IMARC Group, a leading market research company, has recently releases report titled “GCC Footwear Market Report by Product (Non-Athletic Footwear, Athletic Footwear), Material (Rubber, Leather, Plastic, Fabric, and Others), Distribution Channel (Footwear Specialists, Supermarkets and Hypermarkets, Departmental Stores, Clothing Stores, Online Sales, and Others), Pricing (Premium, Mass), End User (Men, Women, Kids), and Country 2024-2032”, The study provides a detailed analysis of the industry, including the GCC footwear market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the GCC Footwear Market?
The GCC footwear market size reached US$ 4.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.59% during 2024-2032.
| Report Attribute | Key Statistics |
|---|---|
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Size in 2023 | US$ 4.8 Billion |
| Market Forecast in 2032 | US$ 6.6 Billion |
| Market Growth Rate 2024-2032 | 3.59% |
GCC Footwear Market Trends and Drivers:
Growing disposable incomes as well as changing consumer preferences toward fashion and lifestyle products are the factors responsible for the growth of the GCC footwear market. Additionally, the market is propelling as consumers are highly interested in spending on premium and branded footwear. Besides this, the influx of international brands and the expansion of retail infrastructure, including luxury malls and online shopping platforms, are making a wide variety of footwear options more accessible to GCC consumers, further bolstering the market. Moreover, the popularity of athleisure and fitness culture is boosting demand for sports and casual footwear, reflecting a shift towards more versatile and comfortable shoe choices.
Technological advancements and sustainability initiatives are also significant drivers in the GCC footwear market. In addition to this, innovations in materials and manufacturing processes are enabling brands to offer high-performance and aesthetically appealing footwear that meets the diverse needs of consumers, which is acting as another growth-inducing factor. The market is positively impacted by the growing awareness of sustainability, which is prompting both global and regional brands to adopt eco-friendly practices such as using recycled materials and reducing carbon footprints in their production processes. Furthermore, the integration of e-commerce and digital marketing strategies is enhancing consumer engagement and driving sales as shoppers increasingly prefer the convenience and variety offered by online retail, thereby escalating the market. Initiatives taken by government authorities aimed at promoting economic diversification and supporting retail sectors are also contributing to the growth that is anticipated to drive the GCC footwear market over the forecasted period.
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GCC Footwear Market Report Segmentation:
The report is organized into distinct sections as follows:
Breakup by Product:
- Non-Athletic Footwear
- Athletic Footwear
Non-athletic footwear represents the largest market segment in the GCC footwear market because of its versatile appeal. While athletic footwear is popular for sports and exercise, non-athletic footwear includes a wide range of styles suitable for everyday wear, formal occasions, and work, catering to a broader consumer base.
Breakup by Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Leather is the largest market segment in terms of material due to its enduring popularity in the GCC region. Leather footwear is highly regarded for its quality, durability, and luxury appeal, making it a preferred choice among consumers looking for stylish and long-lasting footwear options.
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
Footwear specialists constitute the largest distribution channel in the GCC footwear market. These specialized stores offer a wide selection of footwear brands and styles, providing consumers with expert guidance and a dedicated shopping experience, which resonates with shoppers seeking a diverse range of choices.
Breakup by Pricing:
- Premium
- Mass
Mass pricing is the largest market segment because it caters to a broad consumer base in the GCC region. Most consumers are price-conscious and prefer affordable footwear options that offer good value for their money.
Breakup by End User:
- Men
- Women
- Kids
Women represent the largest market segment in the GCC footwear market as they tend to have a more extensive and diverse collection of footwear compared to men. Additionally, women often purchase footwear for various occasions, including formal events, casual outings, and daily wear.
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Saudi Arabia is the largest market in the GCC footwear market due to its large population, strong economic presence, and diverse consumer base. The country's thriving retail sector, including luxury shopping destinations, contributes significantly to its status as the largest footwear market in the region.
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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