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

Market Forecast By Type (Athletic, Non-Athletic), By Material (Lather, Rubber, Plastic) And Competitive Landscape

Product Code: ETC037140 Publication Date: Dec 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

United Arab Emirates (UAE) Footwear Market Competition 2023


United Arab Emirates (UAE) Export Potential Assessment For Footwear Market (USD Values in Thousand)


Topics Covered in the United Arab Emirates (UAE) Footwear Market

United Arab Emirates (UAE) Footwear Market report thoroughly covers the market by type and by 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.

United Arab Emirates (UAE) Footwear Market Synopsis

The footwear market is becoming increasingly competitive, and the United Arab Emirates (UAE) is no exception. As one of the fastest-growing economies in the world. Additionally, the rising middle-class is driving demand for high-quality, fashionable footwear. Additionally, an increasing number of tourists are flocking to the UAE, creating significant opportunities for retailers of luxury footwear.

According to 6Wresearch, the United Arab Emirates (UAE) Footwear Market size is estimated to grow at a CAGR of 8.9% during the forecast period 2023-2029. The rapidly growing population. The rising number of people living in the UAE has led to an increase in demand for footwear across all segments. Another key driver behind the UAE footwear market's growth is rapid urbanization. Urbanization leads to an increase in disposable income, which results in increased purchasing power. As a result, consumers in the UAE have the means to spend on high-quality, premium footwear products. However, the UAE footwear industry faces numerous challenges.

One of the challenges is the high level of competition from both local and international brands. Another challenge is the high cost of renting retail space. This has forced many retailers to rely on selling their products online, creating an even more competitive landscape. However, the market is still growing with a shift towards sustainable and environmentally friendly products. Consumers are demonstrating a heightened awareness of the impact of their purchasing decisions on the environment, and manufacturers and retailers are responding by developing eco-friendly footwear lines. Additionally, the rise of e-commerce in the UAE has led to an increased focus on online sales and marketing, with retailers leveraging social media platforms to reach consumers.

Government Initiatives introduced in the United Arab Emirates (UAE) Footwear Market

United Arab Emirates (UAE) Footwear Market share is estimated to increase underpinned by the UAE government has also been taking ssupportivt initiatives to promote the market growth. One example is the Dubai Leather Cluster, which aims to create a world-class leather and footwear hub in Dubai. Another is the UAE's "Made in UAE" initiative, which encourages manufacturers to produce locally, reducing reliance on imports and strengthening the domestic manufacturing industry.

Key Players in the United Arab Emirates (UAE) Footwear Market

The market includes both international and domestic brands that are operating seamlessly. The international brands have a significant presence in the UAE, especially in the luxury and sports segments. Brands such as Nike, Adidas, and Puma is well-established within the UAE market. However, local brands are also making significant strides. Brands like Shoemart and Aldo are becoming increasingly popular, providing affordable yet fashionable footwear options for consumers.

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, the growing trend of athletic footwear in the UAE is a result of multiple factors, including health and fitness culture, fashion trends, rising disposable income, influencer marketing, and technological advancements.

Market Analysis by Material

Based on materials, each with its own set of advantages and disadvantages. While the popularity of leather shoes is still significant, it is exciting to see rubber and plastic shoes gaining traction, especially since manufacturers have made great strides in creating eco-friendly alternatives.

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:

  • United Arab Emirates (UAE) Footwear Market Outlook
  • Market Size of United Arab Emirates (UAE) Footwear Market, 2022
  • Forecast of United Arab Emirates (UAE) Footwear Market, 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Revenues & Volume for the Period 2019 - 2029
  • United Arab Emirates (UAE) Footwear Market Trend Evolution
  • United Arab Emirates (UAE) Footwear Market Drivers and Challenges
  • United Arab Emirates (UAE) Footwear Price Trends
  • United Arab Emirates (UAE) Footwear Porter's Five Forces
  • United Arab Emirates (UAE) Footwear Industry Life Cycle
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Type for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Athletic for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Non-Athletic for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Lather for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Rubber for the Period 2019 - 2029
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Plastic for the Period 2019 - 2029
  • United Arab Emirates (UAE) Footwear Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Material
  • United Arab Emirates (UAE) Footwear Top Companies Market Share
  • United Arab Emirates (UAE) Footwear Competitive Benchmarking By Technical and Operational Parameters
  • United Arab Emirates (UAE) Footwear Company Profiles
  • United Arab Emirates (UAE) Footwear 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
Frequently Asked Questions About the Market Study: FAQs
Some popular brands in the market include Nike, Adidas, Puma, Reebok, Asics, and New Balance. These brands offer trendy and fashionable footwear designs as well as sports shoes for various activities.
The current market trends include innovative designs, technological advancements, and eco-friendly products. Sneakers, sandals, and loafers are among the top-selling products.
The high cost of renting retail space and the high level of competition are the major challenges affecting the market growth.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 United Arab Emirates (UAE) Footwear Market Overview

3.1 United Arab Emirates (UAE) Country Macro Economic Indicators

3.2 United Arab Emirates (UAE) Footwear Market Revenues & Volume, 2020 & 2030F

3.3 United Arab Emirates (UAE) Footwear Market - Industry Life Cycle

3.4 United Arab Emirates (UAE) Footwear Market - Porter's Five Forces

3.5 United Arab Emirates (UAE) Footwear Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 United Arab Emirates (UAE) Footwear Market Revenues & Volume Share, By Material, 2020 & 2030F

