The global leather footwear market was valued at USD 93.5 billion in 2022 and is expected to reach USD 131.7 billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. The growing demand for premium leather footwear is driving the market. Increasing consumer preference for fashionable and comfortable shoes is a major factor driving the market. Furthermore, initiatives taken by prominent players to improve the quality of their products and increase their consumer base are also driving the market growth. For instance, in March 2021, Nike announced the expansion of the Nike Adapt collection with the launch of its first leather style, the Nike Adapt Max. This product is designed to provide a personalized fit and is equipped with auto-lacing technology.

The growing popularity of athleisure and casual wear is creating demand for leather shoes. In addition, the rising presence of influencers and celebrities promoting leather footwear is likely to drive the market. For instance, in May 2021, the singer Cardi B wore a pair of leather boots designed by Balenciaga in one of her music videos. This event led to a surge in sales of leather boots and increased recognition of the brand.

The increasing demand for sustainable leather products is expected to drive the market. Several major players are now focusing on producing sustainable leather products. For instance, in April 2021, Adidas announced the launch of its first sustainable leather shoe, the Ultraboost 21. The shoe is made from recycled leather, featuring a lightweight and breathable upper. The company claims this shoe to be its most sustainable running shoe ever.

The growing trend of online shopping is boosting the market. The presence of a wide range of leather footwear on various e-commerce websites is driving customers to purchase leather products online. This has led to an increase in the sales of leather footwear through online channels. Furthermore, the availability of discounts and offers on different e-commerce websites is encouraging customers to buy leather footwear online.

The leather footwear segment commanded a share of around 33.9% of the market in 2022. Growing fashion consciousness among consumers, increasing disposable income and rising preference for stylish and comfortable footwear are some of the major factors driving the demand for leather footwear. According to an article published by the Wall Street Journal in April 2020, the sale of leather shoes has been increasing due to its durability and comfort, as compared to synthetic footwear. In addition, availability of leather shoes in various designs and colors is another factor contributing to the growth of the leather footwear market.

The casual leather footwear segment is expected to grow at the fastest CAGR of 8.2% during the forecast period. Growing demand for casual leather shoes among men and women, increasing demand for quality products, and increasing fashion consciousness among consumers are majorly driving the growth of the segment. Moreover, manufacturers are introducing innovative designs and fashionable styles to attract customers, which is further driving the segment’s growth.

The supermarkets and hypermarkets segment dominated the leather footwear market in 2022 and is expected to remain the largest segment during the forecast period. Supermarkets provide a wide range of products for customers, including leather footwear. Supermarkets offer attractive discounts and loyalty programs to customers, which have encouraged customers to buy their products from supermarkets. In addition, supermarkets and hypermarkets also provide a convenient shopping experience with a wide variety of brands and products, which drive the growth of the segment.

The online segment is expected to expand at the highest CAGR of 10.4% during the forecast period. The increasing use of the internet and the availability of a wide range of products online have boosted the growth of the online segment. The availability of discounted prices, convenience, and doorstep delivery are some of the key factors driving the growth of the online segment. Moreover, the increasing use of social media platforms has further increased the popularity of e-commerce websites, which is expected to fuel the growth of the segment.

The athletic segment accounted for the largest revenue share of 44.2% in the year 2022. The rising trend of athleisure and growing popularity of sports-inspired fashion are driving the growth of the segment. Additionally, the products are gaining popularity among young shoppers due to its comfort, style, and affordability. Also, advances in technology and the use of new materials such as foam and rubber have enabled manufacturers to produce lightweight and comfortable footwear.

The dress segment is anticipated to expand at the highest CAGR of 8.4% over the forecast period. The growing demand for formal and dress shoes is driving the segment, as it is increasingly becoming a part of an individual’s lifestyle. The emergence of e-commerce platforms and the availability of a wide range of products are also driving the growth of the segment. Additionally, the growing trend of using leather footwear as a fashion statement is driving the demand for stylish and fashionable leather dress shoes.

Europe accounted for the largest revenue share of over 34.8% in 2022. The presence of well-established players such as Prada and Gucci is a key factor driving the region’s growth. In addition, the increasing focus of producers on the manufacture of eco-friendly leather footwear is also expected to bolster the market growth. For instance, in June 2021, Italian luxury shoe brand Cesare Paciotti launched a new line of leather shoes made from recycled material.

North America is expected to witness the second-fastest growth in the coming years. The emergence of several fashion stores and luxury shoe outlets in the region is expected to drive the growth of the market. For instance, in April 2021, luxury shoe brand Jimmy Choo launched a new line of leather shoes in its New York and Los Angeles stores. Moreover, the increasing popularity of e-commerce is also expected to fuel the growth of the market in the region.

In this part of the leather footwear products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your leather footwear products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a leather footwear products business comes from sales of leather footwear products to retail customers, as well as from sales to wholesalers and distributors. Additionally, possible sources of revenue include sales of related accessories such as shoe laces, shoe bags, shoe care products, and the sale of custom designs.

Projecting Expenses
In this section, all the regular expenses related to keeping the leather footwear products business running will be described. The list of operating expenses includes costs for materials, wages, utilities, rent and insurance, advertising and marketing, shipping, and taxes. Other possible expenses include costs for research and development, quality control, warehousing, and licensing fees.

Some of the key companies operating in the leather footwear market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Nike Inc. launched the Air Jordan 1, a new style of leather shoes designed to provide superior comfort and style.

– In August 2022, Adidas AG launched the Superstar series of leather shoes designed to provide superior cushioning and fit.

– In October 2022, Red Wing Shoes launched the Heritage collection of leather shoes providing superior durability and style.

Some of the prominent players in the leather footwear market include:

– Adidas AG
– Reebok International Limited
– Nike Inc.
– New Balance, Inc.
– Wolverine World Wide, Inc.
– Red Wing Shoes
– Skechers USA, Inc.
– Timberland LLC
– Dr. Martens
– VF Corporation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global men’s leather footwear products market based on product type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Formal Shoes
– Casual Shoes
– Athletic Shoes
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Factors Driving the Leather Footwear Market?
[A]: Factors such as the increasing demand for leather shoes, the availability of a wide range of designs and styles, and the growing trend of customised leather footwear are driving the global leather footwear market. Moreover, the rising disposable income of consumers, the changing fashion trends, and product innovations are also propelling the market growth.

[Q]: Who are the Key Players in the Leather Footwear Market?
[A]: Major players in the leather footwear market include Adidas AG, Aldo Group, Clarks International, Wolverine Worldwide, Inc., VF Corporation, Kering, Geox S.p.A., Timberland, LLC, and Nike, Inc.

[Q]: What are the Different Types of Leather Footwear Available?
[A]: The different types of leather footwear available include formal shoes, casual shoes, sports shoes, boots, sandals, and others.

[Q]: What Region Offers the Largest Opportunity for Sales of Leather Footwear?
[A]: Asia Pacific is expected to offer the largest opportunity for sales of leather footwear, owing to the increasing demand from emerging economies such as India and China.

[Q]: What are the Latest Developments in the Leather Footwear Market?
[A]: Some of the latest developments in the leather footwear market include the introduction of new product lines, such as sustainable leather footwear, and the use of innovative technologies to enhance the customer experience. Additionally, manufacturers are also focusing on increasing their product portfolio and introducing new designs to attract consumers.