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).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.
Global Footwear Market Recent Developments
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In September 2023, Puma SA announced an exciting partnership with pop sensation Rihanna, introducing their latest athletic footwear and sportswear collection under the exclusive Fenty Puma line. The highlight of the collection is a football-inspired shoe crafted from luxurious vintage leather, featuring avant-garde design elements inspired by football trends.
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In September 2022, Asics Corporation launched the Novablast 3, an innovative addition to their footwear range. Featuring a bold geometric Origami design, these shoes incorporate Asics' advanced technology to provide a distinctive cushioning experience, ensuring a responsive and dynamic running experience for users.
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In September 2023, Nike Inc. unveiled the long-awaited Luka 2 basketball shoe collection. These advanced products incorporate a full-length Formula 23 foam for superior cushioning and boast an innovative Isoplate foot frame for enhanced support. Notably, 20% of the materials used in their eco-conscious manufacturing process are recycled, demonstrating Nike's dedication to sustainability.
Segment Analysis
The footwear market can be segmented based on type, outlook, distribution channel, and geography, each playing a crucial role in defining consumer preferences and industry trends.In terms of type, the market is broadly categorized into athletic and non-athletic footwear. Athletic footwear includes running shoes, sports shoes, trekking/hiking shoes, and other types designed for physical activities. The growing emphasis on fitness and an active lifestyle has fueled the demand for running and sports shoes, particularly among younger consumers and athletes. Trekking and hiking shoes have also witnessed increased popularity due to the rising interest in outdoor activities and adventure tourism. On the other hand, non-athletic footwear comprises boots, flip-flops/slippers, sneakers, and other casual or formal footwear. The demand for these products is driven by fashion trends, seasonal variations, and consumer preferences for comfort and style. Sneakers, in particular, have gained significant traction as both casual and lifestyle footwear, blurring the lines between athletic and non-athletic categories.
The market outlook varies across different consumer demographics, including men, women, and children. The men's segment holds a substantial share of the market due to their consistent demand for both formal and casual footwear. Women's footwear has seen rapid expansion, driven by an increasing variety of stylish and trendy designs catering to different occasions. The children's footwear segment is also growing steadily, fueled by the rising population, changing fashion trends, and parents' willingness to invest in high-quality, durable footwear for their children.
Distribution channels play a critical role in the accessibility and availability of footwear products. Offline retail stores, including brand outlets, department stores, and specialty footwear stores, remain a dominant channel due to the preference for trying on footwear before purchasing. However, online retail stores are experiencing significant growth, driven by the convenience of e-commerce platforms, wider product availability, discounts, and home delivery services. The rapid digital transformation and increasing smartphone penetration have further accelerated the shift toward online shopping.
Geographically, the footwear market exhibits diverse trends across different regions. North America and Europe are mature markets with strong demand for premium and branded footwear. The Asia Pacific region is witnessing rapid growth, driven by rising disposable incomes, urbanization, and changing fashion preferences, particularly in countries like China and India. The Middle East & Africa and Latin America are also emerging as potential markets, with increasing consumer spending on fashion and lifestyle products. These regions present growth opportunities for both international and domestic footwear brands aiming to expand their presence.
Global Footwear Segment Analysis
In this report, the global footwear market has been segmented by Type, Outlook, Distribution Channel, and Geography.
Global Footwear Market, Segmentation by Type
The Global Footwear Market has been segmented by Type into Athletic Footwear and Non-athletic Footwear.
The athletic segment is projected to grow at a rapid 5.0% CAGR during the forecast period. Athletic shoes are favored by individuals engaged in outdoor activities like running, gymming, and sports such as basketball and volleyball. Offering comfort, flexibility, and traction, these shoes meet the demands of both professional athletes and fitness enthusiasts. Increasing participation in physical activities globally is a key driver of this segment's growth.In 2022, the non-athletic footwear segment held the highest contribution at 65.7%, a trend expected to persist in the forecast period. This category includes flats, heels, mules, sandals, sneakers, and boots suitable for various occasions. Numerous niche, mainstream, and designer brands globally contribute to this segment, driven by increasing consumer preference for eco-friendly options like sustainable sneakers. Efforts to reduce water and plastic usage further propel demand for non-athletic footwear. Athletic footwear includes running shoes, sports shoes, trekking/hiking shoes, and other types designed for physical activities. The growing emphasis on fitness and an active lifestyle has fueled the demand for running and sports shoes, particularly among younger consumers and athletes. Trekking and hiking shoes have also witnessed increased popularity due to the rising interest in outdoor activities and adventure tourism. On the other hand, non-athletic footwear comprises boots, flip-flops/slippers, sneakers, and other casual or formal footwear. The demand for these products is driven by fashion trends, seasonal variations, and consumer preferences for comfort and style. Sneakers, in particular, have gained significant traction as both casual and lifestyle footwear, blurring the lines between athletic and non-athletic categories.
Global Footwear Market, Segmentation by Outlook
In this report, the Global Footwear Market has been segmented by Outlook into Men, Women, and Children.
The market outlook varies across different consumer demographics, including men, women, and children. The men's segment holds a substantial share of the market due to their consistent demand for both formal and casual footwear. Women's footwear has seen rapid expansion, driven by an increasing variety of stylish and trendy designs catering to different occasions. The children's footwear segment is also growing steadily, fueled by the rising population, changing fashion trends, and parents' willingness to invest in high-quality, durable footwear for their children.
