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Footwear Market by Product, End-user, Distribution channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 181
  • SKU: IRTNTR40599
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The footwear market is estimated to grow at a CAGR of 5.69% between 2022 and 2027. The size of the market is forecast to increase by USD 133.09 billion. The growth of the market depends on serval factors, including design and material innovations leading to product premiumization, rising demand for exclusive designer collections, and high influence of celebrity endorsements.

This report extensively covers market segmentation by product (non-athletic footwear and athletic footwear), end-user (women, men, and children), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Footwear Market be During the Forecast Period?

Footwear Market Size

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Parent Market Analysis

Technavio categorizes the global footwear market as a part of the global apparel, accessories, and luxury goods market, & within the global Consumer Discretionary industry. The parent market, the global apparel, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Footwear Market: Key Drivers, Trends, Challenges, and Customer Landscape

The design and material innovations leading to product premiumization are notably driving the market growth, although factors such as rising labour costs and fluctuating raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Footwear Market Driver

Design and material innovations leading to product premiumization are the key factors driving the global footwear market growth. Market vendors are constantly innovating and introducing new patterns and designs in footwear due to market competition and evolving customer demand because of continuous changes in the fashion industry. Customers seek footwear especially leather footwear, for formal wear and casual footwear, such as sports or canvas shoes. Therefore, the vendors regularly expand their brand and product lines.

The demand for premium leather footwear, which is designed and decorated with hard metals such as gold and silver and studded with precious stones such as diamonds, is high. Therefore, vendors are introducing footwear that is designed and decorated with gold and silver. Most footwear products that are made of metal and precious stones are usually customized according to the customer's requirements. Hence, the use of metal and precious stones and product personalization leads to product premiumization. Thus, with increasing demand for personalized footwear products, the market will witness high growth during the forecast period.

Key Footwear Market Trend

The increasing demand for customized footwear will fuel the global footwear market growth. The customization of footwear is an emerging trend among target customers. Customization is available for various types of footwear. The customization of premium footwear includes the use of hard metals, such as gold and silver, and precious stones, such as diamonds. In the last five years, the popularity of customized products has increased in developed regions such as North America and Europe. Emerging economies, such as China and India, are also experiencing a growing demand for customized premium goods, including premium footwear.

In the premium footwear segment, the leading vendors offer customized products that have an aesthetic appeal. The extent of personalization can vary in terms of the design, logo, color, and buckles to embroidery or adding names. For instance, Nike, one of the key vendors, offers customized shoes under its 'Nike By You' segment. This allows customers to customize their shoes in terms of the color of the shoe, the design of the shoe sole, and the printing of custom text. The introduction of customization in footwear globally complements market growth through new purchases. Thus, the customization of footwear is expected to increase the revenues of footwear manufacturers during the forecast period.

Key Footwear Market Challenge

The rising labor costs and fluctuating raw material prices are major challenges to the global footwear market growth. Several international vendors, such as Prada, Tapestry, and D&G, have their own production facilities or original equipment manufacturer (OEMs) partners in Asian countries, such as China, India, Indonesia, Bangladesh, and Vietnam. This is due to the availability of low-cost manufacturing and the low cost of operations in these countries. However, in the last decade, the cost of labour in these countries has also risen rapidly, which has increased the cost of production. Evolving and dynamic economic conditions have also adversely affected the cost of labor in countries from which the vendors import their supplies.

Fluctuations in raw material costs are another challenge for vendors. The process of manufacturing footwear includes the procurement and use of several raw materials according to the type of footwear. The cost of these materials is also dependent on transportation costs. Transportation costs include the supply of raw materials to factories, the supply of intermediary goods to production sites, the transportation of end products to warehouses, and the delivery of finished goods to end users. Such fluctuations in the prices of raw materials and increasing labor costs may restrain the growth of the market during the forecast period.

Key Footwear Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Footwear Market Share by Geography

Global Footwear Market Customer Landscape

Who are the Major Footwear Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

dolcegabbana.com - The company offers footwear such as marabou sandals. Also, under this segment, the company offers footwear, clothing, accessories, beauty products for men, women, and children, and food and beverages.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Adidas AG
  • ASICS Corp.
  • Brooks Sports Inc.
  • Burberry Group Plc
  • ECCO USA Inc.
  • FILA Holdings Corp.
  • GEOX Spa
  • Hermes International SA
  • Kering SA
  • Li Ning Co. Ltd.
  • LVMH Moet Hennessy Louis Vuitton SE
  • New Balance Athletics Inc
  • Nike Inc.
  • PUMA SE
  • Skechers USA Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Footwear Market?

