According to the latest business intelligence report with title ‘India Footwear Market- Analysis By Distribution Channel, By End User: Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, India footwear market was appraised at USD 9.7 billion in 2019 and is projected to grow with a CAGR of 8.28% over 2020-2025.
 

Emphasis among the manufacturers towards premiumization of footwear, along with shift in consumer preference from local & unbranded products to branded ones, owing to improved spending capacity, are impelling the growth of India footwear market. Booming populace with higher rate of literacy, in consort with rapid urbanization are further augmenting the market outlook.
 

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There has been an upsurge in workforce participation in designing the product and improving brand awareness, which is acting as growth catalyst for India footwear industry scenario.
 

Apart from highlighting the favoring factors and profitable prospects, the report expounds on the challenges dormant in the industry sphere, while offering contingency plans and tactics to convert bottlenecks into opportunities.
 

Based on distribution channels, India footwear market is segmented into e-commerce, MBO (management by objectives), LFS (large format store), EBO (exclusive brand outlets), and traditional. Among these, e-commerce segment is slated to grow substantially over 2020-2025, owing to rising internet penetration.
 

Speaking of end-user terrain, the marketplace is classified into men, women, and children. As per the report, India footwear industry share from women end-users is reckoned to record modest growth through 2025.
 

The study documents the market share held by different segments in the past and their contribution towards overall industry remuneration by the end of forecast period. It further speculates that increasing investments by leading players in order to expand their product portfolio and amplify customer base is boosting India footwear market expansion.
 

Companies influencing India footwear market trends are Liberty Shoes Ltd., Khadim India Ltd., Paragon Footwear, Relaxo Footwears Limited, and Bata India Ltd. These industry behemoths are constantly indulging product innovations, collaborations & partnerships, and acquisitions to maintain their stronghold in the business sphere.