Top 20 Companies in Footwear Market: Market Research Report (2024–2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Footwear Market Size is projected to grow from USD 434.23 billion in 2024 to USD 698.56 billion by 2035, at a CAGR of 4.42% during the forecast period 2025–2035. The importance of footwear as a fashion accessory is growing. The primary driver of the global footwear market's expansion is the rising desire for stylish and cozy footwear across all age groups. The rise in sports involvement is another factor propelling the market's expansion.
Introduction
Rubber, cloth, leather, and plastic are some of the materials used to make footwear. Additionally, leather is used in shoes all over the world. Convenient footwear is extremely needed. The recent expansion of the footwear industry has been greatly aided by the surge in young fashion trends. It is projected that the footwear market will grow in the upcoming years because to the significant influence that companies like Adidas, Lee Cooper, and PUMA have on the eCommerce sector. Shopping without hassle has boosted the growth of the online supply chain industry, which will open up profitable growth opportunities for the market during the projected period. The footwear market is expected to develop in the coming years due to the increasing trends of online selling and online retailing activities brought about by the growth of online retail stores like Amazon, Flipkart, and eBay. Clothing worn on the feet for protective purposes is referred to as footwear. Humans need to be protected whether standing, walking, or running from cold, moisture, dust, heat, and uneven terrain. Humans have been wearing shoes since the ice era, which ended some 5 million years ago. In the past, the left and right shoes had a similar shape—that is, they were straight. The separate right and left shoes were designed by bootmaker, William Young from Philadelphia in 1800.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights - Download the Brochure now and dive deeper into the future of the Footwear Market.
Footwear Market Size & Statistics
- The market for footwear was estimated to be worth USD 434.23 Billion in 2024.
- The market is going to expand at a CAGR of 4.42% between 2025 and 2035.
- The Global Footwear Market Size is anticipated to reach USD 698.56 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the footwear market
- Asia Pacific is expected to grow the fastest during the forecast period in the footwear market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the footwear market. The shoe industry is mostly dependent on manual labor and is impacted by a number of variables, including the availability of land, labor costs, material availability, environmental preservation, and marketplaces for sales. Major consumer markets, shoe manufacturers, distributors, and retailers worldwide are therefore increasingly focusing on countries with lower production costs in order to optimize their profitability. As a result, shoemaking facilities around the world have been continuously moving. In the Asia-Pacific area, China, Japan, Taiwan, and India are all very lucrative shoe markets. The increased disposable income and higher living standards of customers are major aspects that are driving the footwear market demand for type in these countries.
North America is expected to generate the highest demand during the forecast period in the footwear market. The North America footwear market is driven by rising disposable income, evolving fashion preferences, and growing demand for comfort and performance. Consumers increasingly seek stylish, functional footwear that aligns with active lifestyles and wellness goals. The surge in athleisure and sports participation—especially among women and youth—is fueling demand for athletic shoes. Technological innovations like smart-fit features, sustainable materials, and 3D customization are reshaping product development. Social media and celebrity endorsements amplify brand visibility, while e-commerce and omnichannel strategies enhance accessibility.
Top 10 trends in Footwear Market
- Sustainable materials and eco-friendly production
- Athleisure and lifestyle-driven footwear
- Customization and 3D-printed shoes
- Smart shoes and wearable tech integration
- Digital retail and virtual try-ons
- Gender-neutral and inclusive designs
- Health-focused and orthopedic footwear
- Luxury sneakers and collectible drops
- Subscription and rental footwear models
- Circular economy and recycling initiatives
- Sustainable materials and eco-friendly production
Brands are increasingly using recycled plastics, plant-based fabrics, and low-impact dyes to reduce their environmental footprint. Consumers now prioritize sustainability, pushing companies to adopt greener manufacturing and packaging practices.
- Athleisure and lifestyle-driven footwear
The fusion of athletic performance and casual style continues to dominate. Sneakers and slip-ons designed for both workouts and daily wear are driving growth, especially among younger and health-conscious consumers.
- Customization and 3D-printed shoes
Personalized footwear is gaining traction, with brands offering design-your-own options and using 3D printing for tailored fits. This trend enhances comfort, uniqueness, and consumer engagement.
- Smart shoes and wearable tech integration
Footwear is evolving into a tech platform—smart insoles and connected shoes now track steps, posture, and even gait. These innovations appeal to fitness enthusiasts and health-conscious users seeking data-driven insights.
