38% of the growth will come from North America for the footwear market: by product, end user, distribution channel and geography


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According to the recent Technavio market study, the Footwear market share in the footwear industry should increase by $ 16.85 billion from 2020 to 2025, with an accelerated CAGR of 1.13%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will register the highest growth rate of 38% among other regions. China and India are the key markets for footwear. Moreover, the market growth in APAC will be faster than the market growth in other regions.

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Supplier Information-

The footwear market is fragmented and suppliers are deploying organic and inorganic growth strategies to compete in the market.

Burberry Plc Group – In May 2021, the company launched a series of global pop-ups to celebrate the brand’s signing Olympia bag, with the first opening at Harrods. which is specially designed to provide an even smoother and more cushioned ride.

ASICS Corp. – In April 2021, the company launched MAGIC SPEED, which delivers top performance and fuel efficiency to help runners run longer and faster.

Under Armor Inc. – In February 2021, the company unveiled its top-performing running shoe, the UA Flow Velociti Wind.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The APAC footwear market is expected to generate significant business opportunities for vendors during the forecast period. China and India are the key markets for footwear in APAC. The market growth in this region will be faster than the market growth in other regions.

Increasing disposable income of people, growing preference for premium quality footwear and growing health awareness among people will facilitate the growth of footwear market in APAC during the forecast period.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

  • Footwear market driver:
    • Design and material innovations leading to the premiumization of products:

Suppliers are constantly innovating and introducing new models and designs due to market competition and changing customer demand due to continuous changes in the fashion industry. Customers look for shoes for formal purposes, especially leather shoes, and casual ones, such as athletic shoes or canvas shoes. Therefore, sellers regularly expand their brand and product lines. Sports shoes belong to the promoted product segment. The demand for such shoes has increased due to the availability of innovative products, which offer high-end appeal, which can also be used as party wear. Strong demand and premiumization allow manufacturers to increase the price of their products. Innovations in celebrity product designs and approvals have enabled vendors to meet the demand of high income customers. Major suppliers design personalized and personalized athletic shoes to expand their customer base.

  • Footwear Market Trend:
    • Growing demand for custom shoes:

Personalization is available for different types of shoes. High-end shoe customization includes the application of hard metals, such as gold and silver, and precious stones, such as diamonds. Over the past five years, the popularity of personalized products has increased in developed regions such as the Americas and Europe. Emerging countries, such as China and India, are also experiencing a growing demand for high-end personalized products, including high-end shoes. In the premium segment, the main suppliers offer personalized products, which have aesthetic appeal. The extent of customization may vary from design, logo, color, buckles to embroidery or adding names. The advent of footwear customization on a global scale complements the market growth through new purchases. During the forecast period, shoe customization is expected to increase the revenue of shoe manufacturers.

Find additional information on various other market drivers and trends mentioned in our FREE sample report.

Here are some similar topics-

High Heel Shoes Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025: The high-heeled footwear market share is expected to increase by USD 1.70 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 1.35%. Download a free sample exclusive report

Sports Footwear Market by Product, End User, Distribution Channel, Application, and Geography – Forecast and Analysis 2021-2025: The sports footwear market has the potential to grow in $ 8.36 billion during 2021-2025, and the market growth momentum will accelerate at a CAGR of 1.95%. Download a free sample exclusive report

Scope of the footwear market

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a CAGR of 1.13%

Market growth 2021-2025

$ 16.85 billion

Market structure


Annual growth (%)


Regional analysis

APAC, North America, Europe, South America and MEA

Efficient contribution to the market

38% APAC

Main consumer countries

United States, China, United Kingdom, Germany, France and India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

adidas AG, ASICS Corp., Burberry Group Plc, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armor Inc., VF Corp. and Wolverine World Wide Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period


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SOURCE Technavio


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