle East & Africa
  13. Asia-Pacific Footwear Market Outlook, 2017-27F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product Type
      2. By Material
      3. By End-user
      4. By Sales Channel
      5. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia-Pacific
  14. Global Footwear Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Adidas AG
      2. Asics Corp.
      3. Authentic Brands Group LLC (Reebok International Limited)
      4. Bata Corporation
      5. Columbia Sportswear
      6. Deichmann SE
      7. ECCO Sko A/S
      8. Fila Holdings Corp.
      9. Geox
      10. Jack Wolfskin
      11. New Balance
      12. Nike Inc.
      13. Puma SE
      14. Relaxo Footwears Limited
      15. Skechers USA, Inc.
      16. The ALDO Group
      17. Timberland
      18. Under Armour, Inc.
      19. Wolverine World Wide, Inc.
      20. Others
  16. Disclaimer
Footwear Market  Segmentation
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