# India Footwear Market (2022- 2027) --- ## Report Summary The India Footwear Market report covers market size, share, growth, trends, outlook, companies and forecast insights across 2020-2031. --- ## India Footwear Market Table of Contents Table of Contents - 1. India Footwear Market - Revenue, Share, Trends, Competitive Analysis 2017-2027 - 1.1. Market Overview - 2. Market Definition of India Footwear Market - 3. Market Analysis of India Footwear Market - 3.1. India Footwear Market Production and Exports - 3.2. Annual Footwear Consumption in India --- ## India Footwear Market Overview Market Highlights The India Footwear market is expected to reach a market size of USD 14.50 billion in 2027, growing at a CAGR of 11.04%. In 2022, the India Footwear market was valued at USD 8.80 billion. The primary growth drivers of the market are Changing Fashion Trends, Rising E-commerce, Innovations in Materials and Technology, and the arrival of new brands. Counterfeit Products, Supply Chain Disruptions, Fluctuating Raw Material Prices, and Infrastructure Challenges are some of the restraining factors in the market. Bata is the leading player in the India Footwear market. *The India Footwear market is expected to reach a market size of USD 14.50 billion in 2027 growing at a CAGR of 11.04 %.* --- ## India Footwear Market Definition ### Market Definition **Market Definition of India Footwear** India Footwear market is segmented into four material types Rubber, Leather, Plastic, and Fabric. The report covers distribution channels such as Footwear Specialists, Online Sales, Supermarkets and Hypermarkets, Departmental Stores, Clothing Stores, and Others. However, this report specifically covers the India footwear retail market and excludes the wholesale industry of India footwear market. This report encompasses an analysis of the domestic footwear market including northern, eastern, western, and southern India. The report covers both domestic and MNC companies such as Bata, Future Retail India, and Liberty Shoes Limited. In this report, the market size is calculated on the basis of revenue (On the number of two pairs sold in India). --- ## Taxonomy | ID | Parent ID | Label | | --- | --- | --- | | 1 | | India Footwear Market | | 2 | 1 | Material Type | | 3 | 2 | Rubber | | 4 | 2 | Leather | | 5 | 2 | Plastic | | 6 | 2 | Fabric | | 7 | 1 | Distribution Channel Type | | 8 | 7 | Footwear Specialists | | 9 | 7 | Online Sales | | 10 | 7 | Supermarkets and Hypermarkets | | 11 | 7 | Departmental Stores | | 12 | 7 | Clothing Stores | | 13 | 7 | Others | | 14 | 1 | End-User | | 15 | 14 | Men | | 16 | 14 | Women | | 17 | 14 | Children | --- ## Market Ecosystem of India Footwear Market ### Market Ecosystem of India Footwear Market **Market Ecosystem** Over the past five years, there has been notable growth in the Indian footwear sector. The market is extremely competitive. The footwear market in India employs 1000 listed and unlisted businesses as of 2022. Small-scale businesses account for 55% of the industry's overall production. There are two sectors of the footwear industry, the traditional and the modern. The modern sector is mostly restricted to specific regions like Chennai, Ambur, Ranipet, Agra, Kanpur, and Delhi, with the majority of its production going to export, whereas the traditional sector is distributed throughout the nation with pockets of concentration catering mostly to the domestic market. The Indian footwear market is highly fragmented, and the structure of the market comes under perfect competition market structure. Some of the leading players in the Indian footwear market are Bata, Future Retail, Liberty, Adidas, Campus, Metro Shoes, Flipkart, and Amazon. The India footwear market is assisted by logistics players such as Blue Dart, DHL, GATI, Delhivery, and others. These logistics players assist the footwear market for the smooth transaction of raw materials and finished products from one location to another domestically. Tannery players such as Farida Group, Lakhsmi Shoes, Mayur Unquoters Limited, Mirza International Limited, and others also play a vital role in the overall ecosystem of the India Footwear market. --- ## India Footwear Market Segmentation ### India Footwear Market Segmentation by Type of Material, (In Revenue %), 2022 In 2022, Leather shoes type was dominating the material type segmentation of India footwear market with 42% of the market share. Rubber is the second largest material type in the market followed by Plastic and Fabric. ### India Footwear Market Segmentation by Type of Distribution, (In Revenue %), 2022 In 2022, the India footwear market is predominantly characterized by the distribution type, with footwear specialists leading the way, commanding a substantial market share of 57%. Online sales come in second place in the distribution segment, holding a market share of 16%, followed by supermarkets and hypermarkets stores with a 9% market share. The remaining 18% of the market is acquired by Departmental stores, Clothing Stores, and others with 7%, 5%, and 6% of the market share respectively. ### India Footwear Market Segmentation by Type of Category, (In Revenue %), 2022 The India footwear market is dominated by Men’s footwear with 46% of the market share under category type followed by Women’s footwear and Children’s footwear which hold over 36% and 18% of the market share respectively. --- ## India Footwear Market Industry Analysis ### Swot Analysis of the India Footwear Market **Opportunity:** There is rising potential in the domestic market due to increased disposable income, along with growing fashion consciousness among consumers. Additionally, rising labour costs in China and the growing domestic and international market create further expansion opportunities. **Strength:** The industry benefits from a large domestic market, an abundance of raw material, and readily available skilled and cheap manpower. It is also supported by strong government focus and a huge digital presence. **Threat:** The market is largely unorganized, making it difficult to expand, and it faces stricter international standards. Rising demand for sustainable and ecofriendly products, along with increased competition from other countries, also poses challenges. **Weakness:** The sector remains concentrated on the low end of the value chain, with a limited presence in the global fashion market. It also faces a low level of awareness and conformity to international standards, along