Women Non Athletic Footwear Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 132.83 Billion |
| Market Size (2029) | USD 159.15 Billion |
| CAGR (2024 - 2029) | 3.68 % |
| Fastest Growing Market | South America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Women Non Athletic Footwear Market Analysis
The Global Women's Non-athletic Footwear Market size is estimated at USD 132.83 billion in 2024, and is expected to reach USD 159.15 billion by 2029, growing at a CAGR of 3.68% during the forecast period (2024-2029).
- The COVID-19 pandemic has adversely affected several industries, including the women's non-athletic footwear market, across the world. Given the combined effect of outlet closures and frugality resulting from the rapidly deteriorating economic situation, the discretionary character of footwear made it one of the most seriously hit businesses by the pandemic. However, with the presence of online shopping and doorstep delivery, the non-athletic footwear category witnessed a pace in demand over the mid-months of 2020.
- In the past few years, the women's non-athletic footwear industry witnessed robust growth, which is expected to continue in the future. Consumers, primarily women, are more concerned about their dressing and footwear. They are mainly influenced by commercial advertisements, movies, entertainment channels, and others.
- Additionally, women's footwear brands use famous or well-known personalities. In other words, celebrity endorsements promote footwear brands, which is influencing consumer behavior. These factors are expected to drive the global demand for the women's footwear market in the future.
Women Non Athletic Footwear Market Trends
This section covers the major market trends shaping the Women's Non-athletic Footwear Market according to our research experts:
Emergence of E-Commerce
With the increasing digital adoption, e-commerce is becoming popular. Therefore, this is reinventing the purchase habits of customers, shaping new user interactions, disrupting business models, and creating new growth opportunities for both single and multi-brand stores of women's non-athletic footwear across the world. E-commerce provides easy access to product-related information and prices to customers. Additionally, retailers are increasingly using technologies, like Augmented Reality (AR), to help online customers improve their e-commerce experience. For instance, in 2020, Gucci adopted AR virtual platforms in collaboration with Snapchat, which allows consumers to use Snapchat filters to virtually try on Gucci shoes. Furthermore, as lockdowns became the new normal in view of the pandemic outbreak, businesses and consumers went increasingly digital, providing more goods and services online. It raised e-commerce's share of global retail trade from 14% in 2019 to about 17% in 2020, as per the United Nations' 2021 Study on Trade and Development.
Asia Pacific holds the Largest Market Share
In the Asia Pacific market, the consumption of mass non-athletic footwear is higher compared to premium footwear. However, the scenario is changing faster with the rising number of more affluent middle-class consumers. The growing preference for attractive luxury footwear as a symbol of status and the inclination of consumers toward flaunting various international brands, such as Louis Vuitton, Gucci, Chanel, Burberry, and Prada, aids Asia Pacific in gaining a higher market share. Domestic footwear brands dominate the women's footwear market in China. The mainland market is being targeted by different types of brands. There are imported brands, mostly from the United States and Europe, with Italy and Spain being particularly well represented. Additionally, many foreign brands are entering the Japanese footwear market by collaborating with designers from Japan and launching labels or brands specific to the country's tradition. Moreover, the Indian women's footwear market is comprised of the organized and unorganized segments. The unorganized segment is gaining prominence in the Indian context due to its price-competitive products, which appeal to the price-conscious Indian consumer. Furthermore, omnichannel presence is the new trend and businesses are racing to capitalize on it.
Women Non Athletic Footwear Industry Overview
The global women's non-athletic footwear market is highly fragmented, with the presence of both regional and global players. Companies are competing on different factors, including product offerings, quality, design, and marketing activities, to gain a competitive advantage in the market. Additionally, the key players are focusing on e-commerce platforms and online distribution channels for the online marketing and branding of their products to attract more customers. Major players focus on leveraging the opportunities posed by innovation in the market to expand their product portfolios so that they can cater to the requirements in various product segments, especially within the category of eco-friendly footwear. Some major players in the market studied include Prada SpA, Bata, Kering, The ALDO Group Inc., Ecco Sko AS, LVMH, and Capri Holdings, among others.
Women Non Athletic Footwear Market Leaders
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Prada SpA
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Bata Corporation
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Kering
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The ALDO Group Inc.
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LVMH
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Ecco Sko AS
*Disclaimer: Major Players sorted in no particular order
Women Non Athletic Footwear Market News
- In June 2021, Louis Vuitton collaborated with internet superstars Emma Chamberlain and Charli D'Amelio for the launch of the LV Squad sneaker and LV Sunset mule footwear campaign. The new footwear variants have been made available across the brand's stores and online websites.
- In June 2021, Italian powerhouses Prada SPA and Ermenegildo Zegna joined forces to acquire a major stake (40% each) in the cashmere company, Filati Biagioli Modesto SPA, with an aim to gain direct control over the supply chain of the precious yarns company.
- In October 2020, CHANEL announced a strategic merger with one of its suppliers, Italian Shoemaker Ballin, by acquiring a majority stake in the company. The merger is expected to help CHANEL to reinforce an essential supply chain for its business.
Women Non Athletic Footwear Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Boots and Shoes
5.1.2 Heels and Pumps
5.1.3 Flats
5.1.4 Sandals
5.1.5 Other Footwear Types
5.2 By Distribution Channel
5.2.1 Online
5.2.2 Offline
5.3 By Category
5.3.1 Mass
5.3.2 Premium
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 CHANEL
6.3.2 Prada SpA
6.3.3 LVMH
6.3.4 Capri Holdings
6.3.5 Tapestry Inc.
6.3.6 Kering
6.3.7 The ALDO Group Inc.
6.3.8 LIR SRL
6.3.9 Bata Corporation
6.3.10 VF Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Women Non Athletic Footwear Industry Segmentation
The women's non-athletic footwear products are worn on their feet for protection and fashion by women. The global women's non-athletic footwear market is segmented by type, distribution channel, category, and geography. By type, the market is segmented into boots and shoes, heels and pumps, flats, sandals, and other footwear types. By distribution channel, the market is segmented into online and offline. By category, the market is segmented into mass and premium. By geography, the global women's non-athletic footwear market is segmented into North America, Europe, Asia Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasting have been done in value terms (USD billion).
Women Non Athletic Footwear Market Research FAQs
How big is the Global Women's Non-athletic Footwear Market?
The Global Women's Non-athletic Footwear Market size is expected to reach USD 132.83 billion in 2024 and grow at a CAGR of 3.68% to reach USD 159.15 billion by 2029.
What is the current Global Women's Non-athletic Footwear Market size?
In 2024, the Global Women's Non-athletic Footwear Market size is expected to reach USD 132.83 billion.
Who are the key players in Global Women's Non-athletic Footwear Market?
Prada SpA, Bata Corporation, Kering, The ALDO Group Inc., LVMH and Ecco Sko AS are the major companies operating in the Global Women's Non-athletic Footwear Market.
Which is the fastest growing region in Global Women's Non-athletic Footwear Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Women's Non-athletic Footwear Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Women's Non-athletic Footwear Market.
What years does this Global Women's Non-athletic Footwear Market cover, and what was the market size in 2023?
In 2023, the Global Women's Non-athletic Footwear Market size was estimated at USD 128.12 billion. The report covers the Global Women's Non-athletic Footwear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Women's Non-athletic Footwear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Women Non Athletic Shoes Industry Report
Statistics for the 2024 Women Non Athletic Shoes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Women Non Athletic Shoes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
