Footwear Market - New Market Data by GVR Reveals Key Insights for Driving Revenue Growth by 2030

SAN FRANCISCO, May 15, 2025 /PRNewswire/ -- The global footwear market size is expected to reach USD 588.22 billion in 2030 and is projected to grow at a CAGR of 4.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rapid urbanization and an increasing working population contribute to the demand for durable and comfortable footwear products. Moreover, changes in population demographics, such as the growing aging population and the rising focus on children's footwear, have created new opportunities and demand for specialized footwear products. The rise of the athleisure trend and the growing emphasis on active lifestyles have fueled the demand for athletic and casual footwear that can be worn for both workouts and casual wear. Moreover, innovations in footwear technology, such as advanced cushioning systems, lightweight materials, and improved traction, have attracted consumers seeking better performance, comfort, and functionality from their footwear.

In addition, the growth of e-commerce and omnichannel retail strategies has made it easier for consumers to access a broader range of footwear products and brands, contributing to the overall demand. In September 2022, Xero Shoes, the U.S.-based Barefoot Footwear Brand, announced the launch of an e-commerce platform to sell directly to consumers (DTC). This strategy helped the company to strengthen its connection with customers and gain greater control over its distribution channels. The non-athletic segment held a major share of the footwear market in 2023. The non-athletic category consists of flats, heels, mules, sandals, sneakers, and boots, which can be worn on different occasions. This product category is heavily influenced by fashion trends, with consumers seeking stylish and trendy options for casual wear, social occasions, and various lifestyle activities.

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Moreover, luxury brands recognize the importance of using sustainable materials in their footwear production. For instance, in August 2022, Louis Vuitton announced the launch of sustainable unisex sneakers. The sneaker is made of recycled organic materials, such as corn-based plastic and recycled polyurethane, cotton & polyester. In addition, the growing aging population across the globe has created a demand for comfortable and supportive non-athletic shoes designed for older individuals, such as slip-resistant shoes and orthopedic footwear. The women's footwear segment held the largest share in 2023. The growing influence of social media, celebrity endorsements, and fashion bloggers has amplified trends, with women seeking footwear that aligns with current fashion aesthetics. Moreover, an increasing number of working women is driving the demand for comfortable, stylish, and durable footwear that can keep up with their demanding schedules.

Moreover, the athleisure trend has fueled the demand for comfortable, stylish, and versatile footwear for athletic and casual occasions. Asia Pacific accounted for the largest share of the market. This can be attributed to a large and rapidly growing population, particularly in countries like China, India, and Southeast Asian nations. Rapid urbanization, expanding middle-class population, and rising disposable incomes in these countries have led to an increased demand for various types of footwear, including casual, athletic, and formal styles. Moreover, the development of modern retail formats, such as shopping malls and specialty footwear stores, has facilitated increased footwear sales and brand exposure in the region. In addition, several Asia Pacific countries, such as China, Vietnam, Thailand, India, and Indonesia, are major footwear manufacturing hubs, contributing to the region's availability and affordability of footwear products.

Read full market research report on Footwear Market with TOC - Footwear Market Size, Share & Trends Analysis Report By Product (Athletic, Non-Athletic), By End User (Men, Women, Children), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2025 - 2030

Footwear Market Report Highlights:

• According to findings from the 2022 PowerReviews' State of Apparel & Footwear Shopping survey, a remarkable 74% of footwear purchases are now being made online. Casual footwear emerges as the most sought-after category, commanding a staggering 96% of online sales, closely trailed by athletic footwear, which captures 84% of the online market.
• In August 2023, the AR Mirrors by ZERO10 animated the JD Sports x Nike Need it Now collection, enabling shoppers at JD Sports' Times Square New York and State Street Chicago flagship stores to virtually try on 18 items. Some items were accompanied by additional AR enhancement effects, such as water droplets.
• The footwear market presents a plethora of opportunities for brands and manufacturers to capitalize on various emerging trends and consumer preferences.
• The non-athletic segment accounted for a share of 66.3% of the global revenue in 2024. The non-athletic category consists of flats, heels, mules, sandals, sneakers, and boots, which can be worn on different occasions.
• The women segment accounted for a share of 47.8% of the global revenue in 2024. Comfort and functionality are key drivers in the women's footwear market.
• The footwear market in North America accounted for a share of 25.3% of the global revenue in 2024. North American consumers tend to prioritize footwear that reflects current trends, personal style, and individual expression.

Footwear Market Segmentation

Grand View Research has segmented the global footwear market report based on type, technology, application, and region:

Footwear Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

• Athletic
• Non-Athletic

Footwear Market - End user Outlook (Revenue, USD Million, 2018 - 2030)

• Men
• Women
• Children

Footwear Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players in the Footwear Market

• Nike, Inc.
• Adidas AG
• Puma SE
• Geox S.p.A
• Timberland
• Skechers USA, Inc.
• ECCO Sko A/S
• Crocs Retail, LLC
• Under Armour, Inc.
• Wolverine World Wide, Inc.

Check out more related studies published by Grand View Research:

• Diabetic Footwear Market - The global diabetic footwear market size is expected to reach USD 13.98 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.7% from 2025 to 2030. Rising importance of specialty footwear which improves the lower body posture and protects the feet from fungal infection is expected to remain a favorable factor.
• Leather Footwear Market - The global leather footwear market size is expected to reach USD 166.28 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.1% during the forecast period, attributed to the rise in working class population and disposable income, flourishing retail e-commerce sector, and evolving fashion trends in business wear.
• Luxury Footwear Market - The global luxury footwear market size is anticipated to reach USD 57.38 billion by 2030 and is projected to grow at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing influence of casual and streetwear on high-end fashion is also responsible for the rise of luxury footwear globally, where it is now increasingly acceptable to pair footwear with a tailored suit.
• Medical Footwear Market - The global medical footwear market size is anticipated to reach USD 18.28 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.1% from 2025 to 2030. Increasing cases of foot-related issues, ankle sprain, ulcers, diabetes, and strain and foot pain owing to obesity are expected to fuel the growth of this market.

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