Footwear Market Size, Share, Outlook and Forecast to 2030

Pune, India - (NewMediaWire) - March 3, 2023 -  "Footwear" Size, Scope, and Forecast 2023-2030 report has been added to the Market Research Archive of Absolute Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Global Footwear with respect to various aspects such as growth factors, challenges, restraints, developments, trends, and opportunities for growth. This report will surely be a handy tool for market players to come up with effective strategies with the aim of strengthening their positions in the market.

What is the Footwear growth?

As one of the world's leading footwear manufacturers, Vietnam ranks second in the world in terms of leather and footwear exports after China. Vietnam exports more than 1 billion pairs of footwear of all kinds of to hundreds of countries around the world every year. In particular, Vietnam's footwear exports to the EU account for the largest proportion of the total exports. By the end of 2021, there are about 2,200 enterprises producing footwear in Vietnam, mainly concentrated in the area around Ho Chi Minh City.

According to Researchers, two giant brands in the global footwear industry, Nike and Adidas, have chosen Vietnam as their main production base. Part of the global footwear chain is gradually shifting from China to Vietnam due to its lower costs. Nike has more than 100 suppliers in Vietnam, with 96 factories concentrated in the southern region.

Nike's arch rival, Adidas, has also chosen Vietnam as its main production area. In its annual report (2020), Adidas suggested that in 2019, 98% of Adidas' footwear products were produced in the Asian region. Vietnam has become the largest sourcing country for Adidas, accounting for 42% of its total footwear production in 2020.

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According to Researchers’s analysis, due to the impact of COVID-19, Vietnam's footwear exports was USD16.75 billion in 2020, down 8.6% YOY. In 2020, Vietnam's footwear products were exported to more than 100 countries, with exports to 70 of these countries exceeding USD1 million in footwear production. In 2021, Vietnam's footwear exports have seen a resurgence in growth.

There is a more important basis for the bullishness of Vietnam's footwear exports, that is, Vietnam has signed trade agreements helpful for exports with Europe and the United States. For example, in the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam's footwear exports to the EU amount to about 40%. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam's footwear exports to Canada and Mexico soar.

Vietnam has signed many agreements with developed countries that are conducive to promoting exports, but the strength of Vietnam's local footwear enterprises remains weak and the major market share of Vietnam's footwear industry is occupied by foreign companies. According to Researchers, Vietnam's footwear production and exports are expected to continue to grow in 2022-2030. For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam’s market in the coming years.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 60 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Client Focus

1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Footwear?

Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Footwear Industry.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Footwear Industry.

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This report provides a pin-point analysis of changing dynamics and emerging trends in the Global Footwear. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Global Footwear in the coming years. Further, the authors of the report have shed light on the factors that may hinder the growth of the Global Footwear.

Footwear - Competitive and Segmentation Analysis:

2. How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Top Key Players of the Global Footwear

1 Nike
2 Adidas
3 BINH TIEN IMEX CORP., PTE., LTD.
4 Vinagiay Corporation
5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD
6 Saigeon Footwear Joint Stock Company
7 Vinh Long Footwear Co.
8 Sahara International Corporation
9 Golden Star Company Limited
10 Mai Nguyen Fashions Joint Stock Company

Short Description About Footwear:

The Global Footwear is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

This report studies the Footwear, covering market size for segment by type, by application, by sales channel (Direct Channel, Distribution Channel), and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).

This report provides detailed historical analysis of global market for Footwear from 2015-2020, and provides extensive market forecasts from 2023-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Footwear.

Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.

This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

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3. What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report.

Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2023-2030) of the following regions are covered in Chapter 4 and Chapter 7:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa

Please find a more complete list of data sources in Chapters

1.To study and analyze the global Footwear consumption (value) by key regions/countries, product type and application

2.To understand the structure of Footwear by identifying its various sub segments.

