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The latest report by IMARC Group, titled “Sneaker Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” 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 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 propelled by several factors, including the rising popularity of athleisure and the integration of fitness into daily lifestyles. Increasing health consciousness and the trend towards physical activity spur demand for performance-oriented sneakers. Additionally, sneaker culture, heavily influenced by celebrity endorsements and collaborations with fashion designers, boosts brand appeal and consumer interest.
Technological advancements in sneaker design, emphasizing comfort, sustainability, and innovative materials, further attract consumers. E-commerce and social media platforms play a crucial role in broadening market reach, providing easy access to the latest releases and trends. Lastly, the growing disposable income, particularly in emerging economies, allows consumers to spend more on premium and designer sneakers, driving overall market growth.
Sneaker Market Scope and Growth Analysis:
The global sneaker market encompasses a broad range of products, including sports, casual, and designer sneakers, catering to diverse consumer preferences. Market analysis indicates significant growth, driven by urbanization and lifestyle shifts towards casual and comfortable attire. North America and Europe dominate the market due to high consumer purchasing power and established brands. However, Asia-Pacific is emerging as a critical region with rapid urbanization and increasing disposable income.
Key players in the market continuously innovate to maintain competitive advantage, focusing on sustainable practices and technological integration. Market segmentation by end-user, distribution channel, and geography provides detailed insights into consumer behavior and preferences, aiding strategic decision-making. The market's outlook remains positive, with expectations of continued growth fueled by the ongoing trends in fitness, fashion, and technology.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/sneaker-market
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 region, 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 (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, 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
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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
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