Global E-Commerce Footwear Market

E-Commerce Footwear Market Size, Share, Growth Analysis, By Type(Casual Shoes, and Athletic Shoes), By End-User(Women, and Men), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30L2150 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

E-Commerce Footwear Market News

  • In February 2024, Veldskoen Shoes, the renowned South African footwear brand, announced a significant expansion in the United States, marking a strategic move to enhance its presence in the North American market. 
  • In November 2023, immersive technology and extended reality specialist ARCADE partnered with Hearst to launch a new creative e-commerce experience for ELLE readers. Scanning a QR code on physical copies of the magazine or tapping a link on social allowed users to view a series of Clarks shoes in their own space, whilst simultaneously seeing how they look on the catwalk. 
  • In October 2023, Inc.5Shoes, a legacy footwear brand with 25 years of market presence, raised $10 million in its Series A round led by Carpediem Capital. The round also saw participation from public market investor Param Capital and P3 Venture Fund (Sureka Family Office).
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E-Commerce Footwear Market size was valued at USD 99.30 billion in 2022 and is poised to grow from USD 106.05 billion in 2023 to USD 179.51 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

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. 'Amazon.com Inc. (US)', 'Nike Inc. (US)', 'Adidas AG (Germany)', 'PUMA SE (Germany)', 'Under Armour Inc. (US)', 'Skechers USA Inc. (US)', 'ASICS Corporation (Japan)', 'New Balance Athletics Inc. (US)', 'Wolverine World Wide Inc. (US)', 'Bata Corporation (Switzerland)', 'Caleres Inc. (US)', 'Foot Locker Inc. (US)', 'JD Sports Fashion Plc (UK)', 'K-Swiss Inc. (US)', 'Kering SA (France)', 'VF Corporation (US)', 'Zappos.com Inc. (US)', 'Deckers Outdoor Corporation (US)', 'Geox SpA (Italy)', 'Genesco Inc. (US)'

One of the key drivers for the growth of the e-commerce footwear market is the increasing demand for comfortable, trendy, and innovative footwear products. Additionally, the rising disposable income of consumers and the growing popularity of digital payment methods have contributed to the growth of the market. Moreover, the penetration of e-commerce platforms in emerging economies and the availability of a wide range of footwear products at competitive prices have also fueled the growth of the e-commerce footwear market. Furthermore, the influence of social media on fashion trends and the rising awareness about the health benefits of sports and fitness activities are driving the market growth.

One of the key market trends in the e-commerce footwear market is the growing popularity of sustainable and ethically produced footwear. Consumers are increasingly becoming aware of the environmental impact of fast fashion and are seeking sustainable and eco-friendly alternatives. This has led to the rise of eco-conscious footwear brands that use recycled materials and adopt environmentally responsible production processes. Another trend is the increasing adoption of artificial intelligence and machine learning technologies in the e-commerce footwear industry to improve product recommendations, enhance customer experience, and optimize supply chain management.

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.

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Global E-Commerce Footwear Market

Report ID: SQMIG30L2150

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