Footwear refers to the form of attire worn on the feet to protect from environmental effects to ease locomotion, and prevent injuries. At present, footwear is used as a fashion purpose and to enhance their overall appearance. Furthermore, vendors have focused on developing fashionable footwear with comfort, style, and enhanced performance to cater to consumer needs.
The Indian footwear market is driven by an increase in fashion consciousness among the young generation and growing consumers’ preference to match their daily outfits with their footwear. In addition, rise in health concerns motivate people to perform indoor & outdoor physical activities, which fuel the demand for athletic shoes. However, high cost associated with raw materials and increase in production of duplicate footwear products by local manufacturers hamper the market growth. The presence of counterfeit products in the industry hinders its growth. Conversely, increase in demand for fancy & comfortable footwear is expected to provide various opportunities for market growth.
- The report includes an extensive analysis of the factors that drive as well as restrain the Indian footwear market.
- The factors affecting the market growth and projections from 2014 to 2022 are included in the report.
- The report provides quantitative & qualitative trends to assist stakeholders to understand the situations prevailing in the market.
- An in-depth analysis of key segments demonstrates the different types of footwear used across regions.
- Competitive intelligence of the industry highlights the business practices followed by leading market players across various regions.
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Indian Footwear Market Key Segments:
Mode of Sale
- Retail Sales
- Online Sales
- North America
Market Players in the Value Chain
- Bata India Limited
- Liberty Shoes Limited
- Paragon Group
- Relaxo Footwears Limited
- Adidas AG
- Geox S.p.A.
- Skechers USA, Incorporation
- Nike Incorporation
- Under Armour Inc.
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