The Footwear Segment in Germany registered Sales value of USD 12,012.71 million in 2023
The indicator recorded a historical growth (CAGR) of 4.98% between 2020 to 2023, 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 German footwear retail market experienced a sharp drop in value during 2020 but is expected to rebound with strong growth anticipated in 2021 and moderate growth throughout the remaining forecast period. In recent years, positive macroeconomic environment, rising real household consumption levels, as well as footwear’s essential nature, have helped drive growth in the market. The German economy has been relying on private consumption and construction for economic growth which has benefited footwear retailers with consumers supported by a solid labor market, record-low interest rates and rising wages, more likely to spend money on shoes.
The footwear market is expected to rebound in 2021 as vaccines are rolled out and the German economy and retail sector reopen without restrictions.
Market Segmentation
Women's footwear is the largest segment of the footwear market in Germany, accounting for a significant position in the market's total value.
The Men's footwear segment accounts have further the leading share in footwear market in Germany.
Germany footwear market category segmentation
Market distribution
Clothing, Footwear and Accessories Specialists form the leading distribution channel in the German footwear market, accounting for a significant share of the total market's value. Online Specialists accounts for a further prominent share of the market.
Germany footwear market distribution
Leading Retailers in Clothing and Footwear in Germany
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United Kingdom
United States of America
Germany
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Taiwan
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