Footwear includes various types of wearable foot-coverings such as shoes, boots, sandals, and sneakers. Changing fashion trends and growing disposable incomes boosts demand for fashionable and stylish footwear across the world. Rising outdoor activities have also augmented the demand for sports and casual footwear. The recovery in major economies post the COVID-19 pandemic has boosted demand for footwear from both individual consumers as well as institutional sectors like schools and offices. However, the availability of low-cost alternatives from China and Indonesia can pose challenge for high-end brands. Footwear serves both functional and fashion purposes for consumers across diverse climatic zones and cultures. Rapid urbanization, rising disposable incomes, and changing lifestyles have boosted demand for footwear over the last few decades.

Market Dynamics:

Global footwear market growth is driven by growing fashion consciousness among consumers along with rising incomes in developing nations. Rapid urbanization and changing lifestyles have boosted demand for trendy and premium footwear globally. Moreover, growth in the women workforce has augmented demand for professional yet comfortable footwear. However, the market also faces challenges from low-cost alternatives from Asian countries. Rising demand for premium and specialty footwear as consumers seek customized and unique products can offer market growth opportunities. Rising health-consciousness and boom in outdoor activities can drive the market growth. Innovation in designs, materials, and technology can also drive the market growth.

Key Features of the Study:

• This report provides an in-depth analysis of the global footwear market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global footwear market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Nike Inc., Under Armor Inc., Skechers USA Inc., Puma AG, Crocs Inc., Geox SpA, Wolverine Worldwide Inc., Adidas AG, and Timberland.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
• Global footwear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global footwear market.

Detailed Segmentation:

• By Category
  • Athletic Footwear
  • Sports
  • Hiking Shoes
  • Backpacking Boots
  • Non-Athletic Footwear
• By Consumer Group
  • Men
  • Women
  • Kids
• By Retail Distribution
  • Store Based
  • Non-Store
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Global Footwear Market
  • Nike Inc.
  • Under Armor Inc.
  • Skechers USA Inc.
  • Puma AG
  • Crocs Inc.
  • Geox SpA
  • Wolverine Worldwide Inc.
  • Adidas AG
  • Timberland