Shoe with Knitted Upper Market to Reach USD 7 Billion by 2030, Registering a CAGR of 15%

Shoe with Knitted Upper Market to Reach USD 7 Billion by 2030, Registering a CAGR of 15%

 

According to Next Move Strategy Consulting, the global Shoe with Knitted Upper Market is projected to grow to USD 7 billion by 2030, at a compound annual growth rate (CAGR) of 15% during the forecast period by 2030. This market growth is attributed to the increasing demand for lightweight, supportive, and stylish footwear among consumers, particularly youth, and the rise in health-consciousness around the globe. 

A shoe with a knitted upper is characterized by its lightweight and breathable construction, providing comfort and support through knitted material used in key parts of the shoe such as the collar, quarter, lining, and tongue. This innovation eliminates the need for additional dyeing processes, offering a wide range of color options while maintaining durability and style.

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Market Drivers and Trends
The demand for shoes with knitted uppers is being propelled by several key factors, including rising awareness of health issues such as obesity, diabetes, and heart diseases. These conditions have encouraged people to engage in physical activities like jogging, gymnastics, and sports, thereby increasing the need for comfortable athletic footwear. Additionally, technological advancements in knitting techniques, such as the use of yarn dyed without traditional dyeing processes, have further enhanced the appeal of these shoes by offering innovative patterns and colors while maintaining functionality.

Moreover, the increasing popularity of sports, particularly soccer, basketball, and tennis, especially among children, is further accelerating market growth. The shift toward eco-consciousness and sustainability is also contributing to the rise of recyclable and water-resistant knitted shoes, aligning with global trends of reduced environmental impact.

However, stringent government regulations, such as the Consumer Product Safety Improvement Act (CPSIA) for children’s footwear in the U.S., may limit market expansion, as it requires mandatory safety tests for certain products. Despite this, ongoing advancements in footwear technologies such as 3D printing, self-lacing mechanisms, and the use of plant-based materials are expected to create new growth opportunities for the industry.

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Market Segmentation and Scope
The global shoe with knitted upper market is segmented based on nature, type, distribution channel, and geography. The major categories include:

  • By Nature: Disposable, Recyclable
  • By Type: Casual Shoes, Sports Shoes, Running Shoes
  • By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, E-Commerce, Others
  • By Geography: North America, Europe, Asia-Pacific, Rest of the World (RoW)

Regional Insights
North America is expected to hold the largest market share, driven by increasing consumer adoption of knitted shoes and high rates of obesity that demand footwear offering additional support. In 2020, the U.S. recorded an obesity prevalence of over 41%, which supports the growing need for specialized footwear. Additionally, the presence of major players like Nike, Adidas, and Skechers in the region continues to bolster market expansion.

Asia-Pacific is projected to experience steady market growth, supported by the rising popularity of e-commerce platforms and increased awareness campaigns, such as those led by Bollywood celebrities for eco-friendly products like Neeman’s ReLive Knits, which are made from 100% recycled PET bottles.

Competitive Landscape
The competitive landscape in the shoe with knitted upper market is highly dynamic, with several prominent players involved in strategic partnerships and collaborations to maintain a competitive edge. Key players in the market include New Balance, Adidas AG, ASICS Corporation, FILA Holdings Corp., Jack Wolfskin GmbH & Co. KGaA, K-SWISS, Nike Inc., Puma SE, Skechers USA, Inc., and VF Corporation.

For example, in 2021, Stone Island collaborated with New Balance to launch a 3D-knit upper shoe, showcasing cutting-edge design and technology. Such innovations contribute to the growing appeal of knitted footwear in the global market.

Key Benefits of the Report

  • Provides quantitative analysis of the current market and forecasts from 2022 to 2030.
  • Identifies key trends, opportunities, drivers, and restraints that could impact the market’s future growth.
  • Offers a competitive analysis of the major market players, their market share, and key strategies.
  • Provides in-depth analysis using tools like SWOT and Porter’s Five Forces models to understand market dynamics.
  • Highlights the value chain and stakeholders involved in the production and distribution of knitted shoes.

Conclusion
The Shoe with Knitted Upper Market is poised for significant growth as consumer demand for comfortable, stylish, and eco-friendly footwear continues to rise. Technological innovations, combined with the growing popularity of sports and fitness, will drive the market forward. However, challenges such as regulatory hurdles and competition from traditional footwear will require companies to stay agile and invest in innovation to maintain their market position.

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For more information, please contact:

Next Move Strategy Consulting

E-Mail: info@nextmsc.com

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Website: www.nextmsc.com

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About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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