Custom shoes are customized according to consumer foot type, size and overall preferences. This creates a perfect fit and comfort for the consumer. Growing awareness among consumers regarding benefits of customized shoes along with rising preference for personalized products are some of the major factors driving growth of the custom shoes market.
Market Overview:
Custom shoes are uniquely designed keeping in mind the anatomical structure of consumer’s feet. Through 3D scanning technology or manual process of measurement taking, custom shoe makers understand foot dimensions and design shoes accordingly. They offer advantages like perfect fit, support to foot anatomy and elimination of common shoe fitting issues.
Market key trends:
Growing traction of digital customization is one of the key trend witnessed in custom shoes market. Through 3D scanning technology, consumers can now digitally customize shoe design and share same with manufacturers. This allows assessing fit and making changes virtually before production. Some brands also allow consumers to design their own unique shoes online using different material, design and color combinations. Rapid growth of e-commerce and increasing preference of millennials for personalized products is further fueling demand for digitally customized shoes.
Segment Analysis
Custom Shoes Market is segmented into formal, casual, and sports sub-segments. Sports segment dominates the market and accounts for over 40% share as custom made shoes are growing popularity among athletes and sports enthusiasts to reduce injuries and provide enhanced comfort and support. Sports segment is expected to witness highest growth during forecast period due to increasing number of people participating in sports and recreational activities and demands for custom made shoes that tailored to suit individual need and biomechanics.
Key Takeaways
The Global Custom Shoes Market is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing preference for personalized and customized shoes.
Regional analysis – North America dominates the market and accounts for over 35% share due to rising health awareness. Asia Pacific region is expected to witness fastest growth during forecast period owing to growing middle class population, increasing disposable income and their willingness to pay premium for customized products.
Key players operating in the Custom Shoes Market are Nike, Adidas, New Balance, Puma, Asics, Skechers, Vans, Converse, Sperry, Crocs, Timberland, Clarks, ECCO, Wolverine Worldwide, Deckers Brands, Aldo Group, Genesco, Steve Madden, Caleres, GEOX. Nike dominates the market with over 20% share due to wide range of customized products and services. Adidas is second largest player focusing on 3D printing and digital manufacturing technologies to customize shoes.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it