According to IMARC Group’s latest report, titled “United States Footwear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing stable growth in 2020. Footwear is a protective covering for the feet typically made of leather, rubber, plastic, jute, etc. Wearing them provides optimum support to the feet and makes locomotion easier. Moreover, footwear also cushions the feet against injuries caused by environmental adversities. Over a period of time, footwear styles and quality have evolved alongside changing aesthetics and fashion trends. Presently, consumers opt for footwear with advanced technical fabrications and features that provide maximum comfort while following the ongoing style trends.
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The constantly evolving fashion trends in the United States are primarily driving the footwear market. In line with this, there is a continuous launch of innovative product variants with trending designs and styles in the market, as the country is an early adopter of the latest fashion trends. Besides this, the rising availability of a wide range of footwear across various e-commerce and brick-and-mortar retail channels is further providing thrust to the market growth. Additionally, the growing demand for superior quality footwear is encouraging product innovations that emphasize on unique designs and comfort for the feet. Furthermore, several leading companies are developing smart product variants with sensors and trackers to expand their product portfolios. Various other factors, including increasing RD activities to introduce sustainable footwear, like biodegradable shoes and vegan stilettos, are expected to further strengthen the United States footwear market in the coming years. Looking forward, the market is expected to continue its stable growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
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
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- 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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