Footwear: market data analysis & forecast

Market Insights report

Footwear: market data analysis & forecast

Footwear is the second most important fashion segment within the retail business just behind Apparel. The Footwear market comprises all kinds of shoes which are produced for private end customers. Key companies include Nike, Adidas, Puma, Asics and Under Armour. In 2022, the worldwide Footwear market realized a total revenue of US$382 billion. People in Hong Kong spent the largest share on Footwear, followed by Luxembourgers and Austrians. In this market report, growth potentials, market drivers, consumer insights, key players, and future developments are discussed from an international perspective.

What's included?

  • Market Overview and all relevant sales figures
  • Consumer insights and trends
  • Competitive analysis
  • Segment deep dives
  • KPI comparison: Sales and growth rates
  • Country and regional comparison
  • Market forecasts

Table of contents

The Footwear market comprises all kinds of shoes which are produced for private end customers. The Footwear market in the Statista Consumer Market Outlook is divided into four segments: Sneakers, Athletic Footwear, Leather Footwear and Textile & Other Footwear. Among manufacturers, the big sports brands (Nike, Adidas etc.) dominate an otherwise nationally and regionally fragmented landscape of small and middle-sized brands as well as private brands of shoe chain stores. 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.
This report from the series of Consumer Market Insights reports gives an overview of the Footwear market from an international perspective. Besides all relevant market figures like total and per capita revenues for the years from 2018 to 2028, we furthermore give detailed insights into current trends, key players and important background information on the Footwear market.

In general, the Footwear market is expected to grow at a CAGR of 1.8% between 2018 and 2028.

Note: CAGR: Compound Annual Growth Rate / average growth rate per year

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