The global footwear market is a multi-billion dollar industry that has seen tremendous growth in recent years. From the value of the U.S. shoe market projected to reach around $87.41 billion by 2025, to 24.2 billion pairs of shoes produced worldwide in 2018, it's clear that this sector plays an important role in our economy and society as a whole. Athletic footwear accounted for 40% of the U.S.'s total share with an average price per pair at around $50 USD, while online sales are predicted to reach over $154 billion globally by 2021 - making up nearly half of all retail purchases. Additionally, China produces more than 60% of all shoes made worldwide and imports from them make up 79% percent of those entering into the United States alone.
In terms of brand recognition and success within this industry Adidas was named Most Valuable Footwear Brand worth approximately 22$ Billion dollars followed closely behind Nike whose annual revenue amounted to 24$ Billion dollars last year; both companies have been able to capitalize on their respective markets due largely in part because women’s fashion makes up 53 %of global production which continues growing each year alongside luxury brands who are expected see 8 .9 % CAGR through 2028 . Lastly , 85 % discarded shoes end up either landfills or incinerators – highlighting how much waste we produce annually when it comes down purchasing new items every season .
Shoe Industry Statistics Overview
Approximately 24.2 billion pairs of shoes were produced worldwide in 2018.
This statistic is a testament to the sheer size and scope of the global shoe industry. It highlights the immense demand for shoes worldwide and the incredible production capabilities of the industry. It also serves as a reminder of the importance of the shoe industry in the global economy.
Athletic footwear accounted for 40% of the U.S. footwear market in 2019.
This statistic is a testament to the immense popularity of athletic footwear in the U.S. footwear market. It highlights the fact that athletic shoes are a major player in the industry, and that the demand for them is strong. This is an important point to consider when discussing the overall state of the shoe industry, as it shows that the industry is thriving and that consumers are willing to invest in quality athletic footwear.
The average price for shoes in the United States in 2020 was around $50.75.
This statistic is a telling indication of the state of the shoe industry in the United States in 2020. It reveals that the average price of shoes in the US was relatively low, suggesting that the industry was competitive and that consumers had access to a wide range of affordable options. This statistic is an important piece of information for anyone looking to gain insight into the shoe industry in the US.
In 2021, global online sales of footwear are predicted to reach $154.31 billion.
This statistic is a testament to the immense potential of the shoe industry in the digital age. It highlights the fact that online sales of footwear are expected to skyrocket in 2021, indicating that the industry is well-positioned to capitalize on the growing trend of e-commerce. This is an important insight for anyone interested in the shoe industry, as it provides a glimpse into the future of the industry and the opportunities that lie ahead.
Over 60% of footwear produced worldwide is made in China.
This statistic is a telling indication of the immense influence China has on the global shoe industry. It highlights the sheer scale of production that takes place in the country, and the importance of Chinese manufacturing for the industry as a whole. It is a powerful reminder of the importance of China in the shoe industry, and the need for companies to take into account the country's production capabilities when making decisions.
Over 79% of total footwear imports in the U.S. were from China in 2019.
This statistic is a telling indication of the current state of the shoe industry in the United States. It highlights the fact that the majority of footwear imports are coming from China, which suggests that the U.S. is heavily reliant on Chinese imports for its shoe industry. This could have implications for the U.S. economy, as well as the global shoe industry, as it could lead to an over-reliance on Chinese imports and a lack of diversity in the shoe industry.
Adidas was named the Most Valuable Footwear Brand in 2021 by Forbes, worth $22.8 billion.
This statistic is a testament to the success of Adidas in the footwear industry. It highlights the brand's immense value and its ability to remain competitive in a highly saturated market. It also serves as a reminder of the importance of staying ahead of the curve in terms of innovation and marketing strategies. This statistic is a great example of how a brand can remain successful in the ever-changing shoe industry.
Nike's footwear sales amounted to $24.07 billion in 2021.
This statistic is a testament to Nike's success in the shoe industry, demonstrating the company's ability to generate immense revenue from footwear sales. It is a clear indication of the company's dominance in the market, and serves as a benchmark for other shoe companies to strive for. Furthermore, it highlights the importance of the shoe industry as a whole, and the potential for growth and profitability within the sector.
