Footwear Market Size, Share, Growth Factors, Industry Trends, Leading Companies, Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global footwear market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the footwear market?

Report Attributes Details
Market Size in 2022 US$ 234.5 Billion
Market Forecast in 2028 US$ 314.2 Billion
Growth rate (2023 to 2028) CAGR of 3.9%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Footwear?

Footwear is a type of clothing that is worn on the feet for protection and comfort while walking, running, or performing various activities. It includes a wide variety of footwear, such as shoes, boots, sandals, and sneakers, made from different materials, including leather, rubber, and textiles. Footwear serves several purposes, such as protecting the feet from injury, providing support and cushioning, and enhancing the appearance of the wearer.

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What are the growth prospects and trends in the footwear industry?

The rising demand for fashionable and comfortable footwear among consumers represents one of the significant factors driving the market growth across the globe. In addition to this, the increasing disposable income of consumers, coupled with the rising popularity of e-commerce platforms for buying footwear is contributing to the growth of the market. This is primarily attributed to the increasing availability of footwear through online platforms at affordable costs and with attractive discounts. In line with this, the increasing demand for footwear that is not only comfortable but also stylish is driving the demand for innovative and trendy designs. Apart from this, the increasing popularity of athletic footwear and the growing awareness about the importance of daily fitness regime is also driving the demand for sports shoes and other such footwear products. Other factors, such as rising fashion trends and innovations in materials and manufacturing techniques, are creating a positive outlook for the market.

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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

What is included in market segmentation?

The report has segmented the market into the following categories:

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:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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