Footwear Industry in India 2024: Industry Trends, Statistics and Forecast 2032
India Footwear Market Overview
Base Year: 2023
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 footwear industry in india is rapidly growing, driven by rising demand for fashionable, affordable, and comfortable shoes. According to the latest report by IMARC Group, the market 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:
The growing consumer incomes as well as the rising focus on fashion and lifestyle are the factors responsible for the growth of the India footwear market. Additionally, as disposable incomes rise, more consumers are willing to spend on branded and high-quality footwear, moving beyond basic utility to seek products that reflect their style. This trend is evident among the younger population, who are increasingly influenced by global fashion trends and social media.
The expansion of organized retail, including malls and branded stores, along with the growth of e-commerce platforms, has made a wide variety of footwear accessible across the country, further boosting demand. Moreover, the penetration of international brands into the Indian market is raising the standard and variety of available footwear, catering to a broad range of tastes and preferences.
Another key trend in the India footwear market is the growing demand for athleisure and sports footwear. In addition to this, more consumers are investing in comfortable, functional footwear suitable for sports, exercise, and everyday wear with an increasing awareness of health and fitness. This shift towards athleisure has led to the rise of specialized footwear designed for different activities, such as running, training, and walking, driving the market for performance-based footwear.
Furthermore, there is a rising focus on sustainable and eco-friendly footwear, with both global and local brands introducing products made from recycled and organic materials to appeal to environmentally conscious consumers. The innovations in footwear technology and design are expected to continue driving the growth and diversification of the India footwear market in the coming years.
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India Footwear 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 competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will 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.
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