Euromonitor International
- Item successfully added to cart!
  
  Your cart is empty
  
  Check Out View Cart

Strategy Briefing

Comfort Conquers the Global Footwear Market

39 pages, Mar 2016

US$1,325

Add to cart Pay by invoice

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Footwear continues to outpace apparel, driven by a wider assortment of products, the proliferation of athleisure and fashion’s infiltration into men’s and children’s footwear. As brands increasingly look to footwear to boost profit margins, this report sets out to examine the evolving footwear landscape at a time of economic uncertainty in key markets, while identifying core trends and highlighting ways in which brands can successfully appeal to an increasingly demanding and empowered consumer.

Files are delivered directly into your account within a few minutes of purchase.

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Footwear growth continues to outpace apparel

Footwear continues to be a source for strong growth with a CAGR of 6% over 2010-2015 in comparison to 4% for apparel. Children’s footwear provides robust growth rates as fashion continues to infiltrate the category, while women’s drives value growth increasing sales by US$31.2 billion to 2020.

Asia Pacific boasts the largest market size

Asia Pacific has by far the largest market size valued at US$105.4 billion in 2015, benefiting from the rapid growth of China and India which have jointly posted absolute value growth of US$25.8 billion over 2010-2015.

US is expected to retain the number one spot over China

Interestingly, the US will remain the number one market in footwear despite China overtaking within apparel. As well as being the largest market, the US will account for the highest absolute value growth of US$16.8 billion to 2020.

Sports footwear dominates growth

Sports footwear exceeded overall industry growth, with a CAGR of 7% over 2010-2015, and is expected to continue rapidly growing as fitness and fashion trends merge to create unprecedented demand.

Market polarisation begins to take hold

While aspirational consumption in emerging markets benefits designer footwear brands, rapid expansion of fast fashion brands and their continued investment in footwear creates a polarisation trend within the industry.

Comfort becomes the core priority

Comfort has always been an important factor within footwear, however, with the proliferation of athleisure, consumers are less inclined to compromise on comfort for style.

Footwear drives footfall in stores

88% of footwear sales were accounted for by store-based retailers in 2015, in comparison to 86% for apparel. Creating an engaging and enjoyable store experience is vital if stores are to remain relevant during the buying process.

Want to find out more about this report?

Request more information

Introduction

Scope

Key findings

Objectives

Global Overview

Footwear outpaces apparel

Little shoes provide growth

Sports footwear takes the lead

Luxury boost to industry

Stores retain their importance

A consolidating market

Regional Analysis

Global performance: Asia Pacific generates majority of growth

US maintains its leading position

China dominates growth

Dwindling performance in Europe

Mexico rivals Brazil

Fashion’s final frontier

Trends and Drivers

Private label to fast fashion footwear

Market polarisation

Unifying online and offline

Men step into fashion

Comforts outshines aesthetics

Fashion meets p erformance f ootwear

Case study: New Balance broadens its reach

Untapped opportunities in evolving demographics…

…demanding design and comfort

Industry Innovation

Comfort is the new black

Taking baby steps in smart footwear

Sports behemoths take steps towards sustainability

Luxury sustainability agenda

Key Takeaways

Footwear continues to provide growth

US retains the top spot

Key takeaways

Footwear for the future

Why buy this report?

Want to find out more about this report?

Request more information

Megatrends

Strategy Briefing

Comfort Conquers the Global Footwear Market

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Footwear growth continues to outpace apparel

Asia Pacific boasts the largest market size

US is expected to retain the number one spot over China

Sports footwear dominates growth

Market polarisation begins to take hold

Comfort becomes the core priority

Footwear drives footfall in stores

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Objectives

Global Overview

Footwear outpaces apparel

Little shoes provide growth

Sports footwear takes the lead

Luxury boost to industry

Stores retain their importance

A consolidating market

Regional Analysis

Global performance: Asia Pacific generates majority of growth

US maintains its leading position

China dominates growth

Dwindling performance in Europe

Mexico rivals Brazil

Fashion’s final frontier

Trends and Drivers

Private label to fast fashion footwear

Market polarisation

Unifying online and offline

Men step into fashion

Comforts outshines aesthetics

Fashion meets p erformance f ootwear

Case study: New Balance broadens its reach

Untapped opportunities in evolving demographics…

…demanding design and comfort

Industry Innovation

Comfort is the new black

Taking baby steps in smart footwear

Sports behemoths take steps towards sustainability

Luxury sustainability agenda

Key Takeaways

Footwear continues to provide growth

US retains the top spot

Key takeaways

Footwear for the future

Why buy this report?

Want to find out more about this report?

Recently Viewed

Complete Catalogue

Strategy Reports

Country Reports

Recently Viewed

Complete Catalogue

Strategy Reports

Country Reports