Footwear Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2018-2026
Global footwear market is projected to be valued at $ 516.6 Billion by 2026; with a CAGR of 5.5 % from 2019 to 2026. Increase in the demand of designers’ shoes and awareness in the sports & physical activities across the global drives the global footwear market to a new high. Europe is the second largest consumption place for footwear followed by Asia- Pacific due to large population in this region.
Major global sporting events such as Cricket World Cup, FIFA World Cup, Olympic Games, Asian Games, Commonwealth Games, major individual sports tournaments & others are the dominant factors in the growth of this industry. The demand for the latest, elegant & comfortable footwear among the young generation is also boost the market in many ways. However, counterfeiting of the branded footwear hampers the market. The location of the manufacturing units due to cost-effectiveness is in the developing countries. So there is possibility of imposing high duty or taxes by other countries. This will hamper the domestic demand as well as trade barriers in the global footwear industry. Further, the rising awareness in the physical activities in indoor and outdoor and the rise of the online shopping gives the footwear market a new height.
The global footwear market is segmented into product type, end-use, material type and distribution channel. By product, the market is divided into athletic footwear & non-athletic footwear. The athletic footwear is further sub-divided into running, shoes, tennis shoes, golf shoes, hiking shoes, baseball shoes and others. The non-athletic shoes are sub-divided into military boots, outdoor sandals, business shoes, casual footwear and others. By end-use, the market is divided into women’s footwear, men’s footwear & kid’s footwear. In the material segment, market is divided into leather & non -leather shoes. By distribution channel, the market is divided into online channel and offline channel.
By geography, the market is further distributed into North America, Asia-Pacific, Europe, Central America, South America, Africa and the Rest of the World (RoW). Canada, Mexico and USA are covered under the North America; while Germany, UK, France, Italy and rest of Europe are covered under Europe region. China, Australia, South Korea, India, Japan & others are covered under the Asia-Pacific.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Nike, PUMA, Sketchers USA, Adidas AG, BATA, Fila, Lee Cooper, Reebok, Woodland, Jordan and many others.
Highlights of the Report
Scope of the Global Footwear Market
By Distribution Channel
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
• Rest of the world
• Central & South America
• The Middle East