Over the previous
decade, the North America footwear market has witnessed steady growth
and attained a market value of US$80,594.40 million in 2014. In
current times, the market is experiencing high demand for stylish
footwear with innovative designs and great comfort. Rising
fashion-consciousness among the North American populace is driving
this regional market significantly. Analysts expect the market to
expand at a CAGR of 1.5% during the period from 2015 to 2021 and
reach a value of US$89,717.90 million by 2021.
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Research Report of Footwear Market :
The footwear market
in North America is set to witness significant expansion as people
there are becoming increasingly fashion conscious. To meet the rising
demand for designer footwear that is, at the same time, also
comfortable, market players are working hand on bringing innovative
designs on the desk. For instance, nowadays, eco-fashion, which is
made from environment-friendly materials, is the latest trend in the
market. Footwear manufacturers have also come up with ethical and
recycled footwear.
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Men’s Footwear
Leads North America Footwear Market
The North America
footwear market is categorized into the markets for men, women, and
kids. Among these, the men’s footwear market occupies the largest
share of the overall market. The trend is likely to remain
influential over the next six years. The large population base of
adult men in the region is the key reason for the impressive growth
of this segment.
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Release of Footwear Market :
http://www.transparencymarketresearch.com/pressrelease/north-america-footwear-market.htm
In addition to this,
rising innovation in men’s footwear designs is projected to
stimulate growth of this market segment in the coming future. On the
other hand, the women’s footwear segment is expected to witness
steady growth on account of the increasing number of working women in
North American nations.
Athletic Footwear
to Report Fastest Growth in Near Future
Athletic and
non-athletic footwear are the two major types of footwear available
in the North America footwear market. Insert shoes, cross
training/sports shoes, backpacking boots, and hiking shoes are the
key components of the athletic footwear market, whereas formal,
casual, and fashion footwear are the sub-segments of the non-athletic
footwear market.
More Related
Report :
- Global footwear market : http://www.transparencymarketresearch.com/footwear-market.html
- Athletic Footwear Market : http://www.transparencymarketresearch.com/athletic-footwear-market.html
- Europe Footwear Market : http://www.transparencymarketresearch.com/europe-footwear-market.html
- Asia Pacific Footwear market : http://www.transparencymarketresearch.com/asia-pacific-footwear-market.html
The market share of
the non-athletic footwear segment is comparatively higher than that
of the athletic footwear segment and the trend is expected to
continue in the coming years. However, increasing participation in
athletic activities as well as growing concerns related to health and
fitness, coupled with the rising awareness among consumers about the
health benefits that athletic footwear offers, is expected to drive
the market for athletic footwear in North America significantly; it
is expected to report the faster growth rate of the two segments over
the next six years.
U.S. Occupies
Largest Share of Overall Footwear Market in North America
In 2014, the U.S.
emerged as the leading footwear market in North America, generating
highest revenue among all regional segments. The market is likely to
maintain its dominance in the near future. The footwear market in
Canada occupied the second position in the North American Market and
is expected to remain at the same place in the forthcoming years.
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Footwear Market :
The major companies
operating the footwear business in North America are Nike Inc., Asics
Corp., Adidas AG, Skechers U.S.A. Inc., and The Aldo Group Inc.
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