Home > Consumer Goods & Services > Apparel, Footwear and Accessories > Footwear > Shoe Care Market

Shoe Care Market Share

Report ID: GMI11524
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Shoe Care Market Share

Shoe Care Market Company Share Analysis (2023)

Several key factors contribute to the fragmentation of the shoe care market. Diverse consumer preferences drive demand for a broad spectrum of products, ranging from luxury to budget-friendly options. This diversity prompts numerous brands to cater to different market segments. The market's fragmentation is further accentuated by the wide array of shoe care products, such as polishes, conditioners, and cleaners, with various brands specializing in distinct categories. Moreover, regional and local brands, including Salamander and Salzenbrodt GmbH & Co. KG, maintain robust presences in specific locales, amplifying the market's fragmented landscape. The constant influx of new players and innovations, combined with the availability of both online and brick-and-mortar retail channels, ensures that no single brand can claim dominance over the entire market.

Shoe Care Market Companies

Major players operating in the shoe care industry include:

Allen Edmonds
Angelus
Caleres
Charles Clinkard
CP Marketing
Grangers
Griffin
Implus Footcare
Johnson
Klauser
Payless
Salamander
Salzenbrodt
Shinola
TRG

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The shoe care market was valued at USD 4.74 billion in 2023 and is projected to reach USD 7.26 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5% from 2024 to 2032.

In 2023, the formal shoes segment dominated the market with a share of 51.56% due to the high value and investment in formal shoes, which require specialized care to maintain their appearance and lifespan.

The online sales channel leads the shoe care market, capturing 66.2% of the share in 2023. The convenience of shopping from home, extensive product variety, and access to detailed product information enhance consumer engagement and sales.

North America is the leading region in the market, with a projected value of USD 2.12 billion by 2032 and a CAGR of 6%, driven by a strong emphasis on personal grooming, high disposable incomes, and easy access to both online and offline shoe care products.

Major players in the market include brands such as Allen Edmonds, Angelus, Caleres, and Johnson, among others.