Athleisure Continues to Pressure Women's Dress Shoe Market
U.S. demand for footwear is forecast to reach $31.1 billion in 2021, according to Footwear: United States, a report recently released by Freedonia Focus Reports. Demand for women's footwear is expected to remain the largest product segment in 2021. However, one factor that will continue to constrain demand for women's footwear is the growing trend of wearing casual footwear in formal and work environments. As a result, many women are choosing to purchase comfortable but stylish athletic or plastic and rubber shoes rather than dress shoes.
Athletic footwear is expected to continue to outpace all other product segments as consumers place increasing importance on comfort when purchasing apparel. Trends towards allowing casual dress in the workplace will also benefit demand for athletic footwear. Consumer demand for athletic footwear in everyday use has led many suppliers to design these products for both fashion and athletic performance. Everyday use of athletic footwear has also contributed to the growing trend in apparel and footwear fashion known as athleisure.
These and other key insights are featured in Footwear: United States. This report forecasts US footwear demand and shipments in US dollars at the manufacturers' level to 2021. Total demand is segmented by product in terms of:
- rubber and plastic
- other footwear such as children's, slippers, and moccasins
Orthopedic extension footwear is excluded from the scope of this report. Re-exports of footwear are excluded from demand and trade figures.
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016. To illustrate average historical spending on footwear among various age groups, this report provides household spending on footwear by age group in nominal US dollars. The age group of a household is determined by the age of the reference person identified by the Consumer Expenditures Survey published by the Bureau of Labor Statistics.
More information about the report is available here.