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 share. 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 witnessing substantial growth, driven by several key factors. Additionally, the increasing inclination towards athleisure fashion, where casual wear is seamlessly integrated with athletic apparel, is significantly supporting the demand for sneakers. Furthermore, the rising health consciousness among consumers, coupled with the growing popularity of fitness activities such as running, jogging, and gym workouts, is augmenting the market. Technological advancements in sneaker design, including the incorporation of advanced materials that enhance comfort, durability, and performance, are further propelling market expansion.

Apart from this, collaborations between prominent sportswear brands and celebrities or fashion designers are creating limited-edition sneakers, generating heightened consumer interest and driving sales. Along with this, the rise in e-commerce and the growing trend of online shopping are also facilitating market growth, providing consumers with easy access to a wide range of products. In addition, the increasing disposable incomes and changing lifestyle preferences in emerging economies are contributing to the robust demand for sneakers globally.

Sneaker Market Scope and Growth Analysis:

The global market encompasses a wide range of products tailored to meet diverse consumer needs, from casual wear to high-performance athletic footwear. This market includes various types of sneakers such as running shoes, training shoes, walking shoes, and specialty shoes designed for specific sports like basketball and tennis. The introduction of eco-friendly and sustainable materials in sneaker manufacturing, such as recycled plastics and organic cotton, is attracting environmentally conscious consumers.

The market's growth is further supported by the expansion of retail channels, including both physical stores and online platforms, which offer a comprehensive selection of sneakers. In confluence, advancements in manufacturing technologies, such as 3D printing and custom fit solutions, are enhancing product innovation and consumer satisfaction. Market analysis indicates a positive growth trajectory, driven by increasing investments in product development and marketing strategies aimed at broadening the consumer base and strengthening brand loyalty. The integration of smart technologies, such as fitness tracking features in sneakers, is creating a positive market outlook.

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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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