The global footwear market size was valued at USD 463.87 billion in 2024 and is expected to be worth USD 495.46 billion in 2025. The market is projected to reach USD 789.52 billion by 2032, recording a CAGR of 6.88% during the forecast period.

The global footwear market encompasses various products such as boots, sandals, shoes, and slippers. These products come in several designs and colors and are made from different materials, making them more appealing to consumers. The increasing disposable incomes, growing interest in high-quality premium footgear, rising urbanization, and evolving consumer lifestyles are some of the major factors driving the growth of the global market.

The COVID-19 pandemic negatively affected the global market due to social distancing measures, which resulted in decreased demand for these products. Additionally, the cancellation of sports tournaments and the shutdown of offices further constrained market growth.

Fortune Business Insights™ displays this information in a report titled, “Footwear Market, 2025-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike, Inc. (U.S.)
• Adidas AG (Germany)
• Skechers (U.S.)
• Puma SE (Germany)
• Under Armour (U.S.)
• Crocs, Inc. (U.S.)
• Geox (Italy)
• ECCO Sko A/S (Denmark)
• New Balance (U.S.)
• Relaxo Footwears Limited (India)

Segmentation:

Casual Segment Captured Dominant Share Driven by Their Ease and Suitability Factors

In terms of type, the market is segmented into casual, athletic/sports, formal, and others. The casual segment captured the dominant global footwear market share in 2024, driven by its comfort and suitability factors. Casual footgear is available in various designs and aligns with the latest fashion trends.