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Global Footwear Market Bwc19155

Global Footwear Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2015-2025, Segmented By Type (Athletic And Non-Athletic), By Material (Rubber, Leather, And Plastic), By End-User (Male, Female), By Distribution Channel (Online Stores, Supermarkets And Hypermarkets, Independent Retail Stores And Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

  • Published Date: November 2021
  • Report ID: BWC19155
  • Available Format: PDF
  • Page: 195

Report Overview

The growth of the global footwear market is attributed to the transformation of footwear from a necessity to a fashion accessory and availability of a wide range of footwear with various designs, occasions and comfort.

Global Footwear Market- Industry Trends & Forecast Report 2027

The global footwear market was worth USD 364.1 billion in 2020 and is further projected to reach USD 523.1 billion by 2027 growing at a CAGR of 5.4% in the forecast period. The transformation of footwear from a necessity to a fashion accessory and availability of a wide range of footwear with various designs, occasions, and comfort is propelling the growth of the global footwear market. Furthermore, the increasing health concerns among consumers, indoor and outdoor activities, increasing fashion-conscious population, and rising retail culture are anticipated to drive the market in the forecast period.

Global Footwear Market

 

Source: BlueWeave Consulting

Global Footwear Market- Overview

Footwear is a part of the clothing & apparel industry and includes shoes, stilettos, sneakers, luxury footwear, and sporting shoes. When worn in an open environment, footwears protect the feet from injuries and provide support and stability. Footwear also has a direct influence on a person's personality. As footwear has evolved into a fashionable item, they have transcended their basic nature. Shoes, flats, heels, and slippers are generally worn according to the occasion and location to compliment an attire.

Global Footwear Market Forecast and Trends

Growth Drivers

Launch of a Wide Range of Footwear Designs

Fashion footwear has become an essential accessory that can make or break an outfit. New footwear products are constantly being launched with various designs, styles, and types due to the constantly changing fashion trends. One of the major factors driving the global footwear market is the availability of footwear designs to match any occasion or outfit. As an example, Forsake, a leading sneakerboot brand, recently unveiled a new style of sneakerboot for the autumn/winter collection. Such launches favorably contribute to the growth of the market.

Extensive Research and Development Activities

Leading brands invest significantly in research and development activities to push for their ideas about environmental sustainability and the use of alternative eco-friendly raw materials. For instance, KEEN Inc. recently launched its manufacturing method that uses agricultural waste to create plant-based soles without chemical solvents. Furthermore, The Parting Line Design announced a patented one-step molding solution that allows for the creation of hook fields directly into plastic parts, thereby reducing material and labor costs. This presents the global footwear market with new growth opportunities.

Restraints

High Prevalence of Fake and Replica Products

There are many deep fakes of renowned brands, especially in developing countries such as India and China. Among all consumer commodities, shoes are the most counterfeited. Furthermore, even if unlawful products are discovered, it is difficult to track down the illegal manufacturing, distribution, and sales because of the false documentation. The market for counterfeit footwear is enormous since they are comparatively cheaper. This results in losses for footwear brands and negatively affects market growth.

Impact of COVID-19 on the Global Footwear Market

A sudden outbreak of COVID-19 significantly slowed the global footwear market. To curb the spread of the virus, different countries had to impose lockdowns and travel restrictions on movement and operations, which adversely affected the demand and supply of footwear. Because people were confined to their living spaces during the lockdown, they were unable to wear shoes. Outdoor activities such as strolling, going to the gym, and participating in sports were temporarily prohibited. Additionally, retail outlets were closed, and non-essential commodities could not be purchased online. The global footwear market suffered significant losses as a result of this.

Global Footwear Market - By Type

Based on types, the global footwear market is segmented into athletic, and non-athletic. The non-athletic segment accounts for the largest share of the market due to the huge demand for regular wear and daily use, such as at work or other events. Casual footwear such as slippers, flip-flops, and casual shoes provide comfort and are easy to wear. However, the demand for athletic footwear is projected to increase in the forecast period due to increased sports activities and growing awareness regarding physical fitness, especially in developed regions.

Global Footwear Market - By Material

Based on materials, the global footwear market is segmented into leather, rubber, and plastic. Leather holds a significant market share due to its many benefits, including its elasticity, tearproof, abrasion resistance, heat insulation, and durability. In addition to its sturdiness and temperature-regulating functions, leather lends shoes a sophisticated appearance. Moreover, companies are constantly launching innovative products to attract customers. For instance, Hugo Boss introduced vegan pineapple leather shoes for men in 2019 in response to a growing demand for cruelty-free footwear.

