North America Footwear Market Size & Outlook, 2023-2030
North America footwear market, 2018-2030 (US$M)
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North America footwear market highlights
- The North America footwear market generated a revenue of USD 111,877.8 million in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, non-athletic was the largest revenue generating product in 2023.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 111,877.8 million |
| Market revenue in 2030 | USD 145,230.5 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Non-athletic |
| Fastest growing segment | Athletic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Athletic, Non-Athletic |
| Key market players worldwide | Nike Inc Class B, Adidas AG, Puma SE, Geox SpA, Timberland Bancorp Inc, Skechers USA Inc Class A, Crocs Inc, Under Armour Inc Class A, Wolverine World Wide Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 25.5% of the global footwear market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 246,521.3 million by 2030.
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Footwear Market Scope
Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America footwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to footwear market will help companies and investors design strategic landscapes.
Non-athletic was the largest segment with a revenue share of 63.71% in 2023. Horizon Databook has segmented the North America footwear market based on athletic, non-athletic covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for stylish and comfortable footwear among consumers is fueling the market. The growing popularity of sports such as football, basketball, and various snow sports is expected to create strong opportunities for the growth of the athletic footwear segment over the forecast period.
A high concentration of footwear manufacturers in the U.S. and the rest of North America is a key factor driving the market. Big players such as Nike, VF Corporation, Under Armour, New Balance, and Skechers USA, Inc. are headquartered in the U.S., where product innovations and research & development are incorporated and new products are launched every year.
Major manufacturers are adopting various marketing strategies, including expanding distribution channels, entering the e-commerce space, and collaborating with celebrities, to gain maximum customer penetration.
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Our clientele includes a mix of footwear market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America footwear market , including forecasts for subscribers. This continent databook contains high-level insights into North America footwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America footwear market size, by country, 2018-2030 (US$M)
North America Footwear Market Outlook Share, 2023 & 2030 (US$M)
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