INDUSTRIES & MARKETS

Footwear: market data analysis

& forecast
Market Insights report

October 2024
 STATISTA MARKET INSIGHTS

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 Agenda

Market Outlook Business & Formal 145

Overview 4 Sandals 167
Market Size 9
Market Insights 18 Appendix
Market Drivers 31 Product Overview 190
Consumer Insights 37 Author 194
Trends 43
Key Players 47

Markets
Sneakers 53
Gym & Training 79
Running 101
Boots 123

3
CHAPTER 01

Market Overview

• Market definition

• Market segmentation

• Market scopes

• Key takeaways
 Footwear market is an important market
Overview: Market Definition

Market definition

Definition: and cardio. Boots range from ankle to hiking styles, offering durability across
different terrains and weather conditions. Business & formal shoes include
The Footwear market comprises all kinds of shoes that are designed and intended
polished leather styles like oxfords and loafers for professional settings. Sandals,
for a variety of activities. This market includes athletic, casual, formal, and other
including flip-flops and strappy designs, offer breathability and comfort for warm
town footwear but excludes work and safety shoes. Depending on their purpose
weather and casual or special occasions.
and function, these shoes are made from leather, textile, plastic, rubber, and/or
wood materials. The market covers women’s, men’s, and children’s footwear. Just Additional Information:
like the Apparel market, the Footwear market is currently being shaped by a
The market comprises revenue and average revenue per capita, volume and
tremendous change in customer purchase habits. The upswing in e-commerce
average volume per capita, price per unit (per pair), and sales channels data. The
store concepts is putting significant pressure on stationary retail stores.
online distribution channel refers to the purchase of physical goods from a digital
Structure: marketplace. In other words, the purchase is conducted via the internet, be it on a
desktop PC, tablet, or smartphone. The offline distribution channel covers all
The footwear market is segmented into several categories: sneakers, running
purchases in stationary stores, by telesales, or via mail order (e.g., print catalogs).
shoes, gym & training shoes, boots, business & formal shoes, and sandals.
Sneakers are everyday shoes with an athletic look, while running shoes are Key players in the market include companies such as Nike, Adidas, Puma, and
tailored for support and cushioning during running. Gym & training shoes provide Asics.
versatile support for various indoor and outdoor fitness activities like weightlifting

Sources: Statista Market Insights 2024

 Footwear market is divided into six sub-markets
Market segmentation

Sneakers Boots

Business & Footwear Sandals

Formal

Gym &
Running
Training

Sources: Statista Market Insights 2024

 2023 Footwear market revenue worldwide reached $US 473.5bn with a strong
growth outlook
Overview: Key Takeaways

Key Takeaways

• The global Footwear market is predicted to witness a revenue of US$489.2bn in 2024, with an annual growth rate of 2.21% (CAGR 2024-2029).

• Among its segments, the Boots segment holds the largest market volume of US$181.9bn in 2023.

• In terms of revenue generation, China leads the global market with US$115bn in 2023.

• Considering the total population of the world, the per-person revenue in the Footwear market is US$61.63 in 2023.

• The volume in the Footwear market is estimated to reach 14.7bn pairs by 2029.

• The average volume per person in the Footwear market is 1.83 pairs in 2023.

• As the demand for sustainable footwear continues to increase worldwide, countries like Italy and Spain are leading the way with innovative eco-friendly materials and
production methods.

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Boots • Work and safety shoes

• Running

• Gym & training

• Sandals

• Business & Formal footwear

• "Athleisure" footwear (everyday shoes with athletic design)

• Other town footwear

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

• Luxury revenue share

• Online revenue share

• Mobile/Desktop split
 In 2023, the Footwear market realized a revenue of US$473.5 billion worldwide
Market size: Worldwide (1/8)

Revenue forecast in billion US$

0.5%(1)
545.5
520.4 532.1
513.9 514.0 509.4
489.1 499.2
469.9 473.5
435.4 430.7

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

10 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Average revenue per capita for the Footwear market is estimated to decline at a
CAGR(1) of -0.3% from 2018 to 2029
Market Size: Worldwide (2/8)

Average revenue per capita forecast in US$

-0.3%(1)
69.8 69.1
66.5 67.7
63.9 64.7 65.6
61.6 61.6 63.1
58.0 56.9

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

11 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Footwear volume is estimated to decrease at a CAGR(1) of -0.8% from 2018 to
2029
Market Size: Worldwide (3/8)

Volume forecast in billion pairs

-0.8%(1)
16.1 15.8
14.4 14.5 14.6 14.7 14.7
14.0 14.3
13.9
12.9 12.7

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

12 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Footwear volume per capita are estimated to decrease from 2018 to 2029
Market Size: Worldwide (4/8)

Average volume per capita forecast in pairs

2.18
2.13
2.2

2.0 1.83 1.83 1.84 1.84 1.84 1.84 1.83 1.83

1.8 1.72 1.68

1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

13

Sources: Statista Market Insights 2024

 Average price per unit of Footwears are estimated to increase from 2018 to
2029
Market Size: Worldwide (5/8)

Average price per unit forecast in US$

40 37.05
35.71 36.32
34.29 34.69 35.16
33.72 33.82 33.76 33.76
35 31.98 32.46

30

25

20

15

10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

14

Sources: Statista Market Insights 2024

 Luxury revenue share in the Footwear market increases from 2018 to 2028
Market Size: Worldwide (6/8)

Luxury revenue share in percent

94.0 94.0 94.0 93.0 93.0 93.0 93.0 93.0 93.0 92.0 92.0

6.0 6.0 6.0 7.0 7.0 7.0 7.0 7.0 7.0 8.0 8.0

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Luxury Non-Luxury

15

Sources: Statista Market Insights 2024

 Offline sales continue to dominate the global Footwear market
Market Size: Worldwide (7/8)

Online revenue share

68.8% 69.0% 67.2% 65.9% 65.1%

73.9% 73.7% 73.8% 71.0%
75.6%
82.8% 81.5%

31.2% 31.0% 32.8% 34.1% 34.9%

26.1% 26.3% 26.2% 29.0%
24.4%
17.2% 18.5%

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Offline Online

16

Sources: Statista Market Insights 2024

 Mobile revenue share is expected to increase in the Footwear market
Market Size: Worldwide (8/8)

Mobile/Desktop split

37.1 35.6 34.7 33.9

42.9 40.6 38.7
47.5 45.5
51.8

62.9 64.4 65.3 66.1

57.1 59.4 61.3
52.5 54.5
48.2

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Desktop Mobile

17

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Analyst opinion

• Worldwide market comparison

• Regional comparison

• Country-level comparison
 Emerging markets are the key driver for growth in global Footwear market
Market Insights: Analyst opinion

The overall outlook for the fashion industry remains positive as the share of the
apparel and footwear portfolio is expected to decline only slightly, leading to
enormous overall growth potential. The most important driver for the global
footwear market is the increasing importance of emerging markets not only as
production sites but also as consumer markets. This indicates a strong impetus for
producers and retailers to diversify their geographical presence to enable further
growth. Additionally, the athleisure trend that combines comfort with chic and has
elevated functional sportswear to coveted fashion statements is bound to continue.

19

Sources: Statista Market Insights 2024

 The Sneakers market has the highest growth potential with a CAGR(1) of 6.2%
from 2023 to 2029
Market Insights: Worldwide market comparison

Revenue forecast in billion US$

+1.6% (1)

199.8
181.9

+6.2% (1)
+1.6% (1)
+1.6% (1)
109.0
102.3
93.2
75.8 81.0
73.7
+1.3% (1)

38.4 +1.7%(1)
35.5
13.5 14.9

Boots Sandals Sneakers Business & Formal Gym & Training Running

2023 2029

20 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With revenue of US$152.7 billion, Asia is the biggest market among selected
regions, in 2023
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+2.4%(1)

240.1

+2.7%(1) 208.8

163.8
+1.9%(1)
139.8
113.1
101.3

+3.4%(1)
+0.6%(1)
18.1 22.1
5.6 5.8

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

21 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With average revenue per capita of US$138.3, Americas is the biggest market
among selected regions, in 2023
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+2.1%(1)

+1.9%(1) +0.8%(1)
156.3

134.3 138.3 137.0

130.7
120.0

+1.8%(1)

46.2 51.4
+1.2%(1)

14.2 15.3

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

22 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With volume of 7.6 billion pairs, Asia is the biggest market among selected
regions, in 2023
Market Insights: Regional comparison (3/5)

Volume forecast in billion pairs

+1.1%(1)

8.1
7.6

+1.0%(1)
+0.7%(1)
3.1 3.3
2.3 2.4 0.0%(1)
0.0%(1)
0.9 0.9
0.1 0.1

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

23 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas has the biggest market in Footwear volume per capita in 2029
Market Insights: Regional comparison (4/5)

Volume per capita forecast in pairs

4.5
4.0 4.0
4.0
3.6 3.4
3.5 3.5 3.2 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1
3.0 2.8 2.9
3.3 3.3 2.9
2.8 2.8 2.8 2.8 2.8 2.8 2.9
2.5 2.9
2.7 2.6 2.6
2.6 2.6 2.5 2.5 2.5 2.5
2.0
1.4
1.5 1.9 1.8
0.8 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.7
1.5
1.0

0.5 0.8 0.8

0.6 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Europe Africa Americas Asia Australia & Oceania

24

Sources: Statista Market Insights 2024

 Australia & Oceania has the highest Footwear price per unit in 2029
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

53.5 54.1 54.7

55 51.9 52.4 52.9
49.5 50.6
48.5 48.2 48.2 48.1
50 47.4 48.1 50.2
46.1 46.7 48.9
44.7 45.4
45 40.6 43.0
41.4 41.9 46.4 47.0
44.8 45.3 45.8
40 43.4 44.4
42.3
35 38.2 39.4 39.0
37.8 29.3 29.8
28.0 28.4 28.8
30
29.4 28.8
25 27.1 27.4 27.8 27.4 27.8
20 24.6 25.4
22.7 23.7
21.4 22.0
15 19.6 20.5
18.2 18.7 18.6 18.5
10
5
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Europe Africa Americas Asia Australia & Oceania

25

Sources: Statista Market Insights 2024

 With a revenue of US$114.8 billion, China has the biggest market in 2023
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+1.8%(1)

+2.9%(1) 127.8
114.8
110.1

92.6

+2.7%(1)
+1.9%(1) +2.1%(1)
18.7 22.0
12.4 13.9 10.4
9.2

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
United States China Germany France United Kingdom

26 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 The United Kingdom has the highest average revenue per capita, amounting to
US$275.6 in 2023 among the selected countries
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+2.4%(1) +2.5%(1)

314.1 318.9

272.4 275.6

+2.1%(1)
+1.9%(1)

168.2
148.6 158.5
+1.9%(1) 141.8

80.1 89.7

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
United States China Germany France United Kingdom

27 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With volume of 3 billion pairs, China is the biggest market among selected
countries, in 2023
Market Insights: Country-level comparison (3/5)

Volume forecast in billion pairs

+1.1%(1)

3.2
3.0

+1.8%(1)

2.0
1.8

0.0%(1) 0.0%(1) 0.0%(1)

0.3 0.3 0.2 0.2 0.2 0.2

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

28 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With volume per capita of 5.3 pairs, the United States is the biggest market
among selected countries, in 2023
Market insights: Country-level comparison (4/5)

Volume per capita forecast in pairs

7
6.2 6.1
6 5.5 5.5 5.5 5.6 5.6
5.2 5.3 5.4 5.3 5.4
5.9
5 5.5
5.0 4.9 5.0 5.1
3.9 3.9 4.7 4.7 4.8 4.9
4 4.6 4.7
3.3 3.4 3.3
2.9 2.9 2.9 2.8 2.9 2.8 2.9 2.9 2.9 3.0
3.7 3.8 2.8
3
3.3 3.1 3.1 2.8 2.8 2.8
2 2.5 2.3 2.2 2.2 2.2 2.2 2.3 2.3
2.1 2.1 2.1
1.8
1

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
United States China Germany France United Kingdom

29 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 With price per unit of US$60.4, the United Kingdom is the biggest market among
selected countries, in 2023
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

65 62.6
61.5 61.8 62.2
61.3 61.3
60.4
60 57.9
54.0 54.6 55.3 56.0 57.0
55.5 53.4 54.8 56.1
54.7 55.1 53.7
54.2 52.2 51.6 53.1
55 51.1 52.3
50.5 55.6
47.5 49.4 54.5
47.2 47.6 48.2 48.0 53.9
47.2 46.5 52.9
50 47.1 52.2
51.4
50.3
47.8
45 46.3 46.8 46.5
46.1

38.9 39.6 39.0 39.1 39.5

40 38.8 38.1 38.2 38.4 38.7
37.8 37.9

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
United States China Germany France United Kingdom

30 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

CHAPTER 04

Market Drivers

• Summary

• Consumer spending

• Demographic trends
 The worldwide Footwear market is shaped by the emergence of Asia and
changing demographics
Market Drivers: Summary

The most important driver for the global footwear market is the rising importance
of emerging markets not only as manufacturing places but also as consumer
markets. The share of Europe and North America of worldwide consumer spending
on clothing and footwear will fall from 55% in 2015 to 43% in 2025. This indicates a
strong impetus for producers and retailers to diversify their geographic footprint in
order to sustain further growth. The overall outlook for the fashion industry
remains rather positive as the share of wallet of footwear is projected to increase
slightly, translating into decent growth potential overall.

Demographic change affects all countries covered, as birth rates decline, and
populations get older. People over the age of 55 are the fastest growing
demographic which will translate into different consumption patterns as older
consumers look more for comfort than self expression. A specific trend shaping
global supply chains are rising labor costs in China where economic success and an
ebbing of the inflow of domestic migrants from the hinterland into the urban
workforce has driven up manufacturing costs considerably. In consequence, the
footwear industry has shifted production increasingly to other countries in
Southeast Asia like Vietnam or Indonesia which offer lower hourly wages.

32

Sources: Statista Market Insights 2023

 Half of fashion spending already happens outside Europe and North America
Market Drivers: Consumer spending

The global economy is undergoing a sea-change with the weights of gross domestic However, the market potential of emerging markets cannot be ignored by fashion
product (GDP) and consumer spending shifting away from established markets in companies that want to continue to expand, as most of the projected growth in
North America and Central & Western Europe to emerging economies in Asia, fashion spending will happen outside Europe and North America.
Eastern Europe, the Middle East, Africa and Latin America. The fashion markets
have already experienced this changing tide as already half of spending occurs
outside North America and Europe.

Emerging markets are countries that are deemed to be in a transitional phase

between developing and developed status. Brazil, Russia, India and China,
commonly referred to as the BRIC states, represent the four largest economies
among emerging markets. Their growth has outstripped that of western nations in
most years for the last three decades.

The expansion into emerging markets carries certain country risks1 related to the
institutional framework, e.g., the law, as well as unfavorable currency effects and an
overall higher volatility of the markets. Additionally, fashion brands must diversify
their portfolio to cater for different cultural expectations and taste in different
regions.

33 Notes: (1) Statista’s country reports can help drive decisions on market entry by providing exhaustive statistics on opportunities and risks in 160 countries worldwide

Sources: Statista Market Insights 2023, Statista Key Market Indicators, based on IMF, UN, World Bank, Eurostat and national statistical offices
 The world’s population is getting older
Market Drivers: Demographic Trends

Worldwide population by age group

A key trend defining the outlook of the global footwear industry is the demographic 26%
shift affecting many of the 152 countries and territories surveyed in the Consumer 25%
Market Insights. 23%
22%

People of 55 years and older are the fastest growing demographic in those
19%
countries and will constitute a majority within the next ten years. 17%
On the other hand, the share of younger consumers will slightly fall. This will likely 15% 15% 15% 15% 16%
14% 14% 13% 14%
result in changed consumption patterns. First, the increased role of comfort (as
12% 12%
opposed to style considerations) that lies at the core of the recent athleisure boom 11%
is likely to continue in an ageing society. Secondly, and connected to the first point,
is a rising importance of orthopedic shoes like Birkenstock sandals. Thirdly, overall
volume demand is likely to remain flat since older consumers use footwear less for
fashion signaling and tend to treat it more as a commodity.

0-14 15-24 25-34 35-44 45-54 55+

2010 2020 2030

34

Sources: Statista Market Insights 2023, Statista Key Market Indicators based on UN DESA and national statistical offices
 Labor costs in China have risen rapidly
Market Drivers: Sourcing countries (1/2)

Manufacturing labor costs per hour in US$

+24%

52.0 +12%
+52%
+39%
41.9 42.6
38.0

27.6 27.4

+45% +29% +50% +47% +60%

+450% +140% +400% +143% +150%
4.8
3.3 2.4 3.1 2.0 3.0 2.5
0.6 1.0 0.4 0.7 1.7 0.5 0.8
0.2
Germany U.S. China Philippines Vietnam India Indonesia

2002 2015 2019

35

Sources: A.T. Kearney

 As a result of rising labor costs, footwear production is shifting from China to
Southeast Asia
Market Drivers: Sourcing countries (2/2)

Footwear production worldwide in million pairs

China 11,118
14,200

India 2,080
2,065

Vietnam 1,320
770

Indonesia 1,036
700

Brazil 764
900

Turkey 487
300

Pakistan 483
370

Bangladesh 423
298

Mexico 165
245

2013 2020

36

Sources: Statista Market Insights 2023, Statista Key Market Indicators based on UN DESA and national statistical offices
CHAPTER 05

Consumer Insights

• Summary

• Relevance of low prices

• Relevance of premium quality

• Second-hand shopping

• Brand awareness
 Footwear consumers are polarized into luxury and price optimizing shopper
types
Consumer Insights: Summary

Footwear buyers are looking for inexpensive prices, with about half (46%) of
respondents in the U.S. and more than one third of the respondents in the UK,
Germany and China, naming low prices as a particularly important criterion. On the
other hand, the same respondents also bought premium and luxury footwear over
the review period. This paradox opens up opportunity spaces for vertical fast
fashion players on one side and for luxury brands of the other. But it also leaves
middle tier brands under pressure to diversify to either end of the spectrum.

The desire for exclusive brands and the concurrent price priming may at least
partly explain the popularity of footwear as second-hand items which can offer
access to exclusive brands at more permissive price points. Brand awareness is
very high for fashion items, second only to smartphones, which highlights the
importance of marketing in the footwear industry.

38

Sources: Statista Market Insights 2024

 37% of U.S. consumers look for affordable prices when buying shoes
Consumer Insights: Relevance of low prices

Share of internet users for which low prices are particularly important
22%
Alcoholic drinks 29%
16% 20%
16%
Bags & luggage 16%
16% 19%
43%
Clothing 37% 42%
38%
37% 41%
Food & non-alcoholic drinks 43%
21%
22%
25%
Household appliances 24%
25% 37%
32%
Shoes
31% 35%
30% 33%
Smartphones
29% 46%
17%
Toys & baby products 11% 16%
10%
USA UK Germany China

39 Notes: Question: For which of these products is a low price of particular importance to you? (multi pick) n= 10,085 (USA); 6,001 (DEU); 4,030 (GBR); 4,014 (CHN)

Sources: Statista Global Consumer Survey as of July 2024

 Many consumers also want premium products in apparel and footwear
pressuring middle-tier brands
Consumer Insights: Relevance of premium quality

Share of internet users who also buy premium or luxury items

15%
Alcoholic drinks 19%
16%
18%
14%
17%
Bags & luggage
15% 27%
32%
Clothing 34%
31%
41%
21%
22%
Cosmetics & body care
23% 29%
16%
17%
Food & non-alcoholic drinks
16%
12%
32%
32%
Shoes
33% 40%
34% 37%
Smartphones
37% 44%
USA UK Germany China

40 Notes: Question: In which of these product categories do you also buy premium or luxury items? (multi pick) n= 10,085 (USA); 6,001 (DEU); 4,030 (GBR); 4,014 (CHN)

Sources: Statista Global Consumer Survey as of July 2024

 Shoes are rather popular second-hand items
Consumer Insights: Second-hand shopping

Share of internet users who have bought second-hand products within the last 12 months

8% 10%
Bags & luggage
8% 10%
30%
Clothing 30%
21%
12%
Consumer electronics 12%
10% 12%
(e.g., TV, smartphones) 14%
19%
Shoes 15%
13%
12%
8% 10%
Sports & outdoor products
8% 10%
12%
Toys & baby products 11%
10%
7%
USA UK Germany China

41 Notes: Question: Which of these articles have you bought second hand in the past 12 months (no matter if online or in person)? (multi pick) n= 10,085 (USA); 6,001(DEU); 4,030 (GBR); 4,014 (CHN)

Sources: Statista Global Consumer Survey as of July 2024

 Brand awareness for clothing and shoes are high
Consumer Insights: Brand awareness

Percentage of internet users paying particular attention to brands

55%
55% 56%
51%

44% 46% 44%

40%
42% 40%
38% 38%
31% 37%
34% 36%
31% 33% 34%
31% 32%
26% 23% 27%
25% 25% 25%
22% 22%
20% 22% 23% 22% 21% 21%
19% 15%
13% 14% 15%

Alcoholic drinks Bags & luggage Clothing Detergents Food & non- Furniture & Household Shoes Smartphones TV & HiFi
& cleaning alcoholic drinks household appliances
products goods
USA UK Germany China

42 Notes: Question: In which of these categories do you pay particular attention to brands? (multi pick) n= 10,085 (USA); 6,001(DEU); 4,030 (GBR); 4,014 (CHN)

Sources: Statista Global Consumer Survey as of July 2024

CHAPTER 06

Trends

• Athleisure

• Eco-Friendly Footwear

• Technological Innovations
 Athleisure and the Blending of Fashion with Functionality
Trends: Athleisure

Athleisure is one of the most powerful trends in the global footwear market, Moreover, the increasing adoption of fitness activities, especially among millennials
reflecting a shift towards blending functionality with everyday fashion. Athletic and Gen Z, drives this trend further. Athleisure aligns perfectly with the growing
footwear is no longer confined to sports or fitness activities but is increasingly worn consumer preference for comfortable, practical fashion that reflects an active
as casual, everyday wear due to its comfort and stylish appeal. This trend is fueled lifestyle. As the line between sports and lifestyle footwear continues to blur, brands
by consumers' desire for versatile, multi-purpose shoes that can transition are responding by offering stylish, performance-enhancing shoes that resonate
seamlessly between exercise, leisure, and even social settings. with consumers' desire for convenience and versatility.

Brands like Nike and Puma are capitalizing on this by launching products that are
both performance-driven and fashionable. For instance, the Chunky Sneaker
collection from Campus Activewear merges athletic features with trendy, stylish
designs. Additionally, collaborations with designers, celebrities, and influencers
amplify the popularity of athleisure, as seen with Sonam Bajwa's involvement with
Campus Activewear, making athleisure footwear not just a functional item but a
fashion statement.

44

Sources: Statista Market Insights 2023

 Sustainability and Eco-Friendly Footwear
Trends: Eco-Friendly Footwear

Sustainability has become a central concern for consumers and brands alike, Sustainability has become a differentiating factor in the competitive footwear
leading to the rise of eco-friendly footwear. Conscious consumers, especially in market. Brands that are proactive in adopting eco-friendly practices not only meet
regions like North America and Europe, are demanding products that align with consumer expectations but also contribute to a more sustainable future, which is
their environmental values. This shift is pushing brands to innovate with materials increasingly important in building a loyal customer base.
and processes that reduce their environmental footprint. For instance, Saucony’s
commitment to using organic, recycled, or renewable materials in 90% of its
products by 2025 (with the goal of reaching 100% by 2030) highlights the growing
importance of sustainability in the athletic footwear market.

Brands are also increasingly utilizing eco-friendly technologies, such as Nike's "H2
Barge 1," a hydrogen-powered inland container ship that reduces the carbon
emissions associated with transportation. Similarly, CovationBio PDO’s launch of
running shoes powered by Susterra further exemplifies the shift towards using
renewable resources in footwear production. In response to this demand,
companies are investing in sustainable materials like organic cotton, recycled
plastics, and biodegradable materials. These initiatives not only reduce the
environmental impact but also appeal to eco-conscious consumers, enhancing
brand loyalty and long-term market sustainability.

45

Sources: Statista Market Insights 2023

 Technological Innovations in Footwear Design
Trends: Technological Innovations

The rapid advancement in footwear design technology is transforming the athletic Wearable technology is an emerging frontier, with some shoes now featuring
footwear market, providing consumers with shoes that enhance performance and integrated sensors that track the wearer’s movement, posture, and performance.
comfort. Leading brands are leveraging cutting-edge materials and design This data-driven approach enables a personalized experience, offering athletes
techniques to create footwear that meets the high demands of athletes and fitness insights into their running style or fitness routine. The combination of high-
enthusiasts. For instance, ASICS' GEL-KAYANO 30 incorporates advanced performance materials, innovative design, and wearable tech is positioning athletic
cushioning technologies like PureGEL and FF BLAST PLUS ECO, which offer superior footwear as not just a necessity but a tool for optimizing physical activity. This trend
shock absorption and comfort for runners. This is a prime example of how brands ensures that brands can offer consumers shoes that are both fashionable and
are integrating new technologies to enhance performance while prioritizing the technologically advanced, appealing to a broad range of buyers from professional
user’s experience. athletes to fitness enthusiasts.

Footwear innovation also extends to materials, where lightweight fabrics, improved

ventilation, and moisture-wicking capabilities contribute to a more comfortable and
durable product. Brands like Nike and New Balance are incorporating breathable
materials and agile designs to reduce strain and improve responsiveness, helping
athletes achieve better results in their respective sports. Outsole technologies are
another area of innovation, with upgrades that offer improved traction and
durability, essential for activities like running, hiking, and trekking.

46

Sources: Statista Market Insights 2023

CHAPTER 07

Key Players

• Nike

• Adidas

• Puma

• ASICS
 Revenue for Nike increased at CAGR(1) 7% from 2018 to 2023
Key Players: Nike

Worldwide revenue in million US$

Nike Inc. traces its origins back to 1964 and started as a reseller of Japanese sports
shoes of the company today known as Asics. Starting in the 1970s, it started
+7%(1) 51,217
marketing footwear under its own, now iconic, Swoosh logo. A big growth driver
46,710
over the years have been sponsoring deals with of popular athletes, e.g., Michael 44,538
Jordan, after which one particularly successful line of sneakers, the Air Jordan is
39,117
named. Apart from the Nike brand, the company markets the brands Jordan, 36,397 37,403
Hurley and Converse.

2018 2019 2020 2021 2022 2023

48 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Nike
 Adidas revenue has decreased from 2022 to 2023 by about 4.8%
Key Players: Adidas

Worldwide sales in million US$(1)

0%(2) By sales, the Adidas group is the second biggest footwear company in the world It
25,696 sells clothing, footwear and sports equipment under the Adidas and Reebok brands
24,468
23,821 23,290 and licenses these brands as well to manufacturers of watches, cosmetics and
23,080
eyewear.
20,038
The company was founded in 1949 after its founder, Adolf Dassler had a falling out
with his brother with whom he had been manufacturing sports shoes since the
1920’s. This brother happened to go on and found rivaling Puma leading to the
coincidence that two of the world’s biggest sportswear companies are located in
the same small Bavarian town of Herzogenaurach.

2018 2019 2020 2021 2022 2023

49 Notes: (1) Converted from EUR; 1 USD = 0.92 EUR; (2) CAGR: Compound Annual Growth Rate,

Sources: Adidas
 Puma shows a strong growth pattern with CAGR(1) of 13% from 2018 to 2019
Key Players: Puma

Worldwide sales in billion US$(2)

Puma is a multinational sportswear and athletic footwear manufacturer. It was

founded in 1948 by Rudolf Dassler who had fallen out with his brother Adolf who
became the driving force behind Adidas. Today, it ranks fifth among the biggest 9.2 9.3
footwear companies in the world in terms of revenue after Nike, Adidas, New +13%(1)

Balance and ASICS Puma has been publicly listed since 1986 and is partially owned
7.4
by French luxury company Kering. A key tenet of Puma’s recent strategy has been a
push towards owned retail. Owned retail stores as well as online distribution
6.0
ensure the company a higher share of the final selling price as well as tighter 5.7
control of brand presentation. 5.1

2018 2019 2020 2021 2022 2023

50 Notes: (1) CAGR: Compound Annual Growth Rate ; (2) Converted from EUR; 1 USD = 0.92 EUR

Sources: Puma
 ASICS ranks among one of the biggest footwear companies worldwide
Key Players: ASICS

Worldwide sales in billion US$(1) ASICS is a Japanese sportswear and footwear company whose name is an acronym
on the Latin saying “anima sana in corpore sano or “healthy soul in a healthy body”.
3.8 It was founded as Onitsuka Co Ltd in 1949 in Kobe, Japan.

+8%(2) Today, it ranks as the fourth biggest footwear manufacturer worldwide. In addition
3.2 to its eponymous ASICS brand, it sells products under the brands Onitsuka Tiger
and Haglöfs. 2023 revenue of Asics saw a substantial increase of around US$600
2.7 million reaching US$ 3.8 billion compared to US$ 3.2 in 2022.
2.5 2.5
2.2

2018 2019 2020 2021 2022 2023

51 Notes: (1) Converted from JPY; 1 USD = 152.0612 JPY; (2) CAGR: Compound Annual Growth Rate,

Sources: ASICS
 Agenda

Market Outlook Business & Formal 145

Overview 4 Sandals 167
Market Size 9
Market Insights 18 Appendix
Market Drivers 31 Product Overview 190
Consumer Insights 37 Author 194
Trends 43
Key Players 47

Markets
Sneakers 53
Gym & Training 79
Running 101
Boots 123

52
MARKETS

Sneakers
CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Exploring key trends in the global Sneakers market growth and challenges
Overview: Market Definition

Market definition

Definition: purchases in stationary stores, by telesales, or via mail order (e.g., print catalogs).

The market for Sneakers refers to so-called “athleisure” footwear, i.e., everyday Key players in the market include companies such as Nike, Adidas, Puma, and
footwear with an athletic appearance where fashion aspects outweigh functional Asics.
ones. The segments Sneakers and Athletic Footwear have seen an upsurge during
the past years and have gained in importance in comparison to classic town
footwear. Athletic Footwear that is specifically designed for sports purposes (e.g.,
soccer, tennis, basketball, etc.) is excluded and can be found in the corresponding
Athletic Footwear segment.

