Footwear Market Share, Demand Analysis, Forecast, 2032

Market Overview:

According to Fortune Business Insights, Global Footwear Market size was valued at USD 463.87 billion in 2024 and is expected to be worth USD 495.46 billion in 2025. The market is projected to reach USD 789.52 billion by 2032, recording a CAGR of 6.88% during the forecast period.

The global footwear market includes a wide range of products, such as boots, sandals, shoes, and slippers. These items are available in diverse designs, colors, and materials, enhancing their appeal among consumers. Key factors fueling market growth include rising disposable incomes, increasing demand for premium and high-quality footwear, rapid urbanization, and shifting consumer lifestyles.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

Nike, Inc. (U.S.)
Adidas AG (Germany)
Skechers (U.S.)
Puma SE (Germany)
Under Armour (U.S.)
Crocs, Inc. (U.S.)
Geox (Italy)
ECCO Sko A/S (Denmark)
New Balance (U.S.)
Relaxo Footwears Limited (India)

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Segmentation:

Casual Segment Captured Dominant Share Driven by Their Ease and Suitability Factors

In terms of type, the market is segmented into casual, athletic/sports, formal, and others. The casual segment captured the dominant global footwear market share in 2024, driven by its comfort and suitability factors. Casual footgear is available in various designs and aligns with the latest fashion trends.

Men Segment Led Market Owing to Rise in Fashion Consciousness and High Interest in Sports Activities

In terms of end user, the global market is segmented into men, women, and kids. The men segment held the leading position in the global market. The segment’s growth can be attributed to the surge in fashion awareness in the male population and their high interest in sports activities such as cricket and football.

Supermarket/Hypermarket Segment Led Market Owing to Wide Availability of Diverse Array of Brands

In terms of distribution channels, the market is categorized into supermarkets/hypermarkets, specialty stores, online/e-commerce, and others. The supermarket/hypermarket segment led the market owing to the wide availability of a diverse array of footwear brands. They also provide an extensive variety of footgear at affordable prices and offer promotional discounts, increasing consumer interest in them.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report presents an in-depth analysis of the global footwear market, examining key aspects such as major product types, distribution channels, end-user segments, and prominent market players. It also highlights the latest market trends and significant industry developments. In addition to these areas, the report provides insights into various other factors that have contributed to the market’s growth.

Drivers and Restraints:
Rising Sports Participation and Sustainable Trends to Drive Market Growth
The growing interest in sports activities such as football and cricket—motivated by fitness, recreation, and health benefits—is significantly boosting the demand for sports footwear. Increased participation in sports events and tournaments further accelerates product adoption. Additionally, heightened consumer awareness about environmental issues is driving demand for eco-friendly footwear made from sustainable materials like organic cotton and recycled plastics. In response, leading manufacturers are ramping up their production of environmentally responsible footwear.

However, the market faces challenges due to varying regulations and policies governing the manufacturing and sale of footwear, which could potentially hinder overall market growth.

Regional Insights:
Asia Pacific Leads Due to Strong Manufacturing Base and E-commerce Growth
Asia Pacific dominated the global footwear market in 2024, primarily driven by the presence of major manufacturing hubs such as China and India. These countries are among the world’s top footwear producers. Additionally, the rapid growth of the e-commerce sector—spurred by increasing internet penetration and smartphone usage—is contributing to the region’s market expansion.

North America Ranks Second with Demand for Smart Footwear
North America holds the second-largest market share, supported by a tech-savvy consumer base that is increasingly drawn to smart footwear featuring innovations like GPS tracking and smartphone connectivity. The U.S. remains a key contributor to regional growth, with high engagement in sports such as football and hockey fueling strong demand for performance-driven footwear.

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Competitive Landscape:

Leading Players Focus on Cutting-Edge and Unique Footgear Development to Strengthen Their Market Positions

Intense competition comprising mid-scale, large-scale, premium, and local brands characterizes the global market. These brands are incorporating various strategic initiatives such as collaboration, production expansion, and marketing to strengthen their market positions. The leading players are focusing on cutting-edge and unique footgear development with features such as 3D printing.

Notable Industry Development:

May 2024: Skechers, an American brand of footgear and apparel, launched its new store in Prague. The store is located in High Street Na Príkope and offers products such as footgear, accessories, and apparel.