Sneaker Market Size Worth USD 157.9 Billion by 2033 | CAGR 5.32%: IMARC Group

The latest report by IMARC Group, titled "𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 (𝐋𝐨𝐰-𝐓𝐨𝐩 𝐒𝐧𝐞𝐚𝐤𝐞𝐫𝐬, 𝐌𝐢𝐝-𝐓𝐨𝐩 𝐒𝐧𝐞𝐚𝐤𝐞𝐫𝐬, 𝐇𝐢𝐠𝐡-𝐓𝐨𝐩 𝐒𝐧𝐞𝐚𝐤𝐞𝐫𝐬), 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 (𝐁𝐫𝐚𝐧𝐝𝐞𝐝, 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐋𝐚𝐛𝐞𝐥), 𝐏𝐫𝐢𝐜𝐞 𝐏𝐨𝐢𝐧𝐭 (𝐋𝐮𝐱𝐮𝐫𝐲, 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜), 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬, 𝐁𝐫𝐚𝐧𝐝 𝐎𝐮𝐭𝐥𝐞𝐭𝐬, 𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫 (𝐌𝐞𝐧, 𝐖𝐨𝐦𝐞𝐧, 𝐊𝐢𝐝𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑," offers a comprehensive analysis of the 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 𝐔𝐒𝐃 𝟗𝟒.𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒. Looking forward, IMARC Group expects the market to reach 𝐔𝐒𝐃 𝟏𝟓𝟕.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟑, exhibiting a 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟓.𝟑𝟐% during 2025-2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/sneaker-market/requestsample

𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

• 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

There are significant shifts and developments in the sneaker market with the key drivers being the artistry and creativity in design, collaborations with well known brands and the sneaker culture. The intro of limited editions and collaboration with renowned brands and artists creates an encouraging resale market as the demand is sustained.

Sustainability has been brought to the forefront as a principle trend with customers preferring more sustainable material inputs and production methods. Also, smart technology shoes and the use of augmented reality in shopping are changing the norms. This combination of history and progress extends the flexibility of the market and its responsiveness to changes in demand of the consumers.

• 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The global popularity for sneakers is propelled by an increasing number of people with high disposable sources of income, the growing trend of taking up sports and fitness activities, along with the rise of the athleisure wear culture. Further, the number of people purchasing shoes online has grown within the e-commerce channels.

As a result, emerging economies, primarily in the Asia-Pacific region, are driving rapid growth due to urban development, youth and aspirational trends, and a growing middle class. In contrast, the introduction of luxury brands to the sneaker market has boosted the attractiveness of the segment itself, targeting the wealthy. These elements in combination guarantee that there is a demand and that the growth of the sneaker industry is very promising.

• 𝐅𝐮𝐭𝐮𝐫𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐧𝐞𝐚𝐤𝐞𝐫𝐬

The sneaker market is likely to witness growth due to multiple factors including technological factors, culture, and innovations for the consumers. The custom-fitting shoes that utilize AI and 3D printers will revolutionize self-identification. Sustainability will probably not be the last of consumers' priorities, as brands will pursue carbon neutrality and leam from recyclable materials.

In addition, the younger population who are more technically oriented will also be drawn to the use of metaverse features like virtual sneaker showcases and NFT based ownership. The combination of technology, environmental concern and cultural relevance will ensure that the sneaker market will continue to grow and change.

𝐀𝐬𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.imarcgroup.com/request?type=report&id=12939&flag=C

𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

• Low-Top Sneakers
• Mid-Top Sneakers
• High-Top Sneakers

𝐌𝐢𝐝-𝐭𝐨𝐩 𝐬𝐧𝐞𝐚𝐤𝐞𝐫𝐬 accounts for the majority of the market share.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲:

• Branded
• Private Label

𝐁𝐫𝐚𝐧𝐝𝐞𝐝 holds the largest share in the industry.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐢𝐜𝐞 𝐏𝐨𝐢𝐧𝐭:

• Luxury
• Economic

𝐋𝐮𝐱𝐮𝐫𝐲 represents the leading market segment.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

• Specialty Stores
• Supermarkets and Hypermarkets
• Brand Outlets
• Online Stores
• Others

𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐬𝐭𝐨𝐫𝐞𝐬 exhibits a clear dominance in the market.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

• Men
• Women
• Kids

𝐌𝐞𝐧 dominates the market.

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)

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 leads the market, accounting for the largest sneaker market share.

𝐓𝐨𝐩 𝐒𝐧𝐞𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The Sneaker Market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• 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

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 global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.