Footwear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Footwear Market, Encompassing Shoes, Boots, Sandals, Sneakers, Slippers, Heels, Loafers, Flats, Moccasins, and Clogs, is Seeing A Surge in Demand for Stylish, Comfortable, and Sports-Centric Footwear. This is Driven by the Rise in Sports Participation and the Growing Trend for Environmentally Friendly Footwear. Key Exporters Include China and India, While Major Players Like Puma SE, Nike Inc. , Asics Corporation, Fila Group, and Adidas AG Dominate the Market With Innovative Strategies and Products.

Footwear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Footwear Market Size

Footwear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.25 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Low

Major Players

Footwear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Footwear Market Analysis

The Footwear Market is expected to register a CAGR of 5.25% during the forecast period.

  • The rising demand for fashionable, trendy, yet comfortable footwear across all age groups is a key factor driving the global footwear industry. The rise in the growth of sports-focused footwear, such as football, cricket, basketball, and golf, coupled with exponential investment by governments and global organizations to promote sports leagues and participation, has been a key driver for the market.
  • Asian countries, such as China and India, are the major exporters of leather footwear across developed countries. For instance, according to the Department for Promotion of Industry and Internal Trade, it is estimated that about USD 2,047.08 million worth of leather footwear products was exported from India to other parts of the world in 2022.
  • Additionally, an emerging trend in the global footwear market is the rise in demand for eco-friendly footwear. There has been a growth in the usage of sustainable materials and sustainable footwear brands that have embedded sustainability into their brands from their beginnings. The manufacturers have been finding innovative ways to manufacture such products to suit customer demands.
  • For instance, in August 2022, Solecraft, an indigenous sustainable footwear company in India, announced the launch of its first pair of sweat-resistant charcoal shoes. The company claimed that only natural materials were used in the manufacturing of these eco-friendly sneakers. The company revealed that the product was developed in India and manufactured using Japanese bamboo charcoal, premium Australian Merino wool, and plant-based recycled coffee grounds oil.
  • Athleisure has become more pervasive, as it has influenced the athletic footwear choice among millennial parents. Due to this factor, they are dressing their kids in athletic apparel and footwear. This is driving the sales of overall footwear across the world.
  • Non-athleisure footwear products such as boots, sandals, and flip-flops are commonly used by the consumer in day-to-day life. Hence, manufacturers in the market are focusing on innovative and user-friendly designs to attract consumers. Moreover, sneakers stand out to be one of the popular types of footwear products across the market owing to the comfort and design of the products. Sneakers were popular among young consumers. They often tend to buy expensive pairs of sneakers as an investment and enthusiasm towards exclusive collections available across the market.

Footwear Industry Overview

The global athletic footwear market is highly competitive, with major market share held by prominent players, such as Puma SE, Nike Inc., Adidas AG, LVHM, Keringa SA, and Puma SE. This is attributable to its higher market penetration, reflecting a strong industry grip through its brands, products, partnerships, and advertising. These progressive brands have laid their hand on every possible strategy to cater to the footwear market's demand, which includes employing aggressive digital campaigns, offering a wide range of innovative and customizable products, including sustainable footwear, unique and gender-neutral designs that cater to the preferences of all age groups, including athletic shoes specifically designed for kids, and brand collaborations.

Footwear Market Leaders

  1. Nike Inc.

  2. Adidas AG

  3. LVMH Moët Hennessy Louis Vuitton SE

  4. Kering SA

  5. Puma SE

  6. *Disclaimer: Major Players sorted in no particular order
Footwear Market Concentration
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Footwear Market News

  • September 2023: Puma SA unveiled an exciting collaboration with the renowned pop sensation Rihanna, marking the launch of their latest collection of athletic footwear and sportswear under the exclusive Fenty * Puma product line. The standout piece within this collection is a football-inspired shoe, drawing inspiration from the avant-garde, boasting a distinct football trend design, and crafted from sumptuously soft vintage leather.
  • September 2023: Nike Inc. introduced their highly-anticipated basketball shoe collection, Luka 2. These cutting-edge products are constructed with a full-length Formula 23 foam for exceptional cushioning and feature an innovative Isoplate foot frame for added support. What sets these shoes apart is their eco-conscious manufacturing process, with 20% of the materials used being recycled, showcasing Nike's commitment to sustainability.
  • September 2022: Asics Corporation introduced the Novablast 3, an innovative addition to their footwear lineup. These shoes are characterized by a striking geometric Origami design infused with Asics' cutting-edge technology, delivering a unique cushioning experience that promises a responsive and energetic running adventure.

