The North America Men Formal Shoes Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 29,679.4 thousand units, showcasing a growth of 6.5% (2019-2022).
Men's formal shoes are essential to a man's wardrobe, embodying sophistication, style, and professionalism. These shoes are crafted to complement formal attire, blending elegance with functionality to make a lasting impression in professional and traditional settings. Distinguished by their sleek and polished appearance, men's formal shoes come in various styles, each catering to different occasions and preferences. From timeless Oxford shoes exuding classic charm to modern Derby shoes offering versatility, the range encompasses a spectrum of designs, materials, and construction techniques.
The men formal shoes market stands at the intersection of tradition and modernity, reflecting the necessity of attire and embodying sophistication, style, and individuality. As the people witnesses a dynamic evolution in fashion and lifestyle, the men's formal shoes segment maintains its timeless appeal while adapting to contemporary trends and consumer demands.
Higher disposable incomes enable consumers to allocate more of their discretionary spending, including clothing and footwear. Individuals with more significant financial means are more likely to invest in higher-quality formal shoes. Consumers with higher disposable incomes often gravitate towards premium or luxury formal shoe brands. Therefore, the expansion of the men formal shoes market in the region is driven by the escalating e-commerce sector and growing disposable income.
The US market dominated the North America Men Formal Shoes Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,895.4 Million by 2030. The Canada market is experiencing a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.2% during (2023 - 2030).
Based on Type, the market is segmented into Oxford Shoes, Derby Shoes, Loafer Shoes, and Boots Shoes. Based on Leather Type, the market is segmented into Patent Leather, Pebble & Full grain Leather, Top grain Leather, and Suede Leather. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Men Formal Shoes Market is Predict to reach $14.1 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Guccio Gucci S.p.A. (Kering Group), Cole Haan (Apax Partners LLP), Burberry Group PLC, LVMH SE (Christian Dior), Church & Co Ltd. (Prada S.p.A.), PVH Corporation, Hugo Boss AG, C & J. Clark international ltd., Alden shoe company, Dolce & Gabbana S.r.l.
Scope of the Study
Market Segments Covered in the Report:
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Oxford Shoes
- Derby Shoes
- Loafer Shoes
- Boots Shoes
By Leather Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Patent Leather
- Pebble & Full grain Leather
- Top grain Leather
- Suede Leather
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Guccio Gucci S.p.A. (Kering Group)
- Cole Haan (Apax Partners LLP)
- Burberry Group PLC
- LVMH SE (Christian Dior)
- Church & Co Ltd. (Prada S.p.A.)
- PVH Corporation
- Hugo Boss AG
- C & J. Clark international ltd.
- Alden shoe company
- Dolce & Gabbana S.r.l.
TABLE 1 North America Men Formal Shoes Market, 2019 - 2022, USD Million
TABLE 2 North America Men Formal Shoes Market, 2023 - 2030, USD Million
TABLE 3 North America Men Formal Shoes Market, 2019 - 2022, Thousand Units
TABLE 4 North America Men Formal Shoes Market, 2023 - 2030, Thousand Units
TABLE 5 North America Men Formal Shoes Market, by Type, 2019 - 2022, USD Million
TABLE 6 North America Men Formal Shoes Market, by Type, 2023 - 2030, USD Million
TABLE 7 North America Men Formal Shoes Market, by Type, 2019 - 2022, Thousand Units
TABLE 8 North America Men Formal Shoes Market, by Type, 2023 - 2030, Thousand Units
TABLE 9 North America Oxford Shoes Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Oxford Shoes Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Oxford Shoes Market, by Country, 2019 - 2022, Thousand Units
TABLE 12 North America Oxford Shoes Market, by Country, 2023 - 2030, Thousand Units
TABLE 13 North America Derby Shoes Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Derby Shoes Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Derby Shoes Market, by Country, 2019 - 2022, Thousand Units
