Global Sneakers Market 2024-2028
The sneakers market is forecasted to grow by USD 34.75 bn during 2023-2028, accelerating at a CAGR of 7.44% during the forecast period. The report on the sneakers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing premiumization due to introduction of more innovative sneakers, popularity of marketing strategies such as celebrity endorsements, and expansion of distribution networks.
Technavio's sneakers market is segmented as below:
By Product
- Adult sneaker
- Children sneaker
By Distribution Channel
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the use of environment-friendly materials to manufacture sneakers as one of the prime reasons driving the sneakers market growth during the next few years. Also, increased emphasis on optimal product designs to improve performance and advent of customized and personalized sports gear and equipment, including footwear will lead to sizable demand in the market.
The report on the sneakers market covers the following areas:
- Sneakers market sizing
- Sneakers market forecast
- Sneakers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sneakers market vendors that include Adidas AG, Allbirds Inc., ANTA Sports Products Ltd., ASICS Corp., Berkshire Hathaway Inc., Boardriders, Deckers Outdoor Corp., ECCO Sko AS, Fila Holdings Corp., Mizuno Corp., New Balance Athletics Inc., Nike Inc., On Holding AG, PUMA SE, Skechers USA Inc., TBL Licensing LLC, Under Armour Inc., Veja Faire Trade SARL, VF Corp., and Wolverine World Wide Inc.. Also, the sneakers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.