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In 2022, the distribution channel for sneakers was worth $78.29 billion. During the projection period (2023-2030), the Sneakers market industry is expected to rise from 2023's USD 84.19 Billion to 2030's USD 152.15 Billion, a CAGR of 9.60%. The proliferation of online marketplaces around the world and the increasing demand for trendy, branded, and high-fashion sneakers are the primary factors fueling the industry's expansion.
One of the main forces propelling the expansion of the market is the global spread of internet platforms. A rise in disposable income, which increases demand for more comfortable and inventive sneakers, and a rising preference for attractive, branded, and high-fashion sneakers among consumers of all ages both contribute to the industry's rapid expansion. However, the rise is anticipated to be hampered by the simple accessibility of duplicated or counterfeit products by local manufacturers. The market for shoes is growing as more and more consumers demand footwear with unique designs and features. The expanding middle class and rising awareness of the need of physical activity are two of the main factors propelling the fitness sector forward today. The rising interest among young people in physical activity and sports is also contributing to rising product demand.
The increasing availability of online marketplaces all over the world is also fueling the sneaker industry's expansion. Growth in the market is being fueled by factors such as rising disposable income, which drives demand for more comfortable and inventive footwear, and rising consumer preference for stylish, branded, and high-fashion footwear among people of all ages. However, it is anticipated that market expansion will be hampered by the simple accessibility of counterfeit or false products made by local manufacturers.
Sneakers are a type of footwear designed for use in sports and other types of physical exertion. They are a type of footwear characterized by a flexible rubber or synthetic sole. The uppers of shoes are often made of cloth, leather, or a synthetic material. The majority of their wearers use them as their regular footwear.
One of the key forces fueling the expansion of the worldwide sneakers business is the demand for more comfortable and cutting-edge footwear, together with people's better lifestyles and increased disposable income. The availability of easily configurable and cutting-edge features in footwear, along with the widespread taste for fashionable, branded, and high-fashion footwear among consumers of all ages, presents enormous growth opportunities for the footwear industry. Market demand is being bolstered by a number of factors, including a growing population and a heightened focus on health and wellness among young people. All of these things, plus people's increased interest in health and fitness, are encouraging them to get more physically active.
The proliferation of online services around the world is a major factor in the development of this market. The need for more comfortable and innovative trainers is being driven by the increasing taste for high-fashion, branded trainers across all age groups as well as by a rise in disposable cash. However, the availability of locally created products that are replicated or counterfeit is expected to impede the expansion. Those who produce and sell sneakers with modifiable, state-of-the-art features will have a greater chance of making a profit. People's increasing interest in health and wellness, along with the expanding global population, is driving demand for fitness-related products and services. The increased interest in sports and fitness among the young population also contributes to rising product demand.
Trainers are becoming increasingly popular around the world as a form of casual and fashionable footwear for people of all ages. The market features an array of footwear that varies in color, design, and price to cater to the needs and desires of a wide range of shoppers. The sneaker market has expanded thanks to innovative advertising and sales methods, the rise of e-commerce, and the popularity of recently released limited edition models. Participants are investing more in brand development and marketing strategies due to the intense competition in the industry. This raises the profile of their company and strengthens their brand, allowing them to attract a larger customer base. Many smaller manufacturers compete fiercely with the world's largest shoe manufacturers.
Report Coverage
Global Sneakers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sneakers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sneakers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sneakers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sneakers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sneakers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
PUMA SE (Germany), SKECHERS (U.S.), Nike, Inc (U.S.), JACK WOLFSKIN (Germany), Woodland Worldwide (India), The Aldo Group Inc. (Canada), Under Armour, Inc. (U.S.), Bata Corporation (Switzerland), adidas AG (Germany), New Balance (U.S.), ASICS Asia Pte. Ltd. (Japan), Columbia Sportswear Company (U.S.), ECCO Sko A/S (Denmark), Geox S.p.a (Italy), Hermès (france), KERING (France), TBL Licensing LLC (U.S.), Tapestry, Inc. (U.S.), and LVMH Moët Hennessy (France) among others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sneakers market based on the below-mentioned segments:
Global Sneakers Market, By Product Type
Low-Top Sneakers
Mid-Top Sneakers
High-Top Sneakers
Global Sneakers market, By Category
Private Label
Branded
Global Sneakers Market, By End User
Men
Women
Kids
Global Sneakers market, Regional Analysis
One of the main forces propelling the expansion of the market is the global spread of internet platforms. A rise in disposable income, which increases demand for more comfortable and inventive sneakers, and a rising preference for attractive, branded, and high-fashion sneakers among consumers of all ages both contribute to the industry's rapid expansion. However, the rise is anticipated to be hampered by the simple accessibility of duplicated or counterfeit products by local manufacturers. The market for shoes is growing as more and more consumers demand footwear with unique designs and features. The expanding middle class and rising awareness of the need of physical activity are two of the main factors propelling the fitness sector forward today. The rising interest among young people in physical activity and sports is also contributing to rising product demand.
