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Footwear - Global Market Trajectory & Analytics

  • ID: 338775
  • Report
  • September 2020
  • Region: Global
  • 813 Pages
  • Global Industry Analysts, Inc
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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.

Competitors identified in this market include, among others:
  • American Greetings Corporation
  • Archies Limited
  • Avanti Press Inc.
  • Budget Greeting Cards Ltd.
  • Card Factory plc
  • Carlton Cards Ltd.
  • Child Rights and You (CRY)
  • Crane & Co.,
  • Current Media Group LLC
  • Hallmark Cards, Inc.
  • IG Design Group Plc
  • John Sands (Australia) Ltd.
  • Party City Holdco Inc.
  • Schurman Retail Group (SRG)
  • Simon Elvin Ltd.
  • UK Greetings Ltd.
  • UNICEF
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • 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
  • World Footwear Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Global Footwear Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • China Remains the Largest Production Base
  • Footwear Production by Country (2020E): Percentage Breakdown by Volume for China, India, Vietnam, Indonesia and Rest of World
  • Proximity Playing a Key Role for Setting-Up Manufacturing Operations
  • Socio-Economic & Demographic Trends Favor Growth
  • Stable Economy
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Urbanization: A Megatrend with Significant Implications for Footwear Market
  • World Urban Population in Thousands: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Select Mega-Urban Regions Worldwide (2035*)
  • Growing Affluence of Expanding Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Rising Living Standards & Changing Lifestyle Trends
  • Competitive Landscape
  • Footwear Market: Characterized by Intense Competition
  • Consumer Trends Intensify Competition Among Players
  • Leading Shoe Brands Worldwide (2020E): 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
  • World Sports Shoes Market (2020E): Percentage Breakdown of Value Sales by Company
  • Casual Footwear Market
  • Outsourcing: Key Business Strategy for Leading Footwear Brands
  • Companies Eye Other Outsourcing Destinations beyond China
  • Nike’s Footwear Sourcing Mix by Distribution Channel: 2020E
  • Nike’s Footwear Sourcing Mix by Country: 2020E
  • adidas Footwear Sourcing by Country: 2020E
  • 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

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Athletic Footwear - A Major Revenue Contributor
  • US Athletic Footwear Market (2020E): Percentage Share Breakdown of Unit Sales by Age Group
  • Favorable Trends Driving Market
  • Women’s Footwear - A Promising Market
  • Retail Dynamics
  • US Footwear Market (2020E): Breakdown of Average Annual Per Capita Spends on Footwear by Region (In US$)
  • Luxury Shoe Club - A Trading Platform
  • Consumer Insights
  • Competitive Landscape
  • Athletic (Product Segment) Competitor Revenue Share (in %) in the US: 2020
  • Market Analytics
CANADA
  • Market Overview
  • Demand for Athletic Shoes on the Up
  • Market Analytics
JAPAN
  • Market Overview
  • Children’s Footwear Market Remains Buoyant
  • Comfort and Stylish Footwear: The Japanese Favorites
  • Market Analytics
CHINA
  • Industry Overview
  • Market Profile
  • Sport Footwear Market: A Brief Overview
  • Rising Disposable Income Driving Demand for Premium Footwear
  • Market Competition - Opportunities for Manufacturers to Focus on New Niches
  • Competitive Scenario in Sports Footwear
  • Leading Sports Footwear Companies in China (2020E)
  • Chinese Sports Footwear Market (2020E): Percentage Breakdown of Sales by Category
  • Economic Status of the Chinese Leather and Footwear Industry
  • Trade Regulations
  • Market Analytics
EUROPE
  • An Overview
  • Companies Focus on Safeguarding IPR
  • Western Europe Industry - Losing its Sheen
  • Market Analytics
FRANCE

