USD 99.30 billion
Report ID:
SQMIG30L2150 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
61
|Figures:
75
E-Commerce Footwear Market size was valued at USD 106.05 Billion in 2023 and is poised to grow from USD 113.26 Billion in 2024 to USD 191.72 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The e-commerce footwear market is experiencing significant growth attributed to various factors such as increasing demand for comfortable and convenient footwear, rising awareness and enthusiasm about the health benefits of fitness & sports activities, and growing investments by market players in the latest technologies. The popularity of digital payment systems is also driving the expansion of the e-commerce footwear market, aided by a wide range of merchandise offerings, 24/7 customer support with technical assistance, multiple payment methods such as credit card, online banking, cash on delivery (COD), as well as other payment service providers such as PayPal. The growing demand for superior quality products and product innovations are some major determinants driving the demand for footwear globally. The latest changes in customer shopping trends and increasing inclination toward buying designer and high-end shoes are projected to trigger the growth. However, a notable disadvantage of e-commerce is uncertainty about product quality, which can entirely ruin the shopping experience. Major operating players such as Amazon.com, Google, Mastercard, and PayPal are investing heavily in technology to provide simple and secure payment options, while major footwear brands are presenting themselves on social media platforms to gain customer loyalty and offer more personalized products. For instance, Nike uses eco-friendly raw materials, including recycled car tires, recycled carpet padding, cotton, and plant-dyed leather to produce its footwear.
US E-Commerce Footwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 99.30 billion
Largest Segment
Casual Shoes
Fastest Growth
Athletic Shoes
Growth Rate
6.8% CAGR
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Global E-Commerce Footwear market is segmented by type, end-user, and region. Based on type, the market can be segmented into casual shoes and athletic shoes. Based on end-user, the market is segmented into women, and men. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
E-Commerce Footwear Market Analysis by Type
By type, the market can be segmented into casual shoes and athletic shoes. Casual shoes is dominating segment of the e-commerce footwear market. This is due to the high demand for comfortable and convenient footwear, especially among the younger generation who are more inclined towards fashion and trends. Additionally, the rising popularity of online shopping and the convenience of buying casual shoes online has contributed to the growth of this segment.
Athletic shoes is a fastest-growing segment of the e-commerce footwear market. This is due to the increasing awareness and enthusiasm about the health benefits of fitness and sports activities among people, which has resulted in a higher demand for athletic shoes. Additionally, the availability of a wide range of athletic shoe styles, designs, and technologies on e-commerce platforms has further fueled the growth of this segment.
E-Commerce Footwear Market Analysis by End-User
By end-user, the market can be segmented into women and men. Women is a dominating segment of the e-commerce footwear market. This is due to the higher demand for fashion-forward and comfortable footwear among women. Additionally, the increasing popularity of online shopping and the availability of a wide range of footwear options on e-commerce platforms has contributed to the growth of this segment.
Men is a fastest-growing segment of the e-commerce footwear market. This is due to the increasing demand for comfortable, trendy and high-quality footwear among men. Additionally, the availability of a variety of footwear options designed specifically for men, such as sports shoes, formal shoes, and casual shoes, on e-commerce platforms has fueled the growth of this segment.
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North America dominated the e-commerce footwear market due to the high adoption of online shopping and the presence of major market players in the region. The United States is a major contributor to the growth of this market in North America. The demand for comfortable and trendy footwear among the population, coupled with the increasing influence of social media on fashion trends, has fueled the growth of the e-commerce footwear market in this region. Furthermore, the rising disposable income of consumers and the growing popularity of digital payment methods have also contributed to the growth of the e-commerce footwear market in North America.
The fastest-growing region in the e-commerce footwear market is APAC. The region is experiencing significant growth due to the rising population, increasing adoption of smartphones and internet, and the increasing disposable income of the population. The increasing penetration of e-commerce platforms and the availability of a wide range of footwear products at competitive prices have contributed to the growth of the e-commerce footwear market in the region. Countries such as China, India, Japan, and South Korea are major contributors to the growth of the e-commerce footwear market in APAC.
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E-Commerce Footwear Market Drivers
Increasing demand for comfortable, trendy, and innovative footwear products
E-Commerce Footwear Market Restraints
Uncertainty about product quality
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Global e-commerce footwear market is highly competitive, with several small and large players operating in the market. These players are competing on various factors such as product innovation, quality, price, and customer service to gain a competitive edge. Additionally, companies are investing heavily in digital technologies to provide customers with a seamless and secure online shopping experience. Moreover, partnerships, collaborations, and mergers and acquisitions are becoming common strategies among players to expand their market presence and gain a competitive advantage. Finally, the rising focus on sustainability and eco-friendliness is also influencing the competitive landscape of the e-commerce footwear market.
E-Commerce Footwear Market Top Player’s Company Profiles
E-Commerce Footwear Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global e-commerce footwear market analysis, the market is experiencing significant growth due to the increasing popularity of online shopping, rising disposable income, and growing fashion consciousness among consumers. The market is driven by factors such as the convenience of online shopping, availability of a wide range of products, and the ease of comparing prices and products. However, the market is also facing challenges such as the high cost of shipping, difficulties in ensuring product quality and fit, and the increasing threat of counterfeit products. Despite these challenges, the market is expected to continue to grow as more consumers shift towards online shopping and the adoption of advanced technologies like AI and machine learning in the industry increases.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 99.30 billion |
Market size value in 2031 | USD 179.51 billion |
Growth Rate | 6.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the E-Commerce Footwear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-Commerce Footwear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-Commerce Footwear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-Commerce Footwear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2150
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