by Custom shoes are designed specifically according to the foot structure, size and any medical conditions of an individual. They provide supreme comfort and support to the feet due to their tailored design. The growing awareness regarding benefits of custom shoes such as injury prevention, comfort and support is driving the need for custom shoes across the globe.
The Global Custom Shoes Market Size is estimated to be valued at US$ 5.8 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
3D Printing technology has revolutionized the custom shoes industry as it allows precise scanning of feet and development of customized shoe designs. 3D printing helps in accurately measuring foot dimensions and printing the shoe using specialized materials according to the measurements. This eliminates inconsistencies in sizing and fit experienced commonly in mass produced shoes. The technology has made customization affordable and accessible for masses. It has become possible to design and manufacture high quality, well fitted shoes tailored to the individual needs within short turnaround time using 3D printing techniques. This emerging trend is expected to propel the custom shoes market substantially over the forecast period.
SWOT Analysis
Strength: Custom shoes can be designed according to individual needs and preferences of customers. This allows to address unique requirements of different customers.
Weakness: Developing custom designs for each customer increases production complexities and costs. Smaller production runs do not allow big volume-based economies of scale.
Opportunity: Rising health awareness is increasing demand for custom-fit shoes tailored to individual body types, activity levels and orthopedic needs. This provides an opportunity to target this growing consumer segment.
Threats: Popular brands providing a wide range of off-the-shelf design and color options pose competition. Technology advancement enabling mass customization by major brands can also pose a threat.
Key Takeaways
The global custom shoes market is expected to witness high growth over the forecast period of 2024 to 2031. The global custom shoes market is estimated to be valued at US$ 5.8 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
The North American region currently dominates the custom shoes market with United States being the major contributor. Availability of several domestic and international brands as well as growing health awareness is driving the market in the region. The Asia Pacific region is expected to be the fastest growing market during the forecast period due to rising incomes, growing millennial population and increasing focus on unique designs.
Key players
Key players operating in the custom shoes market are Aireon LLC, Spider Tracks Limited, BLUE SKY NETWORK, SKY TRAC SYSTEMS LTD, FLYHT Aerospace Solutions Ltd., Rockwell Collins, Garmin International Inc., and Honeywell International Inc. These players are focusing on innovative product development and partnerships to strengthen their market position.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
