Latest News- Footwear Market: Non-athletic footwear is expected to lead the Product segment during 2025-2029

The Footwear Market is being driven by Design and material innovations leading to product premiumization

The Footwear Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 103.6 billion. In the high-end footwear market, the trend toward personalized products is gaining traction among discerning consumers. Customization options extend to various footwear types, with premium offerings featuring the application of precious metals, such as gold and silver, and precious stones, like diamonds. Over the past five years, demand for customized premium goods, including footwear, has surged in developed regions such as the Americas and Europe. Emerging economies, including China and India, are also witnessing a rising preference for customized luxury items. In the premium footwear segment, leading vendors provide a range of customization choices, from design and color to embroidery and monograms, catering to the unique aesthetic preferences of consumers. 

Get more information on Footwear Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Non-athletic footwear
  • Athletic footwear
• End-user
  • Men
  • Women
  • Children
• Distribution Channel
  • Offline
  • Online
• Material
  • Leather
  • Non-Leather
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Design and material innovations leading to product premiumization
• Rising demand for exclusive designer collections
• High influence of celebrity endorsements on customer purchase decisions

However, the market also witnesses some limitations, which are as follows:

• Rising labor cost and fluctuating raw material prices
• Availability of counterfeit products
• Stringent government regulations for procurement of raw materials such as leather

Benefits of Buying Global Footwear Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Footwear Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the footwear industry, comfort is prioritized through features like impact absorption systems, shock absorption polymers, orthotic design principles, and flexibility testing methods. Shoe design adheres to principles of material selection based on tensile strength, abrasion resistance, and breathability. Waterproofing technologies and protective footwear designs ensure durability and safety. Sustainable manufacturing practices, including material sourcing strategies, supply chain optimization, and waste reduction, are increasingly important. Athletic shoes focus on support, while casual and formal footwear prioritize construction and craftsmanship. Protective footwear meets specific work boot specifications and safety footwear standards. Proper shoe fitting techniques, including last shape optimization and pattern making, are crucial for a comfortable and functional fit. Footwear modeling software and manufacturing automation streamline production, while quality control processes and inspection methods ensure consistency and excellence.

Market Research Overview

The global footwear market encompasses businesses involved in the production of athletic and non-athletic footwear catering to diverse age groups and genders. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of footwear, apparel, accessories, luxury goods, and textiles. Key growth drivers in the footwear sector include the escalating preference for branded footwear, fueled by a burgeoning youth population and expanding middle class. Urbanization's influence on consumer lifestyle shifts and evolving preferences further boosts the demand for branded footwear. The shoe manufacturing process incorporates various stages, including leather tanning methods and sole material composition, which are optimized using advanced footwear design software to create stylish, durable, and comfortable footwear solutions for consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/