Europe Shoe Insoles Market Size & Outlook, 2023-2030
Europe shoe insoles market, 2017-2030 (US$M)
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Europe shoe insoles market highlights
- The Europe shoe insoles market generated a revenue of USD 1,850.0 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, orthotics was the largest revenue generating application in 2023.
- Casual is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,850.0 million |
| Market revenue in 2030 | USD 2,471.7 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Casual |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Athletic, Orthotics |
| Key market players worldwide | Yonex Co Ltd, ASICS Corp, Li Ning Co Ltd, Bauerfeind, Foot Science International, Stable Step LLC, SOLO Laboratories, Insole Brand and Medical Adhesive Products -Spenco Medical Corp, Superfeet, Texon International Group, Footbalance, Currex, Sidas, Enertor, PROFOOT, Rehband, Aetrex Worldwide, Decathlon, Scholl's Wellness, New Balance |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.0% of the global shoe insoles 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 3,465.4 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe shoe insoles 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 shoe insoles market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 60.52% in 2023. Horizon Databook has segmented the Europe shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
The rising prevalence of foot ailments among the population is expected to drive the demand for shoe insoles in the region. The European market is poised to hold a significant share of the shoe insoles market.
According to International Diabetes Federation, 1 in 11 adults corresponding 61 million people have diabetes in Europe. The higher the percent of people suffering from diabetes higher is their chances of suffering from foot-related diseases such as diabetic foot ulcers and increased cases of foot ailments.
The increased incidence of diabetes would lead to the incidence of diabetic foot ulcers at a rapid pace. Therefore, the aforementioned factors are likely to drive the market. Technological advancements have been vital to manufacture shoe insoles catering to consumers’ requirements.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe shoe insoles market , including forecasts for subscribers. This continent databook contains high-level insights into Europe shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe shoe insoles market size, by country, 2017-2030 (US$M)
Europe Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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