Global Footwear Market - Regional Insights

Geographically, the global footwear market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. The Asia-Pacific region dominates the global footwear market due to its high population base and a large pool of skilled laborers. With regard to the footwear market, China is expected to hold the largest production share, followed by India. North America, however, is projected to witness a substantial growth rate due to the changing lifestyle and the high number of sports and recreational activities compared to the East.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global footwear market are Nike Inc. Adidas, SKECHERS USA, Inc., Reebok, Gucci, Crocs Retail, Inc., Timberland Company, Genesco Inc., Wolverine Worldwide Inc., K-swiss, Air Jordans, ECCO Sko A/S, PUMA, GEOX S.p.A, Under Armour, INC., New Balance Inc., Asics Corporation, Bata Ltd, Fila, and other prominent players.

Adidas, Nike, Fila, and other leading footwear brands are dominant in the market. Despite this, there are still many opportunities for new players to enter the market with new products and designs that will appeal to consumers. The most prominent market players invest heavily in research and development activities as well as new product launches to gain a competitive edge. The market is also characterized by the adoption of competitive strategies, such as partnerships, mergers, acquisitions, collaborations, etc.

Recent Developments

  • In November 2021, Mitchell & Ness, a US-based athletic wear company, announced the relaunch of the Hood Rubber Company, a heritage footwear brand that left the market more than 40 years ago.
  • In November 2021, JD Sports, a UK-based sportswear giant, announced its plan to expand its business in the US by opening its first store in Toronto.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Material, By Distribution Channel, By End-User, By Region

Key Players

Nike Inc. Adidas, SKECHERS USA, Inc., Reebok, Gucci, Crocs Retail, Inc., Timberland Company, Genesco Inc., Wolverine Worldwide Inc., K-swiss, Air Jordans, ECCO Sko A/S, PUMA, GEOX S.p.A, Under Armour, INC., New Balance Inc., Asics Corporation, Bata Ltd, Fila, and other prominent players.

 

By Type

  • Athletic
  • Non-Athletic

By Material

  • Leather
  • Rubber
  • Plastic

By Distribution Channel

  • Independent Retail Stores
  • Supermarkets/Hypermarkets
  • Online Stores

By End-User

  • Male
  • Female
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Launch of Wide Range of Footwear Design
        2. Extensive Research and Development Activities
      2. Market Restraints
        1. High Presence of Fake And Duplicate Products Of Known Brands
      3. Market Challenges
        1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
        1. Growing Sustainability In Footwear Industry
        2. Expanding Penetration Of Online Sales Channels
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Footwear Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type
        1. Athletic
        2. Non-Athletic
      2. By Material
        1. Leather
        2. Rubber
        3. Plastic
      3. By Distribution Channel
        1. Independent Retail Stores
        2. Supermarkets/Hypermarkets
        3. Online Stores
      4. By End-User
        1. Male
        2. Female
        3. Others
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Footwear Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Material
      3. By Distribution Channel
      4. By End-User
      5. By Country
        1. U.S.
        2. Canada
  7. Europe Footwear Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Material
      3. By Distribution Channel
      4. By End-User
      5. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Footwear Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Material
      3. By Distribution Channel
      4. By End-User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Footwear Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Material
      3. By Distribution Channel
      4. By End-User
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Footwear Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By Material
    5. By Distribution Channel
    6. By End-User
    7. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Footwear Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Nike Inc.
    2. Adidas
    3. SKECHERS USA, Inc.
    4. Reebok
    5. Gucci
    6. Crocs Retail, Inc.
    7. Timberland Company
    8. Genesco Inc.
    9. Wolverine Worldwide Inc.
    10. K-swiss
    11. Air Jordans
    12. ECCO Sko A/S
    13. PUMA
    14. GEOX S.p.A
    15. Under Armour, INC.
    16. New Balance Inc.
    17. Asics Corporation
    18. Bata Ltd
    19. Fila
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global Footwear Market Segmentation

 

Figure 2: Global Footwear Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 6: Global Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 7: Global Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 8: Global Footwear Market Share (%), By End-User, By Value, 2017-2027

 

Figure 9: Global Footwear Market Share (%), By Region, By Value, 2017-2027

 

Figure 10: North America Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 11: North America Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 12: North America Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 13: North America Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 14: North America Footwear Market Share (%), By End-User, By Value, 2017-2027

