To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Drivers: The rising demand for exclusive designer collections is influencing the footwear market growth. Vendors are focusing on launching new patterns and designs due to market competition and evolving customer demand because of continuous changes in the fashion industry. Innovations in designs and celebrity endorsements of products have enabled vendors to cater to the demand from the high-income customer base. In addition, the increasing demand for customized footwear is another factor supporting the footwear market share growth.
- Market Challenges: The rising labor cost and fluctuating raw material prices will be a major challenge for the footwear market during the forecast period. The rising cost of production for the manufacturers lowers their profit margins. Fluctuations in raw material costs are another challenge for vendors. The cost of these materials is also dependent on transportation costs.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our Sample Report
Revenue-generating Segment Highlights
The footwear market report is segmented by Product (non-athletic footwear and athletic footwear), End-user (women, men, and children), Distribution channel (offline and online), and Geographic Landscape (APAC, North America, Europe, South America, and MEA).
- The non-athletic footwear product segment held the largest footwear market share in 2021. The segment will continue to account for the highest market share throughout the forecast period owing to the growing consumer fashion consciousness and the rising introduction of trendy shoes in the men and children segments. The growth in the demand for premium non-athletic footwear is mainly attributed to the rising disposable income of the population across the globe. High disposable incomes of consumers raise their spending power, empowering them to spend more on premium fashion products such as footwear.
- APAC will be the leading region with 38% of the market’s growth during the forecast period. China and India are the key markets for footwear in APAC. Market growth in this region will be faster than the growth of the market in other regions. The rising disposable incomes of people, the increasing preference for premium footwear, and the growing health consciousness among people will facilitate the footwear market growth in APAC over the forecast period.
View our sample report for additional insights into the contribution of all the segments and regional opportunities
Top Companies Covered
- adidas AG
- ASICS Corp.
- Burberry Group PLC
- New Balance Athletics Inc.
- Nike Inc.
- PUMA SE
- Skechers USA Inc.
- Under Armour Inc.
- VF Corp.
- Wolverine World Wide Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Footwear Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.13% |
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Market growth 2021-2025 |
$ 16.85 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
-0.72 |
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Regional analysis |
APAC, MEA, North America, South America, and Europe |
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Performing market contribution |
APAC at 38% |
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Key consumer countries |
US, China, Germany, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
adidas AG, ASICS Corp., Burberry Group PLC, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market Characteristics
Exhibit 02: Market Characteristics
2.3 Value chain analysis
Exhibit 03: Value Chain Analysis: Apparel, accessories, luxury goods, footwear, and textiles
2.3.1 Inputs
2.3.2 Inbound logistics
2.3.3 Operations
2.3.4 Outbound logistics
2.3.5 Marketing and sales
2.3.6 Service
Support activities
Innovations
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5. Market Segmentation by Product
The segments covered in this chapter are:
- Non athletic footwear
- Athletic footwear
Non athletic footwer has the highest growth while athletic footwear has the lowest growth
5.1 Market segments
Exhibit 15: Product- Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Non athletic footwear – Market size and forecast 2020-2025
Exhibit 17: Non athletic footwear – Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Non athletic footwear – Year-over-year growth 2020-2025 (%)
5.4 Athletic footwear – Market size and forecast 2020-2025
Exhibit 19: Athletic footwear – Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Athletic footwear – Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Type
6. Market Segmentation by End-user
The segments covered in this chapter are:
Here women has the highest growth than men and children segments.
6.1 Market segments
Exhibit 22: End user – Market share 2020-2025 (%)
6.2 Comparison by End user
Exhibit 23: Comparison by End user
Exhibit 21: Market opportunity by Product
6.3 Women – Market size and forecast 2020-2025
Exhibit 24: Women – Market size and forecast 2020-2025 ($ billion)
Exhibit 25: Women – Year-over-year growth 2020-2025 (%)
6.4 Men – Market size and forecast 2020-2025
Exhibit 26: Men – Market size and forecast 2020-2025 ($ billion)
Exhibit 27: Men – Year-over-year growth 2020-2025 (%)
6.5 Children – Market size and forecast 2020-2025
Exhibit 28: Children – Market size and forecast 2020-2025 ($ billion)
Exhibit 29: Children – Year-over-year growth 2020-2025 (%)
6.6 Market opportunity by End user
Exhibit 30: Market opportunity by End user
7. Market Segmentation by Distribution channel
The segments covered in this chapter are:
Here offline distribution has more growth than online distribution
7.1 Market segments
Exhibit 31: Distribution channel – Market share 2020-2025 (%)