The increasing availability of online marketplaces all over the world is also fueling the sneaker industry's expansion. Growth in the market is being fueled by factors such as rising disposable income, which drives demand for more comfortable and inventive footwear, and rising consumer preference for stylish, branded, and high-fashion footwear among people of all ages. However, it is anticipated that market expansion will be hampered by the simple accessibility of counterfeit or false products made by local manufacturers.
Sneakers are a type of footwear designed for use in sports and other types of physical exertion. They are a type of footwear characterized by a flexible rubber or synthetic sole. The uppers of shoes are often made of cloth, leather, or a synthetic material. The majority of their wearers use them as their regular footwear.
One of the key forces fueling the expansion of the worldwide sneakers business is the demand for more comfortable and cutting-edge footwear, together with people's better lifestyles and increased disposable income. The availability of easily configurable and cutting-edge features in footwear, along with the widespread taste for fashionable, branded, and high-fashion footwear among consumers of all ages, presents enormous growth opportunities for the footwear industry. Market demand is being bolstered by a number of factors, including a growing population and a heightened focus on health and wellness among young people. All of these things, plus people's increased interest in health and fitness, are encouraging them to get more physically active.
The proliferation of online services around the world is a major factor in the development of this market. The need for more comfortable and innovative trainers is being driven by the increasing taste for high-fashion, branded trainers across all age groups as well as by a rise in disposable cash. However, the availability of locally created products that are replicated or counterfeit is expected to impede the expansion. Those who produce and sell sneakers with modifiable, state-of-the-art features will have a greater chance of making a profit. People's increasing interest in health and wellness, along with the expanding global population, is driving demand for fitness-related products and services. The increased interest in sports and fitness among the young population also contributes to rising product demand.
Trainers are becoming increasingly popular around the world as a form of casual and fashionable footwear for people of all ages. The market features an array of footwear that varies in color, design, and price to cater to the needs and desires of a wide range of shoppers. The sneaker market has expanded thanks to innovative advertising and sales methods, the rise of e-commerce, and the popularity of recently released limited edition models. Participants are investing more in brand development and marketing strategies due to the intense competition in the industry. This raises the profile of their company and strengthens their brand, allowing them to attract a larger customer base. Many smaller manufacturers compete fiercely with the world's largest shoe manufacturers.
Report Coverage
Global Sneakers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sneakers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sneakers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sneakers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | PUMA SE (Germany), SKECHERS (U.S.), Nike, Inc (U.S.), JACK WOLFSKIN (Germany), Woodland Worldwide (India), The Aldo Group Inc. (Canada), Under Armour, Inc. (U.S.), Bata Corporation (Switzerland), adidas AG (Germany), New Balance (U.S.), ASICS Asia Pte. Ltd. (Japan), Columbia Sportswear Company (U.S.), ECCO Sko A/S (Denmark), Geox S.p.a (Italy), Hermès (france), KERING (France), TBL Licensing LLC (U.S.), Tapestry, Inc. (U.S.), and LVMH Moët Hennessy (France) among others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Sneakers Market from 2021 to 2030.
- Market Forecast for Sneakers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Sneakers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sneakers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sneakers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sneakers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
PUMA SE (Germany), SKECHERS (U.S.), Nike, Inc (U.S.), JACK WOLFSKIN (Germany), Woodland Worldwide (India), The Aldo Group Inc. (Canada), Under Armour, Inc. (U.S.), Bata Corporation (Switzerland), adidas AG (Germany), New Balance (U.S.), ASICS Asia Pte. Ltd. (Japan), Columbia Sportswear Company (U.S.), ECCO Sko A/S (Denmark), Geox S.p.a (Italy), Hermès (france), KERING (France), TBL Licensing LLC (U.S.), Tapestry, Inc. (U.S.), and LVMH Moët Hennessy (France) among others
Primary Target Market
- Market Players of Sneakers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sneakers market based on the below-mentioned segments:
Global Sneakers Market, By Product Type
Low-Top Sneakers
Mid-Top Sneakers
High-Top Sneakers
Global Sneakers market, By Category
Private Label
Branded
Global Sneakers Market, By End User
Men
Women
Kids
Global Sneakers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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