Sneakers Market to Surge USD 107,118.13 million with Excellent CAGR of 4.50%

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Data Bridge Market Research analyses that the sneakers market which was USD 75,323.88 million in 2022, is expected to USD 107,118.13 million by 2030, and is expected to undergo a CAGR of 4.50% during the forecast period of 2023 to 2030.

The finest Sneakers Market survey report offers meticulous investigation of the current scenario of the global market, considering numerous market dynamics. This market research report has been produced with the systematic gathering of market information for the Sneakers Market industry. The report is a professional and detailed market study focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. Today’s businesses choose market research report solutions such as the Sneakers Market report because it aids in improved decision-making and revenue generation. Thus, the Sneakers Market report is an indispensable model for increments in business activities, qualitative work, and enhanced profits.

Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the credible Sneakers Market report. This industry report aids in establishing a correlative relationship between the product brand and consumers’ needs and preferences. The competitive landscape section of the report gives a clear insight into the market share analysis of key industry players. The report gives CAGR value fluctuation during the forecast period of 2022-2029 for the market. This industry report is helpful in finding out the size of the market for specific

Explore Further Details about This Research Sneakers Market Report

https://www.databridgemarketresearch.com/reports/global-sneakers-market

The proliferation of e-commerce platforms across the globe acts as one of the major factors driving the growth of the sneakers market. The increase in inclination towards trendy, branded, and high-fashion footwear among every age group, and the surge in disposable income increasing the requirement for more comfortable and innovative footwear accelerate the market growth. On the other hand, the easy availability of copied or fake products that are manufactured by local manufacturers is expected to obstruct market growth.

Data Bridge Market Research analyses that the sneakers market which was USD 75,323.88 million in 2022, is expected to USD 107,118.13 million by 2030, and is expected to undergo a CAGR of 4.50% during the forecast period of 2023 to 2030. “Mid-top sneakers” dominate the type segment of the sneakers market due to an increased awareness of health and fitness has resulted in an increase in demand for mid-top shoes, mainly in developed nations. Mid-top sneakers are in great demand due to new product introductions and improved degrees of comfort provided by shoes. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Market Definition

Sneakers, also known as athletic shoes, trainers, or tennis shoes, are a type of footwear designed primarily for sports, physical exercise, and casual wear. They are characterized by their comfortable and flexible construction, typically featuring rubber soles with cushioning and support to protect the feet during various activities. Sneakers are known for their lace-up or slip-on design, providing a secure fit.

Some of the major players operating in the sneakers market are:

  • PUMA SE (Germany)
  • SKECHERS (U.S.)
  • Nike, Inc (U.S.)
  • JACK WOLFSKIN (Germany)
  • Woodland Worldwide (India)
  • The Aldo Group Inc. (Canada)
  • Under Armour, Inc. (U.S.)
  • Bata Corporation (Switzerland)
  • adidas AG (Germany)
  • New Balance (U.S.)
  • ASICS Asia Pte. Ltd. (Japan)
  • Columbia Sportswear Company (U.S.)
  • ECCO Sko A/S (Denmark)
  • Geox S.p.a (Italy)
  • Hermès (France)
  • KERING (France)
  • TBL Licensing LLC (U.S.)
  • Tapestry, Inc. (U.S.)
  • LVMH Moët Hennessy (France)

Drivers

  • The Athleisure Fashion Trend

Athleisure fashion combines comfort with style, and sneakers epitomize this trend by offering a comfortable and versatile footwear option. Consumers are increasingly prioritizing comfort in their daily attire, especially as more people work from home or engage in casual activities. The athleisure trend has blurred the lines between traditional dress codes. People are now wearing sneakers not only for sports and workouts but also as part of their everyday attire. This shift has led to higher sneaker adoption rates. Sneakers are highly versatile and can be paired with a wide range of clothing styles, including jeans, leggings, dresses, and more. This versatility makes sneakers an essential wardrobe item, contributing to their popularity.

The athleisure trend's emphasis on comfort, versatility, and a healthy lifestyle has driven the demand for sneakers beyond sports and fitness activities, making them a staple in everyday fashion. This trend has reshaped consumer expectations and preferences, influencing the entire sneakers market.

  • Increasing Awareness of the Importance of Regular Physical Activity and Fitness

There is a global shift toward promoting an active and healthy lifestyle. Governments, healthcare organizations, and fitness influencers consistently encourage people to engage in regular physical activity. Sneakers are seen as essential footwear for various activities, including walking, running, jogging, and going to the gym. