December 27, 2024 : The year 2024 has been a transformative period for the footwear industry. The footwear industry is set to grow from $23Bn to $90Bn by 2030 by focusing on expanding the non-leather and leather sectors. Rising disposable incomes and evolving consumer preferences have driven a shift toward footwear that combines comfort, functionality without compromising fashion. Advanced technologies, such as foot scanning and gait analysis, are enabling brands to create footwear “solutions” that support proper biomechanics.
Additionally, the retail landscape has witnessed a remarkable transformation with the rapid adoption of omnichannel strategies, offering seamless customer experiences.
As we step into 2025, the focus will be on comfort-driven products leveraging cutting-edge design technologies, sustainable materials, and innovative concepts to cater to the dynamic needs of the modern consumer. With these advancements and supportive government policies, the footwear sector is poised for an era of unprecedented growth and global recognition.