DUBLIN, 12 October 2021 / PRNewswire / – The “United States Apparel and Footwear Markets 2016-2020 & 2021-2027” report has been added to ResearchAndMarkets.com offer.
The US apparel and footwear market was assessed $ 267.99 billion in 2020 and it is expected to reach up to 390 billion dollars, by the end of 2026 and grow at a CAGR of 6.25% during the forecast period due to new fashion trends.
The clothing and footwear market in United States has grown steadily, due to increased disposable income, increased brand awareness and preference for imported products, as well as the growth of retail channels and the organized e-commerce and powerful supply chain networks.
In addition, factors such as population growth within United States and the introduction of regional and international companies stimulates the clothing and footwear industry in United States.
The fashion sector is supported by the clothing, footwear and accessories industries. As a result, their main goal is to make the user feel well dressed and attractive to himself and to others, making the clothing and footwear industry one of the industries. the most coordinated and the best developed.
The US clothing and footwear market can be separated based on type, end user, distribution channel, and region. The US apparel and footwear market is segmented into two major segments, namely apparel and footwear. Clothing is the dominant segment compared to footwear.
Some of the driving factors of the clothing market are the rapid evolution of fashion, the growing influence of icons in the fashion industry, the increasing penetration of the internet, as well as the continued launch of fashion changes. at lower prices supported by an aggressive brand image. The distribution channel in United States The clothing and footwear market has also been segmented into specialty stores, supermarkets / hypermarkets, online channels and others.
In 2026, the specialized stores segment should represent a majority share in United States Clothing and footwear market. However, the online channel segment is expected to grow during the forecast period as it is more convenient and offers a wide range of products to its consumers in a shorter time frame.
In terms of region, the United States clothing and footwear market is categorized into South, West, Northeast, and Midwest. Among these regions, the Southern region is the one that contributes the most to industry, due to states like California, which has the highest population and New York State which is known as the center of fashion and is the main reason for the highest sales generation in the region.
The clothing and footwear market has become an attractive destination for investment and several large multinationals are entering this market.
Some of the major players operating in this market are
- Nike, Inc.
- Company VF
- adidas America, Inc.
- Under Armor, Inc.
- PVH CORP.
- LEVI STRAUSS & CO.
- H&M Hennes & Mauritz LP
- Kering Americas, Inc.
- Zara United States, Inc.
- Puma North America, Inc.
- ROCKY BRANDS, INC.
- SKECHERS United States, INC.
- Richemont North America, Inc. (Dunhill, Pierre Millar, and NET-A-PORTER)
- ASICS America Corporation
- Geox United States, Inc.
Scope of the report:
Years considered for this report:
- Historical years: 2016-2019
- Baseline year: 2020
- Estimated year: 2021
- Forecast period: 2022-2026
United States Apparel and Footwear Market, By Type:
Apparel and Footwear Market in United States, By End User:
Clothing and Footwear Market in United States, by Distribution Channel:
- Specialty stores
- Supermarkets / Hypermarket
- Online Channels
- Others (over-the-counter stores, department stores, etc.)
Clothing and Footwear Market in United States, by Region:
- Where is
For more information on this report, visit https://www.researchandmarkets.com/r/b2h8ct
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SOURCE Research and Markets