Global Sneaker Market Overview:
The sneakers are a type of footwear with a flexible sole made of synthetic material or rubber and an upper part made of synthetic substitutes, cloth, and leather. It is also referred to as athletic shoes, tennis shoes, and gym shoes. They are primarily designed for sports or other forms of physical exercise. However, they are also used as casual or everyday wear. In the last few years, the popularity of sneakers has increased among youth and athletes. Based on the type, the market has been segmented into adult sneakers and children's sneakers. Based on application, the market has been segmented into competition, amateur sports, and lifestyle.
As per latest study released by AMA Research, the Global Sneaker market is expected to see growth rate of 7.1% and may see market size of USD97845.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Rising Popularity of Hiking-inspired Sneakers among the Youth and The Growing Popularity of Metallic Flash Sneakers
Market Growth Drivers:
The Rising Adult Population Worldwide, The Rising Disposable Income among the People, The Rising Sports Activities across the Globe, A Growing Awareness of Healthy Lifestyle among the People and A Rising Popularity of Casual Wear among the Youth
Challenges:
Intense Competitive Rivalry among the Manufacturers
Restraints:
Rising Price of the Product and Availability of Counterfeit Product
Opportunities:
The Rising Demand from APAC regions and Product Innovations
Competitive Landscape:
Some of the key players profiled in the report are Nike Inc. (United States), Puma Se (Germany), Asics Corporation (Japan), Adidas AG (Germany), UGG Boots (Australia), KEDS (United States), ECCO (Denmark), Pentland Group Plc (United Kingdom), Reebok (United States), Ariat (United States) and Li-Ning (China). Additionally, following companies can also be profiled that are part of our coverage like Alden Shoe Company (United States), Kickers (France), Airness (France), Under Armour (United States), MIZUNO Corporation (Japan), Kswiss (United States), New Balance (United States), Skechers (United States), ANTA Sports (China), 361° (China), Guirenniao (China), China Dongxiang (China) and Xtep (China). Analyst at AMA Research see United States, Chinese Vendors to retain maximum share of Global Sneaker market by 2028. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Sneaker market.
Latest Market Insights:
On 12 Dec 2018, Farfetch Limited, the leading worldwide technology platform for the luxury fashion industry, announced its definitive agreement to acquire Stadium Goods, the world's premier sneaker and streetwear marketplace, for an enterprise value of 250 million USD. and On 27 April 2018, Heritage footwear brand K-Swiss announced a ground-breaking new partnership with premier esports organization, Immortals, to launch the first signature sneaker for a professional gaming team.
On 14 Dec 2018, K-Swiss, a lifestyle brand, and Immortals, the global esports organization launched a limited edition “Immortals Icon” lifestyle sneaker from their collaboration. The limited-edition Immortals Icon retails for 110 USD and is available for purchase at kswiss.com/immortals.
What Can be Explored with the Sneaker Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sneaker Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sneaker
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sneaker market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sneaker market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sneakers Manufacturers, Sneakers Raw Material Suppliers, Sneakers Traders/ Distributors, Sneakers Importer/Exporter, Industry Associations, Regulatory Bodies and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.