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The Australia footwear market size was valued at USD 4.11 Billion in 2024. The market is further projected to grow at a CAGR of 6.00% between 2025 and 2034, reaching a value of USD 7.36 Billion by 2034.
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The pandemic disrupted and has transformed the Footwear Retailing industry, reshaping consumer spending habits. Traditionally reliant on instore purchases, the industry experienced significant challenges during lockdowns as physical stores temporarily closed. Online retailers capitalised on this shift by offering convenience, extensive product ranges and free returns, gaining a competitive edge. In response, traditional retailers quickly enhanced their online platforms, maintaining demand and ensuring the industry’s resilience. With footwear products largely constant, discounting has been a key strategy to maintain market share, putting downwards pressure on revenue growth. However, pandemic-related stock shortages temporarily eased discounting, boosting profit margins over the five years through 2024–25. Major retailers have performed better than smaller players, forcing some out of the market. The closure of Rivers, a major brand under Mosaic Brands, highlights this trend, with 136 stores closing and 650 job losses, reflecting growing consolidation as firms exit less profitable segments. Rising disposable incomes and strong online sales have supported industry revenue, which is expected to have grown at an annualised 3.5% over the five years through 2024–25, reaching $4.9 billion. However, revenue is anticipated to dip 3.5% in 2024–25 as rising cost-of-living pressures prompt budget-conscious consumer behaviour. The industry is forecast to stabilise, with revenue forecast to climb at a modest annualised 1.0% over the five years through 2029–30 to $5.1 billion. Retailers will focus on streamlining their operations and optimising online retail channels to diversify revenue streams. Rising disposable income and improved consumer sentiment will support sales of high-end casual shoes. Industry profitability is set to dwindle as heavy discounting strategies resurge. While retailers will continue to focus on premium offerings and cost efficiencies, aggressive discounting practices to maintain demand will significantly pressure industry profitability over the long term, although stabilising operating costs may offer some relief.
Comparing the four different segments for the year 2030, the segment 'Boots' is forecast to lead the ranking with **** U.S. dollars. Contrastingly, 'Running' is estimated to rank last, with **** U.S. dollars. Their difference, compared to Boots, lies at **** U.S. dollars. The average volume per capita reaches a particularly high level in the segment Boots at the end of the forecast period. In this case, the value of the segment at 2030 is **** U.S. dollars, significantly above the average of the last values, which is **** U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in the world and a comparison of the volume in Pakistan. The Statista Market Insights cover a broad range of additional markets.
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The Footwear Manufacturing industry is navigating a complex landscape marked by significant shifts in market dynamics. The industry faces challenges from an influx of low-cost imports, which has pressured domestic manufacturers. Despite this, demand for high-quality, premium footwear drives a stable profit margin environment. Brands focusing on premium and niche segments, like R.M. Williams and Blundstone, are experiencing robust sales and will continue thriving. However, competitive pressure from inexpensive imports is pushing businesses focused on low-end markets to exit the industry. This shift is expected to lead to a contraction in industry enterprises, though some companies are anticipated to remain viable by capitalising on niche markets and demand for premium products. Overall, industry revenue is expected to have dropped 4.9% annualised over the five years through 2024-25, to estimated $666.5 million. This includes an anticipated 1.1% dip in 2024-25, driven by rising material costs and weakened consumer spending significantly affecting the final consumer market. In the coming years, the industry’s prospects appear promising despite current challenges. A projected depreciation in the Australian dollar will enhance the exchange rate for exports, making domestic footwear more competitive internationally and driving export growth. This trend, combined with increased disposable incomes and improved consumer sentiment, is poised to support revenue growth. However, department stores' continued preference for cost-effective imports could undermine domestic revenue increases, presenting an ongoing challenge for local manufacturers. Employment is set to recover slightly as demand for locally produced, premium footwear grows, with companies like R.M. Williams leading the trend. While competition from low-cost imports and stable import duties present hindrances, the industry's focus on premium products and favourable export conditions will likely drive revenue growth in the coming years. Hence, industry revenue is forecast to grow 1.2% over the five years through 2029-30, totalling an estimated $707.8 million.
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Learn about the projected growth of the footwear market in Australia over the next decade, driven by increasing demand and expected to reach 133 million pairs and $1.7 billion in value by 2035.
Over the last two observations, the average revenue per capita is forecast to significantly increase in all segments. As part of the positive trend, the average revenue per capita achieves the maximum value across all four different segments by the end of the comparison period. Notably, the segment Boots stands out with the highest value of ****** U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in Hong Kong and a comparison of the revenue in the United States. The Statista Market Insights cover a broad range of additional markets.
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Learn about the increasing demand for footwear in Australia and the projected growth in market volume and value from 2024 to 2035.
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The Australia Athletic Footwear market is expected to grow at 6.40% CAGR from 2023 to 2028, active lifestyle & rising health consciousness propel the market.
