Over the five years through 2024-25, revenue from specialist footwear retailers is forecast to shrink at a compound annual rate of 3.7%, contracting to an estimated £4.2 billion. The soaring popularity of online shopping post-lockdown is the main culprit for this dip in performance. However, recent economic volatility has also pushed customers into the arms of more budget-friendly competitors such as supermarkets, department stores and clothing retailers as people think twice before buying a new pair of shoes. In 2024-2025, revenue is forecast to inch upwards by 0.6%. Stabilising prices and recovering real disposable incomes are diminishing the appeal of budget-friendly competitors and allowing consumers to return to their typical and more flamboyant footwear spending habits, which entails a faster replacement rate and potentially opting for more high-end items. Profit has teetered in recent years with the industry struggling to stay afloat amid the COVID-19 outbreak and the cost-of-living crisis, both of which plagued the retailer sector as a whole. Closure of loss-making branches and the development of online platforms to go alongside retailers’ stores has helped relieve wage and rental cost pressure as well as expand cost-efficient revenue streams. Over the five years through 2029-2030, revenue is forecast to expand at a compound annual rate of 1.5%, growing to an estimated £4.5 billion. Although external competition will remain fierce, continued economic recovery will level the playing field at the lower end of the market, with the attractiveness of budget-friendly competitors dwindling. Mounting concerns over fast fashion, fair labour practices and geopolitical tensions may push consumers further away from budget competitors who typically source overseas to specialist retailers offering top-quality UK-manufactured footwear. The continued development of multichannel shopping experiences as well as the potential for shoe recycling schemes will help boost industry sales by distinguishing specialist retailers via non-price avenues.

This statistic shows the number of enterprises for the manufacture of footwear in the United Kingdom (UK) from 2008 to 2023. In 2023, there were *** footwear manufacturers in the UK, decreasing by over ** from the previous year.

The industry is expected to register steady growth during the next decade due to fashion trends changing, rising disposable incomes, and the growing influence of e-commerce. The valuation is expected to reach approximately USD 2,379.5 million by 2025 and approximately USD 4,215.4 million by 2035, and the industry is expected to expand at a compound annual growth rate (CAGR) of 5.9% during the forecast period.

Competitive Outlook

The revenue in the 'Footwear' segment of the fashion e-commerce market in the United Kingdom was modeled to stand at ************ U.S. dollars in 2024. Between 2017 and 2024, the revenue rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************ U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Footwear.

UK Athletic Footwear market was valued at more than USD 5.50 Billion in 2022,increasing technology in athletic footwear with development of digital technology.

This industry includes retailers that sell athletic shoes, such as running shoes, basketball shoes and trainers. These stores may also sell apparel. Used goods and online-only operators are excluded from the industry.

Forecast: Waterproof Footwear Market Size Value in the UK 2023 - 2027 Discover more data with ReportLinker!

Analysis of the UK footwear market from 2024-2035, forecasting a +3.5% volume CAGR to 395M pairs and +4.8% value CAGR to $6.3B, with insights on consumption, production, imports, exports, and key product categories.

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Footwear Market Size 2025-2029

The footwear market size is valued to increase USD 103.6 billion, at a CAGR of 4.2% from 2024 to 2029. Design and material innovations leading to product premiumization will drive the footwear market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 47% growth during the forecast period.
By Product - Non-athletic footwear segment was valued at USD 247.20 billion in 2023
By End-user - Men segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 68.01 billion
Market Future Opportunities: USD 103.60 billion
CAGR from 2024 to 2029 : 4.2%

Market Summary

The market encompasses a dynamic and ever-evolving industry, driven by advancements in core technologies and applications, service types, and product categories. Technological innovations, such as 3D printing and smart shoes, are revolutionizing footwear production and design, leading to product premiumization. The increasing demand for customized footwear, fueled by consumer preferences for personalized comfort and style, further propels market growth. However, the industry faces challenges including rising labor costs and fluctuating raw material prices. According to a recent study, the custom the market is projected to reach a 20% share of the overall the market by 2026. This trend underscores the importance of staying informed about the latest design and material innovations, regulatory developments, and regional market dynamics shaping the footwear industry.

What will be the Size of the Footwear Market during the forecast period?

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How is the Footwear Market Segmented ?

The footwear industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductNon-athletic footwearAthletic footwearEnd-userMenWomenChildrenDistribution ChannelOfflineOnlineMaterialLeatherNon-LeatherGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Product Insights

The non-athletic footwear segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of products, with non-athletic footwear holding the largest market share. This segment comprises casual, fashion, and formal/work footwear categories. Key drivers fueling the demand for non-athletic footwear include the increasing consumer focus on fashion trends and the emergence of trendy shoes in the men and children's segments. Additionally, the rise of private-label brands offers high-quality products at competitive prices, further boosting market growth. Moreover, non-athletic footwear caters to various occasions and purposes, leading to high consumer demand across all age groups. Generation Z and millennials, in particular, show a significant preference for multiple pairs of non-athletic footwear. Pattern cutting and stitching techniques play a crucial role in footwear manufacturing, ensuring proper fit and comfort. Traction outsole designs and lightweight materials contribute to footwear's functionality and appeal. Comfort metrics, such as footwear ergonomics principles and breathability testing, are essential considerations for both manufacturers and consumers. Upper material selection and sole material properties are essential aspects of footwear construction. Footwear sizing standards ensure proper fit and customer satisfaction. Flexible outsole designs, motion capture analysis, and impact absorption systems enhance footwear performance and durability. Footwear assembly lines employ advanced technology, such as footwear design software, material science, and production automation, to streamline the manufacturing process and improve quality control. Sustainable footwear materials and athletic footwear engineering are emerging trends, with insulation properties and waterproofing footwear fabrics becoming increasingly popular. The footwear industry anticipates a steady growth trajectory, with market expansion expected in various sectors. For instance, the demand for comfort footwear technology and arch support mechanisms is on the rise. Leather tanning methods continue to evolve, offering more eco-friendly alternatives. Specifically, the non-athletic the market is projected to expand by 15.3% in the next year, while the overall footwear industry is expected to grow by 11.7%. These figures underscore the market's continuous evolution and the ongoing importance of innovation and consumer preferences.

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The Non-athletic footwear segment was valued at USD 247.20 billion in 2019 and

United Kingdom (UK) Footwear Market is expected to grow during 2025-2031

Comparing the segments of the footwear market in the United Kingdom in 2024 regarding the volume, boots were the largest segment with around ************** pairs. The segment sneakers followed in second place with approximately ************* pairs, while gym & training ranked third with about ************* pairs.

In UK Footwear Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

The United Kingdom footwear market reached approximately USD 4.37 Million in 2024. The market is projected to grow at a CAGR of 5.40% between 2025 and 2034, reaching a value of around USD 7.39 Million by 2034.

Forecast: Production in Footwear Sector in the UK 2024 - 2028 Discover more data with ReportLinker!

Discover the latest trends in the UK footwear market as demand continues to rise, leading to projected growth in both volume and value over the next decade.

Number of Businesses statistics on the Footwear Retailers industry in the UK

Learn about the expected growth in the footwear market in the UK over the next decade, driven by rising demand. Explore projections for market volume reaching 352M pairs and market value reaching $4.5B by 2035.

Learn about the expected upward trend in the UK footwear market, with a projected increase in market volume and value by 2035.

Forecast: Turnover in Footwear Sector in the UK 2024 - 2028 Discover more data with ReportLinker!

United Kingdom (UK) Sports Footwear Market is expected to grow during 2025-2031