In its latest
report, titled “Footwear
Market By Type (Athletic footwear and non-athletic footwear) By
Gender (Men's Footwear, Women's Footwear) -North America Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
Transparency Market Research (TMR) studies the growth trajectory of
the North America footwear market between 2015 and 2021. It also
provides insights into factors that will drive and restrain the
footwear market in North America in the coming years.
In the last couple
of years, North America has emerged at the forefront of the fashion
and sports apparel industry. Not only has easy and uninterrupted
internet access bolstered consumer awareness regarding the latest
buzz in the fashion scenario, but it has also helped them shop for
the products they want with a simple touch of their fingers on their
smartphones or tablets. The developed countries in the region such as
the U.S. exhibit lucrative prospects for the markets within the
fashion and apparel industry, the footwear market being one of them.
According to the
report, the North America footwear market, which stood at close to
US$80.6 bn in 2014, will reach US$89.7 bn by 2021, exhibiting a slow
but steady CAGR of 1.5% during the period.
“Consumers in
North America are more inclined towards innovative product designs,
which is a key factor leveraged by the enterprises operating in the
North America footwear market,” said a lead TMR analyst. “Their
urge to remain fit and active has boosted demand for the athletic
footwear segment of the market,” he added. At the same time, the
non-athletic footwear segment capitalizes on the easy availability of
a wide range of footwear online. Other than these, changing fashion
trends also influence the market for footwear in North America.
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Report Copy :
At present the
market for non-athletic footwear is larger in North America compared
to the athletic footwear market. However, during the forecast period,
the athletic footwear segment is anticipated to demonstrate the
fastest CAGR. The athletic footwear segment is further classified
into sports (cross training), insert shoes, backpacking boots, and
hiking shoes. Likewise, the non-athletic footwear segment includes
formal footwear, fashion footwear, and casual footwear.
The U.S. accounted
for the largest share in the North America footwear market in 2014.
The country is expected to remain undisputed as the market leader
during the report’s forecast period. The U.S. has always been an
early adopter of the latest fashion trends, which is the primary
factor aiding the growth of the footwear market in the nation.
The report provides
a holistic blueprint of the footwear market in North America. It
studies the prevailing dynamics of the market and the key trends
influencing the demand and supply forces. To present a comprehensive
overview, companies such as Adidas AG, The Aldo Group Inc., Nike Inc,
and Asics Corp are profiled in the report. It includes exhaustive
information to help the market players formulate winning strategies.
The nations
exhibiting the most lucrative prospects for the footwear market in
North America are Mexico, Canada, and the U.S. The countries
encompassed within Rest of North America also showcase impressive
opportunities for the market.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend 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.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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