PROSPECTS AND OPPORTUNITIES
Aligning with tech and sustainability innovation will provide growth opportunities
Footwear in the UK is poised for moderate yet consistent volume growth over the forecast period, propelled by evolving consumer preferences, sustainability commitments, and digital innovations. While inflation may initially curb stronger growth, the local market is set to recover as economic conditions improve, with demand driven by consumers seeking high-quality, durable footwear that offers long-term value.
Aligning strategies with consumer preferences
Over the forecast period, footwear in the UK will face notable challenges driven by shifting consumer expectations, economic volatility, and increasing sustainability demands. Rising production costs due to inflation, energy price fluctuations, and labour expenses require brands to find ways to maintain quality without significantly raising retail prices in a price-sensitive market.
Sustainability demands will increase traceability reporting and innovation
Brands offering footwear in the UK should prioritise innovation and DEI initiatives over the forecast period, in response to a growing consumer preference for eco-friendly and inclusive brands. Players can lead green innovation by adopting materials such as mycelium-based leather and recyclable components and by expanding take-back programmes for recycling or refurbishing used products, encouraging repeat business, and reducing waste.
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Overview:
Understand the latest market trends and future growth opportunities for the Footwear industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Footwear industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Footwear in United Kingdom report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Footwear in United Kingdom?
- Which are the leading brands in United Kingdom?
- How are products distributed in United Kingdom?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Footwear in United Kingdom?
- Where is future growth expected to be most dynamic?
Footwear in the United Kingdom - Category analysis
KEY DATA FINDINGS
Value and quality are most important growth drivers of local footwear
Sustainable development remains imperative
Nike retains leadership of footwear despite challenges
Aligning with tech and sustainability innovation will provide growth opportunities
Aligning strategies with consumer preferences
Sustainability demands will increase traceability reporting and innovation
Apparel and Footwear in the United Kingdom - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Footwear
- Children's Footwear
- Men's Footwear
- Women's Footwear
Footwear
This is the aggregation of children's footwear, men's footwear and women's footwear. Includes all men’s, women’s and children’s outdoor and indoor shoes made of materials as leather, fabric or plastic. Outdoor shoes includes all dress shoes, trainers, sports shoes, sandals, boots, pumps, and high heels. Indoor shoes includes house-shoes and slippers. Items must be new when sold to the consumer; second-hand/used footwear is excluded. Antique and/or vintage footwear is also excluded. Sports footwear (broken out as a separate category) is included in total footwear figure. One pair of footwear constitutes one volume unit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Footwear research and analysis database.
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