Saudi Arabia Footwear Market 2024-2030

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    SAUDI ARABIA FOOTWEAR MARKET

     

    INTRODUCTION

    Footwear comes in numerous forms, ranging from simple sandals and flip-flops to more complex shoes and boots designed for specific activities or environments. Materials used in the construction of footwear may include leather, fabric, rubber, and synthetic materials, depending on the intended use and desired characteristics.

     

    The diverse types of footwear cater to a wide range of needs, including athletic shoes for sports, formal shoes for professional or ceremonial occasions, casual shoes for everyday wear, and specialized footwear for occupational or safety purposes.

     

    The design and construction of footwear take into account factors such as support, cushioning, breathability, and durability to ensure that the wearer experiences comfort and protection.

     

    Saudi Arabia’s footwear market is significantly shaped by traditional and cultural factors, as well as religious considerations. There are both local and foreign footwear brands available in the market.

     

    SAUDI ARABIA FOOTWEAR MARKET SIZE AND FORECAST

     

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    The Saudi Arabia Footwear Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    SAUDI ARABIA FOOTWEAR MARKET DYNAMICS

    International brands are frequently well-liked, particularly with younger consumers, but there is also a sizable demand for locally made shoes that take into account the distinct tastes and cultural norms of the Saudi Arabian populace. 

     

    Various retail channels, such as department stores, specialised footwear stores, and internet platforms, are used to sell footwear. Due to their large selection and popularity, malls and shopping centres are preferred locations for shoe shopping.

     

    The Saudi Arabia Footwear market for athletic and sportswear footwear is expanding as a result of the growing popularity of sports and fitness activities. Large international sports brands are well-represented in Saudi Arabia, meeting the growing demand for active and healthy lifestyles.

     

    The premium Saudi Arabia Footwear market is becoming more and more popular, especially among wealthy customers and in cities. Luxurious shopping destinations are becoming home to high-end international brands that cater to a specific niche of consumers who want high-end, designer footwear. 

     

    To know about Europe Footwear Market, Read our report 

     

    RECENT DEVELOPMENT IN SAUDI ARABIA FOOTWEAR MARKET

    Saudi Arabia footwear market saw the launch of four exclusive designs by the luxury British footwear brand Malone Souliers. Throughout the four distinct designs that comprise the Kingdom collection, the label’s signature attention to detail and understated glamour are prominent themes. 

     

    Gold highlights accentuate the green model, and a shiny metallic finish creates contrast with the silver and pink designs.Several high heel options are available for the stunning shoes. A discerning audience is about to be introduced to the company’s signature styles, as the region is recognised for its appreciation of luxury fashion. 

     

    The UAE-based Chalhoub Group has announced the debut of Web3-native shoe brand SOL3MATES, which will create exclusive footwear. SOL3MATES, which bills itself as a “community-centric sneaker brand,” wants to make the sneaker journey immersive and interesting for its community members. This includes incorporating them in the co-creation of upcoming shoe drops and the onboarding of new designers.

     

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    RECENT PARTNERSHIP 

    With the Apparel group, the British footwear chain Clarks has formed a strategic partnership that will enable it to open over 20 new locations in Saudi Arabia. The brand-new Clarks locations in Saudi Arabia will feature an extensive assortment of merchandise, such as their well-known Originals line and a special line of cosy shoes. 

     

    With this growth, Clarks is able to reach more people and satisfy the increasing demand for premium shoes in Saudi Arabia and other regions. Additionally, it gives clients easier access to the classic designs and well-known craftsmanship of Clarks. With a greater assortment of high-end footwear options and an improved shopping experience for customers, the Apparel Group and Clarks partnership is set to completely change the retail scene in Saudi Arabia.

     

    ASICS Arabia, a Japanese sportswear brand affiliate in collaboration with Apparel Group, has established an ambitious expansion strategy for Saudi Arabia and inaugurated its inaugural brick-and-mortar location in Riyadh Park Mall.Known for its fervent belief in the ability of sports to improve mental health and general well-being, ASICS plans to open numerous other locations in key Saudi cities over the course of the next five years. The first location will be at the Red Sea Mall in Jeddah.

     

    SAUDI ARABIA FOOTWEAR MARKET RECENT TRENDS

    • Sustainability and Ethical Practices: Consumers are becoming more conscious of the environmental impact of their purchases. Brands that incorporate sustainable materials, adopt eco-friendly manufacturing processes, and emphasize ethical practices are likely to gain traction. 
    • Digital Transformation and E-Commerce: With the increasing prevalence of online shopping, footwear brands are likely to invest more in their digital presence, creating user-friendly online platforms and leveraging social media for marketing. The convenience of online shopping appeals to consumers, and this trend is expected to continue evolving.
    • Customization and Personalization: Brands that offer customization options, allowing customers to choose colors, materials, and even personalized designs, can attract a niche market segment. This trend aligns with the desire for unique and individualized products.
    • Technology Integration: Smart shoes with features like fitness tracking, temperature control, or connectivity to smartphones are gaining attention. This intersection of fashion and technology can be seen in products such as smart sneakers that appeal to tech-savvy consumers.
    • Local and Cultural Influences: Footwear designs that incorporate elements of Saudi Arabian culture and heritage are gaining popularity. Brands that celebrate local traditions and craftsmanship can resonate well with consumers.

     

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    COMPETITIVE LANDSCAPE

    Saudi Leather Industries Company SLIC main productions are work, military and casual footwear. The shoes are manufactured in the company’s factory located in the second industrial city of Dammam, Eastern Province, with a total area of 15,000 m2. SLIC supplies to various Military sectors in KSA such as the Ministry of Defense, Ministry of interior, National Guards.

     

    Saudi Arabia the Saudi shoe company ltd. has gained immense expertise in supplying & trading Footwear etc. The supplier company is located in Riyadh, Central Province and is one of the leading sellers of listed products.

     

    MTR Foods has taken major steps to revitalise its brand appeal and establish its presence in the homes of modern consumers across India. MTR Foods has consolidated its market leadership in the south and is all set for a strong pan India presence, beginning with forays into the northern, western and eastern regions.

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Footwear are manufactured per annum in Saudi Arabia? Who are the sub-component suppliers in this region?
    2. Cost breakup of a Saudi Arabia Footwear and key vendor selection criteria
    3. Where is the Footwear manufactured? What is the average margin per unit?
    4. Market share of Saudi Arabia Footwear market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Saudi Arabia Footwear in-house
    6. key predictions for next 5 years in Saudi Arabia Footwear market
    7. Average B-2-B Footwear market price in all segments
    8. Latest trends in Footwear market, by every market segment
    9. The market size (both volume and value) of the Footwear market in 2024-2030 and every year in between?
    10. Production breakup of Saudi Arabia Footwear market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2024
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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