NEW YORK, July 11, 2023 /PRNewswire/ — The footwear market size is set to grow by USD 133.09 billion from 2022 to 2027 and register a CAGR of 5.69%, according to Technavio’s latest market research report estimates. Some of the major vendors of the footwear market include Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana Srl, ECCO USA Inc., FILA Holdings Corp., GEOX Spa, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Moet Hennessy Louis Vuitton SE, New Balance Athletics Inc, Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., and Wolverine World Wide Inc. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the footwear market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

Vendor Offerings

Burberry Group Plc – The company offers footwear such as logo-printed suede sneakers.
Dolce and Gabbana Srl – The company offers footwear such as marabou sandals.
ECCO USA Inc – The company offers footwear such as retro sneakers.

The report also covers the following areas:

Footwear Market 2023-2027: Segmentation

  • Product 
    • Non-athletic Footwear
    • Athletic Footwear
  • End-user 
  • Distribution Channel 
  • Geography 
    • APAC
    • North America
    • Europe
    • South America
    • Middle East And Africa

The market share growth by the non-athletic footwear segment will be significant during the forecast period. In the global footwear market, the non-athletic footwear segment is the largest product segment. This segment includes the casual, fashion, and formal/work footwear categories. The major aspect generating the demand for non-athletic footwear include the increasing consumer fashion consciousness and the growing adoption of trendy shoes in the men and children segments. Furthermore, due to the availability of top-quality footwear products at low prices, the demand for private-label footwear brands is rising. Also, non-athletic footwear experiencing a high demand as numerous customers choose to buy multiple pairs of non-athletic footwear to be worn on various occasions and for different purposes. Moreover, such kind of trend is seen among all age groups, and it is comparatively high among Generation Z and Millennials. The availability of comfortable and trendy non-athletic footwear is anticipated to boost the growth of this segment during the forecast period.

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Key factor driving market growth- Design and material innovations leading to product premiumization are the major factor notably driving the global footwear market growth. Due to market competition and evolving customer demand because of continuous changes in the fashion industry, vendors are constantly innovating and introducing new patterns and designs in footwear. Customers strive for footwear, particularly leather footwear, for formal wear and casual footwear, such as sports or canvas shoes. Consequently, the vendors regularly develop their brand and product lines. However, the demand for premium leather footwear, which is designed and decorated with hard metals such as gold and silver and studded with precious stones such as diamonds, is high. Thus, vendors are introducing footwear that is designed and decorated with gold and silver. Most footwear products that are made of metal and precious stones are usually customized according to the requirements of the customer. Therefore, the use of metal and precious stones and product personalization leads to product premiumization. With the growing demand for personalized footwear products, the sports footwear market will witness high growth during the forecast period.

Major Trends- The increasing demand for customized footwear is an emerging trend shaping the growth of the footwear market.

Significant Challenge- The rising labor costs and fluctuating raw material prices are major challenges hindering market growth. 

Footwear Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will assist footwear market growth during the next five years
  • Estimation of the footwear market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behaviour
  • The growth of the footwear market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of footwear market vendors

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Footwear Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.69%

Market growth 2023-2027

USD 133.09 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, UK, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana Srl, ECCO USA Inc., FILA Holdings Corp., GEOX Spa, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Moet Hennessy Louis Vuitton SE, New Balance Athletics Inc, Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., and Wolverine World Wide Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 14: Market segments
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 15: Chart on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global footwear market 2017 – 2021 
    • Exhibit 19: Historic Market Size – Data Table on Global footwear market 2017 – 2021 ($ billion)
  • 4.2 Product Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ billion)
  • 4.3 End-user Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
  • 4.4 Distribution channel Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Distribution channel Segment 2017 – 2021 ($ billion)
  • 4.5 Geography Segment Analysis 2017 – 2021
    • Exhibit 23: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
  • 4.6 Country Segment Analysis 2017 – 2021
    • Exhibit 24: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 25: Five forces analysis – Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 31: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 32: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 33: Data Table on Product – Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 34: Chart on Comparison by Product
    • Exhibit 35: Data Table on Comparison by Product
  • 6.3 Non-athletic footwear – Market size and forecast 2022-2027 
    • Exhibit 36: Chart on Non-athletic footwear – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 37: Data Table on Non-athletic footwear – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 38: Chart on Non-athletic footwear – Year-over-year growth 2022-2027 (%)
    • Exhibit 39: Data Table on Non-athletic footwear – Year-over-year growth 2022-2027 (%)
  • 6.4 Athletic footwear – Market size and forecast 2022-2027 
    • Exhibit 40: Chart on Athletic footwear – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 41: Data Table on Athletic footwear – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 42: Chart on Athletic footwear – Year-over-year growth 2022-2027 (%)
    • Exhibit 43: Data Table on Athletic footwear – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Product 
    • Exhibit 44: Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

