The India Footwear Market size was valued at USD 15.92 Billion in 2023, and the total India Footwear revenue is expected to grow at a CAGR of 12.39% from 2024 to 2030, reaching nearly USD 36.05 Billion by 2030.
India Footwear Market Overview:
The India footwear market has witnessed significant growth in recent years, fueled by rising disposable incomes, changing lifestyles, and increasing fashion consciousness among consumers. With a population of over 1.4 billion, India represents a huge market for footwear, spanning diverse segments from casual wear to premium and sports footwear. The growing middle class and their increasing purchasing power have led to a surge in demand for both domestic and international footwear brands. Additionally, the rapid urbanization and expansion of online retail have further amplified market growth by making footwear more accessible to a wider consumer base across the country.
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India Footwear Market Trends:
One of the prominent trends in the Indian footwear market is the increasing preference for online shopping. E-commerce platforms have gained immense popularity, allowing consumers to conveniently browse and purchase footwear from the comfort of their homes. This trend has been accelerated by the growth of internet penetration and smartphone usage, particularly among the younger population. Major online retailers and dedicated footwear e-commerce sites have also introduced virtual try-on features and enhanced customer service, creating a seamless shopping experience that has contributed to the overall expansion of the market.
What are India Footwear Market Dynamics?
The dynamics of the India footwear market are influenced by a combination of factors, including economic growth, changing consumer preferences, and advancements in retail technology. As India continues to experience robust economic development, the purchasing power of its consumers has increased, enabling more people to spend on high-quality, branded footwear. Furthermore, the rise in health-consciousness and fitness activities has boosted the demand for athletic and sports footwear. The growing trend of casual and comfortable footwear, particularly among the younger generation, has further propelled the market. These shifting trends in consumer behavior are reshaping the landscape of the footwear industry in India.
India Footwear Market Opportunities:
The India footwear market offers several growth opportunities, particularly in the untapped rural regions where footwear penetration remains relatively low. With the increasing focus on expanding retail networks and improving distribution channels, companies can capitalize on the opportunity to reach rural consumers and introduce affordable and durable footwear. Additionally, the rise in urbanization and the expanding middle-class population in smaller cities and towns present new markets for footwear brands to explore. As more people in these regions gain access to a wide range of footwear options, the demand for both value-oriented and premium footwear is expected to rise.
What is India Footwear Market Regional Insight?
In India, the footwear market is heavily influenced by regional differences in consumer preferences and buying behavior. In metropolitan cities like Delhi, Mumbai, and Bengaluru, there is a growing inclination toward branded and high-end footwear, driven by the urban population’s increasing disposable income and exposure to international fashion trends. The demand for premium, sports, and casual footwear is particularly strong in these regions. Additionally, the rise of e-commerce has made it easier for consumers in urban areas to access a wide variety of footwear brands, contributing to market growth.
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What is India Footwear Market Segmentation?
by Product
Casual
Mass
Active/Sport
Leather
Non-Leather
by Type
Shoe
Sandals
Slip-On
Boots
Heels
Flats
Others
by Mode Of Sale
Offline
Online
by End-User
Women
Men
Kids
Some of the current players in the India Footwear Market are:
1. Metro
2. Adidas India
3. Bata
4. Clarks Footwear
5. Crocs India
6. Inc5 Shoes
7. Khadims India
8. Lakhani Footwear
9. Liberty Shoes
10. M & B Footwear
11. Metro Brands
12. Mirza Int.
13. Mochiko Shoes
14. Nike India
15. Puma Sports India
16. Reebok India
17. Relaxo Footwears
18. Skechers
19. Paragon
20. Campus
21. Other
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Key Offerings:
Past Market Size and Competitive Landscape
India Footwear Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
India Footwear Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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