Global Kids Shoe Market - WishTree Insight

Global Kids Shoe Market by Product (Formal, Sports, Casual), End-User (Girls, Boys, Unisex), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Kids Shoe market size was valued at USD 35.9 billion in 2021 and is expected to surpass USD XX billion by 2031, expanding at a CAGR of 11.3 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing demand for smart footwear.

INTRODUCTION

Shoes are part of daily life. Shoes protect feet from injury caused by stones, glass, soil, and other materials. Kid's shoes ensure the safety of feet. They are available in different sizes, shapes, and designs. These shoes are designed according to the child’s feet as their feet grow quickly. These shoes are designed with a flexible sole, solid heel, different and fancy laces, and straps to prevent movement of the foot. Kid's shoes can be customized according to the size of the kid’s feet.

Market Trends, Drivers, Restraints, and Opportunities

• Rise in the fashion industry is expected to propel the global kid shoe market.
• Increase in population is driving the kid's shoe market.
• Rise in living standards and disposable income are the key drivers boosting the market.
• Rise in the feet problems and customization of products are expected to propel the market.
• Rapid growth of e-commerce and growth in footwear brands have created new opportunities in the market.
• Launch of new product designs to attract the attention of kids can help in the growth of the global kid’s shoe market.
• Rise in the cost and duplicate products are anticipated to hamper the market growth.

Scope of the Report

Market Segment Insights

The casual product segment is projected to register a considerable CAGR

Based on the product, the kid's shoe market is divided into formal, sports, and casual. The casual product segment is expected to expand at a rapid pace during the forecast period. The growth of the segment is attributed to shifting consumer preferences towards fancy and trendy shoes. However, the sports product segment is anticipated to hold a key share of the market in the coming years due to growing fitness concerns among parents towards their children due to sedentary lifestyles and health problems.

The boy’s segment is expected to expand at a rapid pace

Based on end-user, the kid's shoe market is divided into girls, boys, and unisex. The boy’s segment is expected to expand at a rapid pace during the forecast period owing to growing lifestyle trends among consumers in the footwear industry. However, the girl’s segment is anticipated to hold a key share of the market in the coming years owing to the proportion of women athletes motivating girls to participate in sports.

The North American region is anticipated to constitute a key market share

In terms of regions, the kid's shoe market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region is expected to constitute a key share of the market during the projected period owing to the rise in awareness regarding athletic and sports footwear in the region. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to a rise in consumer spending on fashion apparel.

Competitive Landscape

Key players competing in the Kid's Shoe market are Crocs Retail, LLC (U.S.); Nike, Inc. (U.S.); Puma SE (Germany); SKECHERS USA, Inc (U.S.); Adidas AG (Germany); Converse (U.S.).

FAQs

Mention the market size of the Kids Shoe in 2021.

The market size of Kids Shoe in 2021 was USD 35.9 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 11.3%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for smart footwear.

What segments are covered in the Kids Shoe report?

The segments covered in the report are product (formal, sports, casual), and end-user (girls, boys, unisex).

Mention the key players in the market.

Crocs Retail, LLC (U.S.); Nike, Inc. (U.S.); Puma SE (Germany); SKECHERS USA, Inc (U.S.); Adidas AG (Germany); Converse (U.S.).