Global Footwear Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Athletic Footwear( Running Shoes, Sports Shoes, Trekking/Hiking Shoes, Other Athletic Footwear Types ), and Non-Athletic Footwear( Boots, Flip-Flops/Slippers, Sneakers, Other Non-Athletic Footwear ).

By Type;

Casual, Athletic/Sports, Formal, and Others.

By Distribution Channel;

Offline Retail Stores and Online Retail Stores.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn323366682 Published Date: May, 2025 Updated Date: June, 2025

Footwear Market Overview

Footwear Market (USD Million)

Footwear Market was valued at USD 413,638.01 million in the year 2024. The size of this market is expected to increase to USD 559,144.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.


Global Footwear Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.4 %
Market Size (2024)USD 413,638.01 Million
Market Size (2031)USD 559,144.34 Million
Market ConcentrationHigh
Report Pages332
413,638.01
2024
559,144.34
2031

Major Players

  • Adidas AG
  • ASICS Corp.
  • Burberry Group Plc
  • New Balance Athletics, Inc.
  • Nike Inc.
  • PUMA SE
  • Skechers USA Inc.
  • Under Armour Inc.
  • VF Corp.
  • Wolverine World Wide Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Footwear Market

Fragmented - Highly competitive market without dominant players


The Footwear Market is advancing steadily, fueled by the growing need for both functional and fashion-forward footwear. Currently, about 63% of the market is driven by demand for casual and sports categories. Shifts in lifestyle preferences and a push for innovation in materials are encouraging broader product diversification across brands.

Growth Drivers
Consumer preferences are evolving toward health-conscious and style-centric footwear, increasing the share of athletic products to 41%. Enhanced brand influence through social platforms and digital campaigns has created stronger engagement. The focus on design variety, comfort, and personal expression is also propelling market interest.

Technological Advancements
Cutting-edge technologies like 3D-printed soles and AI-enabled customization are being adopted by nearly 28% of producers. These innovations are improving consumer satisfaction and streamlining production. Performance-enhancing and tech-integrated footwear are emerging as new consumer favorites, contributing to market expansion.

Sustainability Trends
The market is increasingly shaped by sustainable practices, with over 34% of new products utilizing green materials. Brands are adopting eco-friendly production models and focusing on renewable resources like biodegradable components and synthetic alternatives to leather. These practices resonate strongly with environmentally conscious buyers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Outlook
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Footwear Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Athleisure Footwear
        2. Brands Implementing Robust Marketing Strategies

      2. Restraints
        1. Widespread Availability of Counterfeit Items
        2. Changing Consumer Preferences
      3. Opportunities
        1. Increasing Interest in Eco-Friendly Footwear
        2. Recent innovations have Introduced New Features and Designs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Footwear Market, By Product, 2021 - 2031 (USD Million)
      1. Athletic Footwear
        1. Running Shoes
        2. Sports Shoes
        3. Trekking/Hiking Shoes
        4. Others
      2. Non-athletic Footwear
        1. Boots
        2. Flip-Flops/Slippers
        3. Sneakers
        4. Others
    2. Global Footwear Market, By Type, 2021 - 2031 (USD Million)
      1. Casual

      2. Athletic/Sports

      3. Formal

      4. Others

    3. Footwear Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline Retail Stores
      2. Online Retail Stores
    4. Footwear Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. Canada
        2. United States
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Adidas AG
      2. ASICS Corp.
      3. Burberry Group Plc
      4. New Balance Athletics, Inc.
      5. Nike Inc.
      6. PUMA SE
      7. Skechers USA Inc.
      8. Under Armour Inc.
      9. VF Corp.
      10. Wolverine World Wide Inc.
  7. Analyst Views
  8. Future Outlook of the Market