7.2 Comparison by Distribution channel
Exhibit 32: Comparison by Distribution channel
7.3 Offline – Market size and forecast 2020-2025
Exhibit 33: Offline – Market size and forecast 2020-2025 ($ billion)
Exhibit 34: Offline – Year-over-year growth 2020-2025 (%)
7.4 Online – Market size and forecast 2020-2025
Exhibit 35: Online – Market size and forecast 2020-2025 ($ billion)
Exhibit 36: Online – Year-over-year growth 2020-2025 (%)
7.5 Market opportunity by Distribution channel
Exhibit 37: Market opportunity by Distribution channel
8. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 38: Customer landscape
9. Geographic Landscape
??The regions covered in the report are:
- North America
- Europe
- APAC
- South America
- MEA
APAC was the largest region of the market in 2020
9.1 Geographic segmentation
Exhibit 39: Market share by geography 2020-2025 (%)
9.2 Geographic comparison
Exhibit 40: Geographic comparison
9.3 APAC – Market size and forecast 2020-2025
Exhibit 41: APAC – Market size and forecast 2020-2025 ($ billion)
Exhibit 42: APAC – Year-over-year growth 2020-2025 (%)
9.4 North America – Market size and forecast 2020-2025
Exhibit 43: North America – Market size and forecast 2020-2025 ($ billion)
Exhibit 44: North America – Year-over-year growth 2020-2025 (%)
9.5 Europe – Market size and forecast 2020-2025
Exhibit 45: Europe – Market size and forecast 2020-2025 ($ billion)
Exhibit 46: Europe – Year-over-year growth 2020-2025 (%)
9.6 South America – Market size and forecast 2020-2025
Exhibit 47: South America – Market size and forecast 2020-2025 ($ billion)
Exhibit 48: South America – Year-over-year growth 2020-2025 (%)
9.7 MEA – Market size and forecast 2020-2025
Exhibit 49: MEA – Market size and forecast 2020-2025 ($ billion)
Exhibit 50: MEA – Year-over-year growth 2020-2025 (%)
9.8 Key leading countries
Exhibit 51: Key leading countries
9.9 Market opportunity by geography
Exhibit 52: Market opportunity by geography ($ billion)
10. Drivers, Challenges, and Trends
10.1 Market drivers
10.1.1 Design and material innovations leading to product premiumization
10.1.2 Rising demand for exclusive designer collections
10.1.3 High influence of celebrity endorsements on customer purchase decisions
10.2 Market challenges
10.2.1 Rising labor cost and fluctuating raw material prices
10.2.2 Availability of counterfeit products
10.2.3 Stringent government regulations for procurement of raw materials such as leather
Exhibit 53: Impact of drivers and challenges
10.3 Market trends
10.3.1 Increasing demand for customized footwear
10.3.2 Rising demand for footwear made of organic leather
10.3.3 Emergence of smart shoes
11. Vendor Landscape
11.1 Vendor landscape
Exhibit 54: Vendor landscape
11.2 Landscape disruption
Exhibit 55: Landscape disruption
Exhibit 56: Industry risks
12. Vendor Analysis
12.1 Vendors covered
Exhibit 57: Vendors covered
12.2 Market positioning of vendors
Exhibit 58: Market positioning of vendors
12.3 adidas AG
Exhibit 59: adidas AG – Overview
Exhibit 60: adidas AG – Business segments
Exhibit 61: adidas AG – Key news
Exhibit 62: adidas AG – Key offerings
Exhibit 63: adidas AG – Segment focus
12.4 ASICS Corp.
Exhibit 64: ASICS Corp. – Overview
Exhibit 65: ASICS Corp. – Business segments
Exhibit 66: ASICS Corp. – Key news
Exhibit 67: ASICS Corp. – Key offerings
Exhibit 68: ASICS Corp. – Segment focus
12.5 Burberry Group Plc
Exhibit 69: Burberry Group Plc – Overview
Exhibit 70: Burberry Group Plc – Business segments
Exhibit 71: Burberry Group Plc – Key news
Exhibit 72: Burberry Group Plc – Key offerings
Exhibit 73: Burberry Group Plc – Segment focus
12.6 New Balance Athletics Inc.
Exhibit 74: New Balance Athletics Inc. – Overview
Exhibit 75: New Balance Athletics Inc. – Product and service
Exhibit 76: New Balance Athletics Inc. – Key news
Exhibit 77: New Balance Athletics Inc. – Key offerings
12.7 Nike Inc.
Exhibit 78: Nike Inc. – Overview
Exhibit 79: Nike Inc. – Business segments
Exhibit 80: Nike Inc. – Key news
Exhibit 81: Nike Inc. – Key offerings
Exhibit 82: Nike Inc. – Segment focus
12.8 PUMA SE
Exhibit 83: PUMA SE – Overview
Exhibit 85: PUMA SE– Key news
Exhibit 86: PUMA SE – Key offerings
Exhibit 87: PUMA SE – Segment focus
12.9 Skechers USA Inc.
Exhibit 88: Skechers USA Inc. – Overview
Exhibit 89: Skechers USA Inc. – Business segments
Exhibit 90: Skechers USA Inc. – Key news
Exhibit 91: Skechers USA Inc. – Key offerings
Exhibit 92: Skechers USA Inc. – Segment focus
12.10 Under Armour Inc.
Exhibit 93: Under Armour Inc. – Overview
Exhibit 94: Under Armour Inc. – Business segments
Exhibit 95: Under Armour Inc. – Key news
Exhibit 96: Under Armour Inc. – Key offerings
Exhibit 97: Under Armour Inc. – Segment focus
12.11 VF Corp.
Exhibit 98: VF Corp. – Overview
Exhibit 99: VF Corp. – Business segments
Exhibit 100: VF Corp.– Key news
Exhibit 101: VF Corp. – Key offerings
Exhibit 102: VF Corp. – Segment focus
12.12 Wolverine World Wide Inc.
Exhibit 103: Wolverine World Wide Inc. – Overview
Exhibit 104: Wolverine World Wide Inc. – Business segments
Exhibit 105: Wolverine World Wide Inc.– Key news
Exhibit 106: Wolverine World Wide Inc. – Key offerings
Exhibit 107: Wolverine World Wide Inc. – Segment focus
13. Appendix
13.1 Scope of the report
13.1.1 Market definition
13.1.2 Objectives
13.1.3 Notes and caveats
13.2 Currency conversion rates for US$
Exhibit 108: Currency conversion rates for US$
13.3 Research Methodology
Exhibit 109: Research Methodology
Exhibit 110: Validation techniques employed for market sizing
Exhibit 111: Information sources
13.4 List of abbreviations
Exhibit 112: List of abbreviations
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