The market is dominated by foreign suppliers, as imports account for 79.1% of total market size in 2022. Households drive market demand, with household spending representing 96.3% of total demand in 2022. The US has the largest market size for footwear across the top 20 developed countries, with demand reaching USD64.7 billion in 2022. New Balance Athletics Inc is the largest company in the US, generating 9.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.4% of total production value in 2022. The total number of companies increases in 2022, to 1,004 units. The costs of the industry increase by 2.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.6% of production value in 2022, the 17th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 16.2% of total production output. With production value of USD4.4 billion, the US accounts for 92.5% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Footwear in the US: ISIC 192. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Footwear in the US: ISIC 192 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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