  • 7.1 Market segments 
    • Exhibit 45: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 46: Data Table on End-user – Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 47: Chart on Comparison by End-user
    • Exhibit 48: Data Table on Comparison by End-user
  • 7.3 Women – Market size and forecast 2022-2027
    • Exhibit 49: Chart on Women – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 50: Data Table on Women – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 51: Chart on Women – Year-over-year growth 2022-2027 (%)
    • Exhibit 52: Data Table on Women – Year-over-year growth 2022-2027 (%)
  • 7.4 Men – Market size and forecast 2022-2027
    • Exhibit 53: Chart on Men – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 54: Data Table on Men – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 55: Chart on Men – Year-over-year growth 2022-2027 (%)
    • Exhibit 56: Data Table on Men – Year-over-year growth 2022-2027 (%)
  • 7.5 Children – Market size and forecast 2022-2027
    • Exhibit 57: Chart on Children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 58: Data Table on Children – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 59: Chart on Children – Year-over-year growth 2022-2027 (%)
    • Exhibit 60: Data Table on Children – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by End-user 
    • Exhibit 61: Market opportunity by End-user ($ billion)

8 Market Segmentation by Distribution Channel

  • 8.1 Market segments 
    • Exhibit 62: Chart on Distribution Channel – Market share 2022-2027 (%)
    • Exhibit 63: Data Table on Distribution Channel – Market share 2022-2027 (%)
  • 8.2 Comparison by Distribution Channel 
    • Exhibit 64: Chart on Comparison by Distribution Channel
    • Exhibit 65: Data Table on Comparison by Distribution Channel
  • 8.3 Offline – Market size and forecast 2022-2027
    • Exhibit 66: Chart on Offline – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 68: Chart on Offline – Year-over-year growth 2022-2027 (%)
    • Exhibit 69: Data Table on Offline – Year-over-year growth 2022-2027 (%)
  • 8.4 Online – Market size and forecast 2022-2027
    • Exhibit 70: Chart on Online – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 72: Chart on Online – Year-over-year growth 2022-2027 (%)
    • Exhibit 73: Data Table on Online – Year-over-year growth 2022-2027 (%)
  • 8.5 Market opportunity by Distribution Channel
    • Exhibit 74: Market opportunity by Distribution Channel ($ billion)

9 Customer Landscape

  • 9.1 Customer landscape overview 
    • Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

  • 10.1 Geographic segmentation 
    • Exhibit 76: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 77: Data Table on Market share by geography 2022-2027 (%)
  • 10.2 Geographic comparison 
    • Exhibit 78: Chart on Geographic comparison
    • Exhibit 79: Data Table on Geographic comparison
  • 10.3 APAC – Market size and forecast 2022-2027
    • Exhibit 80: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 81: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 83: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 10.4 North America – Market size and forecast 2022-2027
    • Exhibit 84: Chart on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 85: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 87: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 10.5 Europe – Market size and forecast 2022-2027
    • Exhibit 88: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 89: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 91: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 10.6 South America – Market size and forecast 2022-2027
    • Exhibit 92: Chart on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 93: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 95: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 10.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 96: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 97: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 99: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 10.8 US – Market size and forecast 2022-2027
    • Exhibit 100: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 101: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 103: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 10.9 China – Market size and forecast 2022-2027
    • Exhibit 104: Chart on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 105: Data Table on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 107: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 10.10 UK – Market size and forecast 2022-2027
    • Exhibit 108: Chart on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 109: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 110: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 111: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 10.11 Germany – Market size and forecast 2022-2027
    • Exhibit 112: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 113: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 114: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 115: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 10.12 France – Market size and forecast 2022-2027
    • Exhibit 116: Chart on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 117: Data Table on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 118: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 119: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 10.13 Market opportunity by geography 
    • Exhibit 120: Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Trends

  • 11.3 Impact of drivers and challenges 
    • Exhibit 121: Impact of drivers and challenges in 2022 and 2027

12 Vendor Landscape

  • 12.2 Vendor landscape 
    • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
  • 12.3 Landscape disruption 
    • Exhibit 123: Overview on factors of disruption
  • 12.4 Industry risks 
    • Exhibit 124: Impact of key risks on business

13 Vendor Analysis

  • 13.1 Vendors covered 
    • Exhibit 125: Vendors covered
  • 13.2 Market positioning of vendors 
    • Exhibit 126: Matrix on vendor position and classification
  • 13.3 Adidas AG 
    • Exhibit 127: Adidas AG – Overview
    • Exhibit 128: Adidas AG – Key offerings
  • 13.4 ASICS Corp. 
    • Exhibit 129: ASICS Corp. – Overview
    • Exhibit 130: ASICS Corp. – Business segments
    • Exhibit 131: ASICS Corp. – Key offerings
    • Exhibit 132: ASICS Corp. – Segment focus
  • 13.5 Brooks Sports Inc. 
    • Exhibit 133: Brooks Sports Inc. – Overview
    • Exhibit 134: Brooks Sports Inc. – Product / Service
    • Exhibit 135: Brooks Sports Inc. – Key offerings
  • 13.6 Burberry Group Plc 
    • Exhibit 136: Burberry Group Plc – Overview
    • Exhibit 137: Burberry Group Plc – Business segments
    • Exhibit 138: Burberry Group Plc – Key offerings
    • Exhibit 139: Burberry Group Plc – Segment focus
  • 13.7 Dolce and Gabbana Srl 
    • Exhibit 140: Dolce and Gabbana Srl – Overview
    • Exhibit 141: Dolce and Gabbana Srl – Product / Service
    • Exhibit 142: Dolce and Gabbana Srl – Key offerings
  • 13.8 ECCO USA Inc. 
    • Exhibit 143: ECCO USA Inc. – Overview
    • Exhibit 144: ECCO USA Inc. – Product / Service
    • Exhibit 145: ECCO USA Inc. – Key offerings
  • 13.9 FILA Holdings Corp. 
    • Exhibit 146: FILA Holdings Corp. – Overview
    • Exhibit 147: FILA Holdings Corp. – Business segments
    • Exhibit 148: FILA Holdings Corp. – Key offerings
    • Exhibit 149: FILA Holdings Corp. – Segment focus
  • 13.10 GEOX Spa 
    • Exhibit 150: GEOX Spa – Overview
    • Exhibit 151: GEOX Spa – Business segments
    • Exhibit 152: GEOX Spa – Key offerings
    • Exhibit 153: GEOX Spa – Segment focus
  • 13.11 Hermes International SA 
    • Exhibit 154: Hermes International SA – Overview
    • Exhibit 155: Hermes International SA – Business segments
    • Exhibit 156: Hermes International SA – Key offerings
    • Exhibit 157: Hermes International SA – Segment focus
  • 13.12 Kering SA 
    • Exhibit 158: Kering SA – Overview
    • Exhibit 159: Kering SA – Business segments
    • Exhibit 160: Kering SA – Key offerings
    • Exhibit 161: Kering SA – Segment focus
  • 13.13 Li Ning Co. Ltd. 
    • Exhibit 162: Li Ning Co. Ltd. – Overview
    • Exhibit 163: Li Ning Co. Ltd. – Product / Service
    • Exhibit 164: Li Ning Co. Ltd. – Key news
    • Exhibit 165: Li Ning Co. Ltd. – Key offerings
  • 13.14 LVMH Moet Hennessy Louis Vuitton SE
    • Exhibit 166: LVMH Moet Hennessy Louis Vuitton SE – Overview
    • Exhibit 167: LVMH Moet Hennessy Louis Vuitton SE – Business segments
    • Exhibit 168: LVMH Moet Hennessy Louis Vuitton SE – Key news
    • Exhibit 169: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
    • Exhibit 170: LVMH Moet Hennessy Louis Vuitton SE – Segment focus
  • 13.15 New Balance Athletics Inc 
    • Exhibit 171: New Balance Athletics Inc – Overview
    • Exhibit 172: New Balance Athletics Inc – Product / Service
    • Exhibit 173: New Balance Athletics Inc – Key offerings
  • 13.16 Nike Inc. 
    • Exhibit 174: Nike Inc. – Overview
    • Exhibit 175: Nike Inc. – Business segments
    • Exhibit 176: Nike Inc. – Key news
    • Exhibit 177: Nike Inc. – Key offerings
    • Exhibit 178: Nike Inc. – Segment focus
  • 13.17 VALENTINO Spa 
    • Exhibit 179: VALENTINO Spa – Overview
    • Exhibit 180: VALENTINO Spa – Product / Service
    • Exhibit 181: VALENTINO Spa – Key offerings

14 Appendix

  • 14.1 Scope of the report 
  • 14.2 Inclusions and exclusions checklist
    • Exhibit 182: Inclusions checklist
    • Exhibit 183: Exclusions checklist
  • 14.3 Currency conversion rates for US$ 
    • Exhibit 184: Currency conversion rates for US$
  • 14.4 Research methodology 
    • Exhibit 185: Research methodology
    • Exhibit 186: Validation techniques employed for market sizing
    • Exhibit 187: Information sources
  • 14.5 List of abbreviations 
    • Exhibit 188: List of abbreviations

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