Germany Shoe Insoles Market Size & Outlook, 2023-2030
Germany shoe insoles market, 2017-2030 (US$M)
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Germany shoe insoles market highlights
- The Germany shoe insoles market generated a revenue of USD 517.1 million in 2023 and is expected to reach USD 725.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5% 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.
Shoe insoles market data book summary
| Market revenue in 2023 | USD 517.1 million |
| Market revenue in 2030 | USD 725.5 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Casual |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 8.7% of the global shoe insoles market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 725.5 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 60.45% in 2023. Horizon Databook has segmented the Germany shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
Germany is regarded as a center for innovation and technological advancements in Europe. Germany holds a significant share in the shoe insoles market owing to enhanced digitization of healthcare processes.
To cater to this demographic, many companies are coming forth with advanced shoe insoles to alleviate foot discomfort. Covestro AG, a material manufacturer, and GeBioM Group, an orthopedic service provider based in Münster, Germany, have broadened their partnership in the field of orthopedic footwear.
In this process, they employ Covestro's recently developed Addigy FPU 79A thermoplastic polyurethane (TPU) in filament form. Collaborating with their Danish printer partner, Create it REAL, these companies are introducing an inventive and eco-friendly approach for digitally producing shoe insoles.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Germany shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany shoe insoles market size, by application, 2017-2030 (US$M)
Germany Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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