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.

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.

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.

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%.

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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.

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.

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).

Rebel Sport is a seller of sporting goods in Australia and New Zealand, which retails both in physical stores and online. As of March 2016, the company had a ** percent share of the men’s sportswear market in Australia, and a ** percent share of the women’s sportswear market.

Market share and the online market

In the same year, Rebel Sport recognized a ** percent share of annual consumer expenditure on sporting equipment, the largest single brand market share that year. Elsewhere, online-only sporting goods retailers attracted a ** percent share of annual consumer expenditure.

In a 2019 survey, ** percent of Australian consumers said they mostly bought sports and outdoor products online, rather than in physical stores.

Focus on the men’s sport shoes market

In a 2015 survey, Rebel Sport was the most popular shopping place for men’s sport shoes; *** percent of respondents said they preferred to shop there. By comparison, *** percent said they preferred Rivers, and *** percent of respondents preferred The Athlete’s Foot.

Most was spent at The Athlete’s Foot; in the same year, *** Australian dollars was the average spend on men’s sport shoes here, compared to *** Australian dollars at Foot Locker. Rebel Sport was the fourth most popular retailer, with an average spend of *** Australian dollars on sport shoes for men.

The custom shoes market is running far with the growing trend of personalization and luxury products. A simple hashtag in the correct spot may ensure that any product or service reaches a worldwide audience. With a projected CAGR of 7.20% from 2024 to 2034, this market is set to explode.

Attributes	Key Statistics
Expected Base Year Value (2024)	US$ 842.5 million
Anticipated Forecast Value (2034)	US$ 1,688.60 million
Estimated Growth (2024 to 2034)	7.20 % CAGR

Category-wise Insights

Attributes	Details
Product Type	Casual Shoes
Market Share (2024)	40.40%

Attributes	Details
Consumer Orientation	Men
Market Share (2024)	67.20%

Country-wise Insights

Countries	CAGR
India	11.90%
China	10.70%
Australia	6.40%
The United States	3.40%
Germany	2.80%

Clothing, footwear and accessories retailed by the Fast Fashion industry are increasingly making their way into consumers' wardrobes. Fast fashion goods are low-cost and made for mass consumption, emulating styles of fashion from runways and celebrities. Fast fashion retailers generally have sophisticated, vertically integrated supply chains that can minimise production times and capitalise on current and emerging fashion trends. Still, most industry products are imported and produced offshore using inexpensive textiles like polyester and often by exploiting labour. As fast fashion products don't often last more than one season, they end up in landfill. Even as fast fashion attracts significant demand, rising environmental concerns are renewing consumer interest in thrift stores, hindering the industry's performance. Household disposable income has risen over the past five years, including an expected uptick in 2024-25, boosting consumers’ purchasing power to spend on fast fashion items. The transition to multichannel retailing has also allowed fast fashion retailers to expand their revenue streams. Volatile consumer sentiment has encouraged consumers to look to lower priced items sold by market retailers. This string of factors has supported industry revenue, which is expected to have grown at an annualised 4.2% over the five years through 2024-25, to $2.7 billion. This includes an anticipated increase of 1.3% in 2024-25 as cost-of-living pressures encourage consumers to spend consciously at fast fashion outlets as opposed to rivals. Increasing competition from other retailers that sell clothing, like department stores, specialty retailers and online-only operators, is constraining profitability growth. Climbing disposable incomes are forecast to stoke revenue growth. Greater consumer demand and online shopping’s continued rise will embolden international labels to expand their presence in the domestic market. Meanwhile, global fast fashion brands are set to pursue a flagship or pop-up concept store model in the coming years, opting for a single establishment in a prime location with a significant floor space over numerous smaller outlets. The number of establishments per enterprise is projected to decline in line with this trend. Revenue is forecast to rise at an annualised 2.3% over the five years through 2029-30, to $3.0 billion.

Australia secondhand luxury goods market size reached USD 646.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,381.5 Million by 2033, exhibiting a growth rate (CAGR) of 8.36% during 2025-2033. The emerging popularity of thrifting stores, coupled with the rising number of resale platforms, is primarily driving the market growth across the country.

According to Cognitive Market Research, The Global UGG Boots market size will be USD 2.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.

The demand for UGG Boots is rising due to the rise in demand from men. 
Demand for Tall type remains higher in the UGG Boots market.
The Independent Retail Stores category held the highest UGG Boots market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific UGG Boots market will experience the strongest growth until 2030.

Changes in Lifestyles to Provide Viable Market Output

Changes in lifestyles are driving the UGG Boots Market by aligning with the modern consumer's need for comfort, warmth, and style. With an increasing emphasis on casual attire, remote work, and outdoor activities, UGG boots have become a staple in everyday wear.

As reported by the Thailand Textile Institute, Thailand witnessed imports of leather products amounting to approximately USD 1.4 billion in 2021. The value of imports of leather clothing and footwear into Thailand increased in comparison to the previous year.

Their versatility makes them suitable for both lounging and outdoor ventures, catering to evolving lifestyle preferences. The desire for cozy and practical footwear, combined with UGG's commitment to quality and sustainability, positions them as a sought-after choice, propelling market growth.

Increase In Social Media Marketing to Propel Market Growth

The UGG Boots Market is benefitting from the increase in social media marketing by leveraging influencers, celebrities, and user-generated content to showcase their products. Social media platforms enable brands to reach a vast audience, promoting UGG boots as a fashionable choice for various lifestyles.

As per World Footwear, in 2021, Asia was responsible for roughly 88% of global footwear production. This dominance is attributed to the region's substantial presence in the footwear manufacturing sector. The availability of cost-effective labor & raw materials enables manufacturers to produce footwear in large quantities at competitive prices.

