Global Driving Footwear Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Boots, Shoes, and Others.

By Material Type;

Leather, Synthetic, and Natural Fibers.

By Vehicle Type;

Two-Wheeler and Four-Wheeler.

By Distribution Channel;

Hypermarkets, Specialty Stores, Online Retail, Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn589766026 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Driving Footwear Market (USD Million), 2020 - 2030

In the year 2023, the Global Driving Footwear Market was valued at USD 55,120.13 million. The size of this market is expected to increase to USD 65,074.37 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.4%.

The driving footwear market is characterized by shoes designed with rubber components, particularly at the back, to enhance traction and elasticity, ensuring optimal performance during driving activities. This segment is expected to experience significant growth, driven by various factors. The rise in the number of affluent individuals, particularly billionaires, is contributing to an increased demand for luxury cars, consequently boosting the demand for driving footwear. Additionally, the growing preference for trendy and comfortable footwear, coupled with rising disposable incomes, is fueling market expansion. The proliferation of e-commerce platforms, smartphones, and mobile internet connectivity further facilitates market growth by providing consumers with convenient purchasing options.

Moreover, the acceptance of driving footwear for its ability to enhance movement smoothness and pedal control in vehicles is expected to bolster market growth. However, challenges such as trade barriers and heavy taxes on imported products may hinder market progression during the forecast period. Despite these challenges, the growing demand for luxury vehicles presents potential opportunities for driving footwear market growth in the coming years. Nevertheless, the presence of counterfeit products in the industry poses a threat to market expansion, warranting increased vigilance and regulatory measures to address the issue.

This driving footwear market report offers comprehensive insights into recent developments, trade regulations, import-export analysis, production trends, and value chain optimization. It delves into market dynamics, analyzing the impact of domestic and localized market players, identifying emerging revenue pockets, and assessing changes in market regulations. Additionally, the report provides strategic market growth analysis, highlighting category market growth, application niches, product approvals, launches, geographical expansions, and technological innovations to aid stakeholders in making informed decisions and tapping into growth opportunities in the driving footwear market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Global Driving Footwear Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Heightened Focus on Driving Safety
        2. Growing Disposable Income Levels
        3. Innovations in Material Technology
        4. Expanding Automotive Events and Engagements
      2. Restraints
        1. Challenges with Expensive Premium Driving Footwear
        2. Limited Awareness in Emerging Markets
        3. Competitive Pressure from Conventional Footwear
        4. Volatility in Raw Material Costs
      3. Opportunities
        1. Increasing Interest in Personalized Options
        2. Partnerships with Automotive Manufacturers
        3. Expansion of E-commerce Platforms
        4. Focus on Eco-Friendly Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Driving Footwear Market, By Product Type, 2022 - 2032 (USD Million)
      1. Boots
      2. Shoes
      3. Others
    2. Global Driving Footwear Market, By Material Type, 2022 - 2032 (USD Million)
      1. Leather
      2. Synthetic
      3. Natural Fibers
    3. Global Driving Footwear Market, By Vehicle Type, 2022 - 2032 (USD Million)
      1. Two-Wheeler
      2. Four-Wheeler
    4. Global Driving Footwear Market, By Distribution Channel , 2022 - 2032 (USD Million)
      1. Hypermarkets
      2. Specialty Stores
      3. Online Retail
      4. Others
    5. Global Driving Footwear Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Puma SE
      2. Adidas AG
      3. Alpinestars S.p.A
      4. Dainese S.p.A
  7. Analyst Views
  8. Future Outlook of the Market

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