 

Figure 15: North America Footwear Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: Europe Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 17: Europe Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 18: Europe Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 19: Europe Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 20: Europe Footwear Market Share (%), by End-User, By Value, 2017-2027

 

Figure 21: Europe Footwear Market Share (%), By Country, By Value, 2017-2027

 

Figure 22: Asia-Pacific Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 23: Asia-Pacific Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 24: Asia-Pacific Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 25: Asia-Pacific Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 26: Asia-Pacific Footwear Market Share (%), By End-User, By Value, 2017-2027

 

Figure 27: Asia-Pacific Footwear Market Share (%), By Country, By Value, 2017-2027

 

Figure 28: Latin America Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 29: Latin America Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 30: Latin America Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 31: Latin America Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 32: Latin America Footwear Market Share (%), By End-User, By Value, 2017-2027

 

Figure 33: Latin America Footwear Market Share (%), By Country, By Value, 2017-2027

 

Figure 34: Middle East & Africa Footwear Market Size, By Value (USD Billion), 2017-2027

 

Figure 35: Middle East & Africa Footwear Market Share (%), By Type, By Value, 2017-2027

 

Figure 36: Middle East & Africa Footwear Market Share (%), By Material, By Value, 2017-2027

 

Figure 37: Middle East & Africa Footwear Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 38: Middle East & Africa Footwear Market Share (%), By End-User, By Value, 2017-2027

 

Figure 39: Middle East & Africa Footwear Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Global Footwear Market Size, By Type, By Value, 2017-2027

 

Table 2: Global Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 3: Global Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 4: Global Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 5: Global Footwear Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 6: North America Footwear Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 7: North America Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 8: North America Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 9: North America Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027,

 

Table 10: Europe Footwear Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 11: Europe Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 12: Europe Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 13: Europe Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 14: the Asia-Pacific Footwear Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 15: the Asia-Pacific Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 16: the Asia-Pacific Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 18: Latin America Footwear Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 19: Latin America Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 20: Latin America Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 21: Latin America Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 22: The Middle-East & Africa Footwear Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 23: The Middle-East & Africa Footwear Market Size, By Material, By Value (USD Billion), 2017-2027

 

Table 24: The Middle-East & Africa Footwear Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 25: The Middle-East & Africa Footwear Market Size, By End-User, By Value (USD Billion), 2017-2027

 

 

Table 26: Nike Inc. Financial Analysis

Table 27: Nike Inc. Business Overview

Table 28: Adidas Financial Analysis

Table 29: Adidas Business Overview

Table 30: SKECHERS USA, Inc. Corporation Financial Analysis

Table 31: SKECHERS USA, Inc. Corporation Business Overview

Table 32: Reebok Financial Analysis

Table 33: Reebok Business Overview

Table 34: Gucci Financial Analysis

Table 35: Gucci Business Overview

Table 36: Crocs Retail, Inc. Financial Analysis

Table 37: Crocs Retail, Inc. Business Overview

Table 38: Timberland Company Financial Analysis

Table 39: Timberland Company Business Overview

Table 40: Genesco Inc. Financial Analysis

Table 41: Genesco Inc. Business Overview

Table 42: Wolverine Worldwide Inc. Financial Analysis

Table 43: Wolverine Worldwide Inc. Business Overview

Table 44: K-swiss Financial Analysis

Table 45: K-swiss Business Overview

Table 46: Air Jordans Financial Analysis

Table 47: Air Jordans Financial Analysis

Table 48: ECCO Sko A/S Financial Analysis

Table 49: ECCO Sko A/S Business Overview

Table 50: PUMA Financial Analysis

Table 51: PUMA Business Overview

Table 52: GEOX S.p.A Financial Analysis

Table 53: GEOX S.p.A Business Overview

Table 54: Under Armour, INC. Financial Analysis

Table 55: Under Armour, INC. Business Overview

Table 56: New Balance Inc. Financial Analysis

Table 57: New Balance Inc. Business Overview

Table 58: Asics Corporation Financial Analysis

Table 59: Asics Corporation Business Overview

Table 60: Bata Ltd Financial Analysis

Table 61: Bata Ltd Business Overview

Table 62: Fila Financial Analysis

Table 63: Fila Business Overview

 

Market Segmentation

By Type

  • Athletic
  • Non-Athletic

By Material

  • Leather
  • Rubber
  • Plastic

By Distribution Channel

  • Independent Retail Stores
  • Supermarkets/Hypermarkets
  • Online Stores

By End-User

  • Male
  • Female
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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