Additional Information:

The market comprises revenue and average revenue per capita, volume and
average volume per capita, price per unit (per pair), and sales channels data. The
online distribution channel refers to the purchase of physical goods from a digital
marketplace. In other words, the purchase is conducted via the internet, be it on a
desktop PC, tablet, or smartphone. The offline distribution channel covers all

55

Sources: Statista Market Insights 2024

 Projected 2024 Sneakers market revenue worldwide reaches $US 84.5bn with a
strong growth outlook
Overview: Key Takeaways

Key Takeaways

• In 2023, the revenue generated in the Sneakers market worldwide is an impressive US$75.8bn.

• It is projected that this market will experience an annual growth of 5.22% (CAGR 2024-2029).

• Comparing the revenue generated by different countries, the United States dominates the market by generating the most revenue in the Sneakers market, which is
estimated to reach US$24,510m in 2024.

• To put this into perspective, the revenue generated per person in 2024 is expected to be US$10.91.

• Looking ahead, the volume of the Sneakers market is predicted to reach 1.5bn pairs by 2029.

• Additionally, there is an expected volume growth of 2.8% in 2025 alone.

• The average volume per person in the Sneakers market is predicted to be 0.16pairs in 2023.

• These figures clearly demonstrate the potential for growth in the Sneakers market worldwide.

• Sneaker culture in the United States continues to thrive with high demand for limited edition releases and collaborations.

56

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• "Athleisure" footwear (everyday shoes with athletic design) • Functional athletic footwear (e.g. for tennis, basketball, soccer, running etc.)

• Work and safety shoes

57

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide sustainable market share

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Projected Sneakers revenue to climb steadily through 2029, signaling strong
market growth
Market size: Worldwide (1/6)

Revenue forecast in billion US$

109.04
103.44
+4.8%(1) 98.14
93.13
88.84
84.53
75.77
72.72
69.82
65.29 62.97 65.61

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

59 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Sneakers market average revenue per user is set to increase by 2029,
highlighting robust growth potential
Market size: Worldwide (2/6)

Average revenue per capita forecast in US$

13.53
+3.9%(1) 12.93
12.36
11.83
11.37
10.91

9.54 9.86
9.39
8.87 8.67
8.39

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

60 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Share of sustainable Sneakers is estimated to increase from 2018 to 2026
Market size: Worldwide (3/6)

Sustainable footwear share in percent

10.00
10
9.10
9 8.40
7.70
8
7.10
7 6.60
6.20
5.80
6 5.50

0
2018 2019 2020 2021 2022 2023 2024 2025 2026

61

Sources: Statista Market Insights 2024

 Projected growth in Sneakers market volume with an increasing CAGR by 2029
Market size: Worldwide (4/6)

Volume forecast in billion pairs

+1.9%(1)
1.47
1.43
1.38
1.31 1.34
1.29 1.27
1.20 1.20 1.20
1.12 1.14

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

62 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Sneakers market set to expand with rising average volume per capita by 2029
Market size: Worldwide (5/6)

Average volume per capita forecast in pairs

0.18 0.18
0.18 0.17 0.17 0.17 0.17
0.16 0.16 0.16 0.16
0.16 0.15 0.15

0.14

0.12

0.10

0.08

0.06

0.04

0.02

0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

63

Sources: Statista Market Insights 2024

 Sneakers market price per unit is forecasted to increase by 2029, driving
revenue growth
Market size: Worldwide (6/6)

Price per unit forecast in US$

80 74.11
71.05 72.57
68.03 69.57
70 66.51
63.23
60.74
56.33 57.56
60 54.41 54.25

50

40

30

20

10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

64

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison

• Further market analysis

 Asia is projected to lead in the Sneakers market revenue by 2029, outpacing
other regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+7.4%(1)
+5.3%(1)

41.79
39.98

+5.9%(1)
29.39
27.18
23.14

16.40
+6.8%(1)
+6.4%(1)

2.04 3.03
0.76 1.10

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

66 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas is projected to lead in average revenue per user in the Sneakers
market by 2029 compared to other regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+4.6%(1)

38.14
+5.9%(1)
+5.2%(1)
29.09
27.47
24.04
19.43
17.73
+6.8%(1)

+4.4%(1) 8.94
6.02
1.61 2.09

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

67 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia is projected to lead in Sneakers market volume by 2029 compared to other
regions
Market Insights: Regional comparison (3/5)

Volume forecast in billion pairs

+2.6%(1) +4.7%(1)

0.57 0.58

0.49
0.44
+2.8%(1)

0.26
0.22
0.0%(1)
0.0%(1)
0.04 0.04
0.01 0.01

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

68 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas projected to lead in Sneakers market by average volume per capita by
2029 compared to other regions
Market Insights: Regional comparison (5/5)

Average volume per capita forecast in pairs

0.54 0.55
0.52 0.52 0.53
0.55 0.51
0.50 0.49 0.49 0.50
0.48
0.50 0.46
0.45
0.40
0.35
0.33
0.35 0.31 0.31
0.29 0.29 0.29 0.30
0.27 0.27 0.28
0.30 0.26
0.25
0.23
0.25
0.20 0.27
0.26 0.25 0.25 0.25 0.26 0.26
0.20 0.24 0.24
0.15 0.11 0.11 0.11 0.12 0.12 0.12
0.09 0.10 0.09 0.10 0.10
0.08
0.10
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
0.05
0.03 0.03
0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Australia & Oceania Europe Americas

69

Sources: Statista Market Insights 2024

 Australia & Oceania is set to lead in price per unit in the Sneakers market by
2029, outpacing other selected regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

95
90.03
90 87.87
85.76
83.71
85 81.59 87.67
79.51 85.97
80 82.67 84.30 72.77
75.04 80.97 70.62
79.28 67.67
75 71.87 69.13
66.12 72.15
68.97 75.01 62.70 64.60 64.06 68.18 70.46
70 66.82 67.69
65.97 65.96
70.17 59.81 61.52
65 69.62
60.33 61.85 64.38 68.21
58.69 66.82
65.46
60 59.90 63.62
57.71 58.77 57.50 61.30
53.77 54.38
55
52.60 53.27 56.16
51.94
50 51.89 52.67
47.02 46.84
45.29 49.16
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Americas Asia Europe Australia & Oceania

70

Sources: Statista Market Insights 2024

 The United States is projected to lead in Sneakers market revenue by 2029,
outperforming other selected regions
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+5.4%(1)

+8.2%(1) 30.57

25.41
22.27

15.84

+5.5%(1)
+6.1%(1)
+5.5%(1)
5.24
3.80 3.80
2.66 1.81
1.31

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

71 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States projected to lead in average revenue per user in the Sneakers
market by 2029 compared to other regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+4.9%(1)
+5.2%(1)
87.23
75.90
65.51
+6.2%(1)
56.03
45.86 +5.3%(1)
+8.3%(1) 31.95
27.58
17.83 20.22
11.05

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

72 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States is projected to lead the Sneakers market in volume by 2029
compared to other selected regions
Market Insights: Country-level comparison (3/5)

Volume forecast in billion pairs

+2.9%(1)

0.45
+5.5%(1)
0.38
0.33

0.24

+3.1%(1)
+4.9%(1)
0.0%(1)
0.05 0.06
0.03 0.04
0.02 0.02

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

73 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States projected to lead in Sneakers market by average volume per
capita across selected regions by 2029
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

1.4
1.25 1.28
1.20 1.23
1.18 1.16 1.18
1.2 1.10 1.10 1.11 1.10
1.06

1.0
1.03 0.84 0.82 0.85
1.00 0.78 0.80
0.77 0.77 0.75 0.77
0.8 0.73

0.6 0.49 0.52 0.49

0.45 0.47 0.48
0.44 0.41 0.41 0.42 0.43
0.39
0.4 0.34 0.34
0.29 0.28 0.30
0.26 0.26 0.27 0.28 0.29 0.29
0.25
0.2
0.14 0.16 0.15 0.13 0.23
0.19 0.20 0.21 0.22
0.16 0.16 0.18
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China France Germany United Kingdom United States

74

Sources: Statista Market Insights 2024

 Germany set to lead in Sneakers market with highest price per unit by 2029
compared to other regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

100
95.04
93.31
95 91.61
89.95 90.61
88.23 89.28
90 81.47 86.51
87.98
77.02 86.70 89.72
85 85.36 88.05
83.99 86.41
72.79 84.80
80 68.03 67.67 80.57 83.14
70.08 76.01 81.51
65.88 65.33
75
67.92 64.88 77.16 77.07
63.64 75.61
70 70.80 74.18
60.64 72.77
63.77 71.32
69.90
65 68.26
60.03 67.23 66.96
65.70 65.68
60 64.35 64.43
62.57 63.14
54.39 61.89
55.45 59.33
55 57.32
52.50 53.05
51.75 51.63
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
United States China United Kingdom France Germany

75

Sources: Statista Market Insights 2024

 In 2023, Nike had the highest share in Sneakers
Market Insights: Further Market Analysis (1/3)

Brand share in 2023

76

Sources: Statista Market Insights 2024

 In the Sneakers market, online revenue share reached 24% in 2023
Market Insights: Further Market Analysis (2/3)

Online revenue share

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

73.00% 69.10% 73.50% 72.40% 71.90% 72.00%

74.10% 76.00% 76.50% 75.00%
79.70% 79.60%

27.00% 30.90% 26.50% 27.60% 28.10% 28.00%

25.90% 24.00% 23.50% 25.00%
20.30% 20.40%

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Online Offline

77

Sources: Statista Market Insights 2024

 In the Sneakers market, mobile revenue share reached 68.9% in 2023
Market Insights: Further Market Analysis (3/3)

Mobile/Desktop split
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

29.30% 27.50% 26.40% 25.40%

33.30% 31.10%
39.50% 36.00%
43.50%
49.50%

70.70% 72.50% 73.60% 74.60%

66.70% 68.90%
60.50% 64.00%
56.50%
50.50%

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Mobile Desktop

78

Sources: Statista Market Insights 2024

MARKETS

Gym & Training

CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Explore the key trends shaping the Gym & training footwear market globally
Overview: Market Definition

Market definition

Definition:

The Gym & Training footwear market encompasses shoes designed for various
fitness and gym activities, including weightlifting, cross-training, aerobics, and
other sports. These shoes offer support, flexibility, and traction to enhance
performance and safety during workouts.

Additional Information:

The market includes revenue and average revenue per capita, volume and
average volume per capita, price per unit (per pair), and sales channels data.
Both online and offline distribution channels are relevant. Key players in this
market are Nike, Reebok, Under Armour, and Puma.

