Footwear refers to garments worn on the feet, which originally serves to purpose of protection against adversities of the environment, usually regarding ground textures and temperature. Footwear in the manner of shoes therefore primarily serves the purpose to ease the locomotion and prevent injuries. Secondly footwear can also be used for fashion and adornment as well as to indicate the status or rank of the person within a social structure. Socks and other hosiery are typically worn additionally between the feet and other footwear for further comfort and relief.
Due to the COVID-19 pandemic, the global Apparel and Footwear market size is estimated to be worth US$ 1395930 million in 2022 and is forecast to a readjusted size of US$ 1496720 million by 2030 with a CAGR of 2.6% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, the Europe Apparel and Footwear market is estimated at US$ million in 2023, while the United States and China are forecast to reach US$ million and US$ million by 2030, respectively. The proportion of the United States is % in 2023, while Chinese percentage is %, and it is predicted that China market share will reach % in 2030, trailing a CAGR of % through the analysis period. As for the Europe Apparel and Footwear landscape, Germany is projected to reach US$ million by 2030. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Most of the growth in the apparel and footwear market is from developing economies, owing to the rising purchasing power among the Asian consumers, where the middle-class segment is expanding. These consumers are starting to view clothes as an extension and expression of their new lifestyle.
This report focuses on Apparel and Footwear volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Apparel and Footwear market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Apparel and Footwear Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Apparel
Footwear
Segment by Application
Men
Women
Kids
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Nike
Adidas
H&M
Bestseller
Aditya Birla Group
Shimamura
Kering
LVMH
Hermes
Burberry
Uniqlo
