Table of contents
No headings in the article.
Footwear Market in India 2024:
How Big is the India Footwear Industry?
According to the latest report by IMARC Group, the India footwear market size reached USD 17.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032. The market is rapidly growing, driven by rising demand for fashionable, affordable, and comfortable shoes.
| Report Attribute | Key Statistics |
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Size in 2023 | US$ 17.0 Billion |
| Market Forecast in 2032 | US$ 42.8 Billion |
| Market Growth Rate 2024-2032 | 10.5% |
India Footwear Market Trends and Drivers:
The growing consumer incomes as well as the rising focus on fashion and lifestyle are the factors responsible for the growth of the India footwear market. Additionally, as disposable incomes rise, more consumers are willing to spend on branded and high-quality footwear, moving beyond basic utility to seek products that reflect their style. This trend is evident among the younger population, who are increasingly influenced by global fashion trends and social media.
The expansion of organized retail, including malls and branded stores, along with the growth of e-commerce platforms, has made a wide variety of footwear accessible across the country, further boosting demand. Moreover, the penetration of international brands into the Indian market is raising the standard and variety of available footwear, catering to a broad range of tastes and preferences.
Another key trend in the India footwear market is the growing demand for athleisure and sports footwear. In addition to this, more consumers are investing in comfortable, functional footwear suitable for sports, exercise, and everyday wear with an increasing awareness of health and fitness. This shift towards athleisure has led to the rise of specialized footwear designed for different activities, such as running, training, and walking, driving the market for performance-based footwear.
Furthermore, there is a rising focus on sustainable and eco-friendly footwear, with both global and local brands introducing products made from recycled and organic materials to appeal to environmentally conscious consumers. The innovations in footwear technology and design are expected to continue driving the growth and diversification of the India footwear market in the coming years.
Request to Get the Sample Report: imarcgroup.com/india-footwear-market/reques..
India Footwear Industry Segmentation:
The India footwear market is segmented on the basis of product, material, distribution channel, pricing, end user and region.
Breakup by Product:
Non-Athletic Footwear
Athletic Footwear
Breakup by Material:
Rubber
Leather
Plastic
Fabric
Others
Breakup by Distribution Channel:
Footwear Specialists
Online Sales
Supermarkets and Hypermarkets
Departmental Stores
Clothing Stores
Others
Breakup by Pricing:
Premium
Mass
Breakup by End User:
Men
Women
Kids
Breakup by Region:
North India
West and Central India
South India
East India
Top Players Analysis:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: imarcgroup.com/request?type=report&id=2..
Other Key Points Covered in the Report:
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145