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Footwear - Global Market Trajectory & Analytics

  • ID: 338775
  • Report
  • May 2021
  • Region: Global
  • 813 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • adidas AG
  • Bata India Ltd.
  • ECCO Sko A/S
  • LaCrosse Footwear, Inc.
  • Power Athletics Limited
  • Timberland LLC
  • MORE

Global Footwear Market to Reach $440 Billion by 2026


China, India, Brazil, Italy, Vietnam, Indonesia, Mexico, Thailand, Turkey and Spain are the leading producers of footwear, while USA, Japan, Germany, UK, France and Italy are the major consumers and importers of footwear. Korean and Taiwanese footwear makers are the forgotten lot who once dominated the global production scene. Amid the COVID-19 crisis, the global market for Footwear estimated at US$384.2 Billion in the year 2020, is projected to reach a revised size of US$440 Billion by 2026, growing at a CAGR of 2.3% over the analysis period. Casual Footwear, one of the segments analyzed in the report, is projected to grow at a 2.6% CAGR to reach US$213.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Athletic Footwear segment is readjusted to a revised 1.9% CAGR for the next 7-year period. This segment currently accounts for a 37.6% share of the global Footwear market.

The U.S. Market is Estimated at $105.8 Billion in 2021, While China is Forecast to Reach $80.9 billion by 2026


The Footwear market in the U.S. is estimated at US$105.8 Billion in the year 2021. The country currently accounts for a 27.14% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$80.9 Billion in the year 2026 trailing a CAGR of 3.6% through the analysis period. Apart from being a lucrative market for non-athletic footwear, China is also emerging to be a strong market for athletic footwear mainly due to regulatory initiatives relating to fitness and national exercise programs, rapid pace of urbanization, increasing per-capita incomes, international sporting events organized in the country, and increasing participation in recreational sports, among other factors. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR while Rest of European market (as defined in the study) will reach US$83.8 Billion by the end of the analysis period.

Growth in these regional markets has and continues to be supported by footwear increasingly being considered a fashion accessory by many, and also due to robust demand for innovative and novel footwear. Rising adoption of comfortable and trendy footwear among consumers in various age groups is also driving demand in these markets. Rising interest and participation in various sports and also transforming lifestyles are spurring adoption of athletic footwear, even among people who are not sports oriented. In recent years, interest in fitness and health related activities has been on the rise among customers. This is spurring demand for innovative and technically advanced sportswear products. Several international brands have been integrating sportswear and fashion wear to attract customers.

Outdoor/Rugged Footwear Segment to Reach $27 Billion by 2026


Outdoor/Rugged footwear is specially designed for high-performance outdoor activity such as trekking; trail running, kayaking, mountaineering, rock-climbing and others. They incorporate high-quality materials to combat extreme climates and suit various traction requirements, unlike everyday outdoor casual wear shoes. In the global Outdoor/Rugged segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.4 Billion in the year 2020 will reach a projected size of US$20.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2026, while Latin America will expand at a 2.8% CAGR through the analysis period.

Select Competitors (Total 470 Featured) -

  • adidas AG
  • Reebok International Limited
  • ANTA Sports Products Limited
  • ASICS Corporation
  • Bata
  • Bata India Ltd.
  • Caleres
  • Deckers Brands
  • ECCO Sko A/S
  • Feng Tay Enterprises Co., Ltd.
  • Geox s.p.a
  • Gucci Group NV
  • Kenneth Cole Productions, Inc.
  • LaCrosse Footwear, Inc.
  • Nike Inc.
  • Nine West
  • Power Athletics Limited
  • Puma SE
  • RG Barry Corporation
  • Timberland LLC
  • Vans, Inc.
  • Weyco Group Inc.
  • Wolverine World Wide, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • adidas AG
  • Bata India Ltd.
  • ECCO Sko A/S
  • LaCrosse Footwear, Inc.
  • Power Athletics Limited
  • Timberland LLC
  • MORE
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
  • Exhibit 1: World Footwear Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: 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
  • Exhibit 3: 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
  • Exhibit 4: 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
  • Exhibit 5: World Urban Population in Thousands: 1950-2050
  • Exhibit 6: 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
  • Exhibit 7: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Exhibit 8: 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
  • Exhibit 9: 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
  • Exhibit 10: 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
  • Exhibit 11: Nike’s Footwear Sourcing Mix by Distribution Channel: 2020E
  • Exhibit 12: Nike’s Footwear Sourcing Mix by Country: 2020E
  • Exhibit 13: 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

UNITED STATES
  • Market Overview
  • Athletic Footwear - A Major Revenue Contributor
  • Exhibit 14: 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
  • Exhibit 15: 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
CANADA
  • Market Overview
  • Demand for Athletic Shoes on the Up
JAPAN
  • Market Overview
  • Children’s Footwear Market Remains Buoyant
  • Comfort and Stylish Footwear: The Japanese Favorites
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
  • Exhibit 16: Leading Sports Footwear Companies in China (2020E)
  • Exhibit 17: Chinese Sports Footwear Market (2020E): Percentage Breakdown of Sales by Category
  • Economic Status of the Chinese Leather and Footwear Industry
  • Trade Regulations
EUROPE
  • An Overview
  • Companies Focus on Safeguarding IPR
  • Western Europe Industry - Losing its Sheen
FRANCE

GERMANY
  • Market Primer
  • A Key Re-Exporter
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
UNITED KINGDOM
  • Branded Footwear Market: A Snapshot
  • Exhibit 18: 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
SPAIN
  • Market Overview
  • Exhibit 19: Spanish Footwear Market (2020E): Percentage Breakdown of Value Sales by Leading Company
RUSSIA
  • Overview
  • Luxury Footwear Gains Lost Ground
  • Open-Air Complexes: The Popular Destination for Shoe Hunters
  • Russian Consumers
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
ASIA-PACIFIC
  • Market Overview
AUSTRALIA
  • Market Overview
  • Australia’s Footwear Retail Market
  • Import/Export Scenario
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
  • Exhibit 20: 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
  • Exhibit 21: Indian Footwear Market (2020E): Percentage Breakdown of Sales by Sector
  • Market’s Fragmentation Set to Continue
  • Footwear Export Scenario
SOUTH KOREA
  • Market Overview
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
LATIN AMERICA
  • Market Overview
ARGENTINA
  • Brief Market Overview
BRAZIL
  • Market Overview
  • Insight into Retail Trade
  • Brazilian Footwear Companies Eye UK Market
MEXICO

REST OF LATIN AMERICA
  • Chile: An Overview
MIDDLE EAST

IRAN

ISRAEL
  • Brief Market Overview
SAUDI ARABIA

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

AFRICA
  • South Africa
IV. COMPETITION
  • Total Companies Profiled: 470
Note: Product cover images may vary from those shown
  • adidas AG
  • Reebok International Limited
  • ANTA Sports Products Limited
  • ASICS Corporation
  • Bata
  • Bata India Ltd.
  • Caleres
  • Deckers Brands
  • ECCO Sko A/S
  • Feng Tay Enterprises Co., Ltd.
  • Geox s.p.a
  • Gucci Group NV
  • Kenneth Cole Productions, Inc.
  • LaCrosse Footwear, Inc.
  • Nike Inc.
  • Nine West
  • Power Athletics Limited
  • Puma SE
  • RG Barry Corporation
  • Timberland LLC
  • Vans, Inc.
  • Weyco Group Inc.
  • Wolverine World Wide, Inc.
Note: Product cover images may vary from those shown
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