Related Keywords: 2023, Adidas, brand, demand, footwear, Freedonia, import, market, purchasing, research, United States
Even as trade war jitters and changes in sourcing have shaken the footwear industry in the United States and abroad, a new report claims the sector should still expect solid growth in demand over the next four years.
In its most recent batch of “Focus Reports,” The Freedonia Group, a division of MarketResearch.com, said the current footwear market will grow 4 percent in value, from $26.8 billion in 2018 to $32.6 billion in 2023. However, the growth will not be equally spread across categories.