GERMANY
  • Market Primer
  • A Key Re-Exporter
  • Market Analytics
ITALY
  • Unrivalled Leader in Luxury Footwear
  • Italian Footwear Yielding to Low Price Competition from Asia
  • Production Overview
  • Footwear Producing Regions in Italy
  • Footwear Exports Struggle to Maintain Volume Growth
  • Market Analytics
UNITED KINGDOM
  • Branded Footwear Market: A Snapshot
  • UK Footwear Market (2020E): Percentage Breakdown of Value Sales by Leading Company
  • Changing Purchasing Patterns
  • Retailers Eye Foreign Shores
  • Green and Luxury Footwear Gain Traction
  • E-Shopping to Spearhead Market Growth
  • Retail Trade on the Down
  • Market Analytics
SPAIN
  • Market Overview
  • Spanish Footwear Market (2020E): Percentage Breakdown of Value Sales by Leading Company
  • Market Analytics
RUSSIA
  • Overview
  • Luxury Footwear Gains Lost Ground
  • Open-Air Complexes: The Popular Destination for Shoe Hunters
  • Russian Consumers
  • Market Analytics
REST OF EUROPE
  • Central and East European Countries: Garnering Growing Importance
  • Austria
  • Competitive Scenario
  • Production Overview
  • Trade Channels
  • Belgium
  • Denmark: A Strong Footwear Market
  • Czech Republic
  • Finland
  • Greece
  • International Retailers Take Charge
  • E-Shopping Gains Significance
  • Hungary
  • Norway
  • The Netherlands
  • Poland
  • Branded & Designer Labels Hold Sway
  • Portugal
  • Switzerland
  • Sweden
  • Turkey
  • Market Analytics
ASIA-PACIFIC
  • Market Overview
  • Market Analytics
AUSTRALIA
  • Market Overview
  • Australia’s Footwear Retail Market
  • Import/Export Scenario
  • Market Analytics
INDIA
  • Market Overview
  • Footwear Market Heads for Healthy Gains
  • Riding the Outsourcing Wave
  • Emerging as the Sourcing Hub for High-End Footwear
  • Future Development Driven by Technology Development
  • Industry Structure
  • Premium Footwear Here to Stay
  • Characterized by Diversity
  • Branded Merchandise: A Hot Cake
  • Indian Footwear Market (2020E): Percentage Breakdown of Sales by Type
  • Customer Interest in Sports Shoe Surges
  • Indian Men Becoming More Discerning When it Comes to Footwear Purchases
  • Competition
  • Global Majors Flock the Indian Market
  • Lack of Organized Distribution Channels: Foray of Multinationals Rescue the Industry
  • Indian Footwear Market (2020E): Percentage Breakdown of Sales by Sector
  • Market’s Fragmentation Set to Continue
  • Footwear Export Scenario
  • Market Analytics
SOUTH KOREA
  • Market Overview
  • Market Analytics
REST OF ASIA-PACIFIC
  • Hong Kong: A Key Re-Exporter of Footwear
  • Indonesia
  • Malaysia: A Brief Overview
  • The Philippines
  • Sri Lanka: Footwear and Leather Exports Post Exponential Value Growth
  • Taiwan
  • Thailand
  • Vietnam
  • Competitive Scenario
  • Poised to Emerge as Prominent Exporter
  • WTO Membership - A Boon to the Vietnamese Footwear Industry
  • Market Analytics
LATIN AMERICA
  • Market Overview
  • Market Analytics
ARGENTINA
  • Brief Market Overview
  • Market Analytics
BRAZIL
  • Market Overview
  • Insight into Retail Trade
  • Brazilian Footwear Companies Eye UK Market
  • Market Analytics
MEXICO

REST OF LATIN AMERICA
  • Chile: An Overview
  • Market Analytics
MIDDLE EAST

IRAN

ISRAEL
  • Brief Market Overview
  • Market Analytics
SAUDI ARABIA

UNITED ARAB EMIRATES
  • UAE - A Major Footwear Importer
  • Market Analytics
REST OF MIDDLE EAST

AFRICA
  • South Africa
  • Market Analytics
IV. COMPETITION
  • Total Companies Profiled: 440
Note: Product cover images may vary from those shown
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