with a fragmented market structure. ### Growth Drivers of India Footwear Market The India Footwear market is driven by growth drivers like Changing Fashion Trends, Rising E-commerce, Innovations in Materials and Technology, and the arrival of new brands. Growing disposable incomes and exposure to international fashion trends are contributing to an increasing demand for fashionable and trendy footwear in India footwear industry. The rise in online shopping has enhanced consumer comfort and simplicity of use while purchasing footwear goods. The significant rise is developing the market and boosting sales in the footwear industry of India. **Changing Fashion Trends** Demand for trendy and stylish footwear is increasing rapidly in the India footwear market owing to the increasing disposable income and exposure to prominent global products. New and fashionable designs are always in demand as shoppers try to match their footwear selections to the newest trends and fashion statements. The sales of branded footwear in India are estimated to grow by 20% between 2023-2028. One of the main reasons behind this significant upsurge in sale of branded footwear is growing disposable income of the consumers. In 2022, India’s disposable income was valued at USD 2.76 Tn compared to USD 2.04 Tn witnessing an increase of USD 0.72 Tn in last five years. **Rising E-commerce** The e-commerce industry has grown significantly in the last five years owing to various factors affecting the market. In 2017 the India e-commerce industry was valued at USD 39 billion. The industry faced negative growth in 2018 and 2019 with a market size of USD 22 and USD 25 billion respectively. The market witnessed substantial growth post-pandemic in 2021 and 2022 with a market size of USD 84 and USD 74 billion, respectively. The market is expected to touch a market value of USD 100 billion by the end of 2024. **Innovations in Materials and Technology** Technology and material advancements have enabled footwear goods to improve performance, comfort, and longevity. Nowadays consumers are demanding both appearance and utility, which are met by features including lightweight designs, breathable materials, and enhanced cushioning. Innovations in technology are also helping to produce sustainable and environmentally friendly footwear. Specifically, environmentally concerned consumers are drawn to those brands that include sustainable practices in their manufacturing processes and materials selection. **The arrival of new brands** New companies are frequently adding new perspectives and different designs to the market, expanding the selection of products available. The introduction of new brands contributes to the overall growth of the footwear market by drawing in new customers and raising the total amount of footwear items consumed. The competition is becoming intense as the new brands are entering the Indian footwear market, forcing established brands to innovate and make improvements to hold onto their market share. --- ## India Footwear Market Future Outlook ### India Footwear Market Future Outlook, (In Revenue USD Bn), 2023-2027 The India footwear Market is estimated to grow at a CAGR of 11.04% between 2023-2027. The market is expected to reach a market size of USD 14.50 billion by the end of 2030 driven by growth drivers like Changing Fashion Trends, Rising E-commerce, Innovations in Materials and Technology, and the arrival of new brands. There has been an increase in demand for ethical and sustainable footwear items in the last few years. New trends in footwear have emerged such as oil-proof and vegan footwear. This is due to consumers being more aware of how their purchases affect the environment and animal welfare. Oil-proof footwear is footwear that is designed to repel oil and other liquids that protect workers in various industries such as construction, manufacturing, and food service. Vegan footwear is prepared from raw materials extracted from non-living things and avoids tannery products completely. --- ## India Footwear Market Macroeconomic Indicators ### India Size of Population, (In Million), 2017-2023 India's population was estimated at 1437 million in 2023, increasing by 30 million from 1407 million in 2021. By the end of 2025, India's population is predicted to reach 1500 million. ### Population Based on Age Group in India, (in %), 2010-2025 In the year 2020, The population between the 25-49 age group is the largest age group (36.40%) in India followed by 0-14 (26.40%), 50+ (19.40%), and 15-24 (18%). ### India's GDP, (In USD Bn), 2017-2023 In 2023, India's GDP was valued at USD 3732 billion compared to USD 2710 billion in 2018. The country’s GDP is expected to reach 5000 billion by the end of 2025. ### India Inflation Rate, (In %), 2017-2023 In 2023, India’s Inflation rate stands at 5.66 % an increase of approximately 2.5% from the 2018 inflation rate of 3.94%. During the COVID-19 pandemic in 2020, the inflation rate in India surged unexpectedly to 6.62% from 3.72% in 2019. ### Population of India by Income Class, (in %), 2023 As of 2023, India comprises of majority of the middle-class population which is 57% of the total population of India. After the middle class comes the lower-class category which comprises 33% of the total population of India. The remaining 10% of the population belongs to a high-income class. --- ## Frequently Asked Questions Find quick answers to common questions about the India Footwear Market **Q: How big is the India Footwear Market?** A: The India Footwear market was valued at USD 8.80 Billion in 2023. **Q: What is the future market size of the India Footwear Market?** A: In 2027, the market size of the India Footwear Market is expected to reach USD 14.50 Billion growing at a CAGR of 11.04% in the forecasted period of 2023-2027. **Q: Who are the key players in the India Footwear conditioner market?** A: Bata, Future Retail, Liberty, Adidas, Campus, Metro Shoes, Flipkart, and Amazon some of the prominent companies operating in the India Footwear market. **Q: What are the growth drivers of the India Footwear market?** A: Changing Fashion Trends, Rising E-commerce, Innovations in Materials and Technology, and the arrival of new brands are the major growth drivers of the India Footwear market. **Q: Which segment is dominating the India Footwear market in product type?** A: The leather type is dominating the India Footwear market in the product type followed by fabric & others.