Topic: U.S. footwear market (2024)

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The global footwear market is a multi-billion U.S. dollar industry, comprised of sneakers, luxury footwear, athletic footwear, and sporting shoes, as well as other related goods. Footwear products are commonly made of leather, textile, and a range of synthetic materials. The United States has the largest footwear market in the world, generating over 85.8 billion U.S. dollars in revenue in 2022.

Market overview

Previous generations may have survived with one or two pairs of functional footwear. Today however, the majority of people have a collection of footwear to meet various criteria and needs. Formal, casual, athletic: footwear come in a wide variety of shapes, styles, and sizes. As of 2022, the United States imported about 2.7 billion pairs of shoes. In 2022, the vast majority of shoes being imported to the U.S. came from countries in Asia. Footwear worth over 12 billion dollars arrived from China alone in that year.

The revenue of the athletic footwear industry in the United States amounted to about 14.5 billion U.S. dollars in 2022 and is set to increase to over 17 billion dollars by 2028. Shoes, along with apparel, are increasingly seen as status symbols for consumers. Footwear brands and retailers play a huge role in catering to this market and these attitudes through their respective offerings and ranges as well as their advertising campaigns. For years now, Nike has held the largest share of the U.S. footwear market by far, and in 2022, the company accounted for a turnover of about 46.7 billion U.S. dollars.

Consumer behavior

Consumers spend significant amounts of their discretionary income on apparel and footwear. In recent years, athletic clothing and footwear has become very trendy and this segment has experienced strong growth in the United States. In 2022 alone, wholesale sales of athletic footwear generated approximately 20 billion U.S. dollars. American women tend to spend more on footwear than men. In 2022, the average household expenditure on women's footwear in the U.S. amounted to just over 173 U.S. dollars.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

P. Smith

Research expert covering apparel industry and general merchandise

Published by P. Smith, Feb 15, 2024

Key insights

Revenue of the footwear market in the U.S.
85.84bn USD

Topic: U.S. footwear market (1)

Detailed statistics

Revenue of the footwear market worldwide by country 2023

Pairs of shoes imported into the United States
2.73bn

Topic: U.S. footwear market (2)

Detailed statistics

Overview of the footwear industry in the U.S. 2010-2022, based on quantity

Advertising spend in the U.S. footwear industry
933.7m USD

Topic: U.S. footwear market (3)

Detailed statistics

U.S. footwear ad spend 2021-2022

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Market overview

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Market overview

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    Revenue of the footwear market worldwide by country 2023

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    Revenue of the footwear industry in the U.S. 2019-2028

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    Overview of the footwear industry in the United States from 2010 to 2022, based on quantity (in million pairs)

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    U.S. footwear ad spend 2021-2022

    Advertising spending in the footwear industry in the United States from 2021 to 2022 (in million U.S. dollars)

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    Leading footwear companies in the United States in 2022, by turnover

    Leading footwear companies in the United States in 2022, by turnover (in million U.S. dollars)

Trade

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  • Basic Statistic U.S. import value of footwear from 2013 to 2022
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Trade

  • Basic Statistic U.S. import value of footwear from 2013 to 2022

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    U.S. import value of footwear from 2013 to 2022

    Import value of footwear to the United States from 2013 to 2022 (in million U.S. dollars)

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    U.S. import value of footwear 2022, by country of origin

    Value of United States footwear imports in 2022, by country of origin (in million U.S. dollars)

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    Type of footwear imported by the U.S. 2010-2022, by quantity

    Type of footwear imported by the United States from 2010 to 2022, by quantity

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    Value of the leading 5 footwear export markets of the U.S. 2022

    Value of the leading 5 footwear export markets of the United States in 2022 (in million U.S. dollars)

  • Premium Statistic Leading 5 footwear export markets of the U.S. 2022, by quantity

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    Leading 5 footwear export markets of the U.S. 2022, by quantity

    Leading 5 footwear export markets of the United States in 2022, by quantity (in million pairs)

Retail & E-commerce

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Retail & E-commerce

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    Footwear store monthly sales U.S. from 2017 to 2023

    Monthly retail sales of shoe stores in the United States from January 2017 to June 2023 (in million U.S. dollars)

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    U.S. fashion and accessories e-retail revenue 2017-2029

    Apparel, footwear and accessories retail e-commerce revenue in the United States from 2017 to 2029 (in billion U.S. dollars)

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    U.S. fashion and accessories e-retail share 2017-2027

    Apparel, footwear and accessories sales as percentage of total retail e-commerce sales in the United States from 2017 to 2027

Leading companies

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  • Basic Statistic Nike's revenue worldwide 2017-2023, by region
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Leading companies

  • Basic Statistic Nike's revenue worldwide 2017-2023, by region

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    Nike's revenue worldwide 2017-2023, by region

    Nike's revenue worldwide from the fiscal years of 2017 to 2023, by region (in million U.S. dollars)

