China Footwear Market Size & Outlook, 2023-2030
China footwear market, 2018-2030 (US$M)
Related Markets
China footwear market highlights
- The China footwear market generated a revenue of USD 67,287.3 million in 2023 and is expected to reach USD 95,699.6 million by 2030.
- The China market is expected to grow at a CAGR of 5.2% 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.
Footwear market data book summary
| Market revenue in 2023 | USD 67,287.3 million |
| Market revenue in 2030 | USD 95,699.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | Athletic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 15.3% of the global footwear market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China footwear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 35,153.9 million by 2030.
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Footwear Market Scope
Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 67.5% in 2023. Horizon Databook has segmented the China footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
China is a major footwear producer as well as exporter and is therefore one of the largest markets for footwear. The presence of several manufacturers has resulted in the availability of a variety of product options for consumers in the country.
According to the World Bank, there are about 400 million millennials in China in 2021, which is more than the entire U.S. population. Government efforts to encourage an active lifestyle among the population is also boosting the demand for footwear in the country, particularly athletic footwear.
For instance, China has been increasingly promoting winter sports as it is expected to host the Winter Olympic Games in 2022. The Government of China had also planned to open more than 2,000 schools by 2020 and increase the strength of such schools by 5,000 until 2025 in an attempt to promote winter sports. Such efforts trends are anticipated to boost the demand for athletic footwear over the forecast period.
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Our clientele includes a mix of footwear market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China footwear market , including forecasts for subscribers. This country databook contains high-level insights into China footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China footwear market size, by product, 2018-2030 (US$M)
China Footwear Market Outlook Share, 2023 & 2030 (US$M)
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