Shoe Stores in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
6533Revenue
$55.5bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
2m
Businesses
443k
Wages
$X.Xbn
Shoe Stores in China industry analysis
Strongly growing domestic demand for footwear from China's large population has supported the development of the Shoe Store industry in China over the past five years. In addition, rising income levels and the availability of a wider range of higher quality footwear products has boosted domestic sales for the industry. Industry revenue is expected to increase at an annualized 1.5% over the five years through 2023, to reach $55.5 billion, including expected growth of 4.5% in the current year.Mainland China has been the largest global manufacturing base for footwear since the 1990s. Currently, China supplies over 65.0% of global footwear demand. Domestic manufacturers have gradually improved their manufacturing technologies and designing abilities over the past two decades, which has stimulated demand for new footwear products. Currently, over 443,496 shoe retailers operate in China, employing about 1.8 million people with estimated wage costs of $5.2billion.The industry is projected to grow more slowly over the next five years compared with the past five-year period due to China's ongoing economic slowdown and high cost pressures. Industry revenue is forecast to increase at an annualized 3.9% over the five years through 2028, to reach $67.2 billion. Footwear chain stores and supermarkets are anticipated to grow in popularity. However, clothing and footwear trade centers will likely remain the dominant business models.Due to the effects of the COVID-19 pandemic, people have chosen to stay at home instead of going out to avoid being infected by the virus. During 2020 to 2022, COVID-19 epidemic and express delivery still have a great impact on the Chinese market. Enterprises in the industry are increasing the transformation of Internet marketing business and increasing sales volume through their artists or anchors.
Trends and Insights
- Rising population and income levels have supported demand for footwear. Industry revenue is expected to increase at an annualized 1.5% over the five years through 2023.
- Leather shoes stores are the largest product segment. This category includes shoes with a leather or composite leather upper sole, which are often more expensive than other footwear.
- Activity in the Shoe Store industry in China is concentrated in three provinces and municipalities. Shanghai, Guangdong province and Beijing, which account for an estimated 46.0% of total industry revenue in 2023.
- Competition within the industry is intense due to the large number of shoe stores. Product style and range from the major basis of competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $55.5bn in 2024.
Trends and Insights
Large quantity of population has supported the industry
- China has a population of over 1.4 billion, which provides steady and substantial demand for footwear. Individuals have greater purchasing power due to strongly rising personal income levels.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry development will be promoted by growing income
- The industry is projected to maintain stable growth over the next five years, driven by the developing business models for chain stores and franchises, expansion into third and fourth-tier markets.
Biggest companies in the Shoe Stores in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Shoe Stores in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Leather shoes, Rubber shoes and Textile shoes. Leather shoes is the largest segment of the Shoe Stores in China.
Trends and Insights
Leather shoes stores are the largest product segment
- This category includes shoes with a leather or composite leather upper sole, which are often more expensive than other footwear.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Department Stores & Shopping Malls in China
- Clothing Stores in China
- Online Shopping in China
Complementors
- There are no industries to display.
International industries
- Athletic Shoe Stores in the US
- Online Shoe Sales in the US
- Shoe Stores in Canada
- Footwear Retailing in Australia
- Footwear Retailing in New Zealand
Table of Contents
About this industry
Industry definition
Shoe stores in China retail footwear and include brand stores, specialty stores and booths that sell footwear. Specialty stores established by wholesalers or manufacturers are not included in the industry.
What's included in this industry?
Leather shoes retailingRubber shoes retailingTextile shoes retailingPlastic shoes retailingCompanies
Purchase this report to view all major companies in this industry.
Related Terms
RADIO FREQUENCY IDENTIFICATION (RFID)ENTERPRISE RESOURCE PLANNING (ERP)POINT OF SALE (POS)Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising population and income levels have supported demand for footwear. Industry revenue is expected to increase at an annualized 1.5% over the five years through 2023.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Leather shoes stores are the largest product segment. This category includes shoes with a leather or composite leather upper sole, which are often more expensive than other f...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Activity in the Shoe Store industry in China is concentrated in three provinces and municipalities. Shanghai, Guangdong province and Beijing, which account for an estimated 4...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition within the industry is intense due to the large number of shoe stores. Product style and range from the major basis of competition.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Many shoes manufacturers have established their own stores. By selling by themselves, participants can save large quantity of operation costs.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Shoe Store industry in China is subject to supervision by the Ministry of Commerce (MOC). MOC is responsible for administrating and promoting the development of industrie...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest cost item for footwear retailing in China. This segment has been increasing in recent years due to rising raw material prices.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Shoe Stores industry in China in 2024?
The market size of the Shoe Stores industry in China is $55.5bn in 2024.
How many businesses are there in the Shoe Stores in China industry in 2024?
There are 443k businesses in the Shoe Stores industry in China, which has grown at a CAGR of 0.9 % between 2019 and 2024.
Has the Shoe Stores industry in China grown or declined over the past 5 years?
The market size of the Shoe Stores industry in China has been growing at a CAGR of 1.5 % between 2019 and 2024.
What is the forecast growth of the Shoe Stores industry in China over the next 5 years?
Over the next five years, the Shoe Stores industry in China is expected to grow.
What does the Shoe Stores in China include?
Leather shoes retailing and Rubber shoes retailing are part of the Shoe Stores industry.
How competitive is the Shoe Stores industry in China?
The level of competition is high and steady in the Shoe Stores industry in China.
