The Casual Shoes Market is expected to reach $163.1 billion by 2030, driven by the increasing focus on technological advancements and affordable price ranges.

The Casual Shoes Market size is estimated to reach $163.1 Billion by 2030, growing at a CAGR of 7.4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled “Casual Shoes Market” - By Product Type (Sneakers, Loafers, Sandals and Slippers, Boat Shoes, Others), By Material (Leather, Synthetic, Canvas, Rubber, Others), By Price (Up to $50, $50 to $150, $150 to $300, Above $300), By Sole Material (Leather Soles, Rubber Soles, Cork Soles, Polyvinyl Chloride Soles, Commando Soles, Ethylene Vinyl Acetate, Others), By Size (Up to 6 UK, 12.3 6 UK – 12 UK, More than 12 UK), By Closure Type (Laces, Buckles, Velcro, Zippers, Bungee Cord Fastening, Buttons, Swivel Button Fastening), By Heel Type (Flat Heel, Low Heel, Block Heel, Wedge Heel, Kitten Heel, Platform Heel, Cone Heel, Stacked Heel, Rubber Heel, Sculpted Heel), By Water Level Resistance (Non-Water-Resistant, Water-Resistant, Waterproof, Quick-Dry or Water-Friendly, Water-Resistant with Sealed Seams, Waterproof with Breathable Membrane, 15.7 Splash-Proof), By End User (Men, Women, Children, Others), By Distribution Channel (Online Stores[Brand Companies Website, Online Market Platforms], Offline Stores[Supermarkets, Hypermarkets, Specialty Stores], Sports Shop), and By Geography Analysis - Global Opportunity Analysis & Industry Forecast, 2024-2030.

Various lifestyle preferences for Casual Shoes, comfort, versatility, sustainability, and a growing interest in fashion are major drivers for the Casual Shoes market.

North America leads the Casual Shoes market, holding the largest market share of 37% in 2023. This dominance is driven by factors such as high disposable income, a sizable urban population, and a growing preference for comfortable, versatile footwear. Trends like athleisure, streetwear, and the shift toward casual dressing have significantly boosted demand for products like sneakers and slip-ons. Major brands, including Nike, Adidas, and Converse, maintain a strong presence, catering to diverse consumer preferences. For example, HEYDUDE partnered with singer-songwriter Jelly Roll to launch a limited-edition Wally Slip Canvas shoe inspired by his album Beautifully Broken. The rise of e-commerce platforms has further expanded product accessibility, fuelling market growth in the region.

The increasing demand for Casual Shoes in semi-formal and relaxed workplaces highlights a significant transformation in workplace dress codes. Employees are now prioritizing footwear that offers both comfort and functionality, reflecting a broader shift toward flexibility in professional environments. Shoes like loafers, sneakers, and slip-ons have emerged as popular choices, balancing style and practicality for daily office wear and after-hours activities. This trend aligns with the rise of hybrid work models, where professionals need versatile footwear that transitions seamlessly between home and office settings. Furthermore, advancements in shoe design, including the use of innovative materials and fashion-forward aesthetics, have enhanced the appeal of Casual Shoes. These factors collectively position casual footwear as an essential component of contemporary workplace wardrobes, meeting the evolving needs of employees in dynamic and inclusive work environments.

Among end-user groups, men dominate the Casual Shoes market, holding the largest share due to their consistent demand for versatile and durable footwear. Men’s footwear is often designed to cater to both style and functionality, making them a popular choice for work, leisure, and outdoor activities. Sneakers, loafers, and slip-ons are particularly sought-after styles in this segment. The growing influence of athleisure and streetwear trends has further expanded the men's casual footwear market, with brands focusing on innovative designs and comfort-driven features. Additionally, men's relatively stable purchasing habits and willingness to invest in high-quality, long-lasting footwear contribute to their leadership in this segment. However, the women's and children's markets are rapidly growing, driven by fashion trends and changing lifestyles. Additionally, men's relatively stable purchasing habits and willingness to invest in high-quality, long-lasting footwear contribute to their leadership in this segment. However, the women's and children's markets are rapidly growing, driven by fashion trends and changing lifestyles.

In November 2023, Crocs, the renowned footwear company, reported impressive year-over-year revenue growth of 53% for 2022, surpassing its earlier guidance of 49% to 52%. For 2023, the company projects continued growth of 10% to 13%. Its stock performance has also been remarkable, with the price doubling over the past six months, showcasing strong investor confidence in the brand's trajectory.

In November 2024, Sparx, a highly trusted brand among Indian youth, is set to redefine footwear fashion with the launch of its latest ‘Sneakers Collection’ as part of its Autumn-Winter 2024 (AW ’24) range. This innovative collection effortlessly combines cutting-edge style with exceptional comfort, catering to the demands of today’s fashion-forward and active youth.

In February 2024, Thomas Crick, a distinguished British heritage shoe brand with a legacy dating back to 1830, made its debut in the Indian market, introducing its tradition of premium men’s leather footwear with a modern twist. Showcasing iconic designs such as the Dixon Black Casual Boots, Addison Tan Chelsea Boots, and Boyice Tan Monk Shoes, the brand masterfully blends timeless elegance with contemporary style. With this launch, Thomas Crick aims to make high-fashion footwear more accessible, redefining sophistication and craftsmanship for the Indian consumer.

Key companies profiled in the Casual Shoes Market are Adidas, Nike, Puma, Skechers, Bata, Reebok, Fila, Woodland, Lee Cooper, and Underarmour.

  

Shoe Materials Market - Shoe Materials Market size is forecast to reach $26.7 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025. The main factor for the increase in the demand for footwear, which has resulted in an increase in footwear materials, is due to an increase in disposable income in major countries, especially in the lower- and middle-income classes.

Smart Shoes Market - Smart Shoes Market size was valued at $189 million in 2020 and is anticipated to reach $298 million by 2026 growing at a CAGR of 8.8% during the forecast period 2021-2026. The smart shoes industry growth rate is attributed to the rising popularity of smart wearable’s pertaining to increased participation in sports and fitness activities and is expected to bring new opportunities.

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Mr. Venkat Reddy

IndustryARC

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