Sneakers - Worldwide

Worldwide

In 2024, the revenue generated in the Sneakers market worldwide is an impressive US$85.2bn.
It is projected that this market will experience an annual growth of 5.30% (CAGR 2024-2029).
Comparing the revenue generated by different countries, in the United States dominates the market by generating the most revenue in the Sneakers market, which is estimated to reach US$24,510m in 2024.
To put this into perspective, the revenue generated per person in 2024 is expected to be US$10.99.
Looking ahead, the volume of the Sneakers market is predicted to reach 1.5bn pairs by 2029.
Additionally, there is an expected volume growth of 2.9% in 2025 alone.
The average volume per person in the Sneakers market is predicted to be 0.17pairs in 2024.
These figures clearly demonstrate the potential for growth in the Sneakers market worldwide.
Sneaker culture in the United States continues to thrive with high demand for limited edition releases and collaborations.

Key regions: Australia, China, India, Vietnam, Philippines

Market

Region

Region comparison

Currency

Analyst Opinion

Since fashion trends have frequently carried over into the sneakers industry, they have now become a part of the everyday style of 40% of consumers, according to the Statista Global Consumer Survey. In terms of revenue value, the United States is in the lead, where sneakers have long been thought of as a culture. When it comes to revenue numbers, the Sneaker segment is led by two of its biggest players, Nike and Adidas.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Gym and Training, Running, Boots, Business and Formal, and Sandals, that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.