The textile and footwear market will achieve a growth rate of 4.84%
Textile shoes, i.e. shoes made of fabric, are expected to outperform shoes made of rubber and plastic, leather, etc. The market growth rate of textile shoes is expected to be 4.84% per year from 2021 to 2026. The global footwear market will grow at an annual rate of 3.06% to reach 26,073.89 billion pairs.
The textile and footwear industry has fully recovered from the disruption of COVID-19.
The textile footwear market size is expected to be 5.82544 billion pairs in 2015, which will increase to 7.03415 billion pairs in 2019. Affected by the epidemic, it will drop to 6.28622 million pairs in 2020 and recover to 7.13543 million pairs in 2020. In 2021, according to FTF market data, the market size is expected to grow to 7.76756 billion pairs in 2022, 8.10501 million pairs in 2023, 8.43501 million pairs in 2024, 8.7545 billion pairs in 2025, and 9.03799 billion pairs in 2026.
In 2015, the global footwear market size was 23.01 billion pairs, reaching 25.01687 billion pairs in 2019. But in 2020, this number dropped to 20,399,940 pairs. The market size will increase to 2,242.972 billion pairs in 2021, but it will still not reach the pre-COVID-19 level, and may be surpassed when the market size reaches 24.3951 billion pairs in 2023. According to FTF market data, the global footwear market is expected to reach 23,730.65 million pairs in 2022, 24,395.1 million pairs in 2023, 24,995.23 million pairs in 2024, 255,601,300 pairs in 2025, and 26,073.89 billion pairs in 2026.
The rubber and plastic shoe market will not fully recover until 2026. It is expected to reach 11.19332 billion pairs in 2019, plummet to 9.239 billion pairs in 2020, rise again to 10.04461 billion pairs in 2021, and grow to 10.473 and 950,000 pairs in 2022, 10.66952 million pairs in 2023, 10.82936 million pairs in 2024, 10.98326 million pairs in 2025, and 11.12235 million pairs in 2026. The annual growth rate from 2021 to 2026 is expected to be 2.06%.
During the same period, the leather shoe market will grow at an annual rate of 2.52%. The segment may not recover from the impact of COVID-19 until after 2023. The market dropped from 4.41089 billion pairs in 2019 to 3.7203 billion pairs in 2020. Although it will rise to 4.05293 billion pairs in 2021, it is far lower than the level in 2019. According to FTF market data, the leather shoe market is expected to reach 4.2455 billion pairs in 2022, 4.34846 billion pairs in 2023, and 4.44164 billion pairs in 2024. It is expected to grow to 4.51755 billion pairs by 2025 and 4.59092 billion pairs by 2026.
