Press release
Global Footwear Stores Market: Projections, Drivers, Trends, and Leaders
Footwear Stores Market Size
What Is The Projected Market Size Of The Global Footwear Stores Market And Its Growth Rate?
• The footwear stores market generated $236.05 billion in 2024 and is predicted to grow to $253.97 billion in 2025, displaying a compound annual growth rate (CAGR) of 7.6%.
• A strong growth is anticipated for the upcoming years with the market projected to reach $325.46 billion in 2029 at a CAGR of 6.4%.
• Growth factors include a focus on sustainable and ethical practices, increased health and wellness awareness, e-commerce competition, and the trend for personalized products.
What Is Driving The Growth In The Footwear Stores Market?
The growth of the footwear store market is strongly influenced by the increased spending on branded luxury items. Luxury goods like high-end watches, branded shoes and luggage are seen as prestige and comfort symbols, contributing significantly to the market growth. For instance, Bank of America reported an upward trend of luxury goods spending outside the US in June 2024. This rising expenditure on branded luxury items aligns with the steady growth expected for the footwear store market.
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Who Are the Key Players Driving Footwear Stores Market Growth?
• Adidas AG
• Nike Inc.
• PUMA SE
• Under Armour Inc.
• Skechers U.S.A Inc
• Geox S.p.A
• VF Corporation
• Crocs Inc.
• ECCO Sko A/S
• Wolverine Worldwide Inc.
• FILA Holdings Inc.
• ASICS Corporation
• Bata Corporation
• Timberland
• Reebok International Limited
• New Balance Athletics Inc.
• Clarks
• Foot Locker Inc.
• DSW Inc.
• Caleres Inc.
• Deckers Brands
• Famous Footwear
• The Aldo Group Inc.
• Steve Madden Ltd.
• Camper
• Aerosoles
• Saucony
• Converse Inc.
• Salvatore Ferragamo S.p.A.
• Jimmy Choo Ltd.
• ALDO Group
What Are The Key Trends In The Footwear Stores Market?
• Health and comfort-centric designs
• Collaborations and limited edition releases
• Integration of technology in in-store experience
• Virtual fitting rooms
• Omnichannel retail strategies
What Are The Segments Of The Global Footwear Stores Market?
• By Type: Athletic, Non-Athletic
• By Material: Leather, Non-Leather (Rubber)
• By Store Type: Offline Retail Stores, Online Retail Stores
• By End User: Men, Women, Children
Which Region Leads The Footwear Stores Market?
Asia-Pacific was the largest region in the footwear stores market in 2024, indicating a significant shopping trend for footwear in the region. The market extends globally with the market report covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Footwear Stores Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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