According to BlueWeave Consulting, The Global Footwear Market is expected to grow with a significant rate during the forecast period 2015-2025. Footwear is increasingly gaining popularity as a fashion accessory among consumers worldwide. The increasing role of footwear as a precursor to new fashion trends is a lucrative share in the market. Growing enthusiasm and awareness regarding health benefits of sports & fitness activities backed up by flourishing retail e-commerce sector globally and the rising disposable income of consumers in developing countries are estimated to drive the growth of footwear market over the forthcoming periods. Moreover, the health-conscious consumer starts preferring the appropriate type of shoes for sports activities in order to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain which in turn increases the sales volume of footwear.

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The increasing demand for trendy, yet comfortable footwear among consumer of all age group is also pushing the footwear market globally. Also, the prominent players in the market are focusing on developing innovative technologies to increase the stability of shoes and make them comfortable which helps to provide maximum flexibility and adequate support along the ankle to ensure free foot movement. Furthermore, the rising demand for different types of footwear products is paving new opportunities for the manufacturers. Additionally, Key players are using various platforms, such as the Olympic Games, F1 car racing events and are collaborating with international sports platforms aiming to promote the products worldwide.

Non-Athletic Footwear Projected To Be the Most Lucrative Product Segment of Global Footwear Market over the Forecast Period

On the basis of the product, the global footwear market can be classified as athletic and non-athletic footwear. The non-athletic footwear is dominating the footwear market such as Loafers & Boat shoes, which falls under the non-athletic shoe category is most popular among the consumers, globally. The non-athletic footwear is dominating, which can be attributed due to the daily usage of running shoes and the availability of these shoes at reasonable prices from affordable athletic shoes to highly luxurious athletic shoes. Moreover, the demand for new casual footwear types characterized by a combination of style and comfort is rising in a population of all age group. Recent product launch of footwear such as Timberland launched limited edition boat shoe collection, which was dedicated to some of the European countries such as Italy, Germany, France, U.K, and Spain are boosting the popularity of footwear.

Female Segment Is Projected To Be the Fastest Growing End-User Segment of Global Footwear Market

The Male segment accounted for the highest footwear market share of the global footwear market over the coming years. However, the women segment is projected to grow with a healthy growth rate over the forecast period. The Female segment is growing owing to the inclination of female consumer towards the purchasing of footwear based on the different attires they wear on different occasions.

Asia Pacific Region Is Projected To Dominate the Global Footwear Market during the Anticipated Period

The Asia Pacific region dominated the global footwear market and is expected to retain its leading position throughout the forecast period. Moreover, the region is expected to witness the fastest growth over the coming years. Countries such as China India, Japan, and Australia recorded an increasing number of footwear purchases over the years. Owing to the rising income level, favorable governmental policies, promotion of the sporting events, increasing media exposure and rapid development of the economy are the key factors driving the demand for footwear in this region. However, North America is projected to witness a promising growth rate and is an important region in terms of revenue generation of the global footwear market.

Global Footwear Market: Competitive Landscape

Key players operating in Global Footwear market includes Adidas AG, Nike Inc., Bata Limited, Puma SE, Asics Corporation, VF Corporation, New Balance Athletics, Inc., Deichmann SE, The Columbia Sportswear Company, Polartec, LLC, Skechers USA, Inc., Wolverine World Wide, Inc. Major Key Players are focused on organic and inorganic strategies such as merger & acquisition and new product launches to enhance their business and product.

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View Important Points Covered in This Study Report for Competitive Analysis:

Research Framework

Research Methodology

Executive Summary

Voice of Customer

Industry Insights

Global Footwear Market Overview

Global Footwear Market, By Type

Global Footwear Market, By Material

Global Footwear Market, By End-User

Global Footwear Market, By Distribution Channel

Global Footwear Market, By Region

Company Profile (Company Overview, Financial Matrix, and Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global footwear Market size & forecast. The report promises to provide state-of-the-art technology of footwear production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

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Orthopedic footwear are special type of shoes designed for individuals suffering from several foot disorders, medical conditions or diseases such as plantar fasciitis, hammer toes, blisters, bunions, foot injuries, heel spurs, alignment issues of the musculoskeletal system, unequal leg length, and diabetes.

Orthopedic Footwear Market Drivers

Increasing developments for the treatment of orthopedic disorder is expected to boost the Orthopedic Footwear Market during the forecast period. In July, 2018, Wright Medical Group N.V presented its full range of lower extremities and biologic solutions, including the PROstep minimally invasive surgery system and AUGMENT injectable bone graft at the American Orthopedic Foot & Ankle Society (AOFAS) 2018 Annual Meeting at the Hynes Convention Center in Boston, Massachusetts.   

Increasing prevalence of plantar fasciitis is expected to boost orthopedic footwear market growth. For instance, in October 2018, National Center for Biotechnology Information (NCBI) stated that plantar fasciitis occur in around 10% of the global population, with 83% of these patients being active working adults between the age of 25 and 65 years old. Plantar fasciitis is a common foot condition that involves inflammation of the plantar fascia.

Increasing geriatric population with painful conditions of the foot is a major trend driving growth of the orthopedic footwear market. For instance, in May 2016, a literature survey conducted by Medline and Embase stated that at least one in four older people are affected by foot pain. An older person also tends to have weaker natural shock absorbers. Orthopedic shoes are specially designed to accommodate the older person’s feet to protect their heels from any injury.

