Online Footwear Market by Product and Geography - Forecast and Analysis 2021-2025

The online footwear market share is expected to increase by USD 21.48 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.29%.

This online footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers online footwear market segmentation by product (non-athletic footwear and athletic footwear) and geography (APAC, North America, Europe, South America, and MEA). The online footwear market report also offers information on several market vendors, including adidas AG, Alibaba Group Holding Ltd., Amazon.com Inc., ASICS Corp., Bata Brands SA, eBay Inc., Fila Holdings Corp., Flipkart Internet Pvt Ltd, GEOX Spa, and Nike Inc. among others.

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

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Online Footwear Market: Key Drivers and Trends

The rising popularity of digital payment system is notably driving the online footwear market growth, although factors such as the presence of counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online footwear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online Footwear Market Driver

The rise in the popularity of digital payment system is one of the key factors driving the online footer market growth. A wide range of merchandise availability; 24/7 customer support with vast Internet reach; and several payment options through credit cards, Internet banking, cash-on-delivery (COD), and other payment service providers such as PayPal are helping customers make online payments securely. Furthermore, mobile wallets such as Apple Pay, Andriod Pay, and Samsung Pay are standard features on smartphones, fueling the online footwear market growth. The larger players such as Amazon.com, Google, MasterCard, and PayPal are investing largely in technology for easy and secured payments options.

Key Online Footwear Market Challenge

The availability of counterfeit products is one of the major challenges for the online footwear market growth. The markets are flooded with counterfeits of leading women's footwear brands, with names of original brands but priced lower than that of the original ones. These products are attracting masses, causing a considerable dent in the market shares of the original brands that are damaging their reputations as well. A key source of such counterfeit products is China that is shipping to developed markets such as the US, UK, Japan, Germany, and South Korea and also to emerging markets including India and Brazil, where they are predominantly sold online. The influx of such counterfeit products is expected to hamper the growth of the global online footwear market during the forecast period.

This online footwear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Online Footwear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• adidas AG
• Alibaba Group Holding Ltd.
• Amazon.com Inc.
• ASICS Corp.
• Bata Brands SA
• eBay Inc.
• Fila Holdings Corp.
• Flipkart Internet Pvt Ltd
• GEOX Spa
• Nike Inc.

This statistical study of the online footwear market encompasses successful business strategies deployed by the key vendors. The online footwear market is fragmented and the vendors are deploying growth strategies such as transport and logistics disruptions to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online footwear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Online Footwear Market?

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54% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the online footwear market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising urbanization and high population will facilitate the online footwear market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Online Footwear Market?

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The online footwear market share growth by the non-athletic footwear segment will be significant during the forecast period. The non-athletic footwear market segment offers casual, fancy, formal, and office footwear. The rising global demand for products in this category is driving this segment's growth significantly in the global online footwear market. Perhaps, most of the products in the non-athletic footwear category offer fashion accessories. Therefore, rising fashion consciousness among potential customers influenced by the fashion industry is a key factor determining the growth of the market segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online footwear market size and actionable market insights on post COVID-19 impact on each segment.

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive online footwear market growth during the next five years
• Precise estimation of the online footwear market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the online footwear industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of online footwear market vendors

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