81

Sources: Statista Market Insights 2024

 Worldwide Gym & training market revenue to reach $US 38.4 billion in 2029
Overview: Key Takeaways

Key Takeaways

• In 2023, the revenue in the Gym & Training market worldwide amounts to US$35.5bn.

• It is projected that the market will experience an annual growth rate of 1.40% (CAGR 2024-2029).

• Among all countries, the United States generates the highest revenue, with US$10,550m in 2023.

• In terms of per capita revenue, the Gym & Training market is projected to generate US$4.62 per person in 2024.

• By 2029, the volume in the Gym & Training market is expected to reach 306.8m pairs units.

• In 2025, the Gym & Training market is expected to exhibit a volume growth of 0.6%.

• Additionally, the average volume per person in the Gym & Training market is expected to amount to 0.04pairs units in 2024.

• The demand for eco-friendly and sustainable athletic footwear is increasing in many countries worldwide, including the United States, Canada, and the United Kingdom.

82

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• tennis shoes • Running shoes

• basketball shoes • Casual sneakers

• soccer shoes

• Cross-training shoes

• Weightlifting shoes

• Aerobics shoes

• General fitness shoes

83

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Gym & training revenue is projected to grow steadily, reaching new heights by
2029
Market size: Worldwide (1/5)

Revenue forecast in billion US$

+0.7%(1)

38.29 37.68 38.40

36.26 36.71 37.18
35.71 35.40 35.49 35.82
33.77 34.00

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

85 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Gym & training market faces a decline with a decrease in average revenue per
user by 2029
Market size: Worldwide (2/5)

Average revenue per capita forecast in US$

-0.2%(1)
5.15
4.85 4.76
4.64 4.62 4.62 4.64 4.66 4.68 4.71
4.50 4.49

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

86 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Gym & training market volume is projected to decrease by 2029
Market size: Worldwide (3/5)

Volume forecast in million pairs

-0.1%(1)
328.65
308.79 302.24 303.71 304.91 305.90 306.75
297.05 297.75 300.32
288.66 289.34

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

87 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Gym & training market volume per capita projected to remain stable through
2029
Market size: Worldwide (4/5)

Average volume per capita forecast in pairs

0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.040

0.035

0.030

0.025

0.020

0.015

0.010

0.005

0.000
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

88

Sources: Statista Market Insights 2024

 Gym & training market sees a promising increase in price per unit, projecting
robust growth by 2029
Market size: Worldwide (5/5)

Price per unit forecast in US$

140
123.19 125.18
119.17 119.20 119.28 119.96 120.88 121.95
115.65 116.49 117.00 117.50
120

100

80

60

40

20

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

89

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison
 Americas forecasted to lead in Gym & training market revenue by 2029
compared to other regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+1.8%(1)
+1.0%(1)
15.48
13.89 14.37
13.51

+0.6%(1)

7.01 7.26

+3.4%(1)
+2.4%(1)

0.82 1.00
0.26 0.30

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

91 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas projected to lead in average revenue per user in the Gym & training
market by 2029 compared to other regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+1.2%(1)

14.77
13.74

+0.6%(1)

8.62 +0.8%(1)
8.30

6.14 6.44
+0.4%(1)

+1.3%(1) 2.99 3.07

0.64 0.69

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

92 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia is projected to lead in the Gym & training market volume by 2029,
surpassing other selected regions
Market Insights: Regional comparison (3/5)

Volume forecast in million pairs

+0.5%(1)
+0.6%(1)
124.29 128.29

109.44 113.47

+0.2%(1)

51.23 51.86

+0.3%(1)
+1.1%(1)
10.94 11.16
1.85 1.98

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

93 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas set to lead in Gym & training market by average volume per capita by
2029 compared to other regions
Market Insights: Regional comparison (4/5)

Average volume per capita forecast in pairs

0.12
0.12 0.12
0.10
0.10 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11

0.08 0.08
0.08 0.07 0.07
0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
0.06 0.05 0.05 0.05
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.04 0.03 0.03
0.03 0.02 0.03
0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03
0.01 0.01 0.01
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Australia & Oceania Europe Americas

94

Sources: Statista Market Insights 2024

 Australia & Oceania is set to lead in price per unit in the Gym & training market
by 2029 compared to other regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

148.20 149.40
145.07 145.93 147.04
150 144.26
140.15 140.66 142.25
139.77 137.92 138.08
140 138.64 139.24 139.97
136.82 137.61 137.89 138.20
129.59 129.56 133.76
130 128.90 136.43
128.04 132.74
129.55 131.02
120.99 126.89 126.79 128.14
120 119.10 117.03 125.95
118.37
110 114.09
110.82 111.39 110.42 110.20 111.10 112.00
108.59 108.72 108.66 108.82 109.45
100

90
89.23
80 86.63
71.92 83.88
68.88 70.05 80.91
67.82 78.79
74.93 76.93
73.84
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Americas Europe Australia & Oceania

95

Sources: Statista Market Insights 2024

 The United States is projected to lead in Gym & training market revenue by
2029 compared to other regions
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+2.0%(1)

11.90
+0.5%(1)
10.55
9.03 9.29

+1.4%(1)
+0.8%(1)
+0.7%(1)
1.65 1.79
1.21 1.27
0.67 0.70

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

96 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 The United States leads in average revenue per user in the Gym & training
market by 2029 compared to other regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+1.5%(1)

33.95
31.04 +1.0%(1)

25.88
24.34
+0.9%(1)

15.36 +0.5%(1)
14.55
+0.6%(1)
10.34 10.64
6.30 6.52

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

97 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 The United States is projected to lead in the Gym & training market volume by
2029 compared to other regions
Market Insights: Country-level comparison (3/5)

Volume forecast in million pairs

+0.8%(1)
+0.6%(1)
82.82
78.36 78.72
75.70

+1.2%(1)
+0.1%(1)
+0.6%(1)
12.31 13.23
9.08 9.16
3.63 3.77

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

98 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 The United States is set to lead in average volume per capita in the Gym &
training market by 2029 compared to other regions
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

0.30
0.26
0.25
0.24 0.24 0.24 0.24
0.25 0.23 0.23 0.23 0.23 0.23 0.23
0.23
0.22
0.19
0.20
0.21
0.16 0.16
0.15 0.19 0.19 0.19 0.19 0.19 0.19
0.15 0.18 0.18
0.13
0.12
0.11 0.11 0.11 0.11 0.11 0.11 0.11
0.10 0.08 0.08
0.07
0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
0.05
0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
0.04
0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China France Germany United Kingdom United States

99

Sources: Statista Market Insights 2024

 France is set to lead in the Gym & training market by offering the highest
average revenue per user by 2029 compared to other selected regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

190 183.87 185.18 184.65 183.85 184.97

181.53 181.55 182.60 182.28 182.47 182.99
177.37
180

170

134.72 136.17 143.65

160 134.08 134.84 139.39
133.59
126.36 128.53 135.58 137.75
123.96 129.13 134.25 137.65
127.59 133.97 133.20 134.64
150 125.26 136.51
127.48 133.38 138.99
140 124.93 125.86 128.04
125.47
125.08 124.37
123.53 134.59
130 134.31 134.20 134.31 134.96
119.35 118.38 118.02 117.90 117.98 118.21 118.52
123.76 124.24 122.81 122.88 123.03
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China Germany United Kingdom United States France

100

Sources: Statista Market Insights 2024

MARKETS

Running
CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Explore the key trends shaping the global Running footwear market
Overview: Market Definition

Market definition

Definition:

The market for Running footwear includes shoes designed specifically for running
activities. These shoes are engineered to provide support, cushioning, and
stability to enhance running performance and reduce injury risk. The segment
focuses on functional aspects tailored to various types of running, such as road
running, trail running, and long-distance running.

Additional Information:

The market comprises revenue and average revenue per capita, volume and
average volume per capita, price per unit (per pair), and sales channels data.
Online and offline distribution channels are considered, including purchases from
digital marketplaces and physical stores. Key players include companies such as
Nike, Adidas, Brooks, and Asics.

103

Sources: Statista Market Insights 2024

 Projected 2024 Running market revenue reaches $us13.7 billion with a 1.6%
annual growth rate through 2029
Overview: Key Takeaways

Key Takeaways

• According to the latest market research, the Running market is projected to generate a revenue of US$13.5bn in 2023, with an estimated annual growth rate of 1.61%
(CAGR 2024-2029).

• It is noteworthy that the United States contributes the highest revenue share in the global comparison, with a revenue of US$4,092m in 2023.

• Interestingly, the per-person revenue generated in the Running market is expected to be US$1.77 in 2024, in relation to the total population figures.

• Moving forward, the volume of the Running market is estimated to reach 131.2m pairs by 2029, with a projected volume growth of 1.1% in 2025.

• Moreover, the average volume generated per person in the Running market is be 0.02 pairs in 2023.

• These figures pertain to the global Running market.

• Despite the growing demand for vegan footwear, countries like Italy and Spain remain key players in the traditional leather footwear market worldwide.

