Sneaker Market Analysis, Growth, Share, and Report 2024-32

According to IMARC Group latest report titled “Sneaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on sneaker market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

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 Overview:

Sneakers, also known as athletic shoes, trainers, or kicks, are footwear specifically designed for sports and casual wear. They typically feature a rubber sole for traction and cushioning, providing comfort and support during physical activities such as running, walking, or exercising. Sneakers come in various styles, including low-tops, high-tops, and mid-tops, each offering different levels of ankle support and flexibility. Originally intended for athletic purposes, sneakers have evolved into a fashion staple, with numerous brands producing trendy designs for everyday wear. The materials used in sneaker construction vary widely, ranging from canvas and leather to synthetic fabrics and knit materials. Advanced technologies such as air cushioning, gel inserts, and lightweight materials enhance comfort and performance, making modern sneakers suitable for a wide range of activities.          

Sneaker Market Trends:

The increased demand for sneakers as fashion staples is driving the global market. This cultural shift towards sneakers as a fashion statement has spurred the growth of the market, with consumers actively seeking out new styles, designs, and limited edition releases. Moreover, the influence of streetwear culture, driven by social media platforms and celebrity endorsements, has played a crucial role in shaping consumer preferences in the sneaker market. Sneaker collaborations between renowned brands and fashion designers, artists, musicians, and athletes have created buzz and hype around exclusive releases, driving up demand and prices. Furthermore, the growing popularity of sustainable and eco-friendly fashion practices has led to an increased demand for sustainable sneakers manufactured from recycled materials or produced using environmentally friendly manufacturing processes.  

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the 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 Report 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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