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North America Footwear Market is Expected to Reach USD 89,717.9 million in 2021:Transparency Market Research
Footwear Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Published 10 September 2015
According to a new market report published by Transparency Market Research “Footwear Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” North America Footwear Market was valued at USD 80,594.4 million in 2014, growing at a CAGR of 1.5% from 2015 to 2021 to account for USD 89,717.9 million by 2021.
The North America footwear market is mainly driven by factors such as increasing consumer preferences for innovative product designs and the urge to stay active and fit. Moreover, change in fashion coupled with the easy availability of footwear through online platforms is driving the growth of footwear market. The athletic footwear segment is expected to be growing at a faster rate as compared to the non athletic segment in terms of revenue. Growing number of athletes and the multi purpose usage of athletic footwear are some of the factors responsible for the fast growth of the athletic footwear segment as compared to the non athletic segment.
By product type, the North America Footwear market is categorized into: athletic footwear and non-athletic footwear. The market for non-athletic footwear is comparatively larger as compared to the athletic footwear market and the trend is expected to remain same throughout the forecast period. Factors such as growth in the online sales and changing lifestyle have resulted in an increased demand for footwear in North America.
Athletic footwear market has been further segmented into– insert shoe, sports (cross training), hiking shoes and backpacking boots. Dress/formal, casual footwear and fashion footwear are the sub segments of the Non-athletic footwear market.
The U.S. held the largest share in North America in 2014 in terms of revenue and the country is expected to continue its dominance throughout the forecast period. Improvement in comfort levels of footwear and changing fashion trends are mainly driving the footwear market in the U.S.
The market for non-athletic footwear is comparatively higher as compared to the athletic footwear. Consumers prefer non-athletic footwear as a result of change fashion trends and rise in number of working women. Whereas consumers prefer athletic footwear due to changes in lifestyle and introduction of new footwear styles and growing concern towards health. The non-athletic footwear market segment is expected to dominate the footwear market throughout the forecast period
The report covers the footwear types in North America and also the key players operating in footwear market. The key players have been profiled on the basis of company overview, financial overview, business strategies and recent developments. Major market participants profiled in this report include Adidas AG, Nike Inc, Asics Corp and The Aldo Group Inc. among others.
Browse the full Footwear Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/north-america-footwear-market.html
North America Footwear Market: By Type
- Athletic Footwear
- Non-athletic Footwear
The report provides a cross-sectional analysis of all the above segments with respect to the following countries:
North America Footwear Market: By country
- U.S.
- Canada
- Mexico
- Rest of North America
About Us
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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