104

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Road running shoes • Casual athletic shoes

• Trail running shoes • Everyday sneakers

• Long-distance running shoes • Fashion-oriented athletic shoes

105

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Forecasted increase in Running market revenue reaches new heights by 2029
Market size: Worldwide (1/5)

Revenue forecast in billion US$

+1.2%(1)
14.60 14.88
14.19 14.39
13.93 13.74 13.98
13.51 13.51
12.99
12.14 11.85

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

107 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Exploring growth in the Running market: average revenue per user expected to
increase by 2029
Market size: Worldwide (2/5)

Average revenue per capita forecast in US$

+0.5%(1)
1.87 1.85
1.79 1.80 1.81 1.82
1.76 1.77 1.76 1.77
1.62
1.57

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

108 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Forecast shows Running market volume set to increase by 2029
Market size: Worldwide (3/5)

Volume forecast in million pairs

+0.5%(1)
131.57 128.53 129.50 130.21 130.75 131.18
124.83 125.15 127.16
123.66
113.52 110.17

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

109 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Stable growth anticipated in the Running market with average volume per capita
remaining consistent through 2029
Market size: Worldwide (4/5)

Average volume per capita forecast in pairs

0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.020

0.015

0.01
0.010

0.005

0.000
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

110

Sources: Statista Market Insights 2024

 Running market sees a price per unit increase, forecasting continued growth by
2029
Market size: Worldwide (5/5)

Price per unit forecast in US$

120 111.64 113.43

108.21 107.93 108.07 108.73 109.57 110.54
105.06 105.89 106.97 107.59
110
100
90
80
70
60
50
40
30
20
10
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

111

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison
 Americas set to lead in Running market revenue by 2029 compared to other
regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+1.9%(1) +1.7%(1)

5.91 5.88
5.29 5.30

+0.6%(1)

2.49 2.58

+2.9%(1)
+1.5%(1)

0.32 0.38
0.11 0.12

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

113 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas set to lead in the Running market by 2029 with the highest average
revenue per user compared to other regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+1.3%(1)

5.64
5.23

+0.7%(1)
+0.8%(1)

2.95 3.07
2.59 2.72
+1.2%(1)

+0.7%(1) 1.17 1.26

0.25 0.26

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

114 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia is projected to lead in the Running market volume by 2029 compared to
other regions
Market Insights: Regional comparison (3/5)

Volume forecast in million pairs

+1.1%(1)

+0.7%(1) 58.47
54.69

44.99 46.92

+0.2%(1)

20.32 20.60
-0.1%(1)
+1.0%(1)
4.33 4.31
0.83 0.88

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

115 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas set to lead in Running market volume per capita by 2029 compared to
other selected regions
Market Insights: Regional comparison (4/5)

Average volume per capita forecast in pairs

0.05 0.05 0.05
0.050

0.045
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.040

0.035
0.03 0.03 0.03 0.03 0.03
0.030

0.025
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.020

0.015
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
0.010

0.005
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.000
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Australia & Oceania Europe Americas

116

Sources: Statista Market Insights 2024

 Australia & Oceania set to lead in the Running market for price per unit by 2029
compared to other regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

150
138.96 140.03 141.14
136.36 137.13 137.93
140 133.09 134.46
132.04 131.67 129.98 130.53
130 123.87 124.29 124.83 126.02
122.39 123.22 123.54
119.68
120 115.30 115.30 115.09 114.99 125.48
121.08 122.62
118.48 119.75
110 116.91 117.54 117.30
109.02
110.56 111.25 112.24 99.70 100.51
100
103.29 101.21
98.41 98.25 96.97 97.26 97.61 98.21 98.90
90 96.13
88.56
80 85.90
71.48 83.02
67.32 68.44 79.83
70 66.17 75.77 77.69
72.76 73.67
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Americas Europe Australia & Oceania

117

Sources: Statista Market Insights 2024

 The United States is projected to lead in Running market revenue compared to
other regions by 2029
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+2.0%(1)

+1.6%(1) 4.61
4.09
3.90
3.55

+1.4%(1)
+1.1%(1)
0.77 0.0%(1)
0.71
0.29 0.31
0.09 0.09

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

118 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States set to lead in the Running market by 2029 with the highest
average revenue per user compared to other regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+1.5%(1)

13.17 +1.1%(1)
12.03
11.13
10.44

+0.9%(1)
+1.7%(1)
3.52 3.72 +0.5%(1)
2.47 2.74
1.34 1.38

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

119 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 China is projected to lead in the Running market volume by 2029 compared to
other regions
Market Insights: Country-level comparison (3/5)

Volume forecast in million pairs

+1.7%(1) +0.9%(1)

35.74 34.73
32.26 32.99

+1.3%(1)
+0.1%(1)
6.10 +0.7%(1)
5.66
2.33 2.35
1.13 1.18

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

120 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States poised to lead in the Running market for average volume per
capita by 2029 compared to other regions
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

0.12 0.12 0.12

0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
0.10 0.11 0.11
0.10 0.10
0.08 0.09 0.09 0.09 0.09 0.09 0.09
0.08 0.08
0.06

0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03

0.02
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China France Germany United Kingdom United States

121

Sources: Statista Market Insights 2024

 The United States is projected to lead in the Running market by price per unit by
2029 compared to other regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

127.37 128.07 128.95 130.03 132.86

140 126.82
126.00 131.30
123.56 127.41 128.92
118.36 125.33 125.94
130 117.51 117.91 125.01 125.71
117.36 116.69 120.95
117.48
120 116.91 120.50 124.53 125.22 125.33 125.58 125.93
124.01 123.20

110 116.72 115.57

115.67 113.34
116.39 113.59 109.92 109.01 108.67 108.55 108.61 108.82 109.09
116.58 114.66
100
115.86
116.41
90

80 76.58 77.12 75.60 75.61 76.90 76.05 75.92 75.99 76.21 76.57 77.04
73.87

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
France China United States United Kingdom Germany

122

Sources: Statista Market Insights 2024

MARKETS

Boots
CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Explore the key trend influencing the global Boots market growth
Overview: Market Definition

Market definition

Definition:

The market for Boots covers a range of footwear designed for various uses,
including outdoor activities, and work environments. This segment includes ankle
boots, knee-high boots, hiking boots, and work boots, focusing on durability,
protection, and style.

Additional Information:

The market data includes revenue, volume, average price per unit, and sales
channels data. Both online and offline distribution channels are covered. Major
players include Timberland, Dr. Martens, Caterpillar, and Columbia.

125

Sources: Statista Market Insights 2024

 Boots market worldwide to achieve a revenue of $US 185.1 billion in 2024
Overview: Key Takeaways

Key Takeaways

• In 2023, the revenue of the Boots market worldwide amounted to US$181.9bn.

• Furthermore, the market is projected to grow annually by 1.54% (CAGR 2024-2029).

• China generated the highest revenue in this segment, with US$47bn in 2023.

• In 2023, the per person revenue generated in the Boots market worldwide is US$23.67.

• By 2029, the volume in this segment is expected to reach 5.4bn pairs.

• Additionally, the Boots market is expected to show a volume growth of 0.8% in 2025.

• Finally, the average volume per person in this segment is expected to be 0.69pairs in 2024.

• As global consumers prioritize sustainability, textile and footwear brands in countries like Italy and Japan are leading the way with eco-friendly materials and production
methods.

126

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Fashion boots (e.g., ankle boots, knee-high boots) • Athletic shoes

• Hiking boots • Casual sneakers

• Work boots • Sandals

• Winter boots

127

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Boots market revenue projected to decline by the year 2029
Market size: Worldwide (1/5)

Revenue forecast in billion US$

-0.5%(1)
210.26 205.88
196.24 199.84
187.72 190.43 193.22
181.22 181.88 185.06
171.78 168.16

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

129 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Boots market faces a decline with a decrease in average revenue per user by
2029
Market size: Worldwide (2/5)

Average revenue per capita forecast in US$

28.56 -1.3%(1)
27.69

24.18 24.34 24.53 24.80

23.77 23.67 23.88 24.03
22.89 22.23

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

130 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Forecast shows a decline in Boots market volume by 2029
Market size: Worldwide (3/5)

Volume forecast in billion pairs

6.14 -1.1%(1)
5.99

5.31 5.35 5.38 5.40 5.41 5.42

5.18 5.24
4.86 4.82

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

131 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Boots market sees a decrease in average volume per capita, projecting a
downtrend by 2029
Market size: Worldwide (4/5)

Average volume per capita forecast in pairs

0.9 0.83 0.81

0.8
0.68 0.68 0.69 0.68 0.68 0.68 0.68 0.67
0.7 0.65 0.64

0.6

0.5

0.4

0.3

0.2

0.1

0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

132

Sources: Statista Market Insights 2024

 Boots price per unit expected to increase by 2029, highlighting growth potential
in the market
Market size: Worldwide (5/5)

Price per unit forecast in US$

40
36.27 36.85
35.33 34.97 35.09 35.42 35.81
34.23 34.39 34.89 34.69 34.85
35

30

25

20

15

10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

133

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison
 Asia is projected to lead in the Boots market revenue by 2029, outpacing other
selected regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+1.4%(1)

90.64
83.24

+2.0%(1)
+1.1%(1)
53.81
47.69
40.28 42.91

+3.2%(1)
+0.9%(1)
8.01 9.67
2.66 2.80

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

135 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Australia & Oceania is projected to lead in average revenue per user in the
Boots market by 2029, outperforming other selected regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

-0.2%(1)

+1.1%(1) +1.4%(1) 61.93 61.10

50.95 51.34
47.73 47.21

+0.8%(1)

+1.0%(1) 18.43 19.39

6.30 6.67

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

136 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia is projected to lead in the Boots market by volume, surpassing other
regions by 2029
Market Insights: Regional comparison (3/5)

Volume forecast in billion pairs

+0.6%(1)

2.91
2.80

+0.7%(1)
+0.4%(1)
1.10 1.15
0.92 0.94 0.0%(1)
0.0%(1)
0.38 0.38
0.05 0.05

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

137 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Europe is projected to lead in average volume per capita in the Boots market by
2029 compared to other selected regions
Market Insights: Regional comparison (4/5)

Average volume per capita forecast in pairs

1.57 1.58
1.6
1.49 1.35
1.4 1.46
1.23 1.13
1.17 1.09
1.36 1.14 1.12 1.10 1.11 1.10
1.2
1.28 1.29 1.10 1.10 1.10 1.10 1.11 1.11

1.0 1.10 1.09 1.09 1.09 1.08 1.07 1.06 1.05

1.02 1.03
0.8

0.6 0.69 0.67

0.60 0.62 0.63 0.63 0.63 0.63 0.63 0.62
0.4 0.55
0.50

0.2 0.35 0.33 0.32

0.28 0.30 0.30 0.29 0.28 0.28 0.27 0.26 0.26
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Americas Europe Australia & Oceania

138

Sources: Statista Market Insights 2024

 Australia & Oceania is projected to lead in price per unit in the Boots market by
2029 compared to other regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

56.88 57.27 57.66 58.07

60 55.39 56.25 56.58
53.76 53.62 53.29 53.01 54.38

50 45.50 46.70
43.82 44.29 44.54 44.81 45.13
43.36
39.94 40.33 41.18 41.24
40 44.76 45.45 45.90
43.20 43.30 43.77 44.25
42.77
39.69 39.82 40.31 39.75
29.95 30.18 30.46 30.79 31.12
30
32.54 31.58
30.93 30.93 30.53 29.76 29.83
20 24.98 25.77
23.22 24.14
21.35 22.02 22.59
19.37 19.44 19.58 19.41 20.51
10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Americas Europe Australia & Oceania

