Footwear Market Share, Trend and Segmentation Forecast 2030


Crocs Retail, LLC Adidas SKECHERS USA, Inc. Nike, Inc. Okabashi. Bata Corporation GEOX s.p.a, PUMA Under Armour®, Inc

Footwear Market Value and CAGR

The footwear market is a multi-billion dollar industry that includes the design, production, and sale of shoes, boots, sandals, and other footwear. The global footwear market is expected to grow at a CAGR of around 4.2% between 2022 and 2027

The footwear market is impacted by various factors, including changing consumer preferences, fashion trends, and economic conditions. Rising disposable income, increasing demand for athletic footwear, and the growth of e-commerce are some of the key growth drivers for the market.

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Footwear Market Growth Drivers and Risks

Growth Drivers:

Economic downturns: Economic downturns can lead to decreased consumer spending, which can negatively impact the footwear market.

Fluctuating raw material prices: Fluctuating prices of raw materials used in footwear production can impact profit margins for manufacturers.

Risks:

Rising disposable income: As disposable income increases, consumers are more likely to spend on non-essential items such as footwear.

Fashion trends: Fashion trends and preferences for particular styles or brands can drive demand for certain types of footwear.

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Footwear Market Keyplayers

Crocs Retail, LLC

Adidas

SKECHERS USA, Inc.

Nike, Inc.

Bata Corporation

GEOX s.p.a,

PUMA

Under Armour®, Inc.

 

Footwear Market Segmentations

  • Segment by Type

Loafers

Shoes

 Sandal/Flip-Flops

 

  • Segment by Application

Plastic

Leather

Rubber

 

Table of content

1 INTRODUCTION 48

1.1 OBJECTIVES OF THE STUDY 48

1.2 MARKET DEFINITION 48

1.3 OVERVIEW OF THE GLOBAL FOOTWEAR MARKET 48

1.4 LIMITATIONS 50

1.5 MARKETS COVERED 50

 

2 MARKET SEGMENTATION 56

2.1 MARKETS COVERED 56

2.2 GEOGRAPHICAL SCOPE 57

2.3 YEARS CONSIDERED FOR THE STUDY 58

2.4 CURRENCY AND PRICING 58

2.5 DBMR TRIPOD DATA VALIDATION MODEL 59

2.6 MATERIAL TYPE LIFE LINE CURVE 62

2.7 MULTIVARIATE MODELING 63

2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 64

2.9 DBMR MARKET POSITION GRID 65

2.10 DBMR MARKET CHALLENGE MATRIX 66

2.11 DBMR VENDOR SHARE ANALYSIS (CHANGE NEEDED) 67

2.12 IMPORT-EXPORT DATA 68

2.13 SECONDARY SOURCES 69

2.14 ASSUMPTIONS 70

 

3 EXECUTIVE SUMMARY 71

 

4 PREMIUM INSIGHTS 74

4.1 PORTER’S FIVE FORCES: 76

4.1.1 THREAT OF NEW ENTRANTS: 76

4.1.2 THREAT OF SUBSTITUTES: 77

4.1.3 CUSTOMER BARGAINING POWER: 77

4.1.4 SUPPLIER BARGAINING POWER: 78

4.1.5 INTERNAL COMPETITION (RIVALRY): 79

4.2 CONSUMER-LEVEL TRENDS AND PREFERENCES – GLOBAL FOOTWEAR MARKET 80

4.2.1 CONSUMER PREFERENCES 80

4.2.2 VARIOUS MARKET PARTICIPANTS' TRENDS 80

4.2.3 TRENDS IN SOCIAL MEDIA 80

4.2.4 ONLINE SHOPPING IS BECOMING MORE POPULAR 81

4.3 IMPORT EXPORT SCENARIO 82

4.4 RAW MATERIAL PRODUCTION COVERAGE 83

4.5 SUPPLY CHAIN OF THE GLOBAL FOOTWEAR MARKET 84

4.5.1 RAW MATERIAL PROCUREMENT 84

4.5.2 PRODUCT DESIGNING PROCESS 84

4.5.3 MANUFACTURING 85

4.5.4 MARKETING AND DISTRIBUTION 85

4.5.5 END USERS 85

4.6 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 86

 

5 MARKET OVERVIEW 89

5.1 DRIVERS 91

5.1.1 RISING DEMAND FOR CONVENIENT, COMFORTABLE AND FANCY FOOTWEAR 91

5.1.2 INCREASING SPENDING ON FOOTWEAR FROM ONLINE PLATFORMS 92

5.1.3 INCREASING SPORTS EVENTS AND INVOLVEMENT OF PEOPLE IN PHYSICAL ACTIVITIES 92

5.1.4 AWARENESS OF FOLLOWING UP LATEST FASHION TRENDS AMONG THE YOUNG GENERATION 93

5.2 RESTRAINTS 94

5.2.1 IMPACT OF FAKE COUNTERFEIT SHOES ON THE BRANDED COUNTERPART 94

5.2.2 FLUCTUATION IN PRICE AND UNAVAILABILITY OF RAW MATERIAL 95

5.2.3 USE OF HAZARDOUS CHEMICALS 95

5.3 OPPORTUNITIES 96

5.3.1 RECENT ADVANCEMENTS IN INNOVATION WITH NEW FEATURES AND DESIGN 96

5.3.2 COLLABORATION WITH SOCIAL INFLUENCERS AND SUPERSTARS 97

5.3.3 INTRODUCTION OF ECO-FRIENDLY SHOES MADE UP OF WASTE PRODUCT 98

5.4 CHALLENGES 99

5.4.1 RESTRICTION IN REGULATION FROM ENVIRONMENTAL AND QUALITY CONTROL AUTHORITY 99

5.4.2 RISING RAISING AWARENESS OF THE UNETHICAL PRACTICE DURING THE PRODUCTION OF LEATHER 100

5.4.3 RISING CASE OF DEFECT ARTICLE 100

Toc Continue………………………..

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Published in

Fashion

Published on

Mar 10, 2023

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