Revenue in the Footwear market amounts to US$85.84bn in 2022. The market is expected to grow annually by 5.39% (CAGR 2022-2027).
The market's largest segment is the segment Textile & Other Footwear with a market volume of US$26.08bn in 2022.
In global comparison, most revenue is generated in the United States (US$85.84bn in 2022).
In relation to total population figures, per person revenues of US$256.40 are generated in 2022.
In the Footwear market, volume is expected to amount to 2,296.9m prs. by 2027. The Footwear market is expected to show a volume growth of 12.8% in 2023.
The average volume per person in the Footwear market is expected to amount to 5.7 pairs in 2022.
By 2022, 92% of sales in the Footwear market will be attributable to Non-Luxury goods.
The Footwear market comprises all kinds of shoes which are produced for private end customers, therefore including Leather Footwear, Athletic Footwear and other town footwear (e.g. with textile uppers) but excluding work and safety shoes. Just like the market for Apparel, the Footwear market is currently shaped by a tremendous change of customers’ purchase habits. The upswing in e-commerce and store concepts created by major sportswear manufacturers is putting a lot of pressure on stationary retail stores.
"Athleisure" footwear (everyday shoes with athletic design)