Global Footwear Market, Segmentation by Distribution Channel
The Global Footwear Market has been segmented by Distribution Channel into Offline Retail Stores, and Online Retail Stores.
In 2022, the offline distribution channel dominated the market, but e-commerce is projected to grow rapidly at 6.1% CAGR. Offline channels offer diverse product portfolios and are accessible globally. They provide niche products and lucrative opportunities for footwear market expansion. Manufacturers' discounts drive sales, encouraging supermarkets to enter the footwear market, further enhancing global market opportunities.
Distribution channels play a critical role in the accessibility and availability of footwear products. Offline retail stores, including brand outlets, department stores, and specialty footwear stores, remain a dominant channel due to the preference for trying on footwear before purchasing. However, online retail stores are experiencing significant growth, driven by the convenience of e-commerce platforms, wider product availability, discounts, and home delivery services. The rapid digital transformation and increasing smartphone penetration have further accelerated the shift toward online shopping.
Global Footwear Market, Segmentation by Geography
In this report, the Global Footwear Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Footwear Market Share (%), by Geographical Region, 2023
Asia Pacific commanded a 39.6% share in 2022, expected to persist. The labor-intensive footwear industry is influenced by factors like land, labor costs, and market demand. To maximize profits, global players are relocating production to lower-cost countries like Japan, Taiwan, India, and China. Improved living standards and disposable incomes in these regions accelerate footwear demand.
North America is forecasted to grow at a 3.4% CAGR due to its major footwear manufacturers. Americans consistently purchase footwear, prompting significant investments in quality and timely delivery by these firms. The resilient supply chain and increasing demand for stylish, comfortable footwear, driven by sports like football and basketball, present strong growth opportunities in the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Footwear Market. These factors include; Market Drivers, Restraints and Opportunities
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising Demand for Athleisure Footwear
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Brands Implementing Robust Marketing Strategies - Brands acknowledge the significance of effectively engaging consumers and delivering exceptional experiences at every interaction. Robust marketing strategies prioritize understanding consumer preferences, behavior, and feedback to customize offerings and communications. Utilizing technologies like CRM systems, social media analytics, and customer feedback platforms enables brands to gather insights for personalized campaigns.Amid intense competition, brands must differentiate effectively. Robust marketing enables them to articulate unique value propositions and establish distinct identities. Creative branding, storytelling, and innovative campaigns carve out niches, setting brands apart and capturing consumer attention in crowded markets.
The Launching new products or services demands strategic planning to ignite interest and boost sales. Robust marketing strategies entail detailed launch plans with teaser campaigns, pre-orders, exclusive previews, and post-launch promotions. Brands employ multi-channel marketing to engage potential buyers and generate excitement, optimizing the success of their offerings.
Restraints:
- Widespread availability of counterfeit items
- Changing Consumer Preferences - The perpetual evolution of fashion trends presents a challenge for consumers striving to stay current with the latest styles. While some avidly follow fashion, others struggle to adapt to frequent changes. This variance in consumer preferences can constrain market segments, especially those hesitant or unable to regularly invest in new footwear styles.
Rising environmental awareness prompts a surge in demand for sustainable footwear. Consumers now prioritize brands with eco-friendly manufacturing and materials. This shift challenges footwear companies lagging in sustainable practices to adapt to evolving consumer preferences for environmentally conscious products.
Opportunities:
- Increasing Interest in Eco-Friendly Footwear
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Recent innovations have introduced new features and designs - Consumers are increasingly environmentally conscious, seeking products with minimal carbon footprint and environmental impact. Eco-friendly footwear, crafted from sustainable materials and manufactured using eco-friendly processes, resonates with this expanding demographic of environmentally aware consumers.
Educating consumers about the environmental advantages of eco-friendly footwear and the consequences of conventional manufacturing can stimulate demand for sustainable products. Marketing campaigns spotlighting sustainability efforts and product certifications can enhance awareness and sway purchasing choices.
Competitive Landscape Analysis
Key players in Global Footwear Market include:
- Adidas AG
- ASICS Corp.
- Burberry Group Plc
- New Balance Athletics, Inc.
- Nike Inc.
- PUMA SE
- Skechers USA Inc.
- Under Armour Inc.
- VF Corp.
- Wolverine World Wide Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Outlook
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Footwear Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Demand for Athleisure Footwear
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Brands Implementing Robust Marketing Strategies
- Restraints
- Widespread Availability of Counterfeit Items
- Changing Consumer Preferences
- Opportunities
- Increasing Interest in Eco-Friendly Footwear
- Recent innovations have Introduced New Features and Designs
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Footwear Market, By Type, 2021 - 2031 (USD Million)
- Athletic Footwear
- Running Shoes
- Sports Shoes
- Trekking/Hiking Shoes
- Others
- Non-athletic Footwear
- Boots
- Flip-Flops/Slippers
- Sneakers
- Others
- Global Footwear Market, By Type, 2021 - 2031 (USD Million)
- Men
- Women
- Children
- Athletic Footwear
- Global Footwear Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Offline Retail Stores
- Online Retail Stores
- Global Footwear Market, By Geography, 2021 - 2031 (USD Million)
- North America
- Canada
- United States
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Footwear Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Adidas AG
- ASICS Corp.
- Burberry Group Plc
- New Balance Athletics, Inc.
- Nike Inc.
- PUMA SE
- Skechers USA Inc.
- Under Armour Inc.
- VF Corp.
- Wolverine World Wide Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market