Footwear Market Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis
Executive Summary The global footwear market size was valued at USD 700.90 billion in 2024 and is expected to reach USD 1100.38 billion by 2032 , at a CAGR of 5.80% during the forecast period. Market Overview Defining the Footwear Market The footwear market encompasses all categories of footwear, including athletic shoes, casual shoes, formal shoes, boots, sandals, and slippers, among others. Footwear is a necessity for daily life and plays an important role in fashion, function, and comfort. This market is often segmented based on product type, material, distribution channel, and geography. Key segments in the footwear market include: Athletic/Performance Footwear : Shoes designed for sports and physical activity, such as running shoes, basketball shoes, and soccer cleats. Casual Footwear : Everyday wear shoes such as sneakers, loafers, and sandals. Formal Footwear : Shoes primarily designed for business or formal occasions, such as dress shoes and high heels. Boots : Includin...