Leather Footwear Market to Grow with a CAGR of 3.9% through 2028
Rising demand for stylish and comfortable footwear and the increasing
demand for athletic footwear are factors driving the global leather footwear market
in the forecast period 2024-2028.
According to TechSci Research report, “Leather Footwear Market –
Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Leather Footwear Market
stood at USD189.22 billion in 2022 and is anticipated to grow with a CAGR of 3.9%
in the forecast period, 2024-2028. The global leather footwear industry is a
prominent and dynamic sector within the fashion and retail markets. Leather
footwear is highly regarded for its durability, timeless style, and
versatility, making it a staple in the footwear market. The industry faces a range
of challenges and opportunities, including the growing demand for sustainable
and ethical practices, customization and personalization trends, a shift toward
casual and athleisure styles, and the increasing influence of e-commerce.
Europe, with its heritage of craftsmanship, continues to be a dominant player
in the market, but the industry's landscape is continually evolving to meet
changing consumer preferences and sustainability concerns.
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"Global Leather Footwear Market.”
Fashion and style preferences are potent drivers in the global leather
footwear industry. Footwear transcends mere utility; it's a canvas for personal
expression. Seasonal fashion trends, high-profile designer collaborations, and
celebrity endorsements have a profound impact on consumer choices. Leather
footwear brands are in a perpetual state of innovation, crafting designs that
resonate with contemporary fashion sensibilities. Colors, patterns, and unique
designs are integral to this process, ensuring that consumers have access to
leather footwear that reflects the ever-evolving world of style. By staying
attuned to these trends and catering to the diverse tastes of consumers, brands
can maintain their relevance in a highly competitive market.
Additionally, consumer lifestyles and preferences exert substantial
influence on the leather footwear market. As work attire evolves with shifting
dress codes, consumers seek leather footwear that adapts to these changes,
combining professionalism with comfort. Urbanization has fostered demand for
leather shoes suited to the demands of city life, emphasizing style and
durability for everyday wear. Meanwhile, the growing popularity of outdoor
activities has led to increased interest in leather boots designed for rugged
terrain, catering to adventure enthusiasts. As consumer lifestyles continue to
transform, so do their demands for leather footwear, encouraging brands to
innovate and diversify their offerings to match evolving preferences.
The surge in demand for athletic and comfort-driven leather footwear is
a response to evolving lifestyles and the flourishing athleisure trend.
Consumers now prioritize footwear that seamlessly combines style with comfort
and functionality. Leather sneakers, casual shoes, and hybrid designs that
bridge the gap between sporty aesthetics and everyday wear have gained immense
popularity. This trend reflects a cultural shift towards active and
health-conscious lifestyles, where individuals seek footwear that supports
their daily activities without compromising on fashion. Brands are capitalizing
on this trend by developing leather footwear with advanced cushioning, arch
support, and shock absorption technologies, catering to the growing demand for
athletically inspired comfort.
The global Leather Footwear market is segmented into end user, material,
sales channel, regional distribution, and company.
Based on end user the market is segmented into male, female, kids.
Based on material
the market is further segmented into genuine leather, synthetic leather.
Genuine leather
remains a cornerstone of the global leather footwear industry, consistently in
demand for its premium quality, durability, and timeless appeal. Despite the
rise of synthetic materials, genuine leather holds a special place among
consumers who appreciate its natural look and feel. The demand for genuine
leather in footwear is particularly strong in the luxury and high-end segments,
where consumers prioritize quality and craftsmanship. Additionally, ethical and
sustainable sourcing practices are gaining prominence, driving the demand for
responsibly produced leather. Overall, genuine leather continues to be a
sought-after choice for those seeking long-lasting, stylish, and sustainable
footwear options.
Based on sales
channel the market is segmented into supermarkets/hypermarkets, specialty
stores, online, others (direct sales, etc.).
Based on region the
market is segmented into five regions Asia Pacific, North America, Europe,
Middle East & Africa, and South America.
Major companies operating in Global Leather Footwear Market
are:
- Prada Holding B.V.
- Allen Edmonds
- Kering S.A.
- LVMH
- Cole Haan
- Hermès International S.A.
- Genesco Inc.
- Salvatore Ferragamo S.p.A.
- Bruno Magli
- Crockett & Jones
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“The global leather footwear market is a dynamic and evolving industry
influenced by diverse factors. Sustainability and ethical concerns drive brands
to explore eco-friendly alternatives. Customization and personalization are on
the rise, allowing consumers to tailor their leather footwear. Comfort and
performance enhancements are prioritized, especially in athleisure styles. The
digital transformation and e-commerce have reshaped shopping experiences.
Innovative materials, like mushroom leather, are gaining ground. Challenges
include supply chain vulnerabilities, competition from synthetic materials, and
changing consumer preferences. The female segment is rapidly growing, as is the
online retail sector. Europe continues to dominate, thanks to its legacy of
craftsmanship and fashion-forward designs.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Leather Footwear Market – Global Industry Size, Share, Trends Opportunity, and Forecast, By
End User (Male, Female, Kids), By Material (Genuine Leather, Synthetic Leather),
By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Others
(Direct Sales, etc.)), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated
the future growth potential of global leather footwear market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global leather footwear market.
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