Footwear Market - United States

Market Statistics

Market Size in 2023: USD 92.2 Billion

Market Forecast in 2032: USD 118.2 Billion

Market Growth Rate: 2.72% (2024-2032)

According to the latest report by IMARC Group, The United States footwear market size reached USD 92.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 118.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.72% during 2024-2032. The market is experiencing significant growth, driven by increasing consumer demand for stylish and comfortable footwear. This expansion is fueled by advancements in footwear technology and the rising focus on fashion and personal style.

United States Footwear Industry Trends and Drivers:

• Expanding Urbanization and Evolving Consumer Preferences:
  • Increasing population in urban areas, especially in cities like New York, Los Angeles, and Chicago, is driving demand for diverse footwear options suited to different lifestyles.
  • Rising disposable incomes and a shift towards fashion-conscious and active lifestyles are contributing significantly to market growth.
• Impact of E-commerce:
  • Growth of e-commerce platforms has made footwear more accessible, allowing consumers to explore a wide range of brands and styles online.
  • Consumers can now shop conveniently from home, boosting demand for online footwear purchases.
• Demand for Premium and Luxury Footwear:
  • Favorable economic conditions and increased interest in personal style are driving the demand for premium and luxury footwear.
  • International brands are making increased investments to capitalize on the expanding United States consumer base.
• Key Market Trends: Sustainability and Digitalization:
  • Rising focus on sustainable practices is prompting companies to innovate in material sourcing and production processes to reduce their carbon footprint.
  • Brands are incorporating recycled fabrics, biodegradable materials, and eco-conscious packaging to attract environmentally conscious consumers.
• Sustainability in the Fashion Industry:
  • Consumers are increasingly opting for eco-friendly and ethically produced footwear.
  • Footwear brands are introducing products made from recycled materials, vegan leather, and other environmentally friendly alternatives, supporting market expansion.
• Technological Innovation:
  • Advancements like 3D printing are enhancing production efficiency and customization capabilities.
  • Brands are leveraging technologies like augmented reality (AR) and virtual fitting tools to improve the online shopping experience.
• Smart Footwear:
  • Growing popularity of smart shoes with integrated fitness tracking features is contributing to market growth, catering to a health-conscious consumer base.
• Impact of the COVID-19 Pandemic:
  • Increased demand for comfortable, casual footwear as consumers work from home and prioritize comfort and functionality.
  • The shift toward remote work and more relaxed dress codes is driving demand for casual and athleisure footwear, creating a favorable industry outlook.

This comprehensive view of the United States footwear market highlights the influence of urbanization, e-commerce, sustainability, and digital trends in shaping industry dynamics.

Download sample copy of the Report: https://www.imarcgroup.com/united-states-footwear-market/requestsample

United States Footwear Industry Segmentation:

The report has segmented the market into the following categories:

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.

Request for customization: https://www.imarcgroup.com/request?type=report&id=2924&flag=F

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.  IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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