Footwear industry is growing at a steady pace since the past few years. The rising demand for fancy, trendy yet comfortable footwear among all age groups is a key factor driving the global footwear industry.

The global footwear market is segmented by type of footwear, end users of footwear, various platforms for sale of footwear, material used, and their sales across various geographies. Asian countries, such as China and India are major exporters of leather footwear across developed countries (UK and US).

Leather footwear are premium products occupying a significant market share in the global market for footwear. Over the past decade, the global market for footwear has witnessed a steady growth and is anticipated to continue at the same pace in the years to come.

Additionally, rising health concerns are influencing individuals to perform indoor and outdoor physical activities. This trend has generated a high demand for athletic shoes, in turn increasing the demand for footwear.

Presently, manufacturers are focusing on developing and innovating new products, to maintain their market positions. Leading companies operating in the market, such as Adidas, Timberland, Nike, and ECCO among others are constantly devising new solutions and focusing on providing better services while upgrading the designs of their existing footwear models.

The increasing preferences of consumers towards online medium are driving the sales through online retail websites. Retail stores offer a superior buying experience to the customers as compared to online sales, thereby acting as the dominant mode of sale segment. By material type, the report segments the market into leather and non-leather footwear, wherein leather footwear occupies larger market share. Geographically, the global footwear market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Few years ago, Asia Pacific generated the highest revenue in the global footwear industry. China is the largest manufacturer, consumer, and exporter of footwear in the Asia-Pacific region, China has secured a supreme position in the global footwear industry. Asian countries, such as China and India are the major producers of footwear worldwide. These countries largely export their footwear products to United States and United Kingdom. Non-athletic footwear has witnessed increased demand among individuals owing to changing lifestyles in this region. Domestic footwear manufacturers dominate the Chinese footwear market share.

Asia Pacific is also projected to be the fastest-growing, as well as largest, regional market. This growth is attributed to rising consumer disposable income levels in emerging nations. Also, the growing health and wellness trend, as well as hosting Olympic games in the region in Tokyo 2020, will further promote sports activities and boost demand.