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Explore the latest trends and actionable insights on the Americas Apparel market to inform business strategy and pinpoint opportunities and risks

Market Size of Retail Footwear in North America (2017-2021, $ Billion)

Industry: Clothing, Footwear and Accessories Specialists
Current: Other Industry Indicators

The Footwear segment in North America reached a value of $93 billion in 2021
The Footwear segment in the region has seen a compound annual growth rate of 0.5% from the period of 2017-2021
The major footwear players which have a strong position in the North American footwear industry include Nike, Adidas, and Skechers USA.

The footwear segment is among the selling product categories in the retail industry. The footwear segment is categorized into different products as per demographic patterns which include men’s, women’s, and children’s shoes

North America is among the most popular regions which have a strong influence on the fashion industry globally.

The Footwear segment in North America reached a value of $93 billion in 2021, witnessing a significant increase of 23% from the previous year this was mainly on account of growth in the retail product categories as the world saw a recovery in the overall demand post-pandemic Covid-19 as both brick & mortar and online businesses resumed their operations after being under restrictions for the period of almost two years along with that more consumer spending on the lifestyle products. Thus, the footwear segment is expected to witness growth in demand going further on the back of the recovery from the pandemic.

The Footwear segment in the region has seen a compound annual growth rate of 0.5% from the period of 2017-2021. The growth of retail footwear was marginal mainly on account of stiff competition from online marketplaces along with the outbreak of Covid-19 which further tapered the demand. The footwear segment accounts for 17% of the overall retail market size for the clothing & Footwear segment in North America.

The major footwear players which have a strong position in the North American footwear industry include Nike, Adidas, and Skechers USA. Moreover, the most popular brands in the region include Nike and Adidas which hold strong loyalty among their customers.

Explore the latest trends and actionable insights on the Americas Apparel market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Americas Apparel market to inform business strategy and pinpoint opportunities and risks Visit Report Store