India Footwear Market Size, Share, Growth, Report, Forecast by 2032

India Footwear Market Overview

Base Year: 2024

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 10.5% (2024-2032)

Market Size in 2023: USD 17.0  Billion

Market Size in 2032: USD 42.8  Billion

The India footwear market is rapidly growing as a result of a confluence of shifting consumer preferences, rising health consciousness, and evolving fashion trends. According to the latest report by IMARC Group, the 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.

India Footwear Market Trends and Drivers:

India footwear market is growing rapidly, thanks to several key factors. One major reason is the increasing demand from consumers, driven by changing fashion trends and rising incomes. As people earn more, they tend to choose higher-quality, stylish shoes. With rapid urbanization and the rise of the middle class, there’s a growing preference for branded shoes that offer both style and functionality.

India offers a wide range of footwear, from formal and casual to active and social shoes. Casual shoes and sneakers, in particular, are becoming very popular, largely because more people are focusing on health and fitness. As more people take up running, gym workouts, and outdoor sports, there is a greater demand for comfortable, durable sports shoes. Health and wellness have become top priorities.

Government initiatives like the Make in India campaign are also fueling the growth of the footwear market by encouraging domestic production to meet the rising demand. The growth of e-commerce has made a vast selection of footwear easily accessible to consumers, whether they live in urban or rural areas. Online shopping has made it easier for people to find the right shoes, expanding the customer base for footwear brands.

Sustainability is another big trend in India’s footwear market. More people are now looking for eco-friendly shoes made from biodegradable or recycled materials, reflecting a growing awareness of the need to reduce the environmental impact of everyday products.

Technology is also having a big impact on the industry. Innovations like 3D printing and automation are making it possible to produce affordable, customized shoes that meet individual needs for fit, design, and function. Collaborations between global brands and local artisans are blending traditional craftsmanship with modern styles, making ethnic and handmade footwear more attractive to a broader audience.

Organized retail and exclusive brands are improving the shopping experience by offering personalized services. Smart footwear, which combines style with fitness tracking, is also gaining popularity, especially among tech-savvy and health-conscious buyers.

In conclusion, India’s footwear market is growing fast, driven by young, fashion-forward consumers. Government support, new technologies, and sustainability efforts are playing a big role in shaping the future of the market. There’s a rising demand for high-quality, branded footwear for fashion, sports, and everyday wear, making this an exciting time for the industry.

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India Footwear Market Industry Segmentation:

The report has segmented the market into the following categories:

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

• Mas
  

Breakup by End User:

• Men

• Women

• Kids

Breakup by Region:

• North India

• West and Central India

• South India

• East India 

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=2906&flag=C

Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can 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.

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