Sneakers have been a part of American culture but now they have successfully implanted their presence across the world and are highly in demand among people especially, from the young millennials. Mainly, changing preferences towards a healthy lifestyle, increasing participation of the young population in sports and fitness activities and increasing inclination for branded & high-fashion footwear is driving the market of sneakers. Furthermore, the large number of sales channels and the rising importance of internet retailing is adding impetus growth to the market.
As per the new market study added by Value Market Research, the Global Sneaker Market was valued USD 62,534.5 MN (by revenue) in 2017 and is anticipated to reach USD 97,825.2 MN by 2024 with a CAGR of 7.0%.
ADULT SNEAKER IS LIKELY TO GAIN POPULARITY
Adult sneaker led the segment in 2017 and is expected to reach USD XX.X MN by the end of 2024. The growth of the segment can be attributed to the shifting preferences of people towards a healthy lifestyle, increasing participation of the young population in sports and fitness activities. Further, the increasing demand for branded & high-fashion footwear is again driving the segment growth. Also, the growing sense of fashion consciousness among adults is further boosting the growth.
COMPETITION IS PROJECTED TO RAISE THE DEMAND
Competition is dominating the segment owing to the growing trend of competition in sports activities along with the government initiatives for supporting sports activity across the globe is fueling the growth. By the end of 2024, the segment is expected to touch USD XX.X MN.
APAC EMERGED AS THE LARGEST MARKET FOR SNEAKERS
APAC accounts for the highest market share in 2017 and is expected to reach USD XX.X MN by 2024. Asia-Pacific region is ruling the market of sneakers owing to the presence of the large number of the adult population, and rising disposable income in the region. Further, active participation of government in encouraging sports activities, the rising awareness about healthy lifestyle coupled with the increasing adoption of sports as a career among people is a major factor driving the growth. Also, growing demand for comfortable and lightweight sneakers for jogging and running for both men & women is further propelling market growth in the region.
PROMINENT PLAYERS IN THE MARKET:
Adidas AG, Nike Inc., Puma SE, Asics Corporation, UGG, KEDS, ECCO, and Pentland Group Plc.
As per this study, the Global Sneaker Market was valued USD 62,534.5 MN (by revenue) in 2017 and is anticipated to reach USD 97,825.2 MN by 2024 with a CAGR of 7.0%.
Sneakers are shoes primarily designed for sports or other forms of physical exercise, they are also known as athletic shoes, tennis shoes, jogger’s, gym shoes, runners, and takkies, but they consider to be more fashionable. Nowadays, people wear it even as a part of casual attire since it is more comfortable and cool. Eventually, they are similar to any athletic shoe type of footwear with a flexible sole made of rubber or synthetic material and the upper part is made of canvas. Examples of such shoes include athletic footwear such as basketball shoes, tennis shoes, cross trainers and other shoes worn for specific sports.
Owing to a large number of adult population, and rising disposable income are the major factor driving the market. Further, active participation of government in encouraging sports activities, the escalating awareness about healthy lifestyle coupled with the increasing adoption of sports as a career among people are adding impetus growth to market of sneakers. However, rising price and the counterfeit product is likely to limit the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sneaker.
The broad sneaker market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application Market Share 2017
- Adult Sneaker
- Children Sneaker
- Amateur Sports
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for sneaker in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
North America Sneaker Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sneaker market includes Adidas AG, Nike Inc., Puma SE, Asics Corporation, UGG, KEDS, ECCO, And Pentland Group Plc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Major Company Players Market Share
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Sneaker
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Sneaker Market: Snapshot
4. SNEAKER MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. SNEAKER MARKET ANALYSIS BY APPLICATION
- Market In Adult Sneaker
- Market In Children Sneaker
6. SNEAKER MARKET ANALYSIS BY GEOGRAPHY
- Market In Competition
- Market In Amateur Sports
- Market In Lifestyle
7. COMPETITIVE LANDSCAPE OF THE SNEAKER COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Canada Market Estimates By Segments
- Mexico Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE SNEAKER INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Adidas AG
- Nike Inc.
- Puma Se
- Asics Corporation
- Pentland Group Plc
Table 1. Market Highlights Of Sneaker
Table 2. Global Sneaker Market By Product
Table 3. Global Sneaker Market By Application
Table 4. Global Sneaker Market By Geography
Table 5. North America Sneaker Market
Table 6. Europe Sneaker Market
Table 7. Asia Pacific Sneaker Market
Table 8. Latin America Sneaker Market
Table 9. Middle East And Africa Sneaker Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Sneaker Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Sneaker
Fig. 5. Value Chain Analysis
Fig. 6. Porter’s Five Forces Analysis
Fig. 7. Global Sneaker Market By Product
Fig. 8. Global Sneaker Market By Application
Fig. 9. Global Sneaker Market By Geography
Fig. 10. North America Sneaker Market
Fig. 11. Europe Sneaker Market
Fig. 12. Asia Pacific Sneaker Market
Fig. 13. Latin America Sneaker Market
Fig. 14. Middle East And Africa Sneaker Market
Fig. 15. Market Share Of Sneaker Companies
Fig. 16. Recent Developments In Sneaker Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.