Footwear Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Surging Demand for Athleisure Footwear
    • 4.1.2 Aggressive Marketing by Brands
  • 4.2 Market Restraints
    • 4.2.1 Extensive Availability of Counterfeit Products
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Athletic Footwear
    • 5.1.1.1 Running Shoes
    • 5.1.1.2 Sports Shoes
    • 5.1.1.3 Trekking/Hiking Shoes
    • 5.1.1.4 Other Athletic Footwear Types
    • 5.1.2 Non-athletic Footwear
    • 5.1.2.1 Boots
    • 5.1.2.2 Flip-Flops/Slippers
    • 5.1.2.3 Sneakers
    • 5.1.2.4 Other Non-athletic Footwear
  • 5.2 End-User
    • 5.2.1 Men
    • 5.2.2 Women
    • 5.2.3 Kids
  • 5.3 Distribution Channel
    • 5.3.1 Offline Retail Stores
    • 5.3.2 Online Retail Stores
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Russia
    • 5.4.2.5 Spain
    • 5.4.2.6 Italy
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Colombia
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East & Africa
    • 5.4.5.1 South Africa
    • 5.4.5.2 Saudi Arabia
    • 5.4.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Strategies Adopted by Leading Players
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Nike Inc.
    • 6.3.2 Adidas AG
    • 6.3.3 New Balance Athletics, Inc.
    • 6.3.4 Asics Corporation.
    • 6.3.5 LVMH Moët Hennessy Louis Vuitton SE
    • 6.3.6 Fila Holdings Corp.
    • 6.3.7 The Bata Corporation
    • 6.3.8 VF Corporation
    • 6.3.9 Puma SE
    • 6.3.10 Under Armour
    • 6.3.11 Kering SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Footwear Industry Segmentation

Footwear is a protective covering for feet, such as shoes, sandals, and other types. These products protect the feet from hurting the feet and help in easing day to day physical activities.

The scope of the global footwear market includes type, end user, distribution channel, and geography. Based on type, the market is segmented under athletic footwear and non-athletic footwear. The athletic footwear segment includes running shoes, sports shoes, trekking/hiking shoes, and other athletic footwear types. The non-athletic footwear segment includes boots, flip-flops/slippers, sneakers, and other non-athletic footwear. Further segmentation is done based on end users, which includes men, women, and kids. The segmentation based on the distribution channel includes offline retail stores and online retail stores. The report outlines the insight of all the global regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

The market sizing has been done in value terms in USD for all the abovementioned segments.

Type Athletic Footwear Running Shoes
Sports Shoes
Trekking/Hiking Shoes
Other Athletic Footwear Types
Non-athletic Footwear Boots
Flip-Flops/Slippers
Sneakers
Other Non-athletic Footwear
End-User Men
Women
Kids
Distribution Channel Offline Retail Stores
Online Retail Stores
Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Colombia
Rest of South America
Middle East & Africa South Africa
Saudi Arabia
Rest of Middle East & Africa
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Footwear Market Research FAQs

What is the current Footwear Market size?

The Footwear Market is projected to register a CAGR of 5.25% during the forecast period (2025-2030)

Who are the key players in Footwear Market?

Nike Inc., Adidas AG, LVMH Moët Hennessy Louis Vuitton SE, Kering SA and Puma SE are the major companies operating in the Footwear Market.

Which is the fastest growing region in Footwear Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Footwear Market?

In 2025, the Asia Pacific accounts for the largest market share in Footwear Market.

What years does this Footwear Market cover?

The report covers the Footwear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Footwear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Footwear Industry Report

The global footwear market is experiencing significant growth, driven by increased demand for both athletic and non-athletic shoes. This surge in market growth is fueled by a heightened focus on fashion, comfort, and sports participation. The rise in health consciousness and major sports events have particularly boosted the athletic segment, while the non-athletic category sees a preference for eco-friendly and sustainable options. Innovations in shoe production, including the use of natural materials, are reshaping the industry.

Asia-Pacific leads the market due to its vast population and manufacturing hubs. Key market leaders such as Puma SE, Nike Inc., and Adidas AG dominate the industry by leveraging digital campaigns and innovative products that cater to a fashion-conscious and environmentally aware consumer base. According to industry analysis, the market size and industry statistics reveal a promising industry outlook, with a market forecast that points to continuous growth.

The market overview highlights significant trends in both men's, women's, and children's footwear. Market segmentation shows diverse consumer preferences, and market value is driven by the adoption of new materials and designs. Industry reports and market data provide detailed insights into market predictions, industry trends, and industry size.

Industry research and industry information indicate that the market review is positive, with a strong market outlook supported by industry sales and market leaders. The industry reports suggest that the market predictions are favorable, with a consistent growth rate. Research companies provide valuable industry statistics and market data, which are essential for understanding the market value and market segmentation.

Overall, the footwear market is poised for continued expansion, supported by a robust industry outlook and comprehensive industry research. The availability of report examples and report PDFs further aids stakeholders in making informed decisions.