Footwear Market Size, Share & Trends Report

Footwear Market Size, Share & Trends Analysis Report By Type (Athletic, Non Athletic), By End User (Men, Women, Children), By Region (North America, MEA, APAC, Europe, Central & South America), And Segment Forecasts, 2019 - 2025

  • Published Date: Aug, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-396-6
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 110

Industry Insights

The global footwear market size was estimated at USD 207.6 billion in 2018 and is expected to register a CAGR of 3.8% from 2019 to 2025. The market growth is primarily attributed to high demand for convenient and comfortable footwear. Moreover, companies are focusing on a few key parameters, such as innovative designs, product developments, and advanced technical fabrications, to boost the product sales.

Leather shoes are considered as premium product and occupy a significant share of the market. Rapidly expanding e-commerce industry is also expected to be one of the key drivers of the global market. Convenient and hassle-free shopping boosts the growth of the online distribution channel segment. Moreover, consumers can compare different products and brands on e-commerce platforms.

U.S. footwear Market

Major brands, such as Lee Cooper, Adidas America, Inc., and PUMA, are strengthening their presence in e-commerce sector by engaging customers through social media platforms. Asia Pacific is projected to be the fastest-growing, as well as largest, regional market from2019 to 2025. This growth is attributed to rising consumer disposable income levels in emerging nations.

Strong presence of key companies in the region will boost the market growth further. Moreover, China, India, and Vietnam are the three largest footwear manufacturers in the region. Prominent companies are relocating as well as setting up new factories in Indonesia and Vietnam due to potential growth opportunities. This is also likely to contribute to the growth of the market in Asia Pacific.

Type Insights

On the basis of type, the market has been segmented into athletic and non-athletic footwear. Growing awareness about health and fitness is resulting in an increasing demand for athletic footwear. Thus, athletic segment is expected to register the fastest CAGR of 4.4% from 2019 to 2025. Moreover, rising popularity of global sporting events, such as The Commonwealth Games, Olympics, and FIFA, has a positive impact on the product demand. Companies launch sports-specific products to increase their customer base. For instance, PUMA launched a graphic concept, lightweight football boot, evoSPEED 1.3 Graphic.

Non-athletic products are estimated to account for the largest revenue share of the market by 2025 due to availability of a variety of products in this segment, such as printed shoes and brogues. In addition, some companies offer customized footwear to meet the increasing consumer demand, which is likely to support segment growth. Bright Idea Design Studio, Inc., Explicit Shoes Inc., and Simply Feet are some of the major U.S.-based customized footwear suppliers.

End User Insights

On the basis of end user, the footwear market is divided into men, women, and children categories. The men end user segment accounted for the largest market share in 2018 and will retain the dominant position over the forecast years. The major factors driving the segment are increasing spending on fashion and apparels.

Global footwear Market

However, women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025 due to rising number of working individuals across the globe. Moreover, increased consumer disposable income levels and improved standards of living, especially in emerging markets of Asia Pacific will boost the segment growth further.

Regional Insights

Asia Pacific was the largest regional market in 2018 and will expand further at the highest CAGR from 2019 to 2025. This mainly due to high demand for stylish and comfortable footwear. Moreover, increasing. In addition, changing consumer behavior and rising disposable income levels, especially in developing countries like China and India, are expected to propel the market growth. Presence of prominent manufacturers in these countries will fuel the growth further. Europe is projected to be the second largest market over the forecast period owing to high consumer purchasing power and expenditure on personal grooming and appearance.

Footwear Market Share Insights

Some of the major companies in this market are Nike, Inc.; Adidas America, Inc.; PUMA; Geox S.p.A.; Timberland; Skechers USA, Inc.; Ecco Sko A/S; Crocs Retail, Inc.; Under Armour Inc.; and Wolverine World Wide, Inc. The market participants focus more on product differentiation and product development to gain competitive advantage. For instance, ASICS Corp. introduced a shoe GEL cushioning system and flexible digital printed nylon mesh, Gel-Kenun Shinkai. In 2016, Lotto Sport Italia S.p.A. released EVERIDE II made with polymer compound of a particular density.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., U.K., China, India, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments
Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global footwear market report on the basis of type, end user, and region:

  • Type Outlook (Revenue, USD Billion, 2015 - 2025)

    • Athletic

    • Non athletic

  • End User Outlook (Revenue, USD Billion, 2015 - 2025)

    • Women

    • Men

    • Children

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $2,450
Multi User (2-5) - $5,450
Enterprise Access - $9,450

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified