North America Footwear Market is Expected to Reach USD 89,717.9 million in 2021

2024-11-08 07:27:37 News & Society

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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.

Browse the full Footwear Market Report @ :
http://www.transparencymarketresearch.com/north-america-footwear-market.html

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.

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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 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.

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

Browse the full Footwear Market Press Release @ :
http://www.transparencymarketresearch.com/pressrelease/north-america-footwear-market.htm

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