TABLE 16 North America Derby Shoes Market, by Country, 2023 - 2030, Thousand Units
TABLE 17 North America Loafer Shoes Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Loafer Shoes Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Loafer Shoes Market, by Country, 2019 - 2022, Thousand Units
TABLE 20 North America Loafer Shoes Market, by Country, 2023 - 2030, Thousand Units
TABLE 21 North America Boots Shoes Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Boots Shoes Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Boots Shoes Market, by Country, 2019 - 2022, Thousand Units
TABLE 24 North America Boots Shoes Market, by Country, 2023 - 2030, Thousand Units
TABLE 25 North America Men Formal Shoes Market, by Leather Type, 2019 - 2022, USD Million
TABLE 26 North America Men Formal Shoes Market, by Leather Type, 2023 - 2030, USD Million
TABLE 27 North America Men Formal Shoes Market, by Leather Type, 2019 - 2022, Thousand Units
TABLE 28 North America Men Formal Shoes Market, by Leather Type, 2023 - 2030, Thousand Units
TABLE 29 North America Patent Leather Market, by Country, 2019 - 2022, USD Million
TABLE 30 North America Patent Leather Market, by Country, 2023 - 2030, USD Million
TABLE 31 North America Patent Leather Market, by Country, 2019 - 2022, Thousand Units
TABLE 32 North America Patent Leather Market, by Country, 2023 - 2030, Thousand Units
TABLE 33 North America Pebble & Full grain Leather Market, by Country, 2019 - 2022, USD Million
TABLE 34 North America Pebble & Full grain Leather Market, by Country, 2023 - 2030, USD Million
TABLE 35 North America Pebble & Full grain Leather Market, by Country, 2019 - 2022, Thousand Units
TABLE 36 North America Pebble & Full grain Leather Market, by Country, 2023 - 2030, Thousand Units
TABLE 37 North America Top grain Leather Market, by Country, 2019 - 2022, USD Million
TABLE 38 North America Top grain Leather Market, by Country, 2023 - 2030, USD Million
TABLE 39 North America Top grain Leather Market, by Country, 2019 - 2022, Thousand Units
TABLE 40 North America Top grain Leather Market, by Country, 2023 - 2030, Thousand Units
TABLE 41 North America Suede Leather Market, by Country, 2019 - 2022, USD Million
TABLE 42 North America Suede Leather Market, by Country, 2023 - 2030, USD Million
TABLE 43 North America Suede Leather Market, by Country, 2019 - 2022, Thousand Units
TABLE 44 North America Suede Leather Market, by Country, 2023 - 2030, Thousand Units
TABLE 45 North America Men Formal Shoes Market, by Country, 2019 - 2022, USD Million
TABLE 46 North America Men Formal Shoes Market, by Country, 2023 - 2030, USD Million
TABLE 47 North America Men Formal Shoes Market, by Country, 2019 - 2022, Thousand Units
TABLE 48 North America Men Formal Shoes Market, by Country, 2023 - 2030, Thousand Units
TABLE 49 US Men Formal Shoes Market, 2019 - 2022, USD Million
TABLE 50 US Men Formal Shoes Market, 2023 - 2030, USD Million
TABLE 51 US Men Formal Shoes Market, 2019 - 2022, Thousand Units
TABLE 52 US Men Formal Shoes Market, 2023 - 2030, Thousand Units
TABLE 53 US Men Formal Shoes Market, by Type, 2019 - 2022, USD Million
TABLE 54 US Men Formal Shoes Market, by Type, 2023 - 2030, USD Million
TABLE 55 US Men Formal Shoes Market, by Type, 2019 - 2022, Thousand Units
TABLE 56 US Men Formal Shoes Market, by Type, 2023 - 2030, Thousand Units
TABLE 57 US Men Formal Shoes Market, by Leather Type, 2019 - 2022, USD Million
TABLE 58 US Men Formal Shoes Market, by Leather Type, 2023 - 2030, USD Million
TABLE 59 US Men Formal Shoes Market, by Leather Type, 2019 - 2022, Thousand Units
TABLE 60 US Men Formal Shoes Market, by Leather Type, 2023 - 2030, Thousand Units
TABLE 61 Canada Men Formal Shoes Market, 2019 - 2022, USD Million
TABLE 62 Canada Men Formal Shoes Market, 2023 - 2030, USD Million
TABLE 63 Canada Men Formal Shoes Market, 2019 - 2022, Thousand Units
TABLE 64 Canada Men Formal Shoes Market, 2023 - 2030, Thousand Units
TABLE 65 Canada Men Formal Shoes Market, by Type, 2019 - 2022, USD Million
TABLE 66 Canada Men Formal Shoes Market, by Type, 2023 - 2030, USD Million
TABLE 67 Canada Men Formal Shoes Market, by Type, 2019 - 2022, Thousand Units
