Bangladesh Footwear Market (2023-2029) | Share, Forecast, Trends, Value, Industry, Revenue, Size, COVID-19 IMPACT, Analysis, Growth, Companies & Outlook

Bangladesh Footwear Market Highlights

Report Name	Bangladesh Footwear Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	5.78%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Type, By Material
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Bangladesh Footwear Market

Bangladesh Footwear Market report thoroughly covers the market by type and material. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Footwear Market Synopsis

Bangladesh Footwear Market is progressing faster and it will continue to expand more in the near future on the back of the nation’s growing population, rising middle class with high disposable incomes, rising working population in the country, and growing demand for comfortable and fashionable footwear. These factors have been driving the growth of this market and they will continue to aid in the market growth.

According to 6Wresearch, Bangladesh Footwear Market size is projected to rise at a growth rate (CAGR) of 5.78% during 2023–2029. The global economic slowdown due to COVID-19 has adversely impacted Bangladesh`s export sector and domestic demand for consumer goods, including footwear products. However, with an increase in disposable incomes and greater purchasing power among consumers coupled with rising fashion trends are expected to drive the demand for fashionable footwear products over the forecast period. Additionally, product innovations such as smart shoes enabled by wireless technology and growing health consciousness have stimulated the sale of athletic/sportswear shoes across Bangladesh which will further propel market growth over the next five years. Furthermore, several government initiatives aimed at encouraging local manufacturing activities, especially within MSMEs are also driving investments into this sector which is likely to support industry development during this period. Moreover, a growing middle class with higher disposable incomes has fueled the desire for fashionable and comfortable footwear, driving both domestic production and the import of international brands. 

Despite the promising growth, the Bangladesh footwear market encounters several challenges. One significant obstacle is the fierce competition from low-cost international footwear manufacturers, which can affect the market share of domestic brands. Additionally, fluctuations in raw material prices, particularly those related to leather, pose a challenge for manufacturers in maintaining stable production costs. The industry is also grappling with environmental sustainability concerns, as the leather production process can have environmental implications. Balancing the demand for affordable footwear with sustainable and ethical practices poses a delicate challenge. Furthermore, issues related to compliance with international quality standards and regulations may impede market access and hinder the export potential of Bangladesh's footwear industry. Addressing these challenges requires strategic planning, innovation, and a commitment to sustainable practices to ensure the long-term viability and competitiveness of the Bangladesh footwear market. These challenges may hamper the Bangladesh Footwear Market Growth.

Footwear Market in Bangladesh: Prominent Players

The footwear market in Bangladesh has been accomplishing significant growth and the market players play a prominent role in its major success. Some key players operating in this industry are:

• Bata Shoe Company (Bangladesh) Limited
• Apex Footwear Limited
• Partex Star Group (Partex PVC Industries Limited)
• Fortuna Industries Limited
• RFL Plastics Limited (a subsidiary of PRAN-RFL Group)
• Pebble Lifestyle Limited
• Amanat Shah Group
• Bay Emporium Ltd. (WOODLAND)
• Picard Bangladesh Ltd.
• Al Haramain Perfumes Group (ARCHE Shoes) Bangladesh Footwear Industry: Government Regulations

Market Segmentation by Type

According to Shivankar, Research Manager, 6Wresearch, the athletic segment is projected to register the fastest growth during the forecast period. These types of shoes are worn by people who are engaged in outdoor activities, like running, walking, and gymming, as well as playing sports like basketball, volleyball, cricket, hockey, and golf. The non-athletic segment will generate the highest revenue share in the future since this segment includes all kinds of footwear such as heels, flats, sandals, boots, sneakers, etc. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Footwear Market Outlook
• Market Size of Bangladesh Footwear Market, 2022
• Forecast of Bangladesh Footwear Market, 2029
• Historical Data and Forecast of Bangladesh Footwear Revenues & Volume for the Period 2019-2029
• Bangladesh Footwear Market Trend Evolution
• Bangladesh Footwear Market Drivers and Challenges
• Bangladesh Footwear Price Trends
• Bangladesh Footwear Porter's Five Forces
• Bangladesh Footwear Industry Life Cycle
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Type for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Athletic for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Non-Athletic for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Material for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Lather for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Rubber for the Period 2019-2029
• Historical Data and Forecast of Bangladesh Footwear Market Revenues & Volume By Plastic for the Period 2019-2029
• Bangladesh Footwear Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Material
• Bangladesh Footwear Top Companies Market Share
• Bangladesh Footwear Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Footwear Company Profiles
• Bangladesh Footwear's Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Athletic
• Non-Athletic

By Material

• Lather
• Rubber
• Plastic

Bangladesh Footwear Market (2023-2029): FAQs