India Footwear Market Size, Share, Demand, Report, Forecast 2024-2032

The India footwear market is expanding swiftly, fueled by rising disposable incomes, urbanization, e-commerce growth, and demand for eco-friendly, stylish, and sports footwear. Government initiatives like Make in India and technological advancements, such as 3D printing and automation, are

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 growing rapidly, driven by rising consumer demand, evolving fashion trends, and increasing health awareness. 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 fast, driven by several key factors. High consumer demand, fueled by changing fashion and rising incomes, is a major one. As people have more money, they opt for better, stylish shoes. Moreover, rapid urbanization and a growing middle class are shifting preferences. Now, more people want branded shoes that are both functional and stylish.

Formal, casual, active, and social footwear are all available in India. Interestingly, casual and sneakers are becoming more and more popular quite quickly. Increased health consciousness and physical activities like running, working out at the gym, and playing outdoor sports are the main drivers of this movement. The need for cozy, long-lasting sports shoes went up as people's attention has shifted to their health.

Government initiatives like the Make in India campaign are boosting India's footwear market. These policies promote local production to meet growing demand. Additionally, e-commerce has widened access to diverse footwear. Now, consumers in both urban and rural areas can choose from many options at competitive prices. Online shopping has made it easy to find the right shoes. It has expanded the customer base for footwear companies.

Another key trend in the India footwear market is the focus on sustainability. More consumers now seek eco-friendly shoes, made from biodegradable or recycled materials. This shift shows a desire to reduce the environmental impact of everyday products. It reflects a growing awareness of sustainability.

Technology is transforming India's footwear market. New methods, like 3D printing and automation, allow for cheaper, customized shoes. Consumers can now get shoes that perfectly fit their needs in fit, design, or function. Moreover, both global and local brands are teaming up with Indian artisans. They aim to blend traditional craftsmanship with modern styles. This approach makes ethnic and handmade footwear more appealing to a larger audience.

Organized retail and exclusive brand outlets are improving the shopping experience. These outlets offer personalized service, helping customers find what they need. Meanwhile, smart footwear with fitness tracking is gaining popularity among tech-savvy buyers. These shoes combine style with activity data, appealing to health-conscious consumers.

In conclusion, India's footwear market is rapidly growing. This growth is driven by A young, fashion-conscious population, supportive government policies, and tech and sustainability innovations drive the market. It balances style and function to meet diverse preferences. It is poised for further expansion. The demand for high-quality, branded footwear—for fashion, sports, or everyday use—is expected to rise.

Request for a sample copy of this report: https://www.imarcgroup.com/india-footwear-market/requestsample

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
  • Mass  

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.

Contact Us:  

IMARC Group 

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Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

 


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