Women's footwear made up 53.7% of the global footwear market in 2019.
This statistic is a telling indication of the immense influence women have in the global footwear market. It highlights the importance of catering to the needs of female consumers, as they make up the majority of the market. This statistic is a valuable insight for anyone looking to gain a better understanding of the shoe industry and the trends that are driving it.
The European Union imported close to 3 billion pairs of shoes in 2019.
This statistic is a testament to the immense popularity of shoes in the European Union. It speaks to the sheer size of the shoe industry in the region and the demand for shoes from consumers. It also highlights the importance of the shoe industry to the European Union's economy, as it is a major source of revenue for the region. This statistic is an important indicator of the health of the shoe industry in the European Union and should be taken into consideration when discussing the industry's performance.
The footwear industry is responsible for 1.4% of global greenhouse gas emissions.
This statistic is a stark reminder of the environmental impact of the footwear industry. It highlights the need for the industry to take responsibility for its emissions and to work towards reducing its carbon footprint. It also serves as a call to action for consumers to be more mindful of their shoe purchases and to consider the environmental implications of their choices.
Footwear consumption per capita in Japan was 4.19 pairs in 2019.
The statistic of footwear consumption per capita in Japan in 2019 is a telling indication of the country's interest in shoes. It shows that the Japanese are passionate about their footwear, and that the shoe industry in Japan is thriving. This statistic is a valuable insight into the shoe industry in Japan, and can be used to inform decisions about the industry's future.
In 2021, the UK footwear industry is estimated to have a market size of around £8.54 billion.
This statistic is a testament to the immense size of the UK footwear industry, highlighting its importance in the global market. It is a key indicator of the industry's success and growth, and provides a valuable insight into the current state of the sector. This statistic is essential for anyone looking to gain a better understanding of the shoe industry and its potential for future growth.
In 2018, India exported over 206 million pairs of shoes, worth $1.39 billion.
This statistic is a testament to the booming shoe industry in India. It shows that the country is a major player in the global shoe market, with exports worth over a billion dollars. It also indicates that the industry is growing, as the number of pairs of shoes exported has increased significantly since 2017. This is a positive sign for the industry, and it is likely to continue to grow in the coming years.
The global luxury footwear market is expected to grow at a CAGR of 8.9% from 2021 to 2028.
This statistic is a powerful indicator of the potential for growth in the luxury footwear market. It shows that the industry is expected to experience a steady increase in demand over the next few years, which could be a great opportunity for businesses in the sector to capitalize on. This could be especially beneficial for those looking to invest in the industry, as the projected growth rate could lead to a lucrative return on investment. Furthermore, this statistic could be used to inform decisions about the future of the industry, such as which markets to target and which products to focus on. Ultimately, this statistic is an important piece of information for anyone interested in the shoe industry.
Conclusion
The global footwear industry is a rapidly growing market, with the value of the worldwide market estimated to reach $365.5 billion in 2020 and projected to grow even further by 2025. Athletic shoes are particularly popular, accounting for 40% of U.S. sales in 2019 and expected to gain strength through 2021 according to reports from The NPD Group Inc., while luxury footwear is also on an upward trend with a CAGR of 8.9%.
In terms of production, China remains at the forefront as over 60% of all shoes produced globally come from this country alone; however other countries such as India have seen significant growth in exports too - 206 million pairs were exported worth $1.39 billion in 2018 alone. Women's footwear has been especially successful making up 53.7% of total global sales last year and average prices remain relatively low at around $50 per pair across most markets including Europe and North America alike..
Despite these successes there are still areas that need improvement within the shoe industry – namely sustainability issues which account for 1/4th (85%)of discarded shoes ending up either landfills or incinerators each year due largely to lack consumer awareness about recycling options available today . With more focus being placed on sustainable practices it’s likely we will see positive changes made throughout this sector soon enough.
References
0. - https://www.www.commonobjective.co
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2. - https://www.www.statista.com
3. - https://www.global.rakuten.com
4. - https://www.www.npd.com
5. - https://www.www.globenewswire.com
6. - https://www.www.researchnester.com
7. - https://www.footwearnews.com
8. - https://www.www.worldfootwear.com
9. - https://www.www.forbes.com
10. - https://www.www.tradegecko.com