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Retailers play a leading role in shaping the Footwear Wholesaling industry, so turbulent trading conditions downstream have affected wholesalers. Retailers are increasingly dealing directly with manufacturers to bypass the markup of footwear wholesalers due to demand pressures. This trend has negatively affected wholesalers' revenue. The remaining retail clients have been negotiating lower prices with wholesalers, heightening competition and compelling smaller wholesalers to consolidate or exit the industry. Import penetration from countries with low production costs, like China, has added to pricing pressures, causing profit margins to wane. In turn, revenue is expected to contract at an annualised 1.1% over the five years through 2023-24, to $2.6 billion. This includes a 5.4% revenue dip over the current year due to reduced demand from footwear retailers and department stores, spurred by consumer pessimism and increasing cost-of-living pressures. The initial COVID-19 outbreak adversely impacted wholesalers, resulting in a decline in revenue in 2019-20 with consumer confidence and levels of spending low. Reduced manufacturing activity overseas compounded problems via disrupted footwear supply and logistical issues, which raised costs through additional freight charges and reduced profit margins. However, discounting pressures for wholesalers eased as logistical disruptions encouraged retailers to localise supply chains. For that, demand recovered in 2020-21, resulting in increased industry revenue. Factors like improved consumer sentiment, growth in disposable incomes and a move of retailers to online platforms, where demand soared, were also key to the increase in wholesaler orders over the year. Revenue is on track to improve as wholesalers concentrate on supplying premium footwear. The continued adoption of advanced technology will strengthen wholesalers' supply chains, allowing them to execute value in the distribution of goods. Increasing disposable incomes and consumer sentiment will support consumers' purchasing power to spend on footwear at the retail level. Still, demand from downstream markets is set to drop due to increased competition in retail and a rise in imports that comes with a stronger Australian dollar. Revenue is forecast to grow at an annualised 1.3% over the five years through 2028-29, to reach $2.7 billion.
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Australia Luxury Footwear market was valued at USD 876.81 million in 2024 and is anticipated to grow USD 1,043.67 million by 2030 with a CAGR of 3.01%.
Pages | 81 |
Market Size | 2024: USD 876.81 Million |
Forecast Market Size | 2030: USD 1,043.67 Million |
CAGR | 2025-2030: 3.01% |
Fastest Growing Segment | Online |
Largest Market | Australia Capital Territory & New South Wales |
Key Players | 1. LVMH Moët Hennessy-Louis Vuitton SE 2. Chanel Limited 3. Burberry Group PLC 4. A.Testoni SpA 5. Dr. Martens AirWair USA LLC 6. Antica Calzoleria SRL (Silvano Lattanzi) 7. Prada S.p.A 8. Base London Limited 9. JL and Company Limited (John Lobb) 10. Salvatore Ferragamo S.P.A. |
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The report covers Australia Athletic Apparel and Footwear Market Major Players, Australia Athletic Apparel and Footwear Market Trends, Australia Athletic Apparel and Footwear Market Analysis.
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Learn about the expected growth in the footwear market in Australia, with a projected increase in both volume and value over the next decade.
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Australia sports shoe market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.52% during 2025-2033. Numerous strategic marketing collaborations between leading manufacturers and athletes that contribute to brand visibility and consumer trust are primarily driving the market growth across the country.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
| USD 2.2 Billion |
Market Forecast in 2033
| USD 3.2 Billion |
Market Growth Rate 2025-2033 | 3.52% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, gender, and retail channel.
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The Asia-Pacific Athletic Footwear Report is Segmented by Activity (Running Shoes, Sports Shoes, and More), Product Type (Shoes, Boots), End User (Men, Women, Kids/Children), Category (Premium, Mass), Distribution Channel (Sports and Athletic Goods Stores, Supermarkets/Hypermarkets, and More, and Geography (China, Japan, India, Australia, Rest of Asia-Pacific). The Market Forecasts are Provided in Terms of Value (USD).
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In Australia Footwear Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,
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The Australia Diabetic Footwear market was valued more than USD 40 Million in 2023, due to several initiatives takes by government.
In 2024, the annual revenue of the clothing, footwear, and personal accessory retail industry in Australia amounted to over 36 billion Australian dollars. This marked a rise from the previous year and a recovery in clothing retail revenue after a decline in 2020 during the pandemic.
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In 2024, the footwear market in Australia and Oceania increased by 3.3% to $1.9B, rising for the fourth year in a row after two years of decline. In general, consumption continues to indicate tangible growth. As a result, consumption reached the peak level of $2.7B. From 2019 to 2024, the growth of the market remained at a lower figure.
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The Australia Sneakers market is predicted to grow with more than 6.50% CAGR from 2024 to 2029, due to growth of younger population.
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The Australia men’s footwear market size reached USD 343.20 Million in 2024. The market is expected to grow at a CAGR of 4.55% between 2025 and 2034, reaching USD 535.53 Million by 2034.
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The Australia footwear market size was valued at USD 4.11 Billion in 2024. The market is further projected to grow at a CAGR of 6.00% between 2025 and 2034, reaching a value of USD 7.36 Billion by 2034.