Report ID: SQMIG30L2150
Report ID:
SQMIG30L2150 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
61 |
Figures:
75
E-Commerce Footwear Market size was valued at USD 106.05 Billion in 2023 and is poised to grow from USD 113.26 Billion in 2024 to USD 191.72 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The e-commerce footwear market is experiencing significant growth attributed to various factors such as increasing demand for comfortable and convenient footwear, rising awareness and enthusiasm about the health benefits of fitness & sports activities, and growing investments by market players in the latest technologies. The popularity of digital payment systems is also driving the expansion of the e-commerce footwear market, aided by a wide range of merchandise offerings, 24/7 customer support with technical assistance, multiple payment methods such as credit card, online banking, cash on delivery (COD), as well as other payment service providers such as PayPal. The growing demand for superior quality products and product innovations are some major determinants driving the demand for footwear globally. The latest changes in customer shopping trends and increasing inclination toward buying designer and high-end shoes are projected to trigger the growth. However, a notable disadvantage of e-commerce is uncertainty about product quality, which can entirely ruin the shopping experience. Major operating players such as Amazon.com, Google, Mastercard, and PayPal are investing heavily in technology to provide simple and secure payment options, while major footwear brands are presenting themselves on social media platforms to gain customer loyalty and offer more personalized products. For instance, Nike uses eco-friendly raw materials, including recycled car tires, recycled carpet padding, cotton, and plant-dyed leather to produce its footwear.
US E-Commerce Footwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30L2150