Footwear Market Poised for Robust Growth, Forecasted to Expand at 4.72% CAGR from 2025–30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Footwear Market size was valued at around USD 428 billion in 2024 and is projected to reach USD 564.44 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.72% during the forecast period, i.e., 2025-30.
Report Coverage
This report offers a comprehensive analysis of the Footwear Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2024
- Forecast Years: 2025–30
- Historical Years: 2020–23
Footwear Market Overview
Various factors like the increasing popularity of online shopping and social media play a big role in driving the growth & expansion of the Global Footwear Market. It is now much easier and accessible to buy different footwear due to the presence of online platforms and social media keeps everyone updated with trends leading to more purchases.
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Footwear Market Segmentation Outlook
The Footwear is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product Type
- Athletic
- Non-Athletic
By Material
- Leather
- Non-Leather
- Rubber
- Plastic
- Fabric
- Others
By End-User
- Men
- Women
- Children
By Sales Channel
- Online
- Offline
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Footwear Market Driver
Growing Popularity of Online Shopping – Due to an increase in the popularity of online shopping platforms and social media, the process of buying footwear has become easy and more accessible. Using social media, people can see what is trending and are more likely to align with current fashion trends, which results in more people buying footwear that is trending. People can now even customize and personalize their products on online shopping platforms which results in a much more unique product and customer satisfaction. This helps people to choose their style based on their preference which makes every product more personalized. Due to online platforms being so popular, various fashion influencers also use them to buy footwear, which makes the trend keep on changing and evolving and then resulting in many more purchases of similar products. Moreover, some brands like Adidas are integrating with Augmented Reality (AR), using which a person can virtually try the product.
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Top Footwear Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Adidas AG, Asics Corp. Authentic Brands Group LLC (Reebok International Limited), Bata Corporation, Columbia Sportswear, Deichmann SE, ECCO Sko A/S, Fila Holdings Corp., Geox, Jack Wolfskin, New Balance, Nike Inc., Puma SE, Relaxo Footwears Limited, Skechers USA, Inc., The ALDO Group, Timberland, Under Armour, Inc., Wolverine World Wide, Inc. and Others as key players shaping the market landscape.
Footwear Market News
- 2025: Adidas introduced a new Originals Golf line, blending streetwear and golf culture. The collection, featuring sneakers like the Coursecup and Gazelle Golf, was inspired by the growing influence of streetwear in golf. Released ahead of the 2025 Master’s Tournament, the line showcased apparel in vibrant blues, greens, yellows, and whites.
- 2024: Timberland Pro diversified its product range by including footwear tailored for the hospitality sector. Through its specialized division for skilled trade professionals, Timberland launched the Burbank Collection, marking the brand’s inaugural line of footwear designed specifically for workers in the restaurant and hotel sectors. The collection features industry-standard all-black designs meticulously crafted to prioritize comfort, durability, protection, and slip resistance.
- 2024: Nike Inc., introduced its new product, the Air Max Dn Shoe, designed to be comfortable and appealing.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link
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