Footwear Market

Opportunities and Forecasts,2014 – 2021

Introduction To Footwear MarketFootwear Market Report,  published  by  Allied  Market  Research,  forecasts  that  the  global  market  is  expected  to  garner $371.8 billion by 2020, registering a CAGR of 5.5% during the period 2015 - 2020.The Asia Pacific region is a major exporter of  leather  footwear  to  the United States and United Kingdom and  ranks as  the highest  revenue generating  region  in  the footwear market worldwide. The region generated a revenue of $116.9 billion in 2014, and is expected to grow at a CAGR of 4.7% during the forecast period. A global  increase in disposable incomes, growing urbanization and changing lifestyles are key factors that boost the growth of the global footwear market.

Athletic and non-athletic are the two major types of footwear, wherein non-athletic footwear holds a larger market share in comparison with athletic footwear. Both the segments would witness growth during the forecast period, on account of the growing consciousness of fitness, which subsequently boosts the market of athletic footwear; and the large demand of non-athletic footwear such as casual shoes, boots, sneakers, slip-ons, flip flops and formal shoes.

The raw materials that are commonly used in the manufacturing of footwear include suede leather, tanned leather, rubber, fur and textile fabrics. Leather footwear accounts for larger market share as compared to the non-leather footwear made of materials such as rubber, textile fabrics and similar others. The United Kingdom and United States are major  importers of leather  footwear.Presently,  retail  stores  are  a  significant  sales  channel  for  manufacturers,  however,  with  growing  e-commerce networks, the online platform would gain popularity over the forecast period.

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Key Findings of Footwear Market

• Increasing disposable  incomes and changing  lifestyles are some key  factors  that  influence  the market growth over the forecast period (2015 - 2020)

• Leather segment accounted for around 60% of the market in 2014 and would continue to dominate the market throughout the analysis period; Non-leather segment, with relatively smaller market share would witness faster growth during 2015 – 2020

• Asia Pacific accounts for the highest revenue generating region in the global market and would continue to lead the market over the forecast period

Footwear Market Dynamics

Drivers

• Changing lifestyles• Increasing health concerns• Rising number of working professionals• Increasing disposable income in various countries

• Rising number of sports inspired children

Restraints • Rising price of raw material

Opportunities• Rising demand for fancy and comfortable footwear

Footwear Market Key Segments

Key Segments

By Type

By Mode of Sale

By End User

By Material

Footwear Market – By Type

By TypeAthletic

Non - Athletic

Footwear Market – By Mode of Sale

By Mode of Sale

Retail Sales

Online Sales

Footwear Market – By End User

By End User

Men

Women

Children

Footwear Market – By Material

By Material

Leather Non - Leather

Footwear Market – By Geography

 North America, Europe, Asia Pacific, LAMEA

Key Players1. Nike Inc.

2. Adidas AG

3. PUMA

4. GEOX S.p.A

5. SKECHERS USA Inc.

6. Under Armour INC. 

7. Wolverine World Wide, Inc. 

8. Timberland

9. Crocs Retail Inc.

10. ECCO Sko A/S.

“The analysis of footwear market reveals that the segment of women footwear dominated the end- user segment, accounting for 50.5% market share in 2014. The segment would continue to maintain its leading position throughout the forecast period. The segment of children footwear would witness the fastest growth during the forecast period, on account of the large demand for stylish, trendy and fancy footwear for children.”

Gunjan Malani

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