The report titled “The US Apparel and Footwear Industry Outlook to 2015 – Changing Consumer Behavior and Purchasing Decisions” provides a comprehensive analysis on the market size of Apparel, Athletic Apparel, Fashion Apparel, Footwear, Athletic Footwear and Athletic Apparel, per capita expenditure, per capita expenditure as a percentage of GDP, market segmentation, competitive landscape and company profiles of major players operating in the US. The report also entails the SWOT analysis of the apparel industry and the footwear industry in the US.
The future projections are presented for the US apparel and footwear industry focusing on the segments such as men’s wear, women’s wear, children’s wear, athletic apparel and footwear providing an insight on the prospects in the US apparel and footwear industry.
The US apparel and footwear market is a mature and saturated industry with the presence of several large scale and small scale manufacturers, retailers and wholesalers who compete globally as well as in the domestic market. The US is one of the largest importers of apparel and footwear in the world with manufacturing units majorly located outside the US. In 2010, apparels worth USD ~ million were imported from countries including China, El Salvador, Honduras, Cambodia, Vietnam, Bangladesh, Indonesia, India and others. China contributed USD ~ million to the total US apparel and footwear Imports. In 2010, the total consumer expenditure on apparel and footwear showcased a positive growth of ~%, on account of the reviving economic conditions and increasing employment opportunities in the country.
The apparel market in the US is dominated by the women’s apparel segment which contributed around ~% of the total apparel market in 2010. In 2010, the women’s segment contributed USD ~ million of the total apparel market revenue of USD ~ million.
The US apparel market is predominantly driven by the non-athletic apparels which include jeans wear, casual wear, corporate wear, occasional wear, intimate wear, knits, sweaters, jackets and others. The non-athletic wear market contributed around ~% of the total apparel market in 2010.
The US apparel market is fragmented with the presence of several large scale and small scale manufacturers, retailers and wholesalers, of which the top 14 companies contributed around ~% of the total apparel market revenue in 2010.
The apparel market is expected to witness many consolidations as firms will merge to achieve operational efficiency and diversify their operations to the developing markets which has a wide consumer base and provides favorable business opportunities. The US apparel market is likely to witness a modest growth in the next 5 years as the consumer spending level increases with a rise in the employment opportunities. This market is estimated to be worth USD ~ million by 2015 accompanied by an expected surge in the purchasing activity in the women segment.
The US footwear market is a USD ~ billion industry in 2010 which has achieved several milestones during the period 2005-2007. The market revenue in 2007 grew by ~% to USD ~ million as compared to USD ~ million in 2005.
Although the footwear market in the US is led by non-athletic footwear with a share contribution of ~% in 2010, the athletic footwear market has continued to mark its presence in the footwear market with a share contribution of ~% in 2010. The Athletic footwear in the US grew by ~% to US ~ million in 2010 after a decline in period from 2008-2009. The market in 2010 registered a strong demand for walking, running, basketball, training and toning shoes.
Over the years, it has been witnessed that the women segment registered strong demand for fashion boots and office or outdoor fashion footwear. This activity in the women segment accompanied by profound preference towards fashionable and trendy lifestyle has resulted into ~% contribution to the total fashion footwear market in the US.
The US footwear market is fragmented with the presence of several players, of which NIKE contributed around ~% of the total revenue of the footwear market in 2010. This contribution has been supplemented by the active demand for Nike Air Force 1 mid and low for kids and grownups/ adults, Jordan Retro 9 and 6, Nike Shox Turbo+11 and Land shark football cleat.
The footwear market in the US is likely to recover in the next couple of years along with a cautious purchasing approach of the customers. The changing perception about fashion, restricted frequency of purchases and rising importance on product cost and attributes will likely to drive the consumer purchasing decisions in the footwear market in the US. The US footwear market is estimated to grow at a CAGR of 4.0% from 2010-2015.
Key Topics Covered in the Report:
- The market size of the US Apparel and Footwear industry and Per Capita Consumption and Contribution to GDP, 2005-2010
- Market segmentation of the US apparel and footwear industry covering Men’s wear, Women’s wear and Children’s wear, type of clothing stores, athletic and non-athletic apparel and footwear and fashion apparel and footwear segments, 2005-2010
- SWOT analysis of apparel and footwear industry in the US
- Recent trends and developments in the industry
- Competitive landscape of the various players operating in the US apparel and footwear market and sportswear segments, 2010
- Company profiles of leading players in the US apparel and footwear and in the athletic wear segments
- Future outlook and projections on the basis of several quantitative and qualitative factors affecting the apparel and footwear industry focusing on the segments such as athletic apparel and footwear, men’s wear, women’s wear and children’s wear, 2011-2015
- Cause and effect relationship between the dependent and the independent factors prevailing in the US apparel and footwear market.