139

Sources: Statista Market Insights 2024

 China is projected to lead in the Boots market revenue by 2029, outpacing other
key regions
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+0.5%(1)

47.39 48.69
+2.2%(1)

34.71
30.55

+1.9%(1)
+0.7%(1) +1.5%(1)
7.62 8.55
4.35 4.54 2.98 3.26

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

140 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United Kingdom is projected to lead in the Boots market by achieving the
highest average revenue per user by 2029 compared to other regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+1.6%(1)

+1.6%(1) 123.89
112.43
99.03
89.85
+0.8%(1)
+1.3%(1)
+0.5%(1) 52.26 54.75
46.07 49.84

33.07 34.15

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

141 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 China is projected to lead the Boots market in volume by 2029, outpacing other
key regions
Market Insights: Country-level comparison (3/5)

Volume forecast in billion pairs

+0.5%(1)

1.25 1.29

+1.0%(1)

0.64 0.68

+1.3%(1)
0.0%(1) 0.0%(1)
0.12 0.13
0.08 0.08 0.06 0.06

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

142 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States set to lead in Boots market by average volume per capita by 2029
compared to other regions
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

2.5
2.28 2.23

1.92 1.89 1.89 1.90 1.91 1.92 1.93 1.94 1.94

2.0 2.20 1.86
2.08 1.85
1.88 1.90 1.92
1.84 1.82 1.85
1.27 1.77 1.76 1.78
1.5 1.30 1.30
1.09 1.09 1.03 0.91 0.91
1.12 1.12 0.91 0.91 0.91 0.90
1.09 0.91
1.27 1.01 1.01 1.01 1.01 1.02 1.02 1.02
1.0
1.05 0.99
0.89 0.87 0.87 0.89 0.89 0.90 0.90 0.90 0.91
0.76
0.5

0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China France Germany United Kingdom United States

143

Sources: Statista Market Insights 2024

 United Kingdom projected to lead in Boots market pricing per unit by 2029
compared to other regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

64.02 64.38 64.18 64.13 64.18 64.31 64.49

65
61.71
59.77 59.70 59.23
60 58.72

55.07
54.36
55 47.91 53.62
49.57 52.20 52.88
48.10 48.78 51.64 51.97
48.15 53.81
47.82 47.06 52.85 53.29
47.57
50 47.77 46.54 51.46 52.17 52.49
50.44 50.96
48.86 49.45
47.76 48.30
45 47.39 47.56 47.25
43.56 45.22
44.43 44.64
39.04
40 37.90 37.61 37.51 37.51 37.59 37.70
40.77 37.48
40.14 40.49 39.82
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China United States France Germany United Kingdom

144

Sources: Statista Market Insights 2024

MARKETS

Business & Formal

CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Exploring key trends in the Business & formal footwear market
Overview: Market Definition

Market definition

Definition:

The Business & Formal footwear market includes shoes designed for professional
and formal occasions. This segment comprises dress shoes, oxfords, loafers, and
other styles that prioritize elegance, comfort, and formal aesthetics.

Additional Information:

The market consists of revenue and average revenue per capita, volume and
average volume per capita, price per unit (per pair), and sales channels data.
Both online and offline distribution channels are considered. Key players include
Clarks, Johnston & Murphy, Allen Edmonds, and Cole Haan.

147

Sources: Statista Market Insights 2024

 Revenue in the Business & formal market to reach $US 75.0bn in 2024 with an
annual growth of 1.6%
Overview: Key Takeaways

Key Takeaways

• Revenue in the Business & Formal market amounts to US$73.7bn in 2023. The market is expected to grow annually by 1.56% (CAGR 2024-2029).

• In global comparison, most revenue is generated in China (US$17,880m in 2024).

• In relation to total population figures, per person revenues of US$9.59 are generated in 2023.

• In the Business & Formal market, volume is expected to amount to 3.2bn pairs by 2029.

• The Business & Formal market is expected to show a volume growth of 0.8% in 2025.

• The average volume per person in the Business & Formal market is expected to amount to 0.40pairs in 2024.

148

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Dress shoes • Casual shoes

• Oxfords • Athletic shoes

• Loafers • Sandals

• Formal pumps

149

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Forecast shows a decline in Business & formal segment revenue by 2029
Market size: Worldwide (1/5)

Revenue forecast in billion US$

-0.4%(1)
84.23 82.32
79.58 81.04
77.21 78.36
75.00 76.09
73.67 73.66
68.76 67.57

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

151 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Business & formal market faces a decrease in average revenue per user by 2029
Market size: Worldwide (2/5)

Average revenue per capita forecast in US$

11.44 -1.2%(1)
11.07

9.80 9.87 9.95 10.06

9.66 9.59 9.68 9.74
9.16 8.93

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

152 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Business & formal market volume is forecasted to decrease by the year 2029
Market size: Worldwide (3/5)

Volume forecast in billion pairs

3.59 -1.1%(1)
3.49

3.11 3.14 3.15 3.17 3.17 3.18

3.05 3.07
2.83 2.77

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

153 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Forecasted decline in average volume per capita in the Business & formal
market by 2029
Market size: Worldwide (4/5)

Average volume per capita forecast in pairs

0.49
0.50 0.47

0.45
0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.39
0.40 0.38 0.37

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

154

Sources: Statista Market Insights 2024

 Business & formal segment sees a price per unit increase, forecasting growth by
2029
Market size: Worldwide (5/5)

Price per unit forecast in US$

30

25.07 25.48
24.33 24.39 24.16 24.08 24.24 24.48 24.75
25 23.46 23.60 23.97

20

15

10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

155

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison
 Asia is projected to lead in revenue within the Business & formal market by
2029, surpassing other selected regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+1.6%(1)

38.06
34.67
+2.0%(1)

24.17
+0.9%(1) 21.52

13.70 14.49
+2.5%(1)
+1.4%(1)
2.86 3.32
0.91 0.99

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

157 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas is projected to lead in average revenue per user in the Business &
formal market by 2029 compared to other selected regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+1.3%(1)
+0.2%(1)
23.06
+1.0%(1) 21.30 21.24 21.55

17.21
16.23

+1.0%(1)

7.68 8.14
+0.3%(1)

2.25 2.29

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

158 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia set to lead in Business & formal market volume by 2029 compared to other
regions
Market Insights: Regional comparison (3/5)

Volume forecast in billion pairs

+0.8%(1)

1.87
1.78

+0.5%(1)
+0.4%(1)
0.64 0.66
0.44 0.45 0.0%(1)
0.0%(1)
0.18 0.18
0.02 0.02

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

159 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas is projected to lead in the Business & formal market by achieving the
highest average volume per capita by 2029 compared to other regions
Market Insights: Regional comparison (4/5)

Average volume per capita forecast in pairs

0.9
0.81 0.79
0.8
0.59
0.7 0.66 0.64
0.78 0.63 0.56 0.63 0.63 0.63 0.63 0.63 0.63 0.63
0.6 0.73 0.73 0.74 0.55 0.55 0.54
0.55 0.54 0.54
0.65 0.60 0.59
0.5 0.56 0.56
0.53 0.52 0.52 0.53 0.53 0.53 0.53
0.4
0.44 0.43
0.38 0.39 0.40 0.40 0.40 0.40 0.40 0.40
0.3
0.34 0.32
0.2

0.1 0.18 0.17 0.16

0.14 0.15 0.14 0.14 0.13 0.13 0.13 0.12 0.12
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Europe Australia & Oceania Americas

160

Sources: Statista Market Insights 2024

 Australia & Oceania is set to lead in the Business & formal market for price per
unit by 2029 compared to other regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

45
38.99 39.21 39.48 39.75 40.03
38.16 38.77
40 37.02 36.91 36.74 36.52 37.46

35 35.54 36.43
31.13 31.15 34.25 34.64 35.04
30.79 33.30 33.69 33.89
32.02
30
31.33 31.54 31.78 32.04 32.33
30.64 30.84 31.13
25 27.83 28.09 28.21
27.15 19.91 20.13 20.36
19.76 19.45 19.50 19.57 19.72
20
21.25 20.70
19.99 19.92 18.96
15 17.75 18.37
16.12 16.58 17.08
15.08 15.58
10 14.23 14.31 14.34 14.20

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Europe Americas Australia & Oceania

161

Sources: Statista Market Insights 2024

 China is projected to lead in the Business & formal market revenue by 2029,
outperforming other selected regions
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+0.5%(1)

17.88 18.38
+2.2%(1)

14.00
12.27

+2.2%(1)
+0.8%(1) +1.5%(1)

1.97 2.24
1.47 1.54 1.38 1.51

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

162 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 The United States is projected to lead in the Business & formal market average
revenue per user by 2029 compared to other selected regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+1.7%(1)

39.94 +1.9%(1)
36.09
32.45
29.02 +1.3%(1)
+0.8%(1)
23.11
21.37
+0.6%(1) 18.52
17.68

12.47 12.90

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

163 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 China is projected to lead in the Business & formal market volume by 2029
compared to other regions
Market Insights: Country-level comparison (3/5)

Volume forecast in billion pairs

+0.5%(1)

0.64 0.66

+1.0%(1)

0.33 0.35

0.0%(1) 0.0%(1) 0.0%(1)

0.06 0.06 0.04 0.04 0.03 0.03

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

164 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States poised to lead in the Business & formal market for average
volume per capita by 2029 compared to other regions
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

1.17
1.2 1.13

1.1
0.97 0.97 0.97 0.98 0.99 0.99 0.99
1.0 0.95 0.95 0.96
1.04
0.9 0.94
0.91 0.89 0.90 0.91
0.8 0.85 0.87
0.84 0.84 0.82 0.83
0.7 0.65 0.65
0.54 0.52 0.61
0.59
0.6 0.56 0.48 0.48
0.52 0.52 0.52 0.48 0.48
0.48 0.48 0.48 0.51 0.51 0.51 0.51
0.5 0.54
0.51 0.40 0.44
0.46 0.45
0.45 0.46 0.46 0.46 0.46 0.46
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China Germany France United Kingdom United States

165

Sources: Statista Market Insights 2024

 France is projected to lead in price per unit in the Business & formal market by
2029 compared to other regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

46 45.11
44.53
43.93
43.32
44 42.74
42.16
41.32
42
39.96 40.17
40 38.97 39.13 38.98
38.12 38.55 36.87 38.08 38.52
37.36 37.50 37.25 37.65
38 35.30
35.55 35.40
34.85 35.65 38.05 38.42
35.03 34.35 34.38 37.11 37.28 37.48 37.74
36

34 35.45 35.05 35.13 35.29 35.51

34.85 34.99 35.03
34.21 34.15 34.05
32 34.35
35.20
30
30.17 28.85 27.97 27.75 27.66 27.63 27.65 27.71 27.78
29.64 29.95
29.41
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China United Kingdom Germany United States France

166

Sources: Statista Market Insights 2024

MARKETS

Sandals
CHAPTER 01

Overview

• Market definition

• Key takeaways

• Market scopes
 Exploring key trends in the global Sandals market: shifts and emerging patterns
Overview: Market Definition

Market definition

Definition:

The Sandals market covers various types of open-toe footwear suitable for casual,
leisure, and sometimes formal occasions. This segment includes flip-flops, slide
sandals, gladiator sandals, and dress sandals, focusing on comfort and style.

