Casual Shoes Market

Casual Shoes Market Outlook (2022 to 2032)

As per newly released data by Future Market Insights (FMI), the Casual Shoes Market is estimated at USD 168.3 million in 2022 and is projected to reach USD 241.9 million by 2032, at a CAGR of 3.7% from 2022 to 2032.

Attribute	Details
Estimated Casual Shoes Market Size 2022	USD 168.3 Million
Projected Casual Shoes Market (2032) Market Size	USD 241.9 Million
Value CAGR (2022 to 2032)	3.7%

Key Points Covered in Casual Shoes Market Survey

• Market estimates and forecast 2017 to 2032
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Custom Shoes Market and How to Navigate
• Recommendation on Key Winning Strategies

2017 to 2021 Casual Shoes Market Outlook Compared to 2022 to 2032 Forecast

Casual shoes are less formal than other styles of shoes. They may be built of less costly materials and have a simpler style. Casual shoes are frequently worn for activities such as strolling, running, and participating in sports. They can also be worn to more formal occasions when a less formal appearance is desired. They are frequently worn with jeans or other casual attire. Casual shoes are available in a range of styles, such as sneakers, loafers, and slip-on.

Casual shoes have the advantage of providing excellent foot support, and ladies can wear them while jogging or participating in other high-impact activities. Another benefit of casual shoes is their versatility. They may be used for walking exercise as well as on casual days at work.

Most casual shoes cover the majority of the foot providing extra safety and support. They are composed of a permeable material known as mesh. This substance absorbs moisture from the feet, preventing them from stinking and developing fungal infections.

What are the growth influencing factors in casual shoes market?

Increasing per capita income is fuelling the casual shoes industry. People may now purchase exquisite and expensive brands of casual shoes due to increased income and financial independence. This element is generating a profitable market for casual shoes. Rapid urbanization and improving economic conditions in emerging nations, notably in Africa, Asia, and the Middle East, are paving the way for the global casual shoes market to thrive.

The introduction of fresh designs, ideas, and concepts into the casual shoes market is also propelling its global expansion. Another element influencing the casual shoe industry is the growing popularity of eco-friendly footwear. Sneakers are an excellent example of eco-friendly casual wear, and vegan versions are available on request. However, several factors are impeding the growth of the global casual shoes market.

What factors are restraining the growth of casual shoes market?

The profitability in the casual shoes market is decreasing owing to higher manufacturing costs, and this aspect is the most significant impediment to the expansion of the global casual shoes market. Another factor limiting market expansion is fierce rivalry among footwear producers. While the presence of counterfeit brands endangers the reputation of key manufacturers and hampers the market.

Additionally, casual shoes are worn in informal settings and cannot be worn with professional or traditional clothes, creating a barrier. Other styles of footwear, such as formal, traditional, and sandals, are also popular with customers. Furthermore, fashion trends change often, all of which are expected to stymie the expansion of the global casual shoes market.

Country-wise Insights

What is the scenario of the casual shoes market in Italy?

Carlos Santana Relaunches His Fashion Footwear Line

Carlos is a women's fashion footwear company founded by the Rock and Roll Hall of Fame inductee Carlos Santana, will be relaunched next month in collaboration with original brand stewards Gary Rich and Rick Gelber. They have launched the Jubilation LLC partnership, which will administer the brand. Santana's namesake shoe label began in 2001, under license with St. Louis-based footwear manufacturer Brown Shoe Co. (now Caleres). The collection quickly became a smash hit, selling in department shops and big retail chains across the USA and beyond. However, it was closed in 2019 after a nearly two-decade run after Caleres made various adjustments to its brand portfolio.

What is the state of the casual shoes market in India?

Regional companies are collaborating with international players to enhance their reach

Biion makes EVA shoes that are lightweight, comfy, and multifunctional. The shoes are ventilated with little BioVents and feature anti-microbial characteristics, making them suitable for professionals who must be on their feet for lengthy periods of time. Their HEXTRA-GRIP traction outsoles are exceptionally low-profile, providing the greatest connection to the ground with the perfect balance.

Metro Brands Limited (MBL), one of India's top footwear retailer specialists, has formed a strategic alliance with the Canadian footwear firm Biion to introduce their varied range to the nation. The collection of premium footwear mixes technology and function to create stylish shoes for the demand of high performance from the population's lifestyle.

