United States Footwear Market Report and Forecast 2024-2032

United States Footwear Market Report and Forecast 2024-2032

United States Footwear Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the United States footwear market size reached a value of USD 97.72 billion in 2023. Aided by the evolving fashion trends, increasing consumer spending on footwear, and the expanding influence of e-commerce platforms, the market is projected to further grow at a CAGR of 2.72% between 2024 and 2032 to reach a value of USD 125.68 billion by 2032.

Footwear in the United States encompasses a wide range of product types including athletic shoes, casual shoes, formal shoes, sandals, boots, and others. Each segment caters to specific consumer needs, whether it be for sports, formal occasions, or everyday comfort.

Several factors contribute to the dynamic expansion of the footwear market in the United States. A key driver is the integration of fashion and function, with consumers seeking shoes that provide comfort without compromising style. Innovations in shoe technology, such as improved cushioning systems and lightweight materials, enhance the appeal of modern footwear.

The influence of celebrity endorsements and fashion collaborations cannot be understated, as they play a crucial role in shaping consumer preferences and boosting sales. Moreover, the rise of sustainable and ethical fashion has spurred demand for eco-friendly footwear, made from recycled or natural materials, aligning with the growing environmental consciousness among consumers.

The United States footwear market growth is characterised by its rapid adoption of advanced manufacturing technologies including 3D printing and automated stitching, which streamline production processes and reduce labour costs. There is also a significant focus on supply chain optimisation to ensure faster delivery times and reduce environmental impact, reflecting the market’s commitment to sustainability.

There is a rising trend towards developing adaptive footwear that caters to individuals with disabilities or specific medical needs. As per the United States footwear market analysis, these shoes often feature easy-to-use closures, extra comfort, and supportive designs that help enhance mobility. Companies are increasingly recognising the importance of inclusivity in fashion, which is driving innovation in this segment.

The footwear sector is seeing a shift with more brands choosing to bypass traditional retail channels and sell directly to consumers. This direct-to-consumer (DTC) approach allows brands to control their pricing, marketing, and customer interactions more effectively. As per the United States footwear market outlook, it also enables them to gather data directly from customers to improve products and customer service.

Augmented reality is transforming online shopping experiences by allowing customers to visualize how a pair of shoes would look on their feet without leaving their homes. Brands are incorporating AR into their apps and websites, enhancing customer engagement and reducing the uncertainty associated with online shoe shopping, thus potentially decreasing return rates.

Subscription services are becoming popular in the footwear sector, particularly in the athletic and children's segments which boosts the United States footwear market expansion. These services offer regular delivery of shoes at set intervals, which is convenient for consumers and provides brands with a steady revenue stream. This model is particularly appealing for children's footwear, as parents need to update their child's shoes frequently due to growth.

The Western United States, particularly California, holds a significant United States footwear market share due to its large population, high fashion quotient, and the presence of numerous footwear brands. The Northeast follows closely, with a robust demand driven by fashion trends and seasonal changes that require varied footwear.

The future of the market is poised to witness several transformative trends. Personalization and customisation of footwear through digital and retail platforms are becoming increasingly popular, catering to consumers' desire for unique products. Additionally, there is a growing emphasis on smart footwear equipped with sensors and connectivity features, catering to health-conscious consumers interested in tracking their physical activities.

Market Segmentation

The market can be divided based on material, product, pricing, end use, distribution channel, and region.

Market Breakup by Material

• Rubber
• Plastic
• Leather
• Fabric
• Others

Market Breakup by Product

• Athletic Footwear
• Non-Athletic Footwear

Market Breakup by Pricing

• Mass
• Premium

Market Breakup by End Use

• Men
• Women
• Kids

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets
• Speciality Stores
• Online Channels
• Others

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States footwear market. Some of the major players explored in the report by Expert Market Research are as follows:

• Nike, Inc.
• adidas AG
• PUMA SE
• New Balance Athletics, Inc.
• ASICS Corporation
• Skechers U.S.A., Inc.
• Under Armour, Inc.
• FILA Luxembourg, S.a.r.l.
• Okabashi Brands, Inc.
• The Aldo Group Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.