TABLE 68 Canada Men Formal Shoes Market, by Type, 2023 - 2030, Thousand Units
TABLE 69 Canada Men Formal Shoes Market, by Leather Type, 2019 - 2022, USD Million
TABLE 70 Canada Men Formal Shoes Market, by Leather Type, 2023 - 2030, USD Million
TABLE 71 Canada Men Formal Shoes Market, by Leather Type, 2019 - 2022, Thousand Units
TABLE 72 Canada Men Formal Shoes Market, by Leather Type, 2023 - 2030, Thousand Units
TABLE 73 Mexico Men Formal Shoes Market, 2019 - 2022, USD Million
TABLE 74 Mexico Men Formal Shoes Market, 2023 - 2030, USD Million
TABLE 75 Mexico Men Formal Shoes Market, 2019 - 2022, Thousand Units
TABLE 76 Mexico Men Formal Shoes Market, 2023 - 2030, Thousand Units
TABLE 77 Mexico Men Formal Shoes Market, by Type, 2019 - 2022, USD Million
TABLE 78 Mexico Men Formal Shoes Market, by Type, 2023 - 2030, USD Million
TABLE 79 Mexico Men Formal Shoes Market, by Type, 2019 - 2022, Thousand Units
TABLE 80 Mexico Men Formal Shoes Market, by Type, 2023 - 2030, Thousand Units
TABLE 81 Mexico Men Formal Shoes Market, by Leather Type, 2019 - 2022, USD Million
TABLE 82 Mexico Men Formal Shoes Market, by Leather Type, 2023 - 2030, USD Million
TABLE 83 Mexico Men Formal Shoes Market, by Leather Type, 2019 - 2022, Thousand Units
TABLE 84 Mexico Men Formal Shoes Market, by Leather Type, 2023 - 2030, Thousand Units
TABLE 85 Rest of North America Men Formal Shoes Market, 2019 - 2022, USD Million
TABLE 86 Rest of North America Men Formal Shoes Market, 2023 - 2030, USD Million
TABLE 87 Rest of North America Men Formal Shoes Market, 2019 - 2022, Thousand Units
TABLE 88 Rest of North America Men Formal Shoes Market, 2023 - 2030, Thousand Units
TABLE 89 Rest of North America Men Formal Shoes Market, by Type, 2019 - 2022, USD Million
TABLE 90 Rest of North America Men Formal Shoes Market, by Type, 2023 - 2030, USD Million
TABLE 91 Rest of North America Men Formal Shoes Market, by Type, 2019 - 2022, Thousand Units
TABLE 92 Rest of North America Men Formal Shoes Market, by Type, 2023 - 2030, Thousand Units
TABLE 93 Rest of North America Men Formal Shoes Market, by Leather Type, 2019 - 2022, USD Million
TABLE 94 Rest of North America Men Formal Shoes Market, by Leather Type, 2023 - 2030, USD Million
TABLE 95 Rest of North America Men Formal Shoes Market, by Leather Type, 2019 - 2022, Thousand Units
TABLE 96 Rest of North America Men Formal Shoes Market, by Leather Type, 2023 - 2030, Thousand Units
TABLE 97 Key Information – Guccio Gucci S.p.A.
TABLE 98 Key Information – Cole Haan (Apax Partners LLP)
TABLE 99 Key Information –Burberry Group PLC
TABLE 100 key Information – LVMH SE
TABLE 101 Key Information – Church & Co Ltd.
TABLE 102 Key Information – PVH Corporation
TABLE 103 Key Information – HUgo boss ag
TABLE 104 Key Information – C & J. Clark international ltd.
TABLE 105 Key Information – alden shoe company
TABLE 106 Key Information – Dolce & Gabbana S.r.l.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Men Formal Shoes Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Men Formal Shoes Market
FIG 4 Porter’s Five Forces Analysis – Men formal shoes market
FIG 5 North America Men Formal Shoes Market share, by Type, 2022
FIG 6 North America Men Formal Shoes Market share, by Type, 2030
FIG 7 North America Men Formal Shoes Market, by Type, 2019 - 2030, USD Million
FIG 8 North America Men Formal Shoes Market share, by Leather Type, 2022
FIG 9 North America Men Formal Shoes Market share, by Leather Type, 2030
FIG 10 North America Men Formal Shoes Market, by Leather Type, 2019 - 2030, USD Million
FIG 11 North America Men Formal Shoes Market share, by Country, 2022
FIG 12 North America Men Formal Shoes Market share, by Country, 2030
FIG 13 North America Men Formal Shoes Market, by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: GUCCIO GUCCI S.P.A.
FIG 15 Recent strategies and developments: Cole Haan
FIG 16 SWOT Analysis: Cole Haan
FIG 17 SWOT Analysis: Burberry Group PLC
FIG 18 SWOT Analysis: LVMH SE
FIG 19 SWOT Analysis: Church & Co Ltd. (Prada S.p.A.)
FIG 20 SWOT Analysis: PVH Corporation
FIG 21 SWOT Analysis: HUGO BOSS AG
FIG 22 SWOT Analysis: C & J. Clark International Ltd.
FIG 23 SWOT Analysis: Alden Shoe Company
FIG 24 SWOT Analysis: Dolce & Gabbana S.r.l.