United States Footwear Market

Market Overview:

The United States footwear market size reached US$ 89.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.11% during 2023-2028.

Footwear is manufactured using various materials such as wood, leather, canvas, jute, rubber, and plastic to provide comfort and protection to the feet. The style and quality of footwear have evolved over the years with the changing aesthetics and fashion trends. Consumers now prefer purchasing footwear with advanced technical fabrications, which offer maximum comfort while adhering to the ongoing style trend. In the United States, the steadily increasing demand for superior quality footwear has resulted in product innovations that emphasize unique designs and provide optimum support to the feet.

The market for footwear in the United States is primarily driven by the continually evolving fashion trends in the country. For instance, the emerging trend of athleisure footwear, which combines sports footwear with contemporary fineness, is contributing to the market growth significantly. In line with this, being an early adopter of the latest fashion trends, there is the continual launch of product variants with trending designs and styles, which is having a positive impact on the market growth. The easy availability of a wide range of footwear across various e-commerce and well-developed retail channels is acting as another major growth-inducing factor. Moreover, several leading companies are developing smart shoes to expand their product portfolio, which, in turn, is creating a positive outlook for the market. For instance, Nike, Inc. has launched innovative self-lacing shoes, called “HyperAdapt,” which have pressure sensors in the soles. Other factors, such as extensive research and development (R&D) activities to introduce sustainable footwear, ranging from hay-based sneakers to biodegradable and vegan stilettos, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States footwear market report, along with forecasts at the country and regional level from 2023-2028. Our 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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the United States footwear market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States footwear market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the pricing?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the United States footwear market and who are the key players?
• What is the degree of competition in the industry?