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Footwear Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

Footwear Industry in North America: Forecasts to 2021

  • July 2015
  • 39 pages
  • ID: 3147352
In this report:
In addition, growing fashion consciousness among consumers towards footwear products and increasing purchasing power of youth population are expected to boost the demand for footwear in the major countries of North America including the U.S., Canada and Mexico among others during the forecast period.

Summary

Table of Contents

The North America footwear market is classified into athletic and non-athletic footwear. Athletic footwear refers to all kinds of footwear designed for sports purpose or for other forms of physical exercises which comprises insert shoes, sports, hiking shoes and backpacking boots for men, women and children. Non-athletic footwear includes all kinds of footwear which can be classified into dress formal, casual footwear and fashion footwear.

The Footwear market in North America (NA) is primarily driven by factors including growing consumer preferences for innovative product designs and the urge to stay active and fit. Furthermore, change in fashion trends along the easy availability through online platforms are the principal drivers responsible for the growth of footwear market in North America continent. The athletic footwear segment is forecast to grow at a faster rate compared to the non athletic segment in terms of income during the outlook period. Increasing number of athletes and the multipurpose usage of athletic footwear are some of the reasons responsible for the faster growth of the athletic footwear segment as compared to the non athletic segment. On the other hand, factor including rising demand for innovative designs and rise in number of working women are fuelling the growth of non athletic footwear segment.

North America footwear market is forecast to undergo different changes including additional variations being added along with the introduction of additional styles. New trends have shown, there is a rising concern among people for eco fashion. Ethical footwear and recycled footwear is primarily driving this sector. Additionally, increasing fashion consciousness among consumers towards footwear products and rising purchasing power of youth population are anticipated to boost the market demand for footwear in the main countries of North America containing the U.S.A, Canada (CA) and Mexico (MX) among others during the estimate period.

The North America footwear market by gender is divided into men footwear, women footwear and kid's footwear. The industry for men footwear is comparatively larger as compared to the women and kids footwear and the trend is forecast to remain the same throughout the forecast period. Brand and fashion consciousness are the factors driving the sector for men footwear market. Moreover, additional technological innovations in footwear, ethical shoes, innovative designs and eco-fashion are anticipated to boost men footwear market. Nevertheless, rise in the number of working women in most countries of North America is driving the industry for women footwear.

The industry report also offers an understanding of volume and value of the North America footwear market. The report also contains estimate from 2015-2021 and highlights current and future market trends. On top of, the study also focuses on the drivers, market restraints and alternatives impacting the North America footwear market.

By country, the sector has been broken down into the U.S., Canada (CA), Mexico (MX) and others. Mexico (MX) is forecast to witness quickest growth in the North America footwear market during the outlook period. Technological innovations in footwear, and growing online sales are driving the footwear market. Additionally, change in lifestyle and quick expansion of shopping centers is also anticipated to increase the industry demand for footwear in Mexico (MX).

The analysis also offers the company market share analysis of top players in this region. The market research also offers an understanding of brand shares of footwear market. The top players operating in footwear market are Adidas AG, Nike Inc, Skechers U.S.A., Incorporated, Asics Corporation and The Aldo Group Inc.among others.

North America Footwear Market: By country

USA

Canada (CA)

Mexico (MX)

Others

North America Footwear Market: By category

Athletic Footwear

Non-athletic Footwear

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