North America Footwear Market Size

North America Footwear Market Analysis

The North America Footwear Market size is estimated at USD 116.47 billion in 2024, and is expected to reach USD 142.95 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).

Fashion plays a significant role in driving consumer demand for footwear in the region. Innovative designs, colors, and styles influence consumer purchasing decisions, with individuals often seeking shoes that align with the latest fashion trends. Therefore, prominent brands focus on expansions and partnerships to meet consumer demand for trendy footwear. For instance, in September 2023, Lifestyle brand Tokidoki and American footwear company Skechers partnered for a global footwear collaboration. The Skechers x Tokidoki line features an all-star cast of colorful characters from the Tokidoki universe and its iconic heart and crossbones logo across a range of Skechers fashion sneakers for women, including Skechers Uno. Additionally, as more people engage in various sports activities, there is a continuous demand for performance-oriented athletic shoes that offer comfort, support, and durability. For instance, according to the Sports and Fitness Industry Association (SFIA), the share of the United States population participating in outdoor sports increased from 50.7% in 2019 to 55% in 2022. Furthermore, the rise of e-commerce and online shopping platforms transformed the retail landscape for the footwear industry. Consumers are observed to increasingly rely on online channels to research, compare, and purchase products, driving growth in the online footwear market in the North American region.