Global Footwear Market Report 2021-2025: Nike - Going Strong / Adidas - The Closest Competitor / Puma - Remains in the Race

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May 17, 2021, 12:15 ET

DUBLIN, May 17, 2021 /PRNewswire/ -- The "Footwear - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Footwear is projected to reach US$403.2 billion by 2025, driven by new design trends and rising discretionary spending among the expanding base of middle class population.

Other major factors driving growth in the market include rise of smart concepts such as connected fabrics, footwear internet of things and material innovations including leather alternatives derived from fruit, palm, mushroom, pineapple and sericin. 3D printing is increasingly becoming mainstay of shoe manufacturing with the technology enabling manufacturers to cope with the overwhelming demand for a wide variety of shoe designs and mass customization.

In the casual footwear market, timeless classics are making a comeback with women preferring simple classic black pair of shoes with medium heels which serve as perfect accessory for almost any outfit. From office to date to gym, people are buying footwear for every occasion. Shoes are increasingly becoming expressive of one's personality, a trend that is driving up the concept of investment shoes defined as expensive shoes with luxury materials such as premium leather.

Sneakers are rapidly going from street fashion into the sophisticated corporate boardrooms. In a landmark change in consumer behavior, men are spending more shoes and are preferring color over the conventional black. Consumerism is the key reason behind the growing per capita consumption of footwear worldwide.

Other noteworthy trends in the market include growing popularity of dimethylformamide (DMF) free PU synthetic leather chemicals in the manufacture of footwear supported by benefits such as design freedom and environmental benefits; increased consumer involvement in sports and fitness activities and the ensuing demand for athletic footwear; and growing commercial value of eco-friendly footwear and increased research and development interest in plant-based leathers.

The rise of multifunctional fashion is driving the prominence of convertible shoes interchangeable with a wide range of dresses. Also, emerging and established footwear brands are resorting to celebrity endorsements to help spur sales of non-athletic footwear.

Athletic shoes constitute one of the leading categories of the footwear market, supporting the active lifestyles of consumers who are increasingly getting 'sporty'. Key footwear brands within the segment include Nike and adidas as well as small-sized brands and companies that offer a wide range of footwear for diverse customer segments. Companies operating within the segment are also constantly innovating on functionality, performance and comfort to evade competition.

From golfing to running, sports have become highly intertwined with consumers' day-to-day lifestyles and are not considered just recreation. Growing awareness of keeping fit, both among the ageing and the youngsters, is bolstering healthy growth, coupled with rising average per capita income. In what is being considered as a relatively new trend, gifting of athletic footwear on prominent occasions and holidays is fast catching up across the US and other markets.

In the past couple of years, footwear has earned itself as one of the most sought after holiday gifts, thereby making it one of the top five preferences for local consumers. This particular trend is expected to boost growth of the local footwear industries in the US and developed European market.

The United States, in value terms, represents the single largest market worldwide supported by robust demand for athletic and sporting footwear as a result of their acceptance as part of casual dressing among men and women. Asia-Pacific including China is a major market led by factors such as growing population, apparel needs and a parallel increase in demand for affordable mass-market footwear; westernization of lifestyles among young affluent people and a parallel increase in demand for sneakers; and growing preference for high-fashion and branded footwear among the middle class population.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
An Introduction to Footwear Market
Footwear: Current Market Scenario and Outlook
While Developed Regions Remain Primary Revenue Contributors, Developing Regions Emerge as Fast Growing Markets
China Remains the Largest Production Base
Proximity Playing a Key Role for Setting-Up Manufacturing Operations
Socio-Economic & Demographic Trends Favor Growth
Stable Economy
Select Mega-Urban Regions Worldwide (2035*)
Growing Affluence of Expanding Middle Class Population
Rising Living Standards & Changing Lifestyle Trends
Competitive Landscape
Footwear Market: Characterized by Intense Competition
Consumer Trends Intensify Competition Among Players
Percentage Share Breakdown for Nike, adidas, New Balance, Under Armour, PUMA, Skechers, and Others
Athletic Footwear Segment
Nike: Going Strong
adidas: The Closest Competitor
Puma Remains in the Race
Casual Footwear Market
Outsourcing: Key Business Strategy for Leading Footwear Brands
Companies Eye Other Outsourcing Destinations beyond China
Pricing: Key Parameter in Competition
Cross Industry Forays Rife, Elevating Competition Levels
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Scanning the Athletic Footwear Trends
Demand for Athletic Shoes Surges
Fashion-Statements Override Brand Aspirations
Athletic Footwear: A Gift for All Occasions
Rising Demand for Sneakers
Riding High on Basketball
Running Shoes - Leader amongst the Athletic Footwear Category
Female Footwear - An Aggressive Growth Segment
Tennis Shoes Draw Attention
Trekking Shoes - Going on an Uphill Journey
Cross Trainers - Increasingly Designed for Outdoor Wear
Skating Shoes Market: An Insight
Short Lead Times Spell Success in a Dynamic Market
Efforts to Boost Demand
Competition from Designer Brands
Licensing Needs a Shot in the Arm
Growing Sophistication of Manufacturing Technologies
Online Sales Pick up Pace
Shifting Brand Loyalty - A Major Concern!
Non-Athletic Footwear: Noteworthy Trends
Eco-Friendly Footwear: Future Directions
Emergence of New Design Themes
Moving in Line with Changing Fashion Trends
Men's Shoes - Making a Style Statement
Changing Customer Preferences
Fashion and Comfort: Top on Women's Shopping List
Multifunctional Shoes Gain Popularity
Innovations in Footwear Components
Affordable Luxury - Not just an Oxymoron in Footwear Space
Luxury Footwear Designers Gain Traction
Increasing Popularity of Private Labels
Outdoor Footwear Gets Diversified
Safety Shoes - A Review
Innovations in Footwear Industry
Technological Advancements in the Footwear Industry
Futuristic Innovative Trends
Innovative 3D Printing Technology Forays into Footwear Industry
Smart Shoes to Transform Footwear Industry
Major Sneakers Innovations in Shoe Industry
Select Shoe Innovations by Popular Brands
Consumer Insights
Consumerism in the 21st Century
Branding - What the Consumer Looks for
Female Footwear Market
The Replacement Issue
Teenagers - A Key Segment
Kids - The Retailers' New Favorites
Baby Boomers - Changing Priorities
Retail Environment
Logistics
Retailers under Pressure
Small Shops - The Most Favored Targets
Shelf Presence
'Space Lifting' Footwear Retailing
E- Commerce: Evolving as a Vibrant Medium
'Proactive' Merchandising In-Store Garners Momentum
Point-of-Sale Data: Understanding the Needs of the Consumer
Huge Discounting
Co-Branding: Crucial for the Success of P-O-P Displays?
Manufacturers Evolving too
FOOTWEAR: PRODUCT DEFINITIONS & OVERVIEW
Athletic Footwear
Outdoor/Rugged Footwear
Casual Footwear
Dress/Formal Footwear
Footwear Accessories
Select Glossary of Footwear Terminology

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 470

For more information about this report visit https://www.researchandmarkets.com/r/m78u3p

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