GCC Footwear Market Overview, Industry Growth Rate, Research 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 Trends and Drivers:

The increasing fashion consciousness among consumers and the rising disposable incomes in the region are the major factors driving the GCC footwear market. Additionally, the presence of an affluent consumer base in the GCC countries, reflecting a high demand for branded footwear to match their lifestyle, is catalyzing the market growth. Besides this, the market is positively impacted by the rapid expansion of retail infrastructure, such as luxury malls, online shopping platforms, etc., making it easy for consumers to choose from a diverse range of footwear options. Moreover, the rising proliferation of social media is encouraging influencers to promote fashion trends with local cultural preferences, which has inclined footwear brands to offer products owing to the specific preferences of the GCC market, which is contributing to the expansion of the market.

The growing emphasis on sustainability and ethical fashion, with consumers increasingly looking for eco-friendly and responsibly manufactured products, is further augmenting the GCC footwear market. In addition to this, there is an elevating trend towards customization in footwear, as consumers are highly seeking unique fashion with their preferences, improving engagement with customers and adding creativity to the product, which creates a positive outlook for the market. Furthermore, the manufacturers are integrating footwear with smart technology for health tracking, attracting health-conscious consumers, which is expected to drive the GCC footwear market over the forecasted period.

GCC Footwear Market Report Segmentation:

The report is organized into distinct sections as follows:

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.

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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.

About Us:

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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