The market share growth by the non-athletic footwear segment will be significant during the forecast period. The non-athletic footwear segment is the largest product segment in the global footwear market. This segment includes the casual, fashion, and formal/work footwear categories. The key factors driving the demand for non-athletic footwear include the growing consumer fashion consciousness and the rising adoption of trendy shoes in the men and children segments. In addition, the demand for private-label footwear brands is increasing due to the availability of top-quality footwear products at low prices. Furthermore, non-athletic footwear witnesses high demand as many customers prefers to buy multiple pairs of non-athletic footwear to be worn on different occasions and for various purposes. Although this trend is observed among all age groups, it is comparatively high among Generation Z and Millennials. The availability of comfortable and trendy non-athletic footwear is expected to augment the growth of this segment during the forecast period. 

Footwear Market Size

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The non-athletic footwear segment showed a gradual increase in market share from USD 246.12 billion in 2017 and continued to grow by 2021. The demand for premium non-athletic footwear is also growing at a rapid pace across the globe. The growth in the demand for premium non-athletic footwear is mainly attributed to the rising disposable income of the population across the globe. High disposable incomes of consumers are raising their spending power, empowering them to spend more on premium fashion products such as footwear. Such factors will increase segment growth during the forecast period.

Which are the Key Regions for the Footwear Market?

Footwear Market Share by Geography

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APAC is projected to contribute 36% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in APAC is expected to grow at the fastest rate during the forecast period, mainly due to the rising disposable incomes of people, the increasing preference for premium footwear, and the growing health consciousness among people (leading to the high demand for athletes footwear, especially training shoes).

The main revenue contributors to the market in APAC are China, India, and Japan. China is the most prominent market for footwear in the region due to the increased spending by Chinese consumers on fashion products such as footwear. China and India are two of the most populous countries in the world and represented 36.32% of the global population in 2016. Also, most footwear, especially daily-use and lifestyle shoes, is easily affordable by the mass population in these countries. Furthermore, China and India are two of the fastest-growing economies in the world, which means that the disposable incomes of people are increasing in these countries. Owing to these factors, the market in APAC is expected to grow during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Product Outlook ( USD Billion, 2017 - 2027)
    • Non-athletic footwear
    • Athletic footwear
  • End-user Outlook ( USD Billion, 2017 - 2027)
    • Women
    • Men
    • Children
  • Distribution Channel Outlook ( USD Billion, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook ( USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Argentina
      • Brazil
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Footwear Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.69%

Market growth 2023-2027

USD 133.09 billion

Market structure

Fragmented

YoY growth (%)

4.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, UK, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana Srl, ECCO USA Inc., FILA Holdings Corp., GEOX Spa, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Moet Hennessy Louis Vuitton SE, New Balance Athletics Inc, Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., and Wolverine World Wide Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Footwear Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the footwear market size and its contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behaviour.
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of footwear market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global footwear market 2017 - 2021
      • Exhibit 19: Historic Market Size – Data Table on Global footwear market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
    • 4.5 Geography Segment Analysis 2017 - 2021
      • Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.6 Country Segment Analysis 2017 - 2021
      • Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 25: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 32: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 33: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 34: Chart on Comparison by Product
      • Exhibit 35: Data Table on Comparison by Product
    • 6.3 Non-athletic footwear - Market size and forecast 2022-2027
      • Exhibit 36: Chart on Non-athletic footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 37: Data Table on Non-athletic footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Chart on Non-athletic footwear - Year-over-year growth 2022-2027 (%)
      • Exhibit 39: Data Table on Non-athletic footwear - Year-over-year growth 2022-2027 (%)
    • 6.4 Athletic footwear - Market size and forecast 2022-2027
      • Exhibit 40: Chart on Athletic footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 41: Data Table on Athletic footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Chart on Athletic footwear - Year-over-year growth 2022-2027 (%)
      • Exhibit 43: Data Table on Athletic footwear - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 44: Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 45: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 46: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 47: Chart on Comparison by End-user
      • Exhibit 48: Data Table on Comparison by End-user
    • 7.3 Women - Market size and forecast 2022-2027
      • Exhibit 49: Chart on Women - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Data Table on Women - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Chart on Women - Year-over-year growth 2022-2027 (%)
      • Exhibit 52: Data Table on Women - Year-over-year growth 2022-2027 (%)
    • 7.4 Men - Market size and forecast 2022-2027
      • Exhibit 53: Chart on Men - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Data Table on Men - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 55: Chart on Men - Year-over-year growth 2022-2027 (%)
      • Exhibit 56: Data Table on Men - Year-over-year growth 2022-2027 (%)
    • 7.5 Children - Market size and forecast 2022-2027
      • Exhibit 57: Chart on Children - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Data Table on Children - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 59: Chart on Children - Year-over-year growth 2022-2027 (%)
      • Exhibit 60: Data Table on Children - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 61: Market opportunity by End-user ($ billion)

