Global Sneakers Market Report

The global demand for Sneakers Market is presumed to reach the market size of nearly USD 154.73 Billion by 2032 from USD 93.32 Billion in 2023 with a CAGR of 5.78% under the study period 2024-2032.

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.

Market Dynamics

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.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Sneakers. The growth and trends of Sneakers industry provide a holistic approach to this study.

Market Segmentation

This section of the Sneakers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Type

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

By End-user

• Men
• Women
• Kids

By Distribution Channel

• Department Store
• Specialty Stores
• Online
• Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Sneakers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Sneakers Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Sneakers market include Nike Inc., Adidas AG, New Balance Athletics Inc., ASICS Corp., Kering SA, Skechers USA Inc., Under Armour Inc., VF Corp., Puma SE, Relaxo Footwears Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.