Footwear market is estimated to grow by USD 133.09 billion between 2022 and 2027- Technavio

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Oct 26, 2023, 00:15 ET

NEW YORK, Oct. 26, 2023 /PRNewswire/ -- The footwear market is estimated to grow at a CAGR of 5.69% between 2022 and 2027. The size of the market is forecast to increase by USD 133.09 billion. 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. are among some of the major market participants.

Technavio has announced its latest market research report titled Global Footwear Market

Key Vendor Offerings -

Brooks Sports Inc. - The company offers footwear such as glycerin 20.
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.

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Footwear market2023-2027: Scope

The footwear market report covers the following areas:

Footwear market 2023-2027: Segmentation Analysis

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

Product

Non-athletic footwear
Athletic footwear

The non-athletic footwear segment is the largest product segment in the global footwear market. The types of footwear included in this segment are formal/work, fashion, and casual. The increasing fashion consciousness of consumers and the rising popularity of trendy shoes among men and kids are the main factors propelling the demand for non-athletic footwear. Additionally, the availability of high-quality footwear products at affordable costs is driving up demand for private-label footwear brands. Furthermore, the global market for high-end non-athletic footwear is expanding quickly. The increase in global disposable income of the populace is primarily responsible for the rise in demand for high-end non-athletic footwear. Consumers with high discretionary incomes have more purchasing power and are able to spend more on high-end fashion items like footwear. Such factors will increase segment growth during the forecast period.

Geography

APAC
North America
Europe
South America
Middle East And Africa

During the forecast period, APAC is expected to contribute 36% to the development of the global market. Owing to people's rising disposable incomes, growing desire for high-end footwear, and rising health awareness, the market in APAC is anticipated to expand at the fastest rate during the forecast period (leading to the high demand for athletes' footwear, especially training shoes). China, India, and Japan are the top three revenue-generating countries in the APAC industry. As Chinese consumers are spending more money on fashion items like footwear, China is the most significant market in the area for footwear. Two of the world's most numerous nations, China and India, accounted for 36.32% of the world's population in 2016. Additionally, most footwear, particularly shoes for daily use and casual wear, is readily accessible to the general public. Therefore, due to these factors, the market in APAC is expected to grow during the forecast period.

End-user Outlook

Women
Men
Children

Distribution Channel Outlook

Online
Offline

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021), and forecast market size (2023 to 2027) - Request the Latest sample report

Market Dynamics - Design and material innovations leading to product premiumization have been instrumental in driving the growth of the market. This study also identifies the increasing demand for customized footwear as one of the prime reasons driving the footwear market growth during the next few years. However, the rising labor costs and fluctuating raw material prices might hamper the market growth.

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Footwear market2023-2027: 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 behavior
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 the footwear market vendors

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, Canada, Mexico, Italy, Spain, Japan, Australia, India, South Korea, 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

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 15: Chart on Global - Market size and forecast 2022-2027 (USD billion)
Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 (USD 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 (USD billion)

4.2 Product Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (USD billion)

4.3 End-user Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – End-user Segment 2017 - 2021 (USD billion)

4.4 Distribution channel Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Distribution channel Segment 2017 - 2021 (USD billion)

4.5 Geography Segment Analysis 2017 - 2021

Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 (USD billion)

4.6 Country Segment Analysis 2017 - 2021

Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 (USD 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 (USD billion)
Exhibit 37: Data Table on Non-athletic footwear - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 41: Data Table on Athletic footwear - Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
Exhibit 50: Data Table on Women - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 54: Data Table on Men - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 58: Data Table on Children - Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
Exhibit 67: Data Table on Offline - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 71: Data Table on Online - Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
Exhibit 81: Data Table on APAC - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 85: Data Table on North America - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 89: Data Table on Europe - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 93: Data Table on South America - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 97: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 101: Data Table on US - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 105: Data Table on China - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 109: Data Table on UK - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 113: Data Table on Germany - Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 117: Data Table on France - Market size and forecast 2022-2027 (USD 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 (USD billion)

11 Drivers, Challenges, and Trends

11.1 Market drivers

11.2 Market challenges

11.3 Impact of drivers and challenges

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

11.4 Market trends

12 Vendor Landscape

12.1 Overview

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 USUSD

Exhibit 184: Currency conversion rates for USUSD

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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