    8 Market Segmentation by Distribution Channel

    • 8.1 Market segments
      • Exhibit 62: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 63: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 8.2 Comparison by Distribution Channel
      • Exhibit 64: Chart on Comparison by Distribution Channel
      • Exhibit 65: Data Table on Comparison by Distribution Channel
    • 8.3 Offline - Market size and forecast 2022-2027
      • Exhibit 66: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 8.4 Online - Market size and forecast 2022-2027
      • Exhibit 70: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 8.5 Market opportunity by Distribution Channel
      • Exhibit 74: Market opportunity by Distribution Channel ($ billion)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Geographic Landscape

    • 10.1 Geographic segmentation
      • Exhibit 76: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 77: Data Table on Market share by geography 2022-2027 (%)
    • 10.2 Geographic comparison
      • Exhibit 78: Chart on Geographic comparison
      • Exhibit 79: Data Table on Geographic comparison
    • 10.3 APAC - Market size and forecast 2022-2027
      • Exhibit 80: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 83: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 10.4 North America - Market size and forecast 2022-2027
      • Exhibit 84: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 87: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 10.5 Europe - Market size and forecast 2022-2027
      • Exhibit 88: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 91: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 10.6 South America - Market size and forecast 2022-2027
      • Exhibit 92: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 95: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 10.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 96: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 99: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 10.8 US - Market size and forecast 2022-2027
      • Exhibit 100: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 103: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 10.9 China - Market size and forecast 2022-2027
      • Exhibit 104: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 107: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 10.10 UK - Market size and forecast 2022-2027
      • Exhibit 108: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 111: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 10.11 Germany - Market size and forecast 2022-2027
      • Exhibit 112: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 115: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 10.12 France - Market size and forecast 2022-2027
      • Exhibit 116: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 119: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 10.13 Market opportunity by geography
      • Exhibit 120: Market opportunity by geography ($ billion)

    11 Drivers, Challenges, and Trends

    • 11.1 Market drivers
      • 11.2 Market challenges
        • 11.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 11.4 Market trends

          12 Vendor Landscape

          • 12.1 Overview
            • 12.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 12.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 12.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            13 Vendor Analysis

