The Footwear Segment in China registered Sales value of USD 77,883.64 million in 2024
The indicator recorded a historical decline (CAGR) of 1.82% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow ...
The footwear market consists of the total revenues generated through the sale of all types of men's, women's and children's shoes. It includes all footwear categories for men, women, boys and girls, but excludes sports-specific footwear.
The Chinese footwear retail market experienced strong growth during the historic period that was offset by a sharp drop in value during 2020. The market is expected to recover with strong growth in 2021 which will continue over the forecast period.
Although Chinese footwear retailers have suffered in 2020, the market is expected to make a strong recovery over the forecast period. In comparison to some countries, China was able to recover from the pandemic relatively quickly by imposing some of the world’s strictest lockdown restrictions. This has allowed the market and consumer habits to return to normal, helping facilitate a recovery in the retail sector. With the market starting to recover in the final quarter in 2020, it can expect strong growth to return in 2021 and beyond. Chinese footwear manufacturers have large operations in China which means there is less disruption caused to supply chains for Chinese retailers.
Footwear Market Geography Segmentation
China accounts for a significant position in the Asia-Pacific footwear market value.
Japan is another notable country in the footwear market in the Asia-Pacific region.
Market Distribution
Clothing, Footwear and Accessories Specialists have leading share in market distribution channel.
Online Specialists, Hypermarkets, Supermarkets & Hard Discounters and Department Stores are other channels involved in market distribution of footwear in China.
Leading Women’s footwear brands
Switzerland
Germany
United States of America
United Kingdom
Taiwan
United States of America
United States of America
Germany
Italy
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