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 report. 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.
Request a Sample Request: https://www.imarcgroup.com/sneaker-market/requestsample
Sneaker Market Overview:
A sneaker is a type of footwear designed primarily for sports or other forms of physical exercise and has also become an integral part of casual fashion and everyday wear. Characterized by a flexible sole made of rubber or synthetic material and an upper part manufactured of leather or synthetic substitutes, sneakers are known for providing comfort, support, and protection to the feet during various activities.
Sneakers have evolved from simple athletic shoes to symbols of style, culture, and identity, crossing over into various aspects of life including music, art, and politics. Today, the sneaker industry is a multi-billion dollar global phenomenon, with collectors, enthusiasts, and casual wearers driving demand for the latest designs, limited editions, and classic staples. Brands such as Nike, Adidas, and Converse are among the most recognized in the sneaker world, each offering a wide range of products that cater to diverse tastes and activities, from professional sports to casual day-to-day wear.
Sneaker Market Trends:
The increasing trend of athleisure fashion, where consumers blend athletic wear with casual, everyday clothing is driving the global market. This trend underscores a shift towards comfort and style, making sneakers a preferred choice for people of all ages. Furthermore, the rise of health-conscious consumers who prioritize fitness and physical activities contributes significantly to the demand for performance-oriented sneakers.
Collaborations between brands and celebrities or renowned designers play a crucial role in driving the sneaker market. These collaborations often result in limited edition releases, creating a sense of exclusivity and desirability among consumers. The scarcity of these products can lead to increased demand and, subsequently, higher resale values in the secondary market, attracting collectors and sneaker enthusiasts. Technological advancements in materials and design innovation also fuel the sneaker industry's growth. Brands continuously innovate to improve the comfort, durability, and performance of their products, appealing to consumers seeking the latest in sneaker technology.
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.
- 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 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:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- North America (United States, Canada)
- Middle East and Africa
- Latin America (Brazil, Mexico, 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.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments
0 comment