IMARC Group, a leading market research company, has recently releases report titled “United States Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States footwear market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the United States Footwear Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 89.4 Billion |
| Market Forecast in 2028 | US$ 107.6 Billion |
| Growth rate (2023 to 2028) | CAGR of 3.11% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Footwear?
Footwear is crucial daily, providing protection, comfort, and style. Whether athletic shoes, boots, sandals, or casual sneakers, the right footwear enhances our performance, prevents injuries, and complements our fashion choices. It shields against external elements, such as extreme weather conditions, sharp objects, and uneven surfaces. It provides stability and support to our feet, preventing strains, sprains, and discomfort. Technological advancements have led to the development of specialized footwear for specific activities, like running, hiking, and sports, offering superior cushioning, traction, and breathability. Apart from functionality, footwear has become integral to personal style. It reflects one’s personality, fashion sense, and cultural preferences. The vast array of designs, colors, and materials allows us to express ourselves through our footwear choices. From elegant heels to casual sneakers, footwear has the power to enhance the overall look and boost confidence. It has evolved, blending traditional craftsmanship with modern innovation. Sustainable materials, eco-friendly manufacturing processes, and ergonomic designs are becoming increasingly important in the footwear industry of the United States.
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What are the Growth Prospects and Trends in the United States Footwear Market?
The market in the United States is majorly driven by the increasing disposable incomes of individuals. In line with this, the changing fashion trends are significantly contributing to the product demand. Consumers seek trendy footwear to stay in line with the latest styles and express their style. Furthermore, as people have more spending power, they are more likely to invest in quality footwear and explore a wider range of brands and styles. The rising demand for athletic footwear and comfortable shoes suitable for physical activities, such as running, walking, and gym workouts, is positively influencing the market. Moreover, the endorsement and promotion of footwear brands by celebrities and social media influencers favorably impacts consumer preferences. Consumers often aspire to emulate their favorite personalities’ styles, leading to increased demand for the footwear they endorse. Besides, the rise of e-commerce has made footwear more accessible to consumers. Online shopping offers convenience, a wider range of choices, competitive pricing, accelerating product sales. The United States has a diverse population of different ages, ethnicities, and lifestyles. Demographic factors, such as population growth, age distribution, and cultural preferences, influence the demand for specific types of footwear. The athleisure trend, which blends athletic and leisurewear, has also gained popularity in the United States. This trend has increased the demand for comfortable and stylish athletic-inspired footwear worn in casual and everyday settings. This, in turn, is providing a boost to the market.
What is Included in Market Segmentation?
The report has categorized the market based on product, material, distribution channel, pricing and end user.
Breakup by Product:
- Non-Athletic Footwear
- Athletic Footwear
Based on Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Analysed by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
On basis of Pricing:
- Premium
- Mass
Market by End User:
- Men
- Women
- Kids
Regional Analysis:
- · Northeast
- · Midwest
- · South
- · West
Who are the Key Players Operating in the United States Footwear Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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