US Footwear Market - Share, Industry Trends and Forecast to 2024-2032

United States Footwear Market Overview
Market Size in 2023: USD 92.2 Billion
Market Forecast in 2032: USD 118.2 Billion
Market Growth Rate: 2.72% (2024-2032)

The U.S. footwear market is expanding rapidly, driven by increasing consumer demand for stylish and comfortable footwear. According to the latest report by IMARC Group, the 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.

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United States Footwear Industry Trends and Drivers:
The United States footwear market is witnessing the growing demand for sustainable and eco-friendly footwear. As consumers become more environmentally conscious, brands are increasingly focusing on developing shoes made from recycled materials, natural fibers, and biodegradable components. This shift is driven by the desire to reduce carbon footprints and meet regulatory requirements around sustainability.

Additionally, the athleisure trend is continuing to drive growth, as consumers seek versatile footwear that combines comfort with style. Brands are developing shoes that can transition seamlessly between casual wear and performance activities. Another trend impacting the market is the rise of direct-to-consumer (DTC) sales, fueled by the growth of e-commerce platforms. This shift allows brands to bypass traditional retail channels, offering competitive pricing and personalized shopping experiences. Customization is also gaining traction, with consumers increasingly looking for shoes tailored to their preferences, including unique designs, fits, and features.

The United States footwear market is experiencing steady growth, driven by the rising consumer demand for comfortable and stylish footwear that supports a modern, active lifestyle. As consumers engage in various activities, from running to casual outings, they seek shoes that provide both performance and aesthetic appeal. This demand has prompted brands to innovate, creating shoes that blend functionality with fashion. Another crucial driver is the increasing focus on sustainability, which is reshaping the market landscape. Brands are investing in research and development to create eco-friendly footwear that aligns with the preferences of environmentally conscious consumers.

Additionally, the expansion of e-commerce is contributing to market growth by offering consumers a convenient platform to explore a wide variety of footwear options. The pandemic has accelerated the shift toward online shopping, and brands are capitalizing on this by enhancing their digital presence and offering personalized shopping experiences. The growing interest in health and fitness is also driving the demand for athletic footwear, as consumers prioritize products that support their active lifestyles. Furthermore, the premiumization of footwear is emerging as a significant driver, with consumers willing to pay more for high-quality, durable, and stylish shoes.

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.

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.

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Contact Us:
IMARC Group
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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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