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Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 107 pages | ID: F4AED25BCF0EN
IMARC Group

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Market Overview:

The global footwear market size reached US$ 234.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 314.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

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.

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 report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, material, distribution channel, pricing and end-user.

Breakup by Product:

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:

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.

Key Questions Answered in This Report

1. What was the size of the global footwear market in 2022?
2. What is the expected growth rate of the global footwear market during 2023-2028?
3. What are the key factors driving the global footwear market?
4. What has been the impact of COVID-19 on the global footwear market?
5. What is the breakup of the global footwear market based on the product?
6. What is the breakup of the global footwear market based on the material?
7. What is the breakup of the global footwear market based on the distribution channel?
8. What is the breakup of the global footwear market based on the pricing?
9. What is the breakup of the global footwear market based on the end-user?
10. What are the key regions in the global footwear market?
11. Who are the key players/companies in the global footwear market?
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 TABLES

Table 1: Global: Footwear Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Footwear Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Footwear Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: Footwear Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Footwear Market Forecast: Breakup by Pricing (in Million US$), 2023-2028
Table 6: Global: Footwear Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 7: Global: Footwear Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Footwear Market Structure
Table 9: Global: Footwear Market: Key Players


LIST OF FIGURES

Figure 1: Global: Footwear Market: Major Drivers and Challenges
Figure 2: Global: Footwear Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Footwear Market: Breakup by Product (in %), 2022
Figure 4: Global: Footwear Market: Breakup by Material (in %), 2022
Figure 5: Global: Footwear Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Footwear Market: Breakup by Pricing (in %), 2022
Figure 7: Global: Footwear Market: Breakup by End-User (in %), 2022
Figure 8: Global: Footwear Market: Breakup by Region (in %), 2022
Figure 9: Global: Footwear Market Forecast: Sales Value (in Billion US$), 2023-2028
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$), 2017 & 2022
Figure 14: Global: Footwear (Non-Athletic Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Footwear (Athletic Footwear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Footwear (Athletic Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Footwear (Rubber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Footwear (Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Footwear (Leather) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Footwear (Leather) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Footwear (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Footwear (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Footwear (Fabric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Footwear (Fabric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Footwear (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Footwear (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Footwear Market: Sales through Footwear Specialists (in Million US$), 2017 & 2022
Figure 28: Global: Footwear Market Forecast: Sales through Footwear Specialists (in Million US$), 2023-2028
Figure 29: Global: Footwear Market: Online Sales (in Million US$), 2017 & 2022
Figure 30: Global: Footwear Market Forecast: Online Sales (in Million US$), 2023-2028
Figure 31: Global: Footwear Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
Figure 32: Global: Footwear Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
Figure 33: Global: Footwear Market: Sales through Departmental Stores (in Million US$), 2017 & 2022
Figure 34: Global: Footwear Market Forecast: Sales through Departmental Stores (in Million US$), 2023-2028
Figure 35: Global: Footwear Market: Sales through Clothing Stores (in Million US$), 2017 & 2022
Figure 36: Global: Footwear Market Forecast: Sales through Clothing Stores (in Million US$), 2023-2028
Figure 37: Global: Footwear Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 38: Global: Footwear Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 39: Global: Footwear (Premium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Footwear (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Footwear (Mass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Footwear (Mass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Footwear (Men) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Footwear (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Footwear (Women) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Footwear (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Footwear (Kids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Footwear (Kids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: North America: Footwear Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: North America: Footwear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Europe: Footwear Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Europe: Footwear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Footwear Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Footwear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Middle East and Africa: Footwear Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Middle East and Africa: Footwear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Latin America: Footwear Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Latin America: Footwear Market Forecast: Sales Value (in Million US$), 2023-2028?


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