Sneakers - Worldwide
Worldwide- In 2024, the revenue generated in the Sneakers market worldwide is an impressive US$84.5bn.
- It is projected that this market will experience an annual growth of 5.22% (CAGR 2024-2029).
- Comparing the revenue generated by different countries, United States dominates the market by generating the most revenue in the Sneakers market, which is estimated to reach US$25bn in 2024.
- To put this into perspective, the revenue generated per person in 2024 is expected to be US$10.91.
- 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 2.8% in 2025.0 alone.
- The average volume per person in the Sneakers market is predicted to be 0.16pairs 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
Definition:
The market for Sneakers refers to so-called “athleisure” footwear, i.e., everyday footwear with an athletic appearance where fashion aspects outweigh functional ones. The segments Sneakers and Athletic Footwear have seen an upsurge during the past years and have gained in importance in comparison to classic town footwear. Athletic Footwear that is specifically designed for sports purposes (e.g., soccer, tennis, basketball, etc.) is excluded and can be found in the corresponding Athletic Footwear segment.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (per pair), and sales channels data. The online distribution channel refers to the purchase of physical goods from a digital marketplace. In other words, the purchase is conducted via the internet, be it on a desktop PC, tablet, or smartphone. The offline distribution channel covers all purchases in stationary stores, by telesales, or via mail order (e.g., print catalogs).
Key players in the market include companies such as Nike, Adidas, Puma, and Asics.
In-Scope
- "Athleisure" footwear (everyday shoes with athletic design)
Out-Of-Scope
- Functional athletic footwear (e.g. for tennis, basketball, soccer, running etc.)
- Work and safety shoes
