Shoe Insoles Market
Shoe Insoles Market Size, Share & Trends Analysis Report by Application (Casual, Athletic, and Orthotics), by Material (Foam, Gel, and Rubber), and by End-User (Men and Women) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Shoe insoles market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The rising prevalence of sports-related injuries such as muscle tear and joint dislocation among athletes is growing the demand for shoe insoles across the globe during the forecast period. According to the Johns Hopkins University (Homewood Student Organization), in the US around 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries happen each year. Almost one-third of all injuries incurred in childhood are sports-related injuries. By far, the most common injuries are sprains and strains. Further, almost 215,000 children aged between 5-14 years were treated in hospital emergency rooms for football-related injuries. Hence, these increasing sports-related injuries are boosting the demand for shoe insoles during the forecast period as these shoe insoles can support relieving any strain or sprain felt during sports activity.
Segmental Outlook
The global shoe insoles market is segmented based on application, material, and end-user. Based on application, the market is segmented into casual, athletic, and orthotics. Based on material, the market is sub-segmented into foam, gel, and rubber. Based on end-user the market is anticipated into men and women. Among the end-user, the women segment is anticipated to grow at a substantial CAGR over the forecast period, due to the growing female working population and increasing female participation in sports activities. On contrary, the men's sub-segment is expected to hold a prominent share of the market. According to International Labour Organization (ILO), in 2022, the current global labor force participation rate is around 47% and 72% for women and men, respectively.
Among the material, the foam sub-segment is expected to hold a prominent market share over the forecast period. Owing to the extra support and excellent pressure relief, the market is anticipated to grow. The chemical present in foam acts as a medical treatment for feet, and the density provides bounce and comfort in the shoes. These foam insoles are made up of high-density polyurethane, which is commonly used in mattresses and sofas.
Regional Outlooks
The global shoe insoles market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is anticipated to experience prominent growth in the shoe insoles market. The primary factor contributing toward the growth include the changing lifestyle coupled with the increasing demand for better quality shoes. According to the Observatory of the Economic Complexity (OEC), in 2020, one of the top importers of footwear parts was China with import worth $272 million.
Global Shoe Insoles Market Growth, by Region 2022-2028
North America is Expected to Hold a Considerable Share in the Global Shoe Insoles Market
North America is expected to hold a considerable share in the global shoe insoles market during the forecast period. The major factor bolstering regional growth includes technological advancements coupled with new product launches. The new product launch will influence people to buy these insoles for their health. For instance, in May 2021, New Balance Athletics, Inc. launched three insoles to expand its insole offerings. The products include causal therapeutic cushion insoles, sports active cushion insoles, and causal metatarsal support insoles.
Market Players Outlook
The major companies serving the global shoe insoles market include Bauerfeind AG, Bayer AG, Foot Science International, Peacocks Medical Group, Stable Step, LLC., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2021, Superfeet Worldwide, Inc. partnered with a private equity Seattle-based firm westward partners, this equity firm invests in Northwest companies showing strong performance while Superfeet Worldwide, Inc. is industry-leading biomechanics, innovation, product, and technology.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global shoe insoles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Bauerfeind AG
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bayer AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Foot Science International
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Peacocks Medical Group
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Stable Step, LLC
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Shoe Insoles Market by Application
4.1.1. Casual
4.1.2. Athletic
4.1.3. Orthotics
4.2. Global Shoe Insoles Market by Material
4.2.1. Foam
4.2.2. Gel
4.2.3. Rubber
4.3. Global Shoe Insoles Market by End-user
4.3.1. Men
4.3.2. Women
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aline Systems, Inc.
6.2. Net Distribution Services Pvt. Ltd.
6.3. Aetrex Worldwide, Inc.
6.4. Arneplant, S.L.
6.5. Atlantic Footcare, Inc.
6.6. Currex LLC
6.7. Digitsole
6.8. Faes Farma S.A.
6.9. Footbalance System Ltd.
6.10. Implus Footcare, LLC
6.11. Ottobock SE & Co KGaA
6.12. Solo Laboratories, Inc.
6.13. Sorbothane, Inc
6.14. Spenco Medical Corp
6.15. Superfeet Worldwide, LLC
6.16. Texon International Group Ltd.
1. GLOBAL SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2. GLOBAL CASUAL SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ATHLETIC SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ORTHOTICS SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBALSHOE INSOLES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
6. GLOBAL SHOE INSOLES OF FOAM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SHOE INSOLES OF GEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SHOE INSOLES OF RUBBER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
10. GLOBAL SHOE INSOLES FOR MEN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SHOE INSOLES FOR WOMEN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
16. NORTH AMERICAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
17. EUROPEAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
20. EUROPEAN SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25. REST OF THE WORLD SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
28. REST OF THE WORLD SHOE INSOLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL SHOE INSOLES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
2. GLOBAL CASUAL SHOE INSOLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL ATHLETIC SHOE INSOLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL ORTHOTICS SHOE INSOLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL SHOE INSOLES MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
6. GLOBAL SHOE INSOLES OF FOAM MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL SHOE INSOLES OF GEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL SHOE INSOLES OF RUBBER MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL SHOE INSOLES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
10. GLOBAL SHOE INSOLES FOR MEN MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SHOE INSOLES FOR WOMEN MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL SHOE INSOLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
15. UK SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD SHOE INSOLES MARKET SIZE, 2021-2028 ($ MILLION)