3.Focuses on the key global Footwear manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Footwear with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Footwear submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Customization of the Report

4. Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Footwear Market Insights and Forecast to 2030

1 Overview of Vietnam

1.1 Geographical Situation

1.2 Demographic Structure of Vietnam

1.3 Economy of Vietnam

1.4 Minimum Wage in Vietnam, 2011-2021

1.5 Impact of COVID-19 on the Footwear Industry in Vietnam

2 Development Environment of Vietnam's Footwear Industry

2.1 Brief History of Vietnam's Footwear Industry

2.2 Types of Vietnam's Footwear industry

2.3 Policy Environment of Vietnam's Footwear Industry

3 Supply and Demand Situation of Vietnam’s Footwear Industry

3.1 Supply Situation

3.2 Demand Situation

4 Import and Export Situation of Vietnam’s Footwear Industry

4.1 Import Situation

4.1.1 Import Volume and Import Value

4.1.2 Main Import Sources

4.2 Export Situation

4.2.1 Export Volume and Value

4.2.2 Main Export Destinations

5 Market Competition in Vietnam's Footwear Industry

5.1 Barriers to Entry in Vietnam’s Footwear Industry

5.1.1 Brand barrier

5.1.2 Quality Barrier

5.1.3 Capital Barrier

5.2 Competitive Structure of Vietnam’s Footwear Industry

5.2.1 Bargaining Power of Footwear Suppliers

5.2.2 Bargaining Power of Consumers

5.2.3 Competition in Vietnam’s Footwear Industry

5.2.4 Potential Entrants in the Footwear Industry

5.2.5 Substitutes for the Footwear Industry

6 Analysis of Major Footwear Brand Companies in Vietnam

6.1 Nike

6.1.1 Development History of Nike

6.1.2 Nike's Main Products

6.1.3 Nike's Operation Model

6.2 Adidas

6.2.1 Development History of Adidas

6.2.2 Adidas’ Main products

6.2.3 Adidas' Operation Model

6.3 BINH TIEN IMEX CORP., PTE., LTD.

6.3.1 Development History of BINH TIEN IMEX CORP., PTE., LTD.

6.3.2 BINH TIEN IMEX CORP., PTE., LTD.'s Main Products

6.3.3 BINH TIEN IMEX CORP., PTE., LTD.'s Operation Model

6.4 Vinagiay Corporation

6.4.1 Development History of VINAGIAY CORPORATION

6.4.2 Main Products of VINAGIAY CORPORATION

6.4.3 Operating model of VINAGIAY CORPORATION

6.5 AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD

6.5.1 Development History of AN BA LEATHER FOOTWEAR ONE MEMBER CO., LTD

6.5.2 Main products of AN BA LEATHER FOOTWEAR ONE MEMBER CO.

6.5.3 Operating Model of AN BA LEATHER FOOTWEAR ONE MEMBER CO.

6.6 Saigeon Footwear Joint Stock Company

6.7 Vinh Long Footwear Co.

6.8 Sahara International Corporation

6.9 Golden Star Company Limited

6.10 Mai Nguyen Fashions Joint Stock Company

7 Outlook on Vietnam’s Footwear Industry, 2021-2030

7.1 Analysis of Vietnam’s Footwear Industry Development Factors

7.1.1 Drivers and Development Opportunities for Vietnam’s Footwear Industry

7.1.2 Threats and Challenges Facing Vietnam’s Footwear Industry

7.2 Forecast on Vietnam’s Footwear Industry Supply

7.3 Forecast on Vietnam’s Footwear Industry Market Demand

7.4 Forecast on Import and Export of Vietnam’s Footwear Industry

Selected Charts:

Chart Total Population of Vietnam, 2006-2021

Chart Vietnam’s GDP Per Capita, 2011-2021

Chart Relevant Policies of Footwear Industry Issued by the Vietnamese Government, 2008-2021

Chart Vietnam’s Footwear Production, 2016-2021 

Chart Domestic Footwear Consumption in Vietnam, 2010-2021

Chart Import Volume of Footwear Industry in Vietnam, 2018-2021

Chart Import Value of Footwear Industry in Vietnam, 2018-2021

Chart Import Sources and Import Value of Footwear Industry in Vietnam, 2018-2021

Chart Vietnam's Footwear Exports, 2005-2021

Chart Export Value of Footwear Industry in Vietnam, 2010-2021 

Chart Export Destinations and Export Value of Footwear Industry in Vietnam, 2018-2021

Chart Forecast on Vietnam’s Footwear Production, 2022-2030

Chart Forecast on Domestic Footwear Industry Market Size in Vietnam, 2022-2030 

Chart Forecast on Import of Footwear Industry in Vietnam, 2022-2030

Chart Forecast on Export of Footwear Industry in Vietnam, 2022-2030

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