Philippines Apparel and Footwear Market Growth, Revenue, Share, Scope and Future Competition: SPER Market Research

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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.

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.

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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 (FYâ€™2019-FYâ€™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 (FYâ€™2019-FYâ€™2032)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPERâ€™s internal database
2.1.4 Premium insight from KOLâ€™s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Philippines Apparel and Footwear Market

5. Market variables and outlook

5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTERâ€™S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1. Philippines Apparel and Footwear Base Distribution, Sales Area, Product Type
6.2. 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. Female
7.2. Male

8. Philippines Apparel and Footwear Market, By Age Group, 2019-2032 (USD Million)

8.1. Below 14 Years
8.2. Above 14 Years

9. Philippines Apparel and Footwear Market, By Apparel Fabric, 2019-2032 (USD Million)

9.1. Cotton
9.2. Linen
9.3. Silk
9.4. Others

10. Philippines Apparel and Footwear Market, By Distribution Channel, 2019-2032 (USD Million)

10.1. Online
10.2. Offline

11. Philippines Apparel and Footwear Market, By Type of Business, 2019-2032 (USD Million)

11.1. Corporation
11.2. Partnership
11.3. Sole Proprietorship

12. Philippines Apparel and Footwear Market, By Location of Raw Materials, 2019-2032 (USD Million)

12.1. Imports
12.2. Local

13. Philippines Apparel and Footwear Market, By Mechanization Facilities, 2019-2032 (USD Million)

13.1. Fully-Mechanized
13.2. Manual
13.3. Semi-Mechanized

14. Philippines Apparel and Footwear Market, By Market Type, 2019-2032 (USD Million)

14.1. Organised Market
14.2. Unorganised Market

15. Philippines Apparel and Footwear Market, By Usage, 2019-2032 (USD Million)

15.1. Casual Wear
15.2. Formal Wear

16. Philippines Apparel and Footwear Market, By Footwear Categories, 2019-2032 (USD Million)

16.1. Regular
16.2. Running/Walking
16.3. Sports
16.4. Others

17. Philippines Apparel and Footwear Market, By Footwear Material, 2019-2032 (USD Million)

17.1. Leather and Rubber
17.2. Synthetic
17.3. 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. Luzon
18.4. Mindanao
18.5. Visayas
18.6. Other Parts of Philippines

19. Company Profiles

19.1. Advance Uniflex Technology Incorporated
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. American Star Apparel Phils. Inc.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Bench Inc.
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Datian Subic Shoes Inc.
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Federalshoes Marketing
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Foot Plus Manufacturing Corporation
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Golden ABC Co.
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Lilli Marketing Corporation
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Maratex Manufacturing Corporation
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Paramount Footwear Co Inc.
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Penshoppe Inc.
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary
19.11.4. Recent developments
19.12. Prince Footwear Inc.
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary
19.12.4. Recent developments
19.13. Radico Enterprises Group Corp.
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary
19.13.4. Recent developments
19.14. Robinsons Retail
19.14.1. Company details
19.14.2. Financial outlook
19.14.3. Product summary
19.14.4. Recent developments
19.15. SM Group Co.
19.15.1. Company details
19.15.2. Financial outlook
19.15.3. Product summary
19.15.4. 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.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Philippines Apparel and Footwear Market?

Philippines Apparel and Footwear Market is projected to reach USD XX billion by 2032, growing at a CAGR of XX% during the forecast period.

What is the growth rate of the Philippines Apparel and Footwear Market?

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.

What is the anticipated CAGR of the Philippines Apparel and Footwear Market during the forecast period?

Philippines Apparel and Footwear Market CAGR of XX% during the forecast period.

How can I get a sample report on the Philippines Apparel and Footwear Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Philippines Apparel and Footwear Market?

Philippines Apparel and Footwear Market size is USD XX billion from 2022 to 2032.

Which segment is expected to lead the Philippines Apparel and Footwear Market?

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.

Which region is expected to have the highest market share in the Philippines Apparel and Footwear Market?

The Asia-Pacific region is anticipated to have the highest market share in the Philippines Apparel and Footwear Market.

Who are the key players in 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.

What is the conclusion of the Philippines Apparel and Footwear Market?

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.