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Written by Oliver » Updated on: October 23rd, 2024
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 global sneaker market. 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 driven by several influential factors contributing to its robust growth. The increasing consumer focus on health and fitness has significantly elevated the demand for athletic footwear designed for various sports and physical activities. Additionally, the growing popularity of athleisure fashion, which integrates athletic and leisurewear, is driving sneaker sales as consumers seek versatile and stylish footwear.
Major sportswear brands continuously innovate, introducing technologically advanced sneakers with enhanced comfort, performance, and durability, appealing to both athletes and casual wearers. The influence of celebrity endorsements and collaborations with renowned designers further enhances market appeal and consumer interest. Moreover, the rise of e-commerce platforms and the expansion of retail networks have made sneakers more accessible to a broader audience, supporting market growth.
Sneaker Market Scope and Growth Analysis:
The scope of the global market is extensive, encompassing a diverse range of products catering to various consumer preferences and needs. The market growth is propelled by the continuous evolution of sneaker designs, incorporating cutting-edge materials and sustainable practices, such as the use of recycled and eco-friendly materials. Along with this, the integration of smart technology in sneakers, offering features such as fitness tracking and customized fitting, adds a new dimension to product offerings.
The increasing trend of sneaker customization, allowing consumers to personalize their footwear, enhances market attractiveness. In addition, the expansion of sneaker culture, fueled by social media and influencer marketing, significantly impacts consumer purchasing behavior. The market is also witnessing a rise in demand for limited edition and collectible sneakers, driven by brand collaborations and exclusive releases.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/sneaker-market
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.
Sneaker Market Segmentation:
Our report has categorized the market based on product type, category, price point, distribution channel, and end user.
Breakup by Product Type:
Breakup by Category:
Breakup by Price Point:
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Region:
Key Highlights of the Report:
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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