The global footwear market is driven by factors such as growing demand for new design of footwear and growing awareness about healthy and active life style. Increasing population, propensity of people to spend more and emerging retail outlets have also attributed to the growing demand for footwear across the global market. The global footwear market is also facing some restraints which are slowing down the growth of the global footwear market. Rising prices of raw material and increasing environmental concerns are the main concerns for the global footwear market. However, there is a wide opportunity in the footwear market such as changing consumers’ lifestyle and fashion trends, emerging role of e-commerce and increasing new brands in the market that would enhance the demand of footwear market in the coming years.
In addition global footwear market is segmented into consumer group including men, women and children. Men accounted for the largest share in the footwear market with 52%, followed by women with 36%, and children with 12% market share globally. This growth is attributed to the increasing global population, which is dominated by the male gender.
Furthermore, the market is segmented on the basis of geographic region, which includes North America, Asia Pacific, Europe, and RoW. Asia Pacific is expected to account for maximum share in term of volume in the overall footwear market; whereas, North America accounts for maximum share in terms of value from 2014 to 2020.
Global Footwear Market, by gender
Global Footwear Market, by geography
- North America
- Asia Pacific