3 datasets found
  1. Kids Shoes Market Will Grow at a CAGR of 8.50% from 2024 to 2031.

    • cognitivemarketresearch.com
    pdf,excel,csv,ppt
    Updated Jan 15, 2025
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    Kids Shoes Market Will Grow at a CAGR of 8.50% from 2024 to 2031. [Dataset]. https://www.cognitivemarketresearch.com/kids-shoes-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 15, 2025
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    According to Cognitive Market Research, the global Kids Shoes market size was estimated at USD 37518.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 15007.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The kids shoe market in North America is expanding significantly due to a number of factors, including rising disposable incomes, a focus on comfort and quality, and a strong retail infrastructure. The demand for sports shoes is one significant market fueling this increase, as more parents place a premium on their kids leading active lifestyles. North American brands are focusing on style and innovation in order to cater to a wide range of consumer tastes, which is driving the growth of the Kids Shoes market in the area.

    According to Cognitive Market Research, the US had a major share in the Kids Shoes market with a market size of USD 11840.74 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The demand is amplified by the nation's expanding e-commerce sector.
    The Canada Kids Shoes market had a market share of USD 1800.87 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Canada's demand for durable and affordable footwear options for children.
    The Mexico Kids Shoes market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 1365.66 million in 2024.
    

    Market Dynamics of Kids Shoes Market

    Key Drivers for Kids Shoes Market

    Rising Disposable Income and Growing Middle Class to Increase the Demand Globally

    Rising disposable incomes around the world, particularly in developing nations, are creating a climate in which parents are more likely to spend money on fine footwear for their kids. The growing middle class is supporting this trend by providing a sizable market for children's shoes. The health, comfort, and style of their children's footwear are becoming more important to families with more disposable income, which is increasing demand for high-end goods. The expanding middle class is changing the face of the children's footwear business by driving innovation and providing a wider range of options to suit different requirements and tastes. It also increases the market potential for children's shoes.

    Increased Focus on Health and Activity to Propel Market Growth

    Demand for supportive, cozy footwear made to fit active youngsters is rising as a result of the increased attention being paid to children's health and physical exercise. As parents become more conscious of the long-term advantages of frequent movement and exercise for their kids' general health, they are placing a higher priority on footwear that offers sufficient support, cushioning, and resilience to endure demanding activities. This desire is indicative of a trend toward shoes that support children's healthy lifestyles while still providing style. In response to this trend, footwear makers are coming up with innovative designs that blend utility, style, and comfort to meet the changing demands of consumers in the children's footwear industry who are health-conscious.

    Restraint Factor for the Kids Shoes Market

    Price Sensitivity to Limit the Sales

    Parents continue to place a high value on price sensitivity when purchasing shoes for their children because pricey options are frequently less appealing to children due to their quick growth. For families on a tight budget, price becomes critical as children often outgrow their shoes. While comfort, support, and durability are of utmost importance to parents, they also look for affordable options that fit their budgets. This cost-conscious strategy emphasizes how crucial it is to provide value- and price-conscious solutions in the children's footwear market. Brands that can answer parents' worries about quickly outgrown shoes and strike a balance between quality and affordability stand to gain a larger part of this price-sensitive consumer base.

    Impact of Covid-19 on the Kids Shoes Market

    The COVID-19 outbreak caused severe disruptions to the kids shoe business. Retail store foot traffic and consumer spending declined as a result of lockdowns, school closures, and economic uncertainty. The market for dressy and school shoes declined as children spent more time at home, while athleti...

