featured-image

, /PRNewswire/ -- The global footwear market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.73% during the forecast period.

Design and material innovations leading to product premiumization is driving market growth, with a trend towards increasing demand for customized footwear. However, rising labor cost and fluctuating raw material prices poses a challenge. Key market players include Adidas AG, ASICS Corp.



, Brooks Sports Inc., Burberry Group Plc, Dolce and Gabbana S.r.

l., ECCO Inc., FILA Holdings Corp.

, Geox S.p.A, Hermes International SA, Kering SA, Li Ning Co.

Ltd., LVMH Group., New Balance Athletics Inc.

, Nike Inc., PUMA SE, Skechers Inc., Under Armour Inc.

, VALENTINO Spa, VF Corp., and Wolverine World Wide Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies - The footwear market is witnessing an upward trend in customization, particularly in developed regions like and . Customization options range from design and color to embroidery and personalized text. Leading vendors, such as Nike, offer customized shoes through segments like Nike By You.

This personalization not only enhances the shoes' aesthetic appeal but also drives new purchases and revenue growth for manufacturers. Emerging economies, including , , and , are also embracing this trend for premium footwear. The footwear market is experiencing significant trends with various styles and materials gaining p.

Back to Fashion Page