Footwear Market Research Report - Global Forecast till 2027

Global Footwear Market Research Report: Information by Product Type (Formal Footwear, Casual Footwear and Sports Footwear), Category (Open Footwear and Closed Footwear), End User (Men and Women), Distribution Channel (Store-based [Supermarkets and Hypermarkets, Specialty Stores and others] and Non-store-based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/6565-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of the report has been updated from 2019-2024 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Footwear is an essential part of the outfits used for a regular routine by an individual. Footwear comes in several varieties such as formal footwear, casual footwear, and sports footwear. Several types of material are used in the manufacturing process of footwear such as leather, fabric, plastic and synthetic polymers. The Global Footwear Market Size is estimated to reach USD 223.2 Billion by the end of 2024 and record a CAGR of 5.7%.


The global footwear market is expected to be driven by several factors such as the rising demand of global footwear in the increasing population in the developing markets of the Asia-Pacific region. At the same time, increasing per capita disposable incomes have been surging over the last few years in the developing nations of the Asia-Pacific region which in turn is expected to accelerate the growth of the global footwear market during the forecast period.


Segmentation


The global footwear market has been segmented based on product type, category, end user, distribution channel, and region.


The global footwear market has been classified, based on product type, as formal footwear, casual footwear, and sports footwear.


The global footwear market has been bifurcated, by category, into open footwear and closed footwear.


The global footwear market has been classified, based on end user, as men and women.


The global footwear market has been classified, on the basis of distribution channel, as store-based and non-store based. Store-based distribution channel has been further segmented into supermarkets and hypermarkets, specialty stores, and others.


The global footwear market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American footwear market has further been segmented into the US, Canada, and Mexico.


The European footwear market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. 


The footwear market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.


The footwear market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • Nike Corporation

  • Adidas AG

  • Kering S.A.

  • Geox S.p.A

  • Skechers USA, Incorporation

  • VF Corporation

  • Crocs Retail, Inc.

  • ECCO Sko A/S

  • Wolverine World Wide, Inc.

  • Under Armour Inc.

  • New Balance Athletics, Inc.

  • Asics Corporation

  • Deichmann SE

  • AeroGroup

  • The Columbia Sportswear Company


Regional Market Summary


Global Footwear Market Share (%), by Region, 2018  Footwear Market_Image


Source: Secondary Sources and MRFR Analysis


The market in Asia-Pacific is expected to dominate the global footwear market both in terms of value and volume. The improving lifestyles of the consumers along with the increasing per capita disposable incomes of the consumers is expected to enhance the sales of footwear during the forecast period. The market in Europe is also projected to register a moderate growth rate during the forecast period. However, the rest of the world is estimated to record a substantial growth rate during the forecast period. Among the rest of the world, the market in the Middle East is expected to register an exponential growth rate during the forecast period.


Global Footwear Market, by Product Type



  • Formal Footwear

  • Casual Footwear

  • Sports Footwear


Global Footwear Market, by Category



  • Open Footwear

  • Closed Footwear


Global Footwear Market, by End User



  • Men

  • Women


Global Footwear Market, by Distribution Channel



  • Store-based


    • Supermarkets and Hypermarkets

    • Specialty Stores

    • Others


  • Non-store based


Global Footwear Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Footwear manufacturers

  • Shoes manufacturers

  • Leather manufacturers

  • Sports footwear manufacturers

  • Formal shoes manufacturers

  • Retailers and wholesalers

  • Traders, exporters, and importers