PUBLISHER: IMARC | PRODUCT CODE: 1636356
PUBLISHER: IMARC | PRODUCT CODE: 1636356
The global footwear manufacturing machines market size reached USD 22.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 31.5 Billion by 2033, exhibiting a growth rate (CAGR) of 3.84% during 2025-2033. Increasing sales of superior quality footwear, rising adoption of sustainable materials, and the growing social media influence represent some of the key factors driving the market.
Footwear is worn on the feet for protection and providing comfort and it comprises athletic shoes, non-athletic shoes, boots, sandals, and slippers, which can be made in several sizes and shapes to fit different feet. It is manufactured using various materials, such as leather, wood, canvas, jute, plastics, and rubber. It involves the use of multiple machines and equipment, such as cutting machines, stitching machines, lasting machines, and finishing equipment, in the manufacturing process. At present, the growing popularity of high-end fashion brands as a status symbol is influencing the demand for footwear manufacturing machines positively across the globe. Besides this, the increasing use of automation and robotics in footwear manufacturing for several tasks, such as material handling, stitching, and quality inspection, to reduce labor costs and improve efficiency is catalyzing the demand for these machines worldwide.
Increasing sales of superior quality footwear on account of the improving living standards and expanding purchasing power of individuals represent one of the major factors driving the demand for footwear manufacturing machines around the world. Moreover, due to the rising environmental impact, several footwear manufacturers are adopting the use of sustainable materials, such as recycled and plant-based materials, to minimize carbon footprints. In line with this, footwear companies are offering customization options for footwear to enhance the experience of the individual. Additionally, the growing influence of social media, changing fashion and aesthetic trends, and the flourishing fashion industry is influencing the market positively. Apart from this, there is a rise in the integration of artificial intelligence (AI), machine learning (ML), sensors, the internet of things (IoT), and 3D printing technologies in footwear manufacturing machines to analyze data and optimize the production process. These advanced technologies also help monitor, control, and identify patterns and trends in the data and detect potential issues and areas for improvement. This, along with the advent of computer aided design (CAD) and computer aided manufacturing (CAM) software to enable greater precision and efficiency in the production process, is propelling the growth of the market. Furthermore, the easy availability of footwear across e-commerce platforms is creating a positive outlook for the market.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.