Press release
Sneaker Market Segmentation, Analysis, Trends, Growth, Opportunities and Forecast 204-2032
Sneaker 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 Trends:
The global sneaker market is driven by the increasing consumer preference for athleisure and casual footwear, coupled with the growing trend of fitness and wellness. Along with this, the influence of celebrity endorsements and social media marketing plays a crucial role in shaping consumer preferences, thereby boosting demand for sneakers. Additionally, the rising disposable income and changing lifestyle patterns contribute to the heightened demand for premium and high-performance sneakers.
Technological advancements in sneaker manufacturing, including the use of innovative materials and sustainable production methods, further enhance product appeal and drive market expansion. Furthermore, the growing popularity of e-commerce platforms offers a convenient shopping experience, broadening the consumer base and fostering market growth.
Sneaker Market Scope and Growth Analysis:
The scope of the global market encompasses various segments, including sports, lifestyle, and specialty sneakers, catering to diverse consumer needs and preferences. The market growth analysis indicates a strong expansion trajectory driven by continuous product innovation and design enhancements. In addition, the integration of smart technologies, such as fitness tracking and augmented reality, into sneakers offers added value and appeals to tech-savvy consumers.
Concurrently, the increasing focus on sustainability and eco-friendly materials in sneaker production aligns with the growing consumer demand for environmentally responsible products, further supporting market growth. The expansion of sneaker customization services, enabling consumers to personalize their footwear, also contributes to market dynamism. Moreover, the rising influence of streetwear culture and collaborations between sneaker brands and fashion designers are 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 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 (USA, Canada)
• Europe (Germany, France, UK, Italy, Spain, Russia, others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
• Middle East/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
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About US:
IMARC Group is a leading market research firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group's information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company's top areas of expertise.
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