Metro Brands will especially showcase Biion footwear through their shops of Mochi and Metro which utilize top strategies to attract customers, as well as the online shopping site that caters to this highly narrow consumer base, as part of this launch.

How are the global key players losing their position in the Chinese casual shoes market?

Made-in-China brands are gaining popularity in China

Regardless of how long Adidas and Nike have been around, their reign in Chinese shoe culture may be going to an end. The market capitalization of the top players shows how swiftly the Made in China brand has developed.

Furthermore, challenges with the shoe industry's supply chain caused by the epidemic and Chinese regulations are disrupting the long-established global balance. Without a doubt, China's development policies are accelerating. It's almost unbelievable to imagine that over 50 years have gone between Adidas and Nike, and the two Chinese competitors Li-Ning and Anta.

Category-wise Insights

Which closure type is mainly preferred by the consumers?

Lace-up shoes are mainly preferred by consumers

The most common form of footwear is lace-up shoes. They are held together by the lace that is threaded through lugs or eyelets, as the name indicates. Because of the fundamental method of tying, this sort of shoe is favored by the majority of buyers. People like to wear their laces in various patterns through eyelets. As a result, lace-up shoes are the most popular among consumers.

Which segment will have the most consumers on the basis of consumer orientation?

Men tend to opt for casual shoes for daily use

The market was headed by the man casual shoe application category, which accounted for more than half of the entire share. Male adults have a larger demand than female adults due to their higher engagement rate in sports and physical activities. Furthermore, males are more likely to participate in outdoor activities such as hiking, bicycling, camping, and so on, which contributes to the demand for comfortable shoes with adequate support and grip.

Which sales channel is most popular among consumers?

Consumers favor online stores the most.

E-commerce platforms have risen in popularity in recent years, allowing buyers to choose from a wide range of shoes for casual use based on their preferences and desires. Customers choose their shoes based on the activities they want to participate in. Furthermore, sneaker lovers are very interested in owning the most trending and latest pair of sneakers, which are initially made available through online shops by the manufacturers on their official websites.

Competitive Landscape

To attract more clients, top companies in the casual shoes market are focusing on and implementing unique techniques. While regional enterprises collaborate with important actors to meet the needs of customers.

For Instance:

The Nike Sportswear team unveiled one of their newest women's options, the Dunk Low Disrupt, to the globe. This newest version, a modernized spin on one of the Swoosh's legendary basketball-turned-lifestyle styles, definitely retains enough heritage-inspired DNA to recognize its muse.

Scope of Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USD Million for Value
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa(MEA)
Key Countries Covered	USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.
Key Segments Covered	Closure Type, Application, Consumer Orientation, Sales Channel, and Region.
Key Companies Profiled	Adidas Group; Nike Inc.; New Balance; ASICS; PUMA SE; Under Armour, Inc.; Li Ning Company Ltd.; ECCO; China Dongxiang (Group) Co., Ltd.; 361 Degrees International Limited.; Vans; Converse
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Casual Shoes Market by Category

By Closure Type, the Casual Shoes Market is segmented as :

• Laces
• Velcro
• Straps
• Zippers

By Application, the Casual Shoes Market is segmented as :

• Sports
• Lifestyle
• Competition

By Consumer Orientation, Casual Shoes Market is segmented as :

• Men
• Women

By Sales Channel, Casual Shoes Market is segmented as :

• Multi-brand Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channel

By Region, Casual Shoes Market is segmented as :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

What is the current Casual Shoes market value?

The Casual Shoes market reached a valuation of USD 168.3 Million in 2021.

At what rate did the Casual Shoes market grow between 2017 and 2021?

The Casual Shoes market grew at 3.0% CAGR between 2017 and 2021.

What are the key trends driving Casual Shoes sales?

The demand for more comfortable and cutting-edge footwear is one of the main drivers driving the growth of the global Casual Shoes industry, along with peoples' better lifestyles and rising disposable income.

Who are the leading players in the Casual Shoes market?

Leading players operating in the Casual Shoes market are Adidas Group, Nike Inc., New Balance, ASICS, PUMA SE, Under Armour, Inc., Li Ning Company Ltd., ECCO, China Dongxiang (Group) Co., Ltd., 361 Degrees International Limited, Vans, and Converse among others.