Sneaker Market Overview, Size, Trends, Demand, and Report 2024-2032

 

The latest report by IMARC Group, titled “Sneaker Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the sneaker market analysis sneaker market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global sneaker market size reached US$ 88.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 147.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.76% during 2024-2032.

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Sneaker Market Trends:

The global sneaker market is experiencing robust growth driven by several key factors. The rising trend of athleisure, where consumers prioritize comfort and style, is significantly boosting the demand for sneakers. This trend is particularly prevalent among younger demographics who favor versatile footwear that can be worn for both casual and athletic activities. Additionally, the increasing popularity of fitness and sports activities is driving the demand for performance-oriented sneakers that provide enhanced comfort and support.

Technological advancements in sneaker manufacturing, such as the integration of smart technologies and sustainable materials, are further propelling market growth. Along with this, the rise in e-commerce and online retail platforms is also facilitating easier access to a wide variety of sneaker brands and designs, contributing to higher sales volumes. Furthermore, celebrity endorsements and collaborations with fashion influencers are enhancing brand visibility and attracting a broader consumer base.

Sneaker Market Scope and Growth Analysis:

The global market encompasses a wide range of segments, including athletic, casual, and luxury sneakers, catering to diverse consumer preferences. The market is witnessing significant growth across various regions, with North America and Europe leading in terms of revenue generation, driven by high disposable incomes and a strong sports culture. Meanwhile, emerging economies in the Asia-Pacific region are also contributing to market expansion, fueled by increasing urbanization and a growing middle-class population with a penchant for branded footwear.

In addition, the rise of digital marketing and social media platforms is further amplifying market reach, enabling brands to engage directly with consumers and tailor their offerings. Innovations in sneaker design, such as lightweight materials, enhanced cushioning, and eco-friendly components, are attracting environmentally conscious consumers and fitness enthusiasts. Moreover, the growing trend of sneaker customization and limited-edition releases is fostering a sense of exclusivity and driving consumer interest.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Adidas AG
• ASICS Corporation
• Benetton Group S.r.l.
• Columbia Sportswear Company
• ECCO Sko A/S
• Hanesbrands Inc.
• Kering SA
• New Balance
• Nike Inc.
• Puma SE
• Reebok International Limited (Authentic Brands Group LLC)
• Skechers U.S.A. Inc.
• Under Armour Inc.
• VF Corporation

Sneaker Market Segmentation:

Our report has categorized the market based on region, product type, category, price point, distribution channel, and end user.

Breakup by Product Type:

• Low-Top Sneakers
• Mid-Top Sneakers
• High-Top Sneakers

Breakup by Category:

• Branded
• Private Label

Breakup by Price Point:

• Luxury
• Economic

Breakup by Distribution Channel:

• Specialty Stores
• Supermarkets and Hypermarkets
• Brand Outlets
• Online Stores
• Others

Breakup by End User:

• Men
• Women
• Kids

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About US:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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