Additional Information:

Market data encompasses revenue, volume, average price per unit, and sales
channels data. Online and offline distribution channels are both important.
Prominent brands include Birkenstock, Teva, Crocs, and Havaianas.

169

Sources: Statista Market Insights 2024

 Sandals market revenue hits US$ 95.0bn in 2023
Overview: Key Takeaways

Key Takeaways

• Revenue in the Sandals market amounts to US$93.2bn in 2023. The market is expected to grow annually by 1.49% (CAGR 2024-2029).

• In global comparison, most revenue is generated in China (US$21,160m in 2023).

• In relation to total population figures, per person revenues of US$12.13 are generated in 2023.

• In the Sandals market, volume is expected to amount to 4.2bn pairs by 2029. The Sandals market is expected to show a volume growth of 0.6% in 2025.

• The average volume per person in the Sandals market is expected to amount to 0.53 pairs in 2023.

170

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Casual sandals • Closed-toe shoes

• Flip-flops • Athletic shoes

• Slide sandals • Boots

• Dress sandals

171

Sources: Statista Market Insights 2024

CHAPTER 02

Market Size

• Worldwide revenue

• Worldwide average revenue per capita

• Worldwide market volume

• Worldwide volume per capita

• Worldwide average price per unit

 Exploring the decline in Sandals revenue: projected downward trend through
2029
Market size: Worldwide (1/5)

Revenue forecast in billion US$

-0.3%(1)
105.39 103.74
100.55 102.27
96.34 97.70 99.07
93.41 93.18 95.00
86.03 83.52

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

173 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Forecasted decline in average revenue per user for the Sandals market by 2029
Market size: Worldwide (2/5)

Average revenue per capita forecast in US$

14.32 -1.1%(1)
13.95

12.41 12.48 12.57 12.69

12.25 12.13 12.26 12.33
11.46
11.04

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

174 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Predicted drop in Sandals market volume by 2029
Market size: Worldwide (3/5)

Volume forecast in billion pairs

4.71 -1.0%(1)
4.61

4.14 4.17 4.18 4.19 4.20 4.21

4.07 4.09
3.71 3.61

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

175 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Forecast shows a decline in average volume per capita for the Sandals market
by 2029
Market size: Worldwide (4/5)

Average volume per capita forecast in pairs

0.7
0.64
0.62
0.6
0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.52
0.49 0.48
0.5

0.4

0.3

0.2

0.1

0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

176

Sources: Statista Market Insights 2024

 Sandals market sees a promising increase in price per unit, forecasting robust
growth by 2029
Market size: Worldwide (5/5)

Price per unit forecast in US$

23.92 24.30
25 23.21 23.16 23.12 23.36 23.62
22.50 22.97 22.79 22.94
22.40

20

15

10

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

177

Sources: Statista Market Insights 2024

CHAPTER 03

Market Insights

• Regional comparison

• Country-level comparison
 Asia is projected to lead the revenue in the Sandals market by 2029 compared
to other selected regions
Market Insights: Regional comparison (1/5)

Revenue forecast in billion US$

+1.6%(1)

49.40
44.87

+1.0%(1) +1.8%(1)

22.74 24.42
21.43 21.98

+2.9%(1)
+1.1%(1)
4.00 4.74
0.91 0.97

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

179 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Europe is projected to lead in average revenue per user in the Sandals market
by 2029 compared to other regions
Market Insights: Regional comparison (2/5)

Average revenue per capita forecast in US$

+1.0%(1)

+1.1%(1)
27.00
25.39 0.0%(1)
23.30
21.76 21.12 21.12

+1.0%(1)

9.93 10.57
+0.6%(1)

3.15 3.27

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

180 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Asia is projected to lead the Sandals market in volume by 2029, outperforming
other selected regions
Market Insights: Regional comparison (3/5)

Volume forecast in billion pairs

+0.7%(1)

2.52
2.42

+0.2%(1) +0.5%(1)

0.68 0.69 -0.6%(1) 0.69 0.71

0.0%(1)
0.27 0.26
0.03 0.03

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania

181 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Europe is set to lead in the Sandals market by 2029 with the highest average
volume per capita compared to other regions
Market Insights: Regional comparison (4/5)

Average volume per capita forecast in pairs

1.18 1.18
1.2

0.99
1.0 0.94
0.89
0.84 0.82
0.80 0.81 0.80 0.80 0.81 0.81 0.81
0.8
0.67 0.69 0.68 0.68 0.68
0.68 0.68 0.68 0.68
0.63
0.76 0.76
0.6 0.62 0.61 0.59 0.59 0.59 0.58
0.60 0.60
0.64
0.59 0.59
0.57 0.55 0.55
0.54 0.54 0.54 0.54 0.54
0.4 0.51
0.46
0.41
0.2
0.25 0.24 0.23
0.19 0.21 0.21 0.21 0.20 0.20 0.19 0.19 0.18
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Australia & Oceania Americas Europe

182

Sources: Statista Market Insights 2024

 Australia & Oceania set to lead in Sandals market pricing per unit by 2029,
outpacing other selected regions
Market Insights: Regional comparison (5/5)

Price per unit forecast in US$

40
35.80 36.06 36.33
35.17 35.36 35.55
34.12 34.73
33.98 33.94 33.64 33.32
35 34.42
32.70 33.07 33.56
31.87 32.01 32.34
30.37 31.55
29.18 29.55 29.58 32.82 33.10
30 32.10 32.32 32.56
31.43 31.85
31.08

28.33 28.73 28.33

28.01
25

20.04 19.51 19.36 19.59

18.89 18.82 18.67 18.53 18.65 18.76 18.93 19.13
20

13.64 13.58 17.40 17.94

15 13.44 13.48 14.80 16.83
14.30 15.74 16.21
15.30
0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Asia Europe Americas Australia & Oceania

183

Sources: Statista Market Insights 2024

 China is poised to lead in the Sandals market revenue by 2029, surpassing other
key regions
Market Insights: Country-level comparison (1/5)

Revenue forecast in billion US$

+0.8%(1)

22.18
21.16

+1.8%(1)

14.30
12.86

+2.6%(1) +1.5%(1)
+0.7%(1)

2.94 3.42 2.75 3.01

2.39 2.49

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

184 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United Kingdom set to lead in Sandals market with the highest average revenue
per user by 2029 compared to other regions
Market Insights: Country-level comparison (2/5)

Average revenue per capita forecast in US$

+2.3%(1)
+1.3%(1)
+1.3%(1) 49.61
45.95
43.36 42.49
40.80
37.83 +0.8%(1)

28.66 30.03
+0.9%(1)

14.76 15.56

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

185 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 China is projected to lead in Sandals market volume by 2029 compared to other
regions
Market Insights: Country-level comparison (3/5)

Volume forecast in billion pairs

+0.8%(1)

0.84
0.80

+0.5%(1)

0.36 0.37

+2.3%(1) 0.0%(1) 0.0%(1)

0.07 0.08 0.07 0.07 0.07 0.07

2023 2029 2023 2029 2023 2029 2023 2029 2023 2029

China United States United Kingdom Germany France

186 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United Kingdom poised to lead in Sandals market by average volume per capita
across selected regions by 2029
Market Insights: Country-level comparison (4/5)

Average volume per capita forecast in pairs

1.6 1.51 1.51

1.4 1.31 1.34

1.26 1.29
1.23 1.06 1.06 1.06 1.07
1.06 1.05
1.2 1.03 1.03 1.05 1.10 1.12 1.13
1.10 0.98 1.03 1.05 1.05 1.06

1.0 1.09 1.09

1.00 1.02 1.05 1.06 1.06 1.06
1.05 1.06
1.05
0.8 0.94 0.94
0.87
0.83 0.83 0.83 0.83 0.83 0.83 0.83
0.6
0.66
0.62 0.59 0.59 0.59
0.56 0.56 0.57 0.58 0.58
0.4 0.54
0.47
0.2

0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China Germany United Kingdom United States France

187

Sources: Statista Market Insights 2024

 United Kingdom set to lead in price per unit in the Sandals market by 2029
compared to other regions
Market Insights: Country-level comparison (5/5)

Price per unit forecast in US$

43.47 43.72 43.59 43.55 43.59 43.67 43.80

44
41.91
42 43.65
40.59 40.54 40.23 43.09
39.87 39.99 42.51
41.92
40 38.67 41.36 38.59
37.87 40.80
37.71 37.30 37.45
38 36.89 36.58 37.01
35.89 36.02 35.79 36.17
36
33.81 34.25
33.65 35.82 36.17
34 33.00 35.09 35.28 35.52
34.71 34.94
32 33.32
32.20 32.33 32.15 32.36
30 28.57
28.06 28.38
27.84
27.32
28 26.48 26.28 26.20 26.18 26.20 26.25 26.32

0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China Germany United States France United Kingdom

188

Sources: Statista Market Insights 2024

 Agenda

Market Outlook Business & Formal 145

Overview 4 Sandals 167
Market Size 9
Market Insights 18 Appendix
Market Drivers 31 Product Overview 190
Consumer Insights 37 Author 194
Trends 43
Key Players 47

Markets
Sneakers 53
Gym & Training 79
Running 101
Boots 123

189
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190
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193
 Author

Raphaela Freitas
Junior Analyst

[email protected]

Raphaela Freitas studied Psychology at the University of Groningen and Economic

and Consumer Psychology at the University of Leiden in The Netherlands (M.Sc.). In
the Consumer Market Insights, she is mainly responsible for the Apparel and
Footwear Market.

194
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