Asia Pacific Pvc Footwear Market Size & Outlook, 2022-2030
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Asia Pacific pvc footwear market highlights
- The Asia Pacific pvc footwear market generated a revenue of USD 21,138.3 million in 2022.
- The market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, shoes was the largest revenue generating product in 2022.
- Flip Flops 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 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 21,138.3 million |
| Market revenue in 2030 | USD 33,293.3 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Shoes |
| Fastest growing segment | Flip Flops |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shoes, Flip Flops |
| Key market players worldwide | Dr. Martens PLC Ordinary Shares, Bata Corporation, Grendene, Liberty Shoes, Khadim India, Decathlon, VKC Group, Havaianas, Ajanta Shoes |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.5% of the global pvc footwear market in 2022.
- 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 33,293.3 million by 2030.
Shoes was the largest segment with a revenue share of 48.27% in 2022. Horizon Databook has segmented the Asia Pacific pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
Many Asian countries, including India, China, and Japan, have a vibrant outdoor culture, with people engaging in activities like beach outings, hiking, and casual gatherings. PVC footwear, such as sandals and flip-flops, provides comfort and practicality for these activities. PVC footwear is generally more budget-friendly than those made from other materials, such as leather or high-end synthetic fabrics.
This makes it accessible to consumers across different income levels, including those with lower disposable incomes. Asian consumers appreciate the value-for-money that PVC footwear provides. They can purchase multiple pairs of PVC footwear for the same price as a single pair made from more expensive materials.
Collaborations between local fashion brands and global footwear brands bring together different design perspectives and aesthetics, resulting in innovative and unique footwear collections. The fusion of local fashion sensibilities with global design expertise often leads to fresh and exciting styles that bode well with consumers. In August 2021, Crocs, Inc. the renowned footwear brand, collaborated with the Chinese fashion brand Sankuanz to introduce a collection of three distinct pieces.
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PVC Footwear Market Scope
PVC Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajanta Shoes | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.ajantashoes.com |
| VKC Group | View profile | 501-1000 | Sugar Land, Texas, United States, North America | https://www.vkcsubway.com/ |
| Khadim India | View profile | 1001-5000 | Calcutta, West Bengal, India, Asia | https://www.khadims.com/ |
| Liberty Shoes | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | https://www.libertyshoes.com/ |
| Grendene | View profile | 51-100 | Orlando, Florida, United States, North America | http://www.grendeneusa.com/ |
| Bata Corporation | View profile | 11-50 | Lausanne, Vaud, Switzerland, Europe | https://thebatacompany.com/ |
| Decathlon | View profile | 10001+ | Lompret, Nord-Pas-de-Calais, France, Europe | https://www.decathlon.fr |
| Havaianas | View profile | - | Scottsdale, Arizona, United States, North America | https://us.havaianas.com |
| Dr. Martens PLC Ordinary Shares | View profile | 2584 | 28 Jamestown Road, Camden, London, United Kingdom, NW1 7BY | https://www.drmartensplc.com |
Asia Pacific pvc footwear market size, by country, 2017-2030 (US$M)
Asia Pacific PVC Footwear Market Outlook Share, 2022 & 2030 (US$M)
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