Footwear market to grow 2.5% until 2023 - report

05/04/2016
The global footwear market was worth $208.7 billion in 2014, and is expected to reach $258.2 billion by 2023, according to consultancy Transparency Market Research.

The US firm predicts growth of 2.5% per year, and says this is attributable to higher sales of sports shoes.

It says 10 billion pairs of shoes were produced in 2014 and this will rise to 12.1 billion pairs in 2023.

Women’s shoes accounted for half the value and 46% of the volume in 2014.