Mexico Shoe Insoles Market Size & Outlook, 2023-2030
Mexico shoe insoles market, 2017-2030 (US$M)
Related Markets
Mexico shoe insoles market highlights
- The Mexico shoe insoles market generated a revenue of USD 51.9 million in 2023 and is expected to reach USD 62.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.7% 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 51.9 million |
| Market revenue in 2030 | USD 62.5 million |
| Growth rate | 2.7% (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, Mexico accounted for 0.9% 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 North America, U.S. shoe insoles market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,499.2 million by 2030.
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Shoe Insoles Market Scope
Shoe Insoles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 60.12% in 2023. Horizon Databook has segmented the Mexico shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
With increasing awareness of foot health and proper footwear, the demand for shoe insoles is likely to rise in Mexico. As the middle-income population in Mexico grows, consumers may have higher disposable incomes, enabling them to afford premium and specialized shoe insoles, which in turn will contribute to market growth.
Foamtex, a provider of EVA, a very resistant and durable material used in the manufacturing of soles, has its base in the country to provide consumers best products available in the market. EVA can withstand 5 tons of weight and 80 degrees Celsius.
Texon, the leading manufacturer of high-performance, sustainable materials for footwear, provides an extensive selection of cellulose and non-woven insoles specifically designed for board-lasting applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Mexico shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico shoe insoles market size, by application, 2017-2030 (US$M)
Mexico Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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