4 United Arab Emirates (UAE) Footwear Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 United Arab Emirates (UAE) Footwear Market Trends

6 United Arab Emirates (UAE) Footwear Market, By Types

6.1 United Arab Emirates (UAE) Footwear Market, By Type

6.1.1 Overview and Analysis

6.1.2 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Type, 2020-2030F

6.1.3 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Athletic, 2020-2030F

6.1.4 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Non-Athletic, 2020-2030F

6.2 United Arab Emirates (UAE) Footwear Market, By Material

6.2.1 Overview and Analysis

6.2.2 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Lather, 2020-2030F

6.2.3 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Rubber, 2020-2030F

6.2.4 United Arab Emirates (UAE) Footwear Market Revenues & Volume, By Plastic, 2020-2030F

7 United Arab Emirates (UAE) Footwear Market Import-Export Trade Statistics

7.1 United Arab Emirates (UAE) Footwear Market Export to Major Countries

7.2 United Arab Emirates (UAE) Footwear Market Imports from Major Countries

8 United Arab Emirates (UAE) Footwear Market Key Performance Indicators

9 United Arab Emirates (UAE) Footwear Market - Opportunity Assessment

9.1 United Arab Emirates (UAE) Footwear Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 United Arab Emirates (UAE) Footwear Market Opportunity Assessment, By Material, 2020 & 2030F

10 United Arab Emirates (UAE) Footwear Market - Competitive Landscape

10.1 United Arab Emirates (UAE) Footwear Market Revenue Share, By Companies, 2023

10.2 United Arab Emirates (UAE) Footwear Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

 
Market Forecast By Type (Athletic, Non-Athletic), By Material (Lather, Rubber, Plastic) And Competitive Landscape
Product Code: ETC037140 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

United Arab Emirates (UAE) Footwear Market Synopsis

The United Arab Emirates (UAE) footwear market has experienced notable growth in recent years and is poised for continued expansion from 2020 to 2026. This growth can be attributed to several key factors that have contributed to the increasing demand for footwear products within the country. With a combination of economic prosperity, changing consumer preferences, and a thriving tourism industry, the UAE has become an attractive market for footwear manufacturers and retailers.

Drivers of the Market

One of the primary drivers behind the growth of the UAE footwear market is the rising disposable income among its population. As the UAE enjoys a prosperous economy, an increasing number of individuals have experienced an improvement in their purchasing power. This has led to a higher propensity for spending on non-essential items, including fashion and footwear products. As consumers seek to keep up with the latest trends and invest in branded and premium footwear, the demand in the market has seen a significant upswing. Moreover, the UAE has a fashion-conscious population that places great importance on style and appearance. The influence of global fashion trends, coupled with a growing awareness of individual style and self-expression, has led to a surge in demand for fashionable and trendy footwear options. Consumers, particularly the younger generation, are keen to experiment with various footwear styles, driving the market for diverse and innovative designs.

Challenges of the Market

Despite its promising growth prospects, the UAE footwear market faces some notable challenges. Economic volatility is one such challenge that can impact consumer spending on non-essential items, including footwear. The UAE economy, being closely tied to the fluctuations in oil prices, may experience periods of uncertainty that affect consumer sentiment and purchasing behavior. Further, counterfeit products also pose a significant challenge to the market. The availability of counterfeit footwear at lower prices can lure price-sensitive consumers away from purchasing genuine branded products. This undermines the sales and market share of reputable footwear brands, leading to revenue loss and consumer trust issues.

Covid-19 Impact on the Market

The outbreak of the Covid-19 pandemic in 2020 had a profound impact on the UAE footwear market, as it did on economies worldwide. With lockdowns, travel restrictions, and social distancing measures in place, the retail footfall in physical stores declined sharply. This decrease in foot traffic led to reduced sales for brick-and-mortar footwear retailers. However, the pandemic also accelerated the adoption of e-commerce in the UAE. As consumers sought to minimize in-person interactions, online shopping for footwear and other products witnessed a substantial surge. E-commerce platforms became crucial for retailers to sustain their businesses during the lockdowns.

Key Players of the Market

The UAE footwear market is characterized by the presence of several key players that cater to diverse consumer preferences. Some of the prominent footwear brands in the UAE include Nike, Adidas, Puma, Skechers and Aldo.

Key Highlights of the Report:

  • United Arab Emirates (UAE) Footwear Market Outlook
  • Market Size of United Arab Emirates (UAE) Footwear Market, 2019
  • Forecast of United Arab Emirates (UAE) Footwear Market, 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Revenues & Volume for the Period 2016 - 2026
  • United Arab Emirates (UAE) Footwear Market Trend Evolution
  • United Arab Emirates (UAE) Footwear Market Drivers and Challenges
  • United Arab Emirates (UAE) Footwear Price Trends
  • United Arab Emirates (UAE) Footwear Porter's Five Forces
  • United Arab Emirates (UAE) Footwear Industry Life Cycle
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Athletic for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Non-Athletic for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Material for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Lather for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Rubber for the Period 2016 - 2026
  • Historical Data and Forecast of United Arab Emirates (UAE) Footwear Market Revenues & Volume By Plastic for the Period 2016 - 2026
  • United Arab Emirates (UAE) Footwear Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Material
  • United Arab Emirates (UAE) Footwear Top Companies Market Share
  • United Arab Emirates (UAE) Footwear Competitive Benchmarking By Technical and Operational Parameters
  • United Arab Emirates (UAE) Footwear Company Profiles
  • United Arab Emirates (UAE) Footwear Key Strategic Recommendations
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