The global shoe care market size is expected to reach USD 6.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. Growing popularity of premium footwear products including Oxford shoes and Blücher among working class professionals on a global level is expected to expand the scope of various types of polishes and cleaners. Furthermore, increasing number of educational institutes and corporate organizations in the developing nations including China and India is expected to expand the scope of formal footwear. This, in turn, will prompt the scope of shoe care products.
Shoe cleaning products including soaps and deodorizers are expected to account for 29.5% share of global revenue in 2025. For instance, shoe deodorizers have gained significant popularity among consumers. In September 2018, Panasonic Corporation launched MS-DS100 deodorizer. The product has the original ion particles, “nanoe X” that removes unpleasant odors from footwear and spreads through its six outlets. This deodorizer can also be operated on a mobile battery. Japan based Panasonic Corporation planned to produce 1,000 units of these deodorizers per month.
Expanding corporate and education sectors in developing economies including China and India is anticipated to open new avenues for the market. In addition, increasing awareness regarding health and fitness is fueling the sales of sports footwear in this region. As a result, demand for sneaker care products has increased significantly.
Furthermore, increasing number of women professionals in developing countries including India and Thailand is expected to promote the demand for the product in these economies. Leading brands including Kiwi have expanded their product portfolio in order to cater to the demand of women over the last few years. Key competitors of this industry include Caleres Inc.; S. C. Johnson & Son, Inc.; Grangers International; Payless; Implus LLC; Shinola; Charles Clinkard; Salamander; and Griffin.
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Shoe Care Market Report Highlights
• North America is expected to generate a revenue of USD 2.0 billion by the end of 2025
• Asia Pacific generated a revenue of more than USD 990.0 million in 2018
• Online distribution channel for shoe care market is expected to register the fastest CAGR of 5.9% from 2019 to 2025
• By product, the polish segment dominated the market in 2018, accounting for more than 60.0% share of the global revenue
• In terms of application, the formal segment held the largest share of 53.1% in 2018.
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Shoe Care Market Segmentation
Grand View Research has segmented the global shoe care market on the basis of product, application, distribution channel, and region:
Shoe Care Product Outlook (Revenue, USD Million, 2015 – 2025)
• Polish
• Cleaning
• Accessories
Shoe Care Application Outlook (Revenue, USD Million, 2015 – 2025)
• Formal
• Casual
• Sports
• Others
Shoe Care Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Online
• Offline
Shoe Care Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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