The global footwear market is growing so fast over the last few decades. For that reason, we should thank the global market and the footwear companies because both they are doing well. Footwear companies are manufacturing the best and quality products so that these products meet the global market requirements. You are maybe curious to know those footwear companies. Now, we will reveal the top 10 shoe brands in the world.
Top 10 Shoe Brands in the Footwear World: The Shoe Brands That are Leading the Whole Global Footwear Market
The demand for footwear products is increasing day by day. For that reason, the global market is also growing bigger and bigger. People are showing interest to buy products online and offline too. And, of course, the brands are doing their best to give the best service to customers. Let’s know some facts about the global footwear that we have got after analyzing the market.
Global Footwear Market Analysis
As we mentioned before that people are showing interest to buy shoes online and offline and the number is increasing. The world-famous Technovio’s market analyst has estimated that the global footwear market will meet the close revenue of about 353 billion just by the year 2022. But, previous studies showed that the revenue would have been 42.06 billion by the year 2020 to 2024.
So, can you imagine how fast and successfully the global footwear market is growing? All of them are possible only because of the world big companies that are manufacturing good products. Today, we will get to know that big brands and their contribution to the global market.
The List of the Top 10 Shoe Companies in the World: Are You Curious?
- Nike
- Adidas
- New Balance
- ASICS
- Puma (Kering)
- Skechers
- Fila
- Bata
- Burberry
- VF Corporation
Now, let’s talk about these shoe brands and their market holding contribution. Without wasting any time let’s jump into it.
Nike
- Country Origin: United States
- Founded in: 1964
- Business Expansion: 45 Countries
- Yearly Revenue: 4 billion US dollars (2020)
Nike is one of the most famous and market-leading shoe brand. Nike has a reputation for new innovation, technology development in its products, and marketing campaign which is cutting edge. This shoe brand has a moto that is “Just Do It”. All the factors are helping them to create a big customer base and leading the market in sales and popularity.
The shoe brand has a big customer base for its sports shoes. It is leading the sports shoe market. They always try to bring something new in their shoes which makes the customer feel extra-ordinary. Some of the best sports shoes of Nike are- React, ZoomX, Nike Air Max 270, VaporMax, and etc.
Adidas
- Country Origin: Germany
- Founded in: 1949
- Business Expansion: 160 Countries
- Yearly Revenue: 25 billion US dollars (2019)
The origin of this shoe brand in Germany but it is one of the most demanding shoe brands in the world. This shoe brand produces over 900 million products in a year that covers sports shoes, and other footwear too. The company generated approximately about 25 billion dollars in 2019. The company has more than 1000 stores all over the world where they sell their products.
Adidas company has become a sports fashion for footwear. They are also getting the market of footwear except sports only. The company is at the peak of success right now and is growing fast.
New Balance
- Country Origin: United States
- Founded in: 1906
- Business Expansion: 120 Countries
- Yearly Revenue: 5 billion US dollars (2018)
New Balance is Boston based multinational company but the one strategy that the company has not taken yet and is celebrity endorsement. The company always highlights the less-known athlete and they put the most emphasis on product quality. The brand produces shoes for both men and women and their main concern is sports shoes.
To compete for the market, now they are focusing on apparels and fitness and exercise based shoes. They are also focusing on kids’ shoes too.
ASICS
- Country Origin: Japan
- Founded in: 1949
- Business Expansion: 33 Countries
- Yearly Revenue: 17 billion Euros (2019)
ASICS is one of the best shoe brands in the world and this company is from Japan. In 1949, this brand started its journey to meet the market demand for shoes. Their main focus or priority is on the sports shoe market. The company is producing their products with full quality to meet the market demand for over six decades.
They always try to bring something new to their products. The brand always has a concern to give the best technology to their shoes. So that the customers get premium feelings. Their most modern and popular technologies are- TwistTruss, Court Specific FlyteFoam, FlexionFit, and so on.
Puma (Kering)
- Country Origin: Germany
- Founded in: 1948
- Business Expansion: 120 Countries
- Yearly Revenue: 5 billion Euros (2019-20)
Kering brand is a big name in the market of accessories. This brand has a lot of famous and amazing products for lifestyle, powerful luxury, and also for sports. Puma is one them of the Kering company. The brand provides lots of footwear products and accessories in the footwear market.
It has recently introduced diversified products in the market. Basket, Roma, Easy Rider, and advanced technology-based sneakers are of those diversified products.
Skechers
- Country Origin: United States
- Founded in: 1992
- Business Expansion: 160 Countries
- Yearly Revenue: 6 billion US dollars (2019)
Skechers is one of the fastest companies that growing fast in the US market. The company was founded in 1992. The brand focuses on trendy and casual style shoes for both men and women. Their targeted customers are from 19 years to 40 years old customers.
They have brought the modern and latest technology to their products regularly. The brand has both domestic and global distribution channels. It is operating and selling its products almost in 160 countries.
Fila
- Country Origin: Italy
- Founded in: 1911
- Business Expansion: 70 Countries
- Yearly Revenue: 5 billion US dollars (2018)
Fila is an Italian brand. The company is in the global shoe market for the last 9 decades. This brand is especially popular for its sports and exercise based shoes. Fila is a popular brand in Asia, Europe, and the US market. They are the leading designing brand for apparel and accessories for sports.
They also have leisure-based shoe products. This company has a wide range of shoe products collection. Under Fila, there are some popular sister brands as well like- Tratto, Das, Pongo, and others.
Bata
- Country Origin: Czech Republic
- Founded in: 1894
- Business Expansion: 60 Countries
- Yearly Revenue: Not Found
Bata is one most popular brands and renowned brands in the world shoe industry. A person does not hear about Bata, it is quite impossible to believe. The company is serving in the global market for the last 130 years. Isn’t it a very long period? This brand always tries to bring innovation to their products and also want to ensure comfort for the customers.
They are serving their business in 60 countries, it is running more than 5000 retail stores to sell their products. It also has 24 factories that are fully owned by Bata.
Burberry
- Country Origin: United Kingdom
- Founded in: 1856
- Business Expansion: 59 Countries
- Yearly Revenue: 77 billion US dollars (2017)
Burberry is one of the most well-established companies in the world. The company not only produces shoes but also clothing, cosmetics, sunglasses, outwear for men, women, also for kids. This brand is popular in the EU, Australia, the US, and also in other Asian countries. This British designing company is trying to expand its shoe business world wide to lead the market.
To lead the global shoe market, the company is trying to bring new innovation, developing the shoe quality. Their main target is to satisfy the customers with the ultimate service.
VF Corporation
- Country Origin: United States
- Founded in: 1899
- Business Expansion: 150 Countries
- Yearly Revenue: 8 billion US dollars (2019)
The VF Corporation was founded in 1899. This company is one of the world’s leading apparel, shoes, accessories companies. The company has a wide range of portfolios for shoe brands and lifestyle apparel. The company earned the brand popularity across the consumers so, the consumers demand to open their store world-wide. To meet the demand customer demand they recently 2013 started its e-commerce portal.
Final Verdict
Have you learned about the top 10 shoe brands in the world now? We researched and collected information about these brands and companies to help you to know more about them. If you want to know anything else or you have any interesting topics to know then please let us know. You guys are welcome to mail for any further queries.
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