HomeBusiness NewsGCC Footwear Market Size, Share, Growth, Top Companies Analysis, Report 2024-2032

GCC Footwear Market Size, Share, Growth, Top Companies Analysis, Report 2024-2032

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 share, size, trends, 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.

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GCC Footwear Market Growth:

The GCC footwear market is experiencing significant growth, driven by rising disposable income levels and the growing fashion consciousness among consumers. Apart from this, the increasing preference for premium brands among the affluent population in GCC is also catalyzing the market growth. Additionally, the footwear market across the country is further propelled by the expanding retail sector, owing to the growing number of shopping malls and e-commerce platforms. In line with this, the market is also positively influenced by the increasing millennial population in the country who are keen on following the latest trends in footwear.

GCC Footwear Market Report Segmentation:

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.

GCC Footwear Market Trends:

Emerging trends in the GCC footwear market include the increasing emphasis on sustainability and ethical fashion. In addition to this, the elevating consumer awareness towards the environmental impact of their purchases, owing to the escalating demand for eco-friendly and sustainably produced footwear, is acting as another significant growth-inducing factor. The emerging trend is encouraging manufacturers to adopt greener practices and materials in their production processes. Moreover, individuals in the GCC are increasingly inclining towards online platforms to buy footwear, owing to their convenience, variety, competitive pricing, etc., which, in turn, is expected to fuel the market growth across the country over the forecasted period.

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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.

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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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