United States apparel and footwear market was
valued USD267.99 billion in 2020 and it is anticipated to reach up to USD390
billion, by the end of 2026 and grow at a CAGR of 6.25% during the forecast
period owing to new and fashionable trends. The apparel and footwear market in
the United States has been steadily developing, owing to rising disposable
incomes, increasing brand awareness and preference for imported goods, as well
as growing organized retail and e-commerce channels and powerful supply chain
networks. Furthermore, factors such as the growing population within the United
States and the introduction of regional and international companies is boosting
the apparel and footwear industry in the United States.
The fashion sector is supported by the apparel, footwear,
and accessories industries. As a result, their primary goal is to provide the
user the feeling of being well-dressed and look attractive to oneself and others, making the apparel
and footwear business one of the most coordinated and well-developed sectors.
The United States apparel and footwear market can
be segregated based on type, end-user, distribution channel, and region. The United
States apparel and footwear market is segmented into two broad segments
including apparel and footwear. The apparel is the dominating segment in
comparison to footwear. Some of the driving factors for the apparel market are
rapidly changing fashion, increasing influence of fashion industries’ icons,
growing internet penetration, as well as the continuous launch of altering
fashion at lower prices supported by aggressive branding. The distribution
channel in the United States apparel and footwear market has also been
segmented into specialty stores, supermarkets/hypermarkets, online
channels, and others. In the year 2026, specialty stores segment is anticipated
to account for a majority share in the United States apparel and footwear
market. However, the online channels segment is expected to grow during the
forecast period as it is more convenient and offers a wide range of products to
its consumers within a shorter duration.
In terms of region, the United States apparel and
footwear market is categorized into South, West, North-East, and Mid-West.
Among these regions, Southern region is the one which is majorly contributing
to the industry, due to states like California, which has the highest
population and New York state which is known as the fashion hub and is the
utmost reason for the highest sales generation within the region.
The apparel and footwear market has become an
attractive destination for investments and several large multinational
companies are entering into this market. Some of the major players operating in
this market are Nike, Inc., VF Corporation (Vans, The North face,
Timberland, Dickies, etc.), adidas America, Inc., Under Armour, Inc., PVH CORP.
(Includes Tommy Hilfiger, Calvin Klein, Arrow, Warner's, Olga, True & Co.,
etc.), LEVI STRAUSS & CO., H&M Hennes & Mauritz LP, Kering
Americas, Inc., Zara USA, Inc., and Puma North America, Inc. The apparel and
footwear market in the United States is highly fragmented due to many local and international suppliers.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market
size of the United States apparel and footwear market from 2016 to 2020.
- To estimate and forecast the market size of the
United States apparel and footwear market from 2021 to 2026 and growth
rate until 2026.
- To classify and forecast the United States
apparel and footwear market based on type,
end-user, distribution channel, company, and region.
- To identify the dominant region or segment in
the United States apparel and footwear market.
- To identify drivers and challenges for the United
States apparel and footwear market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in the
United States apparel and footwear market.
- To identify and analyze the profile of leading
players operating in the United States apparel and footwear market.
- To identify key sustainable strategies adopted
by market players in the United States apparel and footwear market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the United States. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include the manufacturers
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the manufacturers, distribution channel, and presence
of all major players across the United States.
TechSci Research calculated the market size of the United States
apparel and footwear market using a top-down and bottom-up approach, wherein
data for various segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated them through analyzing historical data
of these product types and distribution channel for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations, and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Manufacturers,
distributors, and end-users
- Market
research and consulting firms
- Government
bodies such as regulating authorities and policymakers.
- Organizations,
forums, and alliances related to apparel and footwear.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as
manufacturers, end-users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, the United States
apparel and footwear market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
United States Apparel and Footwear
Market, By Type:
o
Apparel
o
Footwear
·
United States Apparel and Footwear
Market, By End-User:
o Women
o Men
o
Kids
·
United States Apparel and Footwear
Market, By Distribution Channel:
- Specialty Stores
- Supermarkets/Hypermarket
- Online
Channels
- Others (Counter
Shops, Departmental Stores, etc.)
- United States Apparel and footwear Market, By Region:
- South
- West
- North-East
- Mid-West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in the United States apparel and footwear market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).