Asia Pacific Footwear Market Size & Outlook, 2023-2030
Asia Pacific footwear market, 2018-2030 (US$M)
Related Markets
Asia Pacific footwear market highlights
- The Asia Pacific footwear market generated a revenue of USD 176,406.4 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, non-athletic was the largest revenue generating product in 2023.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 176,406.4 million |
| Market revenue in 2030 | USD 246,521.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | Athletic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Athletic, Non-Athletic |
| Key market players worldwide | Nike Inc Class B, Adidas AG, Puma SE, Geox SpA, Timberland Bancorp Inc, Skechers USA Inc Class A, Crocs Inc, Under Armour Inc Class A, Wolverine World Wide Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.2% of the global footwear market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 246,521.3 million by 2030.
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Footwear Market Scope
Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific footwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to footwear market will help companies and investors design strategic landscapes.
Non-athletic was the largest segment with a revenue share of 68.38% in 2023. Horizon Databook has segmented the Asia Pacific footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
The footwear industry is labor-intensive and is affected by various factors such as land resources, labor costs, material supply, environmental protection, and sales markets. Consequently, in pursuit of profit maximization, major consumer markets, footwear manufacturers, wholesalers, and retailers worldwide are shifting their focus to lower-cost countries, leading to the constant movement of global shoemaking bases.
Japan, Taiwan, India, and China are lucrative markets for footwear in Asia Pacific. Rising disposable income and improved living standards of the consumers are key factors accelerating product demand in these countries.
The growth of this segment can be attributed to the increasing trend of casual wear in offices in countries such as Japan, Australia, and China. The growing emphasis on work-life balance by various government agencies and companies in the region is resulting in the increasing the adoption of athleisure footwear in the region.
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Target buyers of Asia Pacific footwear market databook
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Our clientele includes a mix of footwear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific footwear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific footwear market size, by country, 2018-2030 (US$M)
Asia Pacific Footwear Market Outlook Share, 2023 & 2030 (US$M)
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