Global Footwear Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 1, 2020 |

The global footwear market size was accounted at more than USD 220 billion in 2019 and expected to register at a significant CAGR of 3.5% during the forecast period 2020 to 2027. Increasing focus on some key parameters such as product development, design, and advanced fabrication are some major factors to drive the market. Increased demand for athletic footwear due to concerns about personal health and inclination is boosting the market growth. The rapidly increasing e-commerce industry is predicted to a key driver of the market across the globe.

The market is segmented on the basis of product type, material, distribution channel, end-use, and region. On the basis of type, the market is classified into athletic, and non-athletic. There is a growing demand for athletic footwear as a result of increased awareness about health and fitness. The non-athletics segment held the largest share of more than 55% of the global footwear market in the previous year and expected to grow at a significant CAGR during the forecast period.

On the basis of material, the market is segmented into leather, plastic, synthetic rubber, plant-based, and others. In 2019, leather footwear held the largest market share in terms of revenue with more than 30% share of the market and expected to grow at a significant CAGR of more than 2.5% during the forecast period. The plant-based segment is accounted for as the fastest-growing segment for the forecast period. Due to rising environmental concerns across consumers, the demand for this footwear expected to surge rapidly throughout the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global footwear market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Footwear Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 - Historical Year for footwear Market
  • 2019 - Base Year for footwear Market
  • 2020-2027 - Forecast Period for footwear Market

Footwear Market Segmentation:

By Type:

  • Athletic
  • Non-athletic

By Material:

By Distribution Channel:

  • Hypermarkets
  • Online Channels
  • Specialty Stores
  • Others

By End-Use:

List of Key Companies:

  • Nike, Inc.
  • Adidas America, Inc.
  • PUMA
  • Geox S.p.A.
  • Timberland
  • Skechers USA, Inc.
  • Ecco Sko

COVID-19 Impact on the Footwear Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the footwear market.

COVID-19 Impact on the Footwear Market

COVID-19 Impact on the Footwear Market - L Shaped Recovery

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Footwear Market Report

  • Global footwear market forecasts from 2020-2027
  • Regional footwear market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Footwear submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to footwear market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level footwear markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the footwear market
  • Profiles and market share of the leading 10 companies in 2019 at a global level
The global footwear market size was accounted at more than USD 220 billion in 2019 and expected to register at a significant CAGR of 3.5% during the forecast period 2020 to 2027. Increasing focus on some key parameters such as product development, design, and advanced fabrication are some major factors to drive the market. Increased demand for athletic footwear due to concerns about personal health and inclination is boosting the market growth. The rapidly increasing e-commerce industry is predicted to a key driver of the market across the globe.

The market is segmented on the basis of product type, material, distribution channel, end-use, and region. On the basis of type, the market is classified into athletic, and non-athletic. There is a growing demand for athletic footwear as a result of increased awareness about health and fitness. The non-athletics segment held the largest share of more than 55% of the global footwear market in the previous year and expected to grow at a significant CAGR during the forecast period.

On the basis of material, the market is segmented into leather, plastic, synthetic rubber, plant-based, and others. In 2019, leather footwear held the largest market share in terms of revenue with more than 30% share of the market and expected to grow at a significant CAGR of more than 2.5% during the forecast period. The plant-based segment is accounted for as the fastest-growing segment for the forecast period. Due to rising environmental concerns across consumers, the demand for this footwear expected to surge rapidly throughout the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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COVID-19 Impact on the Footwear Market

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