Visual platforms like Instagram and TikTok play a pivotal role in shaping consumer trends and fostering demand for UGG boots. Social media also facilitates real-time engagement with customers, allowing brands to respond to preferences and maintain a strong online presence, which drives market growth.

Market Dynamics Of the UGG Boots

Key Drivers Of the UGG Boots

Strong Brand Recognition and Loyal Customer Base:

UGG, a brand under Deckers Outdoor Corporation, enjoys high brand equity built on its reputation for comfort, craftsmanship, and premium materials. Its strong presence in markets like North America, Europe, and parts of Asia contributes to consistent demand. Repeat customers and word-of-mouth marketing enhance brand retention, helping maintain a stable revenue stream even during off-peak seasons.

Rising Demand for Comfort and Casual Footwear:

The global shift toward comfort-driven lifestyles—especially after the COVID-19 pandemic—has increased the popularity of casual and loungewear-inspired footwear. UGG boots, known for their soft sheepskin lining and comfort-focused design, are well-aligned with this consumer preference. As work-from-home trends and hybrid lifestyles persist, consumers continue to favor products that blend relaxation with style, directly benefiting the UGG brand.

Key Restraints Of the UGG Boots

Seasonal and Weather-Dependent Sales Cycle:

UGG boots are predominantly winter products, with peak sales occurring during colder months. This seasonal nature makes the brand’s performance highly susceptible to weather variability. In regions experiencing milder winters or climate unpredictability, demand can weaken, leading to inventory challenges and revenue fluctuations.

Premium Pricing Limits Broader Market Penetration:

UGG boots are positioned as a high-end footwear choice, with price points that may deter budget-conscious consumers, particularly in emerging markets. While the brand appeals strongly to affluent and fashion-aware buyers, its limited affordability restricts growth in price-sensitive regions, thereby narrowing potential market expansion.

Key Trends Of the UGG Boots

Expansion into Year-Round and Fashion-Forward Categories:

To address seaso...

According to Cognitive Market Research, The Global Cowboy Boots market size is USD 0.285 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.

The demand for cowboy boots is rising due to the increasing demand from the fashion industry for western inspired clothing and accessories and growing popularity of country music and cowboy culture.
Demand for Men remains higher in the cowboy boots market.
The Western Boots category held the highest cowboy boots market revenue share in 2023.
Asia Pacific cowboy boots will continue to lead, whereas the North American cowboy boots market will experience the most substantial growth until 2030.

Market Dynamics of the Cowboy Boots Market:

Key Drivers of the Market

Western Fashion Resurgence to Provide Viable Market Output

The cowboy boots market is being driven by a resurgence in Western fashion trends. With a growing appreciation for cowboy aesthetics and a fusion of Western styles with mainstream fashion, consumers are increasingly embracing cowboy boots as versatile and stylish footwear. Influencers, celebrities, and fashion designers are showcasing cowboy boots in various settings, contributing to their popularity. This trend has expanded the market beyond traditional Western regions, attracting a diverse consumer base seeking a unique and iconic fashion statement.

Ariat pioneered the incorporation of athletic shoe technology into equestrian sports and has since become a prominent global player in equestrian footwear and apparel. The company has expanded its presence to the United States, Europe, and Australia, while also providing support to leading equestrian athletes across various disciplines.

(Source:www.ariat.com/about-us#:~:text=Ariat%20was%20founded%20as%20%E2%80%9CThe,of%20outdoor%20and%20work%20environments.)

Craftsmanship and Quality Materials to Propel Market Growth

Key drivers in the cowboy boots market include an emphasis on craftsmanship and the use of high-quality materials. Consumers are placing greater importance on durable, well-made boots that offer both style and functionality. Brands that prioritize authentic craftsmanship, utilizing premium leather and intricate detailing, are resonating with consumers seeking long-lasting, comfortable, and distinctive footwear. This focus on quality not only enhances the overall appeal of cowboy boots but also contributes to a perception of value, attracting consumers who appreciate the combination of fashion and durability in their footwear choices.

Ariat International, Inc., a fast-growing company that specializes in outdoor footwear and apparel and holds a prominent position in the worldwide equestrian market, has disclosed the sale of the company to the Fisher family of San Francisco, an existing shareholder, and a group of shareholders led by LNK Partners and Brentwood Associates who will manage the company.

(Source:www.prnewswire.com/news-releases/ariat-international-to-expand-partnership-with-an-existing-shareholder-157908745.html)

Restraint of the Market

Market Saturation and Niche Appeal to Restrict Market Growth

One of the key restraints in the cowboy boots market is the challenge associated with market saturation and niche appeal. While cowboy boots have experienced a resurgence in popularity, their distinct Western aesthetic may limit their mass-market adoption. The niche appeal of cowboy boots, rooted in Western culture, can result in a more limited consumer base compared to mainstream footwear trends. This exclusivity may pose challenges for brands to achieve widespread market penetration and could limit the sustained growth of the cowboy boots market, particularly in regions less culturally connected to Western traditions. Overcoming this niche perception and expanding the consumer demographic remains a notable restraint for the market.

Impact of COVID–19 on the Cowboy Boots Market

The cowboy boots market is being driven by a resurgence in Western fashion trends. With a growing appreciation for cowboy aesthetics and a fusion of Western styles with mainstream fashion, consumers are increasingly embracing cowboy boots as versatile and stylish footwear. Influencers, celebrities, and fashion designers are showcasing cowboy boots in various settings, contributing to their popularity. This trend has expanded the market beyond traditional Western regions, attracting a diverse co...