- Digital retail and virtual try-ons
Augmented reality (AR) and AI-powered tools allow shoppers to visualize shoes on their feet before buying. This reduces returns, boosts confidence, and enhances the online shopping experience.
Let me know if you'd like company examples or regional adoption insights for these trends. Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the footwear market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Footwear Market
- Nike Inc.
- Adidas AG
- Skechers USA Inc.
- Deckers Brands
- PUMA SE
- ASICS Corporation
- On Holding
- Birkenstock
- Crocs
- Li Ning Company
- Boot Barn Holdings
- ABC-Mart
- VF Corporation
- CCC S.A.
- Metro Brands
- Under Armour
- Foot Locker
- Bata India
- Wolverine World Wide
- Fila
- Relaxo Footwear
- Salvatore Ferragamo
- Campus Activewear
- Grendene
- Accent Group
- Nike Inc.
Headquarters – Oregon, USA
Nike is the world’s largest footwear brand, known for its dominance in athleisure and lifestyle-driven footwear. With iconic lines like Air Max and Jordan, Nike blends performance with fashion, appealing to athletes and trendsetters alike. The company invests heavily in smart shoes, integrating sensors and app connectivity for fitness tracking. Nike’s sustainability efforts include the Move to Zero initiative, using recycled materials and circular design principles. Its digital retail strategy features virtual try-ons, AR shopping, and personalized recommendations. With global reach and constant innovation, Nike continues to lead in both market share and cultural influence.
- Adidas AG
Headquarters – Herzogenaurach, Germany
Adidas is a global powerhouse in sports and casual footwear, driving trends in customization, eco-friendly production, and digital retail. Its Futurecraft and Ultraboost lines showcase cutting-edge design and comfort. Adidas is a pioneer in 3D-printed shoes and has partnered with Parley for the Oceans to create sneakers from recycled ocean plastics. The brand’s commitment to sustainable materials and carbon neutrality aligns with growing consumer demand for ethical fashion. Through its CONFIRMED app and immersive online experiences, Adidas is redefining how customers engage with footwear. Its blend of innovation, style, and purpose keeps it at the forefront of the market.
- Skechers USA Inc.
Headquarters – California, USA
Skechers is a leading brand in comfort-focused and health-oriented footwear, offering a wide range of casual, athletic, and orthopedic shoes. Known for its memory foam technology and podiatrist-certified designs, Skechers caters to all age groups. The brand is expanding into smart shoes with fitness tracking features and has launched sustainable collections using recycled materials. Its digital strategy includes virtual try-ons and AI-powered sizing tools. Skechers also emphasizes inclusive design, offering gender-neutral styles and wide-fit options. With strong retail presence and growing global demand, Skechers is a key player in the wellness-driven footwear segment.
- Deckers Brands
Headquarters – California, USA
Deckers Brands owns popular labels like UGG, HOKA, and Teva, each targeting distinct niches in the footwear market. HOKA leads in performance running shoes, while UGG dominates lifestyle and winter footwear. The company is investing in sustainable materials, including plant-based foams and recycled wool. Deckers embraces digital retail with immersive brand storytelling and AR shopping tools. Its focus on comfort, innovation, and eco-conscious design resonates with modern consumers. HOKA’s rise in the athleisure and health-focused footwear space has made Deckers one of the fastest-growing players globally.
- PUMA SE
Headquarters – Herzogenaurach, Germany
PUMA is a global sportswear brand known for blending performance and fashion, especially in athleisure and lifestyle footwear. Its collaborations with celebrities and designers fuel demand for limited-edition drops and luxury sneakers. PUMA is advancing sustainable production, using bio-based materials and reducing water usage in manufacturing. The brand also explores smart shoes and wearable tech for athletes. Through its mobile-first retail strategy and virtual try-on experiences, PUMA enhances customer engagement. Its bold designs and commitment to innovation make it a standout in the competitive global footwear market.
Are you ready to discover more about the footwear market?
The report provides an in-depth analysis of the leading companies operating in the global footwear market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Nike Inc.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Adidas AG
- Skechers USA Inc.
- Deckers Brands
- PUMA SE
- ASICS Corporation
- On Holding
- Birkenstock
- Crocs
- Others.
Conclusion
The global footwear market continues to thrive, fueled by rising consumer demand for athleisure, health-focused designs, and sustainable materials. Innovations in smart shoes, 3D customization, and digital retail experiences are reshaping how brands engage with customers. Emerging markets, especially in Asia-Pacific, are driving growth through urbanization and changing lifestyle patterns. At the same time, eco-conscious consumers are pushing companies toward ethical production and circular models.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?