Orthopedic Footwear Market Restraints

However, availability of alternative treatments for orthopedic foot condition is expected to hamper market growth. For instance, a podiatry clinic in Sydney, Alternative Foot Solutions, offers foot mobilization podiatry and acupuncture for the treatment of a wide range of foot pain, heel pain, biomechanical, and body movement issues.

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Orthopedic Footwear Market – Regional Analysis

On the basis of region, the global orthopedic footwear market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to hold dominant position in the global orthopedic footwear market, owing to rising incidence of planter fasciitis in the region. For instance, in December 2017, according to American Journal of Orthopedics, around 10% of the U.S. population experiences bouts of heel pain, which results in 1 million visits per year to medical professionals for the treatment of plantar fasciitis. The annual cost of treatment for plantar fasciitis is estimated to be between US$ 192 Mn and US$ 376 Mn.

Increasing awareness about foot-related disorders among people in Asia Pacific is expected to fuel the market growth in this region. Moreover, acquisitions by key players in this region is expected to drive growth of the market. For instance, in January 2016, In’Tech Medical SAS, a world leader in contract manufacturing of surgical instruments in orthopedics, acquired Ortho Solutions Sdn Bhd, a premier Asian contract manufacturer of orthopedic implants and instruments. The acquisition aimed to provide In’Tech Medical Group with a well-established platform to enter the Asia Pacific markets.

Key players operating in the global orthopedic footwear market include New Balance, Orthopedic Bracing Solutions Inc., Dr Comfort, Mephisto, Propet, Clark’s, Piedro, Sole, Rokab, Orthofeet, Vionic, Apex, DARCO, Drew Shoe, Duna, and Chaneco.

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Due to the growing demand for trendy, fancy yet comfortable footwear among all age groups is one of a key factor driving the global footwear industry. On the regional analysis of the market, Asian countries such as India and China are prime exporters of leather footwear across emerging countries such as UK and US footwear market. Over the past decade, the global footwear market growth is widely expanded and is estimated to showcase consistent results at the same pace in the years to come. The expectation of the global market is apparently based on revenue generated by the sale of footwear.

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The global footwear market 2017 was valued at USD xx million and estimated to project the value of USD xx million in 2025, registering a CAGR of x.x% during the forecast period.

Leather footwear are premium products gaining a traction of significant market share in the global market for footwear. Moreover, rising health concerns are dominating individuals to perform outdoor and indoor physical activities. This existing trend has boosted a high demand for athletic/sports shoes.

The global footwear market trends is segmented into several classification including type, mode of sale, end user, material, and geography. Based on the type the footwear market is categorized in athletic, and non-athletic. Furthermore, on the basis of mode of sale the global footwear market is classified into retail sales, and online sales. Whereas, based on the end user the footwear market is divided into men and women. On the basis of material the global footwear market is fragmented into leather and non-leather. Based on the region, the market is widely range to North America, Europe, Asia Pacific, and LAMEA.

However, key players of the global footwear market are dedicatedly focusing on expansion of their sales plans through several web portals across various regions. Online platforms are gaining an effective traction among teenagers and youths, thereby occupying a significant share among all distribution channels. Presently, manufacturers are case studying on developing and innovating new products to maintain the market presence.

Looping on to the geographical view, Asia Pacific efficiently generated the highest revenue results in the global footwear industry. China is known to hold one of the largest manufacturer, consumer, and exporter of footwear in the Asia Pacific region. Furthermore, Asian countries such as India, and China are the prime producers of footwear across the globe. These countries hugely export their footwear products to United Kingdom and United States. China has secured superior position in the global footwear industry. Non-athletic footwear has evidenced increased demand among individuals owing to changing lifestyles in this position. Domestic footwear manufacturers dominate the Chinese footwear market share.

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Distributors of footwear sandals, and boots, supply shoes, different such as brand outlets, online stores, retail stores, discount stores, and manufacturers are winning every possible online web portals. With the retail platforms, manufacturers understand the overall market demand and have enclosed their own outlets across various potential markets. Online store is the most effective channel of distribution and is a convenient medium for customers to purchase footwear items.

Leading players of the global footwear market include Adidas AG, SKECHERS USA, Crocs Retail, ECCO Sko A/S, Wolverine World Wide, Inc., Timberland, Inc., PUMA, Under Armour, GEOX S.p.A, Inc., and Nike Inc., INC.

Key Segmentation of the Global Footwear Market 2018-2025

MARKET BY TYPE

Athletic

Non Athletic

MARKET BY MODE OF SALE

Retail Sales

Online Sale

MARKET BY END USER

Men

Women

Children

MARKET BY MATERIAL

Leather

Non leather

MARKET BY GEOGRAPHY

North America

Europe

Asia-Pacific

LAMEA

What to expect from the upcoming report on ‘Global Footwear Market:

- Future prospects and current trends of the global footwear market by the end of forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing economies

- Supportive initiatives by government likely to influence the market dynamics

- Trends, drivers, opportunities, restraints, challenges and key developments in the market

- In-depth analysis of different market segmentations including regional segmentations, and product types

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