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 growth, share, size, trends, and 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 a protective covering for feet that provides comfort and protection. It can be manufactured using diverse materials, such as leather, wood, canvas, rubber, jute, and plastic. Footwear is available in machine-made and handcrafted variants while catering to non-athletic and athletic needs. In the United States, consumers are increasingly inclined towards purchasing footwear that combines advanced technical fabrication with maximum comfort and contemporary style. The footwear market is witnessing rapid expansion, driven by the growing demand for high-quality footwear with unique designs that offer optimal foot support. This trend reflects the increasing emphasis on superior quality, comfort, and style in footwear choices among consumers.
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What are the Growth Prospects and Trends in the United States Footwear Market?
The increasing demand for premium and luxury footwear due to the rising consumer expenditure power is one of the primary factors driving the footwear market in the United States. Moreover, the surging health consciousness and shifting consumer inclination towards athletic and physical activities are providing an impetus to the market growth. In line with this, key manufacturers are developing innovative products with unique designs and superior comfort. They are also adopting aggressive promotional strategies to increase their consumer base, which is accelerating the market growth. Besides this, the easy availability of footwear in online retail stores and inflating per capita incomes of consumers are accelerating the market growth in the country.
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
Breakup by Material:
- Rubber
- Leather
- Plastic
- Fabric
- Others
Breakup by Distribution Channel:
- Footwear Specialists
- Supermarkets and Hypermarkets
- Departmental Stores
- Clothing Stores
- Online Sales
- Others
Breakup by Pricing:
- Premium
- Mass
Breakup by End User:
- Men
- Women
- Kids
Breakup by Region:
- 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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