India Footwear Market Size & Outlook, 2023-2030
India footwear market, 2018-2030 (US$M)
Related Markets
India footwear market highlights
- The India footwear market generated a revenue of USD 23,838.4 million in 2023 and is expected to reach USD 35,153.9 million by 2030.
- The India market is expected to grow at a CAGR of 5.7% 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 23,838.4 million |
| Market revenue in 2030 | USD 35,153.9 million |
| Growth rate | 5.7% (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, India accounted for 5.4% 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 |
|---|
India 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 68.98% in 2023. Horizon Databook has segmented the India footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
The landscape of the footwear market in India has been drawing a lot of attention in recent years. According to a report by Invest India, the country is the second-largest consumer and producer of footwear in the world and is projected to increase 8 folds by 2030.
The purchasing behavior of consumers has been changing dramatically owing to the rise in their disposable and per capita incomes. The impact of Western culture has also driven consumer behavior, which can be seen in the rising popularity of styles like Derby shoes made from fullgrain Argentinian leather or reliable Oxford shoes.
Increasing disposable income, improving quality of life, globalization, and exposure to fashion and sports trends are some of the key factors driving the demand for different types of non-athletic footwear. Product launches in the sustainable space are not only gaining popularity among consumers but are also helping brands and startups gain traction in the non-athletic footwear space.
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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 India footwear market , including forecasts for subscribers. This country databook contains high-level insights into India footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India footwear market size, by product, 2018-2030 (US$M)
India Footwear Market Outlook Share, 2023 & 2030 (US$M)
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