PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616143
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616143
Shoe Care Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Shoe Care Market was worth USD 4.74 billion in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032 due to innovation in shoe care products, including advanced cleaning solutions, protective sprays, and eco-friendly formulations. As manufacturers develop more effective and specialized products, consumers are more inclined to invest in footwear maintenance. Also, the increase in disposable income allows consumers to prioritize premium and innovative shoe care options over basic products. This combination of product innovation and greater financial flexibility is likely to lead to substantial growth in the shoe care industry size.
The overall shoe care market is classified based on product, application, price, sales channel, and region. The shoe polish segment captured a 58.94% market share in 2023, propelled by its essential role in maintaining and enhancing the appearance of various types of footwear. As consumers prioritize the longevity and aesthetic appeal of their shoes, traditional and modern polishing solutions are increasingly favored. Besides, the growing trend of formal and business attire boosts the demand for shoe polish among professionals.
With a diverse range of products, from creams to spray polishes, this segment will see sustained growth and prominence in the market. The formal shoes segment will establish USD 4.12 billion by 2032, driven by the increasing emphasis on professional appearance and attire in various industries. As more individuals seek high-quality formal footwear for business and special occasions, the demand for specialized care products such as polishes, cleaners, and protectors has surged. Additionally, the growing trend of workplace formality and the rise of corporate events further elevate the need for maintaining formal shoes, solidifying this segment's leading position in the shoe care industry.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $4.74 Billion |
| Forecast Value | $7.26 Billion |
| CAGR | 5% |
North America shoe care market will capture USD 2.12 billion and 6% CAGR during 2024 and 2032, fueled by high consumer spending on premium footwear and accessories. The region's well-established retail industry, combined with a strong presence of top shoe care brands, enhances accessibility and product availability. Moreover, rising awareness around footwear maintenance, fueled by fashion trends and sustainability concerns, supports increased demand for shoe care items. As disposable income rises, North America will remain a key contributor to the global shoe care industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Regulatory landscape
- 3.3 Impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Increase in the practice of shoe maintenance in the young generation
- 3.3.1.2 Increase in demand for premium shoes
- 3.3.1.3 Increase in focus on personal hygiene
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Price sensitive consumer
- 3.3.1 Growth drivers
- 3.4 Technological overview
- 3.5 Growth potential analysis
- 3.6 Pricing analysis
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2032, (USD Billion) (Million Units)
- 5.1 Key trends
- 5.2 Shoe polish
- 5.3 Shoe clean
- 5.4 Shoe care accessories
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2032, (USD Billion) (Million Units)
- 6.1 Key trends
- 6.2 Formal shoes
- 6.3 Casual shoes
- 6.4 Sports shoes
- 6.5 Others
Chapter 7 Market Estimates & Forecast, By Price, 2021 - 2032, (USD Billion) (Million Units)
- 7.1 Key trends
- 7.2 Low
- 7.3 Medium
- 7.4 High
Chapter 8 Market Estimates & Forecast, By Sales Channel, 2021 - 2032, (USD Billion) (Million Units)
- 8.1 Key trends
- 8.2 Online
- 8.3 Offline
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032, (USD Billion) (Million Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
Chapter 10 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
- 10.1 Allen Edmonds Corporation
- 10.2 Angelus Shoe Polish
- 10.3 C.P. Marketing Inc.
- 10.4 Caleres
- 10.5 Charles Clinkard
- 10.6 GRANGERS
- 10.7 Griffin Shoe Care
- 10.8 Implus Footcare, LLC
- 10.9 Payless ShoeSource Inc.
- 10.10 S. C. Johnson & Son, Inc.
- 10.11 Salamander
- 10.12 Salzenbrodt GmbH & Co. KG
- 10.13 Schuhhaus Klauser GmbH & Co. KG
- 10.14 Shinola
- 10.15 TRG Shoe Cream
