Middle East & Africa Footwear Market Size & Outlook
Middle East & Africa footwear market, 2018-2030 (US$M)
Related Markets
MEA footwear market highlights
- The MEA footwear market generated a revenue of USD 33,357.2 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 33,357.2 million |
| Market revenue in 2030 | USD 45,351.4 million |
| Growth rate | 4.5% (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, MEA region accounted for 7.6% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Footwear Market Scope
Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 68.27% in 2023. Horizon Databook has segmented the Middle East & Africa footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
UAE footwear imports have increased three times in the last five years since 2016, amid an explosion in the demand for leather shoes. This increase in demand is attributed to the rapidly growing population and the rising number of tourists in the region.
Tourist shopping constitutes 30 to 40 percent of retail sales of footwear. This scenario bodes well for the footwear market. Leather footwear accounts for almost half of the market, with the rest divided into canvas, plastic, and rubber footwear.
The market for trendy sports footwear is dominated by three leading U.S. brands while the leather footwear market is characterized by smaller brands, producers, and distributors. Saudi Arabia is the fastest-growing market for athletic footwear in the Middle East & Africa owing to the highest number of sports facilities.
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Our clientele includes a mix of footwear market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa footwear market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA footwear market size, by country, 2018-2030 (US$M)
Middle East & Africa Footwear Market Outlook Share, 2023 & 2030 (US$M)
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