  • Basic Statistic Nike's North American revenue 2009-2023, by segment

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    Global net sales of Foot Locker from 2015 to 2023, by region

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Consumer outlook

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  • Premium Statistic U.S. household expenditure on footwear in 2022, by category
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Consumer outlook

  • Premium Statistic U.S. household expenditure on footwear in 2022, by category

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    Annual expenditure on footwear in the U.S. 2022, by generation

    Average annual expenditure on footwear by consumers in the United States in 2022, by generation (in U.S. dollars)

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    Most well-known sneakers brands in the United States 2023

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    Top footwear brands amongst U.S. teens as of spring 2024

    Leading footwear brands amongst teenagers in the United States as of spring 2024

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    American customer satisfaction index: athletic shoe companies 2010-2022

    The American customer satisfaction index scores for athletic shoe companies in the U.S. from 2010 to 2022

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Topic: U.S. footwear market (2024)

FAQs

What is the market for footwear? ›

The global footwear market size was valued at USD 389.23 billion in 2022. It is estimated to reach USD 568.54 billion by 2031, growing at a CAGR of 4.31% during the forecast period (2023–2031).

What is the potential of the shoe market? ›

Trending Market Research News

Marketresearch.biz reports that the Footwear Market size is expected to be worth around USD 661.9 Bn by 2032 from USD 382.0 Bn in 2022, growing at a CAGR of 5.8% during the forecast period from 2023 to 2032.

How is the footwear market segmented? ›

The market is divided into Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear. Sneakers are defined as everyday footwear with an athletic appearance. Athletic Footwear refers to shoes specifically designed for sports activities such as tennis, basketball, soccer, and running.

Is the footwear market competitive? ›

Market competition is intense. Nike, Adidas, Skechers, New Balance, Asics, Belle, Kering Group are the leaders of the industry. Top three manufacturers held 8% market share. Market Analysis and Insights: Global Footwear Market The global Footwear market is valued at USD 293190 million in 2019.

How do you market footwear? ›

How do you market a shoe brand?
  1. Don't Just Sell, Tell Stories.
  2. Build A Visually Exceptional + Functional Website.
  3. Place Your Faith In Visually-inclined Social Networks.
  4. Enchant The Audience Through The Power Of Social Media.
  5. Good SEO = Great Traffic.
  6. Let The Influencers Do The Talking.

What drives the footwear industry? ›

The global footwear market is a dynamic and diverse sector that encompasses a wide range of products, including athletic shoes, formal shoes, casual footwear, and specialty shoes. It is driven by factors such as fashion trends, consumer spending behavior, technological advancements, and global economic conditions.

How big is the footwear industry? ›

Report MetricDetails
Market size value in 2022USD 370.08 billion
Market size value in 2031USD 549.97 billion
Growth Rate4.5%
Base year2023
6 more rows

What is the future of the footwear industry? ›

The Indian footwear market, currently valued at $26 billion, is expected to reach $90 billion by 2030. This growth will be driven by increase in non-leather footwear demand and possible shift in leather shoe production from small-scale, cottage industries to large corporates.

How big is the running footwear market? ›

Feature of the ReportDetails
Market Size in 2022USD 11.6 Billion
CAGR Growth Rate5.7% CAGR
Base Year2023
Forecast Period2024-2033
6 more rows

Who runs the footwear industry? ›

Nike leads the pack

In 2022/23, Nike ranked second in the ranking of overall leading apparel and footwear retailing companies in the world only behind luxury giant LVMH. In regards to specialist footwear companies, Deichmann posted the largest revenue worldwide at 6.9 billion euros in 2022.

Who are the biggest footwear consumers? ›

China was the world's leading consumer of footwear, with around 3.93 billion pairs of shoes bought in 2022. It is of little surprise that China tops the list of footwear consumers as it had the highest number of inhabitants on the planet as of 2021.

Who controls the shoe market? ›

For years now, Nike has held the largest share of the U.S. footwear market by far, and in 2022, the company accounted for a turnover of about 46.7 billion U.S. dollars.

What is the market size for footwear? ›

As per the report, the footwear market in FY2024 stands at around Rs 123.5K crore. “The footwear industry stands at a crucial point, influenced by shifting consumer preferences, rapid technological advancements, growing sustainability demands, and the emergence of the resale market.

What is the demand for shoes? ›

The market's volume is expected to reach 1.97bn pairs by 2028, with a volume growth of 1.6% in 2025. The average volume per person in the Footwear market is expected to be 5.45pairs in 2024. Non-Luxury are expected to account for 92% of sales in the Footwear market by 2024.

Who is the market leader in the footwear industry? ›

Relaxo Footwears Ltd is India's leading footwear company, known for its diverse range of stylish and fashionable footwear. Established in 1976, the company has grown to become the market leader in the Indian footwear industry. Relaxo offers a wide range of products including casual, sports, and formal footwear.

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