The global footwear market could reach $2030 billion in 220
29.12.2022 3707

The global footwear market could reach $2030 billion in 220

According to the forecast of the American marketing agency IndexBox, the volume of the global footwear market by 2030 may reach $220 billion, against $163,2 billion in 2022. Thus, the annual increase will be 3,8%, writes Fashion Network.

According to analysts, sports shoes will become the main driver of growth, their sales in 2025 could reach $100 billion.

IndexBox notes that Nike sold 2019% of global footwear sales in 31,6, while Adidas accounted for 21,7% in the same year. 

It is assumed that the female market should grow faster than the male market due to the constant growth in the number of working women. China will remain the world's largest footwear manufacturer.

Economic instability and inflation will put pressure on consumers' budgets and encourage producers to be competitive on pricing, pushing the industry to develop new ways of producing.

According to the forecast of the American marketing agency IndexBox, the volume of the global footwear market by 2030 may reach $220 billion, against $163,2 billion in 2022. So the annual growth...
5
1
Rating

Latest News

Tamaris Presents Men's Footwear Collection for Spring/Summer 2025

In the spring-summer 2025 season, the German shoe brand Tamaris is expanding its range with a line of men's shoes TMRS MEN, which includes stylish and comfortable models for urban…
18.04.2025 382

The marking failed

Izvestia published an article that cites figures showing how the data on the volume of Russian footwear production in the Honest Sign system diverges from Rosstat data. Thus, for the 3rd quarter of 2024, in the identification system…
18.04.2025 362

Jonathan Anderson Appointed Creative Director of Dior Homme

Jonathan Anderson is the new creative director of Dior Homme, Bernard Arnault, chairman and CEO of LVMH, which owns…
17.04.2025 375

By the end of 2025, Moscow expects to commission almost 400 thousand square meters of retail space

According to the consulting company NF GROUP, by the end of 2025, another 24 shopping centers are expected to open in the capital in addition to the five already commissioned in I…
17.04.2025 385

Hermès offsets US export duty hike with price hikes

Despite the difficult economic situation at the beginning of 2025, Hermès continues to gain momentum. In the first quarter, the French luxury group Hermès reported revenues of 4,1 billion euros, up 9% (+7% excluding…
17.04.2025 430
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning