Philippines Apparel and Footwear Market Growth, Revenue, Share, Scope and Future Competition
Philippines Apparel and Footwear Market Size- By Gender, By Age Group, By Apparel Fabric, By Distribution Channel, By Type of Business, By Location of Raw Materials, By Mechanization Facilities, By Market Type, By Usage, By Footwear Categories, By Footwear Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: FMCG2311 | Pages: 1 - 103 | Formats*: |
| Category : Consumer & Retail | |||
Philippines Apparel and Footwear Market Overview
According to SPER Market Research, the Philippines Apparel and Footwear Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The Philippines' market for apparel and footwear items has been developing quickly. The market has been dramatically altered by strategic alliances, retail chain growth, improved product range, and rising brand recognition. The untapped potential of the Filipino market has also been highlighted by the trading situation for clothing and footwear items. Imports with high brand names but inexpensive prices have ruled the market. On the other hand, Japan and North America have proven to be significant markets for Philippine exports. Furthermore, exports are probably going to rise over the next five years as more international firms that manufacture clothing and shoes enter the market. As a result, it has been predicted that domestic market competitiveness would rise, leading to price wars amongst shops. The Philippines' garment sector has grown as a result of consumer demand for imported goods and price reductions. The majority of the processes used in the Philippines to produce shoes are manual or semi-mechanized. Many domestic businesses use leather as their main source of footwear raw material. The Philippine Footwear Federation and Sigla ni Kapitan Moy, two significant organisations that operate in the sector and serve as business assistance groups for footwear makers. The preference for expensive footwear items and a lack of replacement demand are the main elements that have contributed to the industry's rise.
-01228061022023.jpg)
Impact of COVID-19 on the Philippines Apparel and Footwear Market
The Philippino Economic Outlook has changed into a recession as a result of the COVID-19 breakout becoming a pandemic on a global scale. Considering the combined effect of shop closures and frugality as a result of the fast-deteriorating economic situation, the discretionary character of clothing and footwear is making them some of the most seriously affected by the pandemic. Manufacturing centres in Philippines are feeling the effects twice. First, the pandemic-related suspension of activities. Then there is the growing number of orders being cancelled by international and local clients who are unable to sell or hoard goods. An increasing number of hours spent at home and a decrease in the number of channels accessible to purchase from are expected to benefit some categories (leisurewear) and channels (e-commerce, contemporary grocery shops, etc.) notwithstanding the impact of the abrupt decline in consumption. The industry is looking back in anticipation of the recessionary consumer attitude and extremely economical approach to clothes and footwear buying that will undoubtedly follow the pandemic, since most of the Philippines market are headed into recession.
-01227571022023.jpg)
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Gender, By Age Group, By Apparel Fabric, By Distribution Channel, By Type of Business, By Location of Raw Materials, By Mechanization Facilities, By Market Type, By Usage, By Footwear Categories, By Footwear Material |
| Regions covered | Luzon, Mindanao, Visayas, Other Parts of Philippines |
| Companies Covered | Advance Uniflex Technology Incorporated, American Star Apparel Phils. Inc., Bench Inc., Datian Subic Shoes Inc., Federalshoes Marketing, Foot Plus Manufacturing Corporation, Golden ABC Co., Lilli Marketing Corporation, Maratex Manufacturing Corporation, Paramount Footwear Co Inc., Penshoppe Inc., Prince Footwear Inc., Radico Enterprises Group Corp, Robinsons Retail, SM Group Co. |
Philippines Apparel and Footwear Market Segmentation:
1. By Gender:
- Female
- Male
2. By Age Group:
- Below 14 Years
- Above 14 Years
3. By Apparel Fabric:
- Cotton
- Linen
- Silk
- Others
4. By Distribution Channel:
- Online
- Offline
5. By Type of Business:
- Corporation
- Partnership
- Sole Proprietorship
6. By Location of Raw Materials:
- Imports
- Local
7. By Mechanization Facilities:
- Fully-Mechanized
- Manual
- Semi-Mechanized
8. By Market Type:
- Organised Market
- Unorganised Market
9. By Usage:
- Casual Wear
- Formal Wear
10. By Footwear Categories:
- Regular
- Running/Walking
- Sports
- Others
11. By Footwear Material:
- Leather and Rubber
- Synthetic
- Others
12. By Region:
- Luzon
- Mindanao
- Visayas
- Other Parts of Philippines
Key Topics Covered in the Report
- Size of Philippines Apparel and Footwear Market (FY’2019-FY’2032)
- Overview of Philippines Apparel and Footwear Market
- Segmentation of Philippines Apparel and Footwear Market By Gender (Female, Male)
- Segmentation of Philippines Apparel and Footwear Market By Age Group (Below 14 Years, Above 14 Years)
- Segmentation of Philippines Apparel and Footwear Market By Apparel Fabric (Cotton, Linen, Silk, Others)
- Segmentation of Philippines Apparel and Footwear Market By Distribution Channel (Online, Offline)
- Segmentation of Philippines Apparel and Footwear Market By Type of Business (Corporation, Partnership, Sole Proprietorship)
- Segmentation of Philippines Apparel and Footwear Market By Location of Raw Materials (Imports, Local)
- Segmentation of Philippines Apparel and Footwear Market By Mechanization Facilities (Fully Mechanized, Manual, Semi-Mechanized)
- Segmentation of Philippines Apparel and Footwear Market By Market Type (Organised Market, Unorganised Market)
- Segmentation of Philippines Apparel and Footwear Market By Usage (Casual Wear, Formal Wear)
- Segmentation of Philippines Apparel and Footwear Market By Footwear Categories (Regular, Running/Walking, Sports, Others)
- Segmentation of Philippines Apparel and Footwear Market By Footwear Material (Leather and Rubber, Synthetic, Others)
- Statistical Snap of Philippines Apparel and Footwear Market
- Growth Analysis of Philippines Apparel and Footwear Market
- Problems and Challenges in Philippines Apparel and Footwear Market
- Competitive Landscape in the Philippines Apparel and Footwear Market
- Impact of COVID-19 and Demonetization on Philippines Apparel and Footwear Market
- Details on Recent Investment in Philippines Apparel and Footwear Market
- Competitive Analysis of Philippines Apparel and Footwear Market
- Major Players in the Philippines Apparel and Footwear Market
- SWOT Analysis of Philippines Apparel and Footwear Market
- Philippines Apparel and Footwear Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Philippines Apparel and Footwear Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1. Philippines Apparel and Footwear Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Apparel and Footwear Market
7. Philippines Apparel and Footwear Market, By Gender, 2019-2032 (USD Million)
7.1. Female7.2. Male
8. Philippines Apparel and Footwear Market, By Age Group, 2019-2032 (USD Million)
8.1. Below 14 Years8.2. Above 14 Years
9. Philippines Apparel and Footwear Market, By Apparel Fabric, 2019-2032 (USD Million)
9.1. Cotton9.2. Linen9.3. Silk9.4. Others
10. Philippines Apparel and Footwear Market, By Distribution Channel, 2019-2032 (USD Million)
10.1. Online10.2. Offline
11. Philippines Apparel and Footwear Market, By Type of Business, 2019-2032 (USD Million)
11.1. Corporation11.2. Partnership11.3. Sole Proprietorship
12. Philippines Apparel and Footwear Market, By Location of Raw Materials, 2019-2032 (USD Million)
12.1. Imports12.2. Local
13. Philippines Apparel and Footwear Market, By Mechanization Facilities, 2019-2032 (USD Million)
13.1. Fully-Mechanized13.2. Manual13.3. Semi-Mechanized
14. Philippines Apparel and Footwear Market, By Market Type, 2019-2032 (USD Million)
14.1. Organised Market14.2. Unorganised Market
15. Philippines Apparel and Footwear Market, By Usage, 2019-2032 (USD Million)
15.1. Casual Wear15.2. Formal Wear
16. Philippines Apparel and Footwear Market, By Footwear Categories, 2019-2032 (USD Million)
16.1. Regular16.2. Running/Walking16.3. Sports16.4. Others
17. Philippines Apparel and Footwear Market, By Footwear Material, 2019-2032 (USD Million)
17.1. Leather and Rubber17.2. Synthetic17.3. Others
18. Philippines Apparel and Footwear Market, By Region, 2019-2032 (USD Million)
18.1. Philippines Apparel and Footwear Size and Market Share by Region (2019-2025)18.2. Philippines Apparel and Footwear Size and Market Share by Region (2026-2032)18.3. Luzon18.4. Mindanao18.5. Visayas18.6. Other Parts of Philippines
19. Company Profiles
19.1. Advance Uniflex Technology Incorporated19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. American Star Apparel Phils. Inc.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Bench Inc.19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Datian Subic Shoes Inc.19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Federalshoes Marketing19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Foot Plus Manufacturing Corporation19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Golden ABC Co.19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Lilli Marketing Corporation19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Maratex Manufacturing Corporation19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Paramount Footwear Co Inc.19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Penshoppe Inc.19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments19.12. Prince Footwear Inc.19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments19.13. Radico Enterprises Group Corp.19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments19.14. Robinsons Retail19.14.1. Company details19.14.2. Financial outlook19.14.3. Product summary19.14.4. Recent developments19.15. SM Group Co.19.15.1. Company details19.15.2. Financial outlook19.15.3. Product summary19.15.4. Recent developments
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Philippines Apparel and Footwear Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.
Philippines Apparel and Footwear Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.
Philippines Apparel and Footwear Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Philippines Apparel and Footwear Market size is USD XX billion from 2022 to 2032.
Philippines Apparel and Footwear Market Segment is Covered By Gender, By Age Group, By Apparel Fabric, By Distribution Channel, By Type of Business, By Location of Raw Materials, By Mechanization Facilities, By Market Type, By Usage, By Footwear Categories, By Footwear Material.
The Asia-Pacific region is anticipated to have the highest market share in the Philippines Apparel and Footwear Market.
The key players in the market include Companies Covered Advance Uniflex Technology Incorporated, American Star Apparel Phils. Inc., Bench Inc., Datian Subic Shoes Inc., Federalshoes Marketing, Foot Plus Manufacturing Corporation, Golden ABC Co., Lilli Marketing Corporation, Maratex Manufacturing Corporation, Paramount Footwear Co Inc., Penshoppe Inc., Prince Footwear Inc., Radico Enterprises Group Corp, Robinsons Retail, SM Group Co.
The Philippine Footwear Federation and Sigla ni Kapitan Moy, two significant organisations that operate in the sector and serve as business assistance groups for footwear makers. The preference for expensive footwear items and a lack of replacement demand are the main elements that have contributed to the industry's rise.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