  2. U.S. wealth distribution Q2 2024

    • statista.com
    Updated Oct 29, 2024
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    Statista (2024). U.S. wealth distribution Q2 2024 [Dataset]. https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/
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    Dataset updated
    Oct 29, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

  3. U.S. inflation rate versus wage growth 2020-2024

    • statista.com
    • flwrdeptvarieties.store
    Updated Feb 11, 2025
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    U.S. inflation rate versus wage growth 2020-2024 [Dataset]. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
    Explore at:
    Dataset updated
    Feb 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Dec 2020 - Dec 2024
    Area covered
    United States
    Description

    In December 2024, inflation amounted to 2.9 percent, while wages grew by 4.2 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

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Kids Shoes Market Will Grow at a CAGR of 8.50% from 2024 to 2031. [Dataset]. https://www.cognitivemarketresearch.com/kids-shoes-market-report
Organization logo

Kids Shoes Market Will Grow at a CAGR of 8.50% from 2024 to 2031.

Explore at:
pdf,excel,csv,pptAvailable download formats
Dataset updated
Jan 15, 2025
Dataset authored and provided by
Cognitive Market Research
License

https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

Time period covered
2021 - 2033
Area covered
Global
Description

According to Cognitive Market Research, the global Kids Shoes market size was estimated at USD 37518.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 15007.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The kids shoe market in North America is expanding significantly due to a number of factors, including rising disposable incomes, a focus on comfort and quality, and a strong retail infrastructure. The demand for sports shoes is one significant market fueling this increase, as more parents place a premium on their kids leading active lifestyles. North American brands are focusing on style and innovation in order to cater to a wide range of consumer tastes, which is driving the growth of the Kids Shoes market in the area.

According to Cognitive Market Research, the US had a major share in the Kids Shoes market with a market size of USD 11840.74 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The demand is amplified by the nation's expanding e-commerce sector.
The Canada Kids Shoes market had a market share of USD 1800.87 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Canada's demand for durable and affordable footwear options for children.
The Mexico Kids Shoes market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 1365.66 million in 2024.

Market Dynamics of Kids Shoes Market

Key Drivers for Kids Shoes Market

Rising Disposable Income and Growing Middle Class to Increase the Demand Globally

Rising disposable incomes around the world, particularly in developing nations, are creating a climate in which parents are more likely to spend money on fine footwear for their kids. The growing middle class is supporting this trend by providing a sizable market for children's shoes. The health, comfort, and style of their children's footwear are becoming more important to families with more disposable income, which is increasing demand for high-end goods. The expanding middle class is changing the face of the children's footwear business by driving innovation and providing a wider range of options to suit different requirements and tastes. It also increases the market potential for children's shoes.

Increased Focus on Health and Activity to Propel Market Growth

Demand for supportive, cozy footwear made to fit active youngsters is rising as a result of the increased attention being paid to children's health and physical exercise. As parents become more conscious of the long-term advantages of frequent movement and exercise for their kids' general health, they are placing a higher priority on footwear that offers sufficient support, cushioning, and resilience to endure demanding activities. This desire is indicative of a trend toward shoes that support children's healthy lifestyles while still providing style. In response to this trend, footwear makers are coming up with innovative designs that blend utility, style, and comfort to meet the changing demands of consumers in the children's footwear industry who are health-conscious.

Restraint Factor for the Kids Shoes Market

Price Sensitivity to Limit the Sales

Parents continue to place a high value on price sensitivity when purchasing shoes for their children because pricey options are frequently less appealing to children due to their quick growth. For families on a tight budget, price becomes critical as children often outgrow their shoes. While comfort, support, and durability are of utmost importance to parents, they also look for affordable options that fit their budgets. This cost-conscious strategy emphasizes how crucial it is to provide value- and price-conscious solutions in the children's footwear market. Brands that can answer parents' worries about quickly outgrown shoes and strike a balance between quality and affordability stand to gain a larger part of this price-sensitive consumer base.

Impact of Covid-19 on the Kids Shoes Market

The COVID-19 outbreak caused severe disruptions to the kids shoe business. Retail store foot traffic and consumer spending declined as a result of lockdowns, school closures, and economic uncertainty. The market for dressy and school shoes declined as children spent more time at home, while athleti...

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