            • 13.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 13.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 13.3 Adidas AG
              • Exhibit 127: Adidas AG - Overview
              • Exhibit 128: Adidas AG - Key offerings
            • 13.4 ASICS Corp.
              • Exhibit 129: ASICS Corp. - Overview
              • Exhibit 130: ASICS Corp. - Business segments
              • Exhibit 131: ASICS Corp. - Key offerings
              • Exhibit 132: ASICS Corp. - Segment focus
            • 13.5 Brooks Sports Inc.
              • Exhibit 133: Brooks Sports Inc. - Overview
              • Exhibit 134: Brooks Sports Inc. - Product / Service
              • Exhibit 135: Brooks Sports Inc. - Key offerings
            • 13.6 Burberry Group Plc
              • Exhibit 136: Burberry Group Plc - Overview
              • Exhibit 137: Burberry Group Plc - Business segments
              • Exhibit 138: Burberry Group Plc - Key offerings
              • Exhibit 139: Burberry Group Plc - Segment focus
            • 13.7 Dolce and Gabbana Srl
              • Exhibit 140: Dolce and Gabbana Srl - Overview
              • Exhibit 141: Dolce and Gabbana Srl - Product / Service
              • Exhibit 142: Dolce and Gabbana Srl - Key offerings
            • 13.8 ECCO USA Inc.
              • Exhibit 143: ECCO USA Inc. - Overview
              • Exhibit 144: ECCO USA Inc. - Product / Service
              • Exhibit 145: ECCO USA Inc. - Key offerings
            • 13.9 FILA Holdings Corp.
              • Exhibit 146: FILA Holdings Corp. - Overview
              • Exhibit 147: FILA Holdings Corp. - Business segments
              • Exhibit 148: FILA Holdings Corp. - Key offerings
              • Exhibit 149: FILA Holdings Corp. - Segment focus
            • 13.10 GEOX Spa
              • Exhibit 150: GEOX Spa - Overview
              • Exhibit 151: GEOX Spa - Business segments
              • Exhibit 152: GEOX Spa - Key offerings
              • Exhibit 153: GEOX Spa - Segment focus
            • 13.11 Hermes International SA
              • Exhibit 154: Hermes International SA - Overview
              • Exhibit 155: Hermes International SA - Business segments
              • Exhibit 156: Hermes International SA - Key offerings
              • Exhibit 157: Hermes International SA - Segment focus
            • 13.12 Kering SA
              • Exhibit 158: Kering SA - Overview
              • Exhibit 159: Kering SA - Business segments
              • Exhibit 160: Kering SA - Key offerings
              • Exhibit 161: Kering SA - Segment focus
            • 13.13 Li Ning Co. Ltd.
              • Exhibit 162: Li Ning Co. Ltd. - Overview
              • Exhibit 163: Li Ning Co. Ltd. - Product / Service
              • Exhibit 164: Li Ning Co. Ltd. - Key news
              • Exhibit 165: Li Ning Co. Ltd. - Key offerings
            • 13.14 LVMH Moet Hennessy Louis Vuitton SE
              • Exhibit 166: LVMH Moet Hennessy Louis Vuitton SE - Overview
              • Exhibit 167: LVMH Moet Hennessy Louis Vuitton SE - Business segments
              • Exhibit 168: LVMH Moet Hennessy Louis Vuitton SE - Key news
              • Exhibit 169: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
              • Exhibit 170: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
            • 13.15 New Balance Athletics Inc
              • Exhibit 171: New Balance Athletics Inc - Overview
              • Exhibit 172: New Balance Athletics Inc - Product / Service
              • Exhibit 173: New Balance Athletics Inc - Key offerings
            • 13.16 Nike Inc.
              • Exhibit 174: Nike Inc. - Overview
              • Exhibit 175: Nike Inc. - Business segments
              • Exhibit 176: Nike Inc. - Key news
              • Exhibit 177: Nike Inc. - Key offerings
              • Exhibit 178: Nike Inc. - Segment focus
            • 13.17 VALENTINO Spa
              • Exhibit 179: VALENTINO Spa - Overview
              • Exhibit 180: VALENTINO Spa - Product / Service
              • Exhibit 181: VALENTINO Spa - Key offerings

            14 Appendix

            • 14.1 Scope of the report
              • 14.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 14.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 14.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 14.5 List of abbreviations
                • Exhibit 188: List of abbreviations
              • revenues of vendors mentioned in this report have been obtained from the latest available annual reports.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

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                Footwear market growth will increase by $133.09 billion during 2023-2027.
                The footwear market is expected to grow at a CAGR of 5.69% during 2023-2027.
                Technavio has segmented the footwear market by product (Non-athletic footwear and Athletic footwear) ,end-user (Women, Men, and Children) , and distribution channel (Offline and Online).
                Adidas AG, ASICS Corp., Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana Srl, ECCO USA Inc., FILA Holdings Corp., GEOX Spa, Hermes International SA, Kering SA, Li Ning Co. Ltd., LVMH Moet Hennessy Louis Vuitton SE, New Balance Athletics Inc, Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VALENTINO Spa, VF Corp., Wolverine World Wide Inc. are a few of the key vendors in the footwear market.
                APAC will register the highest growth rate of 35.56% among the other regions. Therefore, the footwear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                • US
                • China
                • UK
                • Germany
                • France
                The key factors driving the footwear market growth are:
                • Design and material innovations leading to product premiumization
                • Increasing demand for customized footwear
                The footwear market vendors should focus on grabbing business opportunities from the non-athletic footwear segment as it accounted for the largest market share in the base year.
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