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Boots - Philippines

Philippines
  • In 2024, the Boots market in the Philippines is expected to generate a revenue of US$2.3bn, with an annual growth rate of 1.94% (CAGR 2024-2029).
  • It is noteworthy that the highest revenue in this segment is generated China, with an expected revenue of US$48bn in 2024.
  • In terms of per capita revenue, in the Philippines is expected to generate US$19.03 per person in 2024.
  • Looking ahead, the volume of the Boots market in the Philippines is expected to reach 68.6m pairs by 2029, with a growth rate of 2.0% in 2025.0.
  • Additionally, the average volume per person in the Boots market is expected to be 0.55pairs in 2024.
  • The Philippines' textile and footwear market is experiencing a shift towards sustainable materials and ethical production practices.

Definition:

The market for Boots covers a range of footwear designed for various uses, including outdoor activities, and work environments. This segment includes ankle boots, knee-high boots, hiking boots, and work boots, focusing on durability, protection, and style.

Additional Information:

The market data includes revenue, volume, average price per unit, and sales channels data. Both online and offline distribution channels are covered. Major players include Timberland, Dr. Martens, Caterpillar, and Columbia.

In-Scope

  • Fashion boots (e.g., ankle boots, knee-high boots)
  • Hiking boots
  • Work boots
  • Winter boots

Out-Of-Scope

  • Athletic shoes
  • Casual sneakers
  • Sandals
Boots: market data & analysis - Cover

Market Insights report

Boots: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Feb 2023

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The overall outlook for the fashion industry remains positive as the share of the apparel and footwear portfolio is expected to decline only slightly, leading to enormous overall growth potential. The most important driver for the global footwear market is the increasing importance of emerging markets not only as production sites but also as consumer markets. This indicates a strong impetus for producers and retailers to diversify their geographical presence to enable further growth. Additionally, the athleisure trend that combines comfort with chic and has elevated functional sportswear to coveted fashion statements is bound to continue.

    Methodology

    Data coverage:

    Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

    Modeling approach / Market size:

    Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional Notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

    Consumer

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    Boots: market data & analysis - BackgroundBoots: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Global footwear market - statistics & facts

    The global footwear market is a multi-billion U.S. dollar industry. A part of the clothing and apparel industry, the footwear market is comprised of shoes, sneakers, luxury footwear, athletic footwear, and sporting shoes, as well as other related goods. Footwear products are commonly made of leather, textile, and a range of synthetic materials. In 2023, the revenue of the global footwear market was estimated to be worth almost 400 billion U.S. dollars.
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