Japan Shoe Insoles Market Size & Outlook, 2023-2030
Japan shoe insoles market, 2017-2030 (US$M)
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Japan shoe insoles market highlights
- The Japan shoe insoles market generated a revenue of USD 453.2 million in 2023 and is expected to reach USD 645.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% 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.
Shoe insoles market data book summary
| Market revenue in 2023 | USD 453.2 million |
| Market revenue in 2030 | USD 645.3 million |
| Growth rate | 5.2% (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, Japan accounted for 7.6% 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 Asia Pacific, China shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,048.3 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 60.59% in 2023. Horizon Databook has segmented the Japan shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
The rising awareness of foot health and the importance of preventive care will encourage more individuals to invest in supportive insoles to maintain their overall well-being. According to Japan's Ministry of Economy, Trade and Industry, approximately 3 million individuals are fitness enthusiasts, constituting 2% of the total population.
The rise in the number of fitness enthusiasts in the country is expected to drive the demand for shoe insoles. In August 2021, Asics, a prominent Japanese sports footwear company, provided financial backing to the healthcare startup Japan HealthCare Co., Ltd, which develops custom-made insoles using photos of feet taken by a smartphone.
Furthermore, in March 2023, Toyoda Gosei Co., Ltd. Launched FEELSOLE shoe insoles, which use the company's thin and flexible e-Rubber sensors (rubber pressure sensors) to capture pressure data on the soles of the foot during movement.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Japan shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan shoe insoles market size, by application, 2017-2030 (US$M)
Japan Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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