Thailand Shoe Insoles Market Size & Outlook, 2023-2030
Thailand shoe insoles market, 2017-2030 (US$M)
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Thailand shoe insoles market highlights
- The Thailand shoe insoles market generated a revenue of USD 51.0 million in 2023 and is expected to reach USD 70.7 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.8% 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 51.0 million |
| Market revenue in 2030 | USD 70.7 million |
| Growth rate | 4.8% (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, Thailand 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 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 |
|---|
Thailand 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 61.18% in 2023. Horizon Databook has segmented the Thailand shoe insoles market based on casual, athletic, orthotics covering the revenue growth of each sub-segment from 2017 to 2030.
Insoles designed for sports often incorporate features like heel cups and contoured shapes that stabilize the foot. This added stability improves balance, reduces foot fatigue, and provides more comfort during dynamic movements.
The country has a strong football culture, and football is the most popular sport in Indonesia. Basketball has also been gaining popularity in Indonesia, especially among the younger population. Its professional basketball league is called the Indonesian Basketball League (IBL).
Participation in sports is anticipated to grow significantly due to the measures taken to improve sports activities in the country. This, in turn, would drive the demand for shoe insoles, which help enhance comfort by supporting and stabilizing the foot.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand shoe insoles market , including forecasts for subscribers. This country databook contains high-level insights into Thailand shoe insoles market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand shoe insoles market size, by application, 2017-2030 (US$M)
Thailand Shoe Insoles Market Outlook Share, 2023 & 2030 (US$M)
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