USD 17.05 billion
Indian Footwear Market Size, Share, and Growth Analysis
Indian Footwear Market By Product (Casual, Mass), By Mode Of Sale (Offline, Online), By Material (Rubber, Leather), By Distribution Channel (Footwear Specialists, Online Sales), By Pricing, By End-User- Industry Forecast 2025-2032
Report ID:
SQMIG25L2018 |
Region:
Global |
Published Date: February, 2025
Pages:
219
|Tables:
64
|Figures:
73
Format -
Indian Footwear Market Insights
Indian Footwear Market size was valued at USD 17.05 billion in 2023 and is poised to grow from USD 19.25 billion in 2024 to USD 50.81 billion by 2032, growing at a CAGR of 12.9% during the forecast period (2025-2032).
Footwear refers to any human-made piece of product that is designed to be worn on feet to protect it and offer other benefits such as mobility and stability to humans. The rapidly increasing population in India makes it a highly rewarding market for footwear suppliers. Increasing disposable income and growing availability of different footwear products from world-renowned brands are also slated to promote Indian footwear market growth in the future. availability of cheap raw materials and labor also makes India a highly opportune space for footwear manufacturers. Changing consumer preferences and evolving lifestyles of people in India are also slated to affect sales of footwear in the country across the forecast period and beyond. However, counterfeit and imitation products are slated to hurt Indian footwear market growth in the long run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Offline
Fastest Growth
Online
Growth Rate
12.9% CAGR
Indian Footwear Market ($ Bn)
Country Share for South India Region (%)
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Indian Footwear Market Segments Analysis
Indian Footwear Market is segmented by Product, Mode Of Sale, Material, Distribution Channel, Pricing, End-User. Based on Product, the market is segmented into Casual, Mass, Active/Sport, Leather and Non-Leather. Based on Mode Of Sale, the market is segmented into Offline and Online. Based on Material, the market is segmented into Rubber, Leather, Plastic, Fabric and Others. Based on Distribution Channel, the market is segmented into Footwear Specialists, Online Sales, Supermarkets and Hypermarkets, Departmental Stores, Clothing Stores and Others. Based on Pricing, the market is segmented into Premium and Mass. Based on End-User, the market is segmented into Women, Men and Kids.
Analysis by Sales Channel
Offline channels account for most sales of footwear in the Indian market at present. The presence of well-established retail infrastructure and preference of consumer to test the product for fit and feel before purchase is all contributing to the dominance of offline sales channels in the Indian footwear marketplace.
However, the sales of footwear in India via online channels are projected to increase at a robust pace over the coming years. Increasing penetration of smartphones and internet in India has led to a boom in the e-commerce space of the country and this is projected to boost growth of this segment in the future.
Indian Footwear Market By Distribution Channel
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Indian Footwear Market Regional Insights
South India is projected to account for a dominant share of the Indian footwear marketplace. The presence of key footwear production facilities in this region is what allows it to hold a dominant stance in the Indian footwear market. Rising awareness regarding fitness and changing consumer preferences of people in this region are also contributing to the growing sales of footwear. Tamil Nadu is the leading producer of footwear in this region with Chennai and Ambur being the top footwear-producing cities in this South Indian state.
North India is estimated to emerge as the fastest-growing region in the Indian footwear market over the coming years. Increasing population density and growing disposable income of people in this region are key factors driving market growth. Delhi is projected to be the most lucrative city in this region for Indian footwear providers. Presence of a good, developed retail infrastructure is what allows Delhi to be a prominent market for footwear in the North Indian region.
Indian Footwear Market By Region
- Largest
- Fastest
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Indian Footwear Market Dynamics
Drivers
Rising Disposable Income
- The disposable income of people in India is increasing rapidly as people are earning more from their primary and secondary income sources. This increased income is being used to improve people’s lifestyles and thereby promoting sales of footwear and other products in India.
Rapid Urbanization
- Urbanization is a key trend that is estimated to bolster the demand for footwear in India over the coming years. As urbanization increases it also affects consumer preferences and purchasing power, which in turn, favors sales of footwear products as well.
Restraints
Counterfeit Products
- The abundance of imitation and counterfeit footwear products in India is a key constraint for the overall Indian footwear market growth as this hurts the brand image of genuine footwear companies and also hurts their sales.
Price Sensitivity
- The Indian footwear market is highly sensitive to pricing and price changes as more people that purchase products belong to middle or lower income classes. These people are very particular about pricing of their products and this is why price sensitivity sometimes hurts the profits of footwear providers.
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Indian Footwear Market Competitive Landscape
Leading Indian footwear providers can focus on the development and launch of new products with better designs that are also affordable for the Indian consumer base. Companies can also experiment with organic and inorganic marketing strategies to improve their sales and revenue generation potential in the future. Indian footwear brands can also partner and collaborate with international brands to create innovative new limited edition products that will help them stand out from the competition.
Top Players in Indian Footwear Market
- Metro Brands Limited (India)
- Bata India Limited (India)
- Relaxo Footwears Limited (India)
- RedTape Limited (India)
- Campus Activewear Limited (India)
- Liberty Shoes Limited (India)
- Khadim India Limited (India)
- Mirza International Limited (India)
- Sreeleathers Limited (India)
- Superhouse Limited (India)
- Bhartiya International Limited (India)
- Mayur Uniquoters Limited (India)
- Phoenix International Limited (India)
- Lakhani India Limited (India)
- Action Shoes Limited (India)
- Paragon Footwear Industries (India)
- VKC Group (India)
- Ajanta Footcare (India) Pvt. Ltd. (India)
- Lehar Footwears Limited (India)
- Tirubala International (India)
Recent Developments
- In March 2024, Yoho, a leading D2C footwear brand, announced the launch of its hands-free sneakers in the Indian marketplace. Blinc was made available in different colors for women as well as men.
- In April 2024, Farida Group, a Chennai-based organization, launched its premium Gordon & Bros leather shoe in the Indian market. The company intended to capitalize on the growing demand for premium footwear in India.
- In February 2024, Thomas Crick, a renowned British heritage brand in footwear launched its products in the Indian market. Addison Tan Chelsea Boots and Boyice Tan Monk Shoe were some feature products launched.
Indian Footwear Key Market Trends
- Shift Towards Online Sales Channel: Indian footwear companies should focus on maximizing their sales via online channels as digitization picks up pace in India. Indian footwear market players should also focus on increasing their product availability on different online marketplaces other than their own websites to capture the full potential of online retail channels.
Indian Footwear Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, increasing disposable income and changing consumer preferences are estimated to be key factors driving Indian footwear market development. However, the high availability of counterfeit products and price sensitivity are slated to be key restraints for Indian footwear market growth in the long run. Indian footwear brands should focus on maximizing their sales via online channels to amplify their revenue generation potential in the long run. South India is estimated to account for a majority share of the Indian footwear market owing to the presence of key footwear production facilities in this region.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 17.05 billion |
| Market size value in 2032 | USD 50.81 billion |
| Growth Rate | 12.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Indian Footwear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Indian Footwear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Indian Footwear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Indian Footwear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Indian Footwear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Indian Footwear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Indian Footwear Market Report Snapshots
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