Global Footwear Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Athletic Footwear( Running Shoes, Sports Shoes, Trekking/Hiking Shoes, Other Athletic Footwear Types ), and Non-Athletic Footwear( Boots, Flip-Flops/Slippers, Sneakers, Other Non-Athletic Footwear ).

By Outlook;

Men, Women, and Children.

By Distribution Channel;

Offline Retail Stores and Online Retail Stores.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn323366682 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Footwear Market (USD Million), 2021 - 2031

In the year 2024, the Global Footwear Market was valued at USD 413,638.01 million. The size of this market is expected to increase to USD 559,144.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

The global footwear market is expanding due to growing e-commerce sales, significant advertising investments by footwear brands, and increasing demand for athletic footwear. Additionally, rising instances of lifestyle-related health issues are driving more people to participate in sports and fitness activities, increasing demand for comfortable and stylish footwear.The global market is witnessing an increasing demand for sustainable footwear. Approximately 20 billion pairs of shoes are produced annually, with about 300 billion discarded in landfills, mostly composed of non-biodegradable materials. The rise of sustainable materials and brands, such as Nike Grind by Nike, demonstrates a commitment to integrating sustainability into their products.

The footwear industry, labor-intensive and influenced by factors like land resources, labor costs, and material supply, sees a global shift towards lower-cost countries for profit maximization. Japan, Taiwan, India, and China emerge as lucrative footwear markets amidst this movement of global shoemaking bases by major consumer markets, manufacturers, wholesalers, and retailers.According to the World Footwear Yearbook 2021, despite initial predictions of a drastic decline, the footwear industry performed better than expected in 2020. While production and exports dropped by 15.8% and 19% respectively, the global consumption decline, particularly in developed regions, was not as severe as anticipated due to better conditions in Asia and less developed countries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Outlook
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Footwear Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Athleisure Footwear
        2. Brands Implementing Robust Marketing Strategies

      2. Restraints
        1. Widespread Availability of Counterfeit Items
        2. Changing Consumer Preferences
      3. Opportunities
        1. Increasing Interest in Eco-Friendly Footwear
        2. Recent innovations have Introduced New Features and Designs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Footwear Market, By Type, 2021 - 2031 (USD Million)
      1. Athletic Footwear
        1. Running Shoes
        2. Sports Shoes
        3. Trekking/Hiking Shoes
        4. Others
      2. Non-athletic Footwear
        1. Boots
        2. Flip-Flops/Slippers
        3. Sneakers
        4. Others
      3. Global Footwear Market, By Type, 2021 - 2031 (USD Million)
        1. Men
        2. Women
        3. Children
    2. Global Footwear Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline Retail Stores
      2. Online Retail Stores
    3. Global Footwear Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. Canada
        2. United States
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Adidas AG
      2. ASICS Corp.
      3. Burberry Group Plc
      4. New Balance Athletics, Inc.
      5. Nike Inc.
      6. PUMA SE
      7. Skechers USA Inc.
      8. Under Armour Inc.
      9. VF Corp.
      10. Wolverine World Wide Inc.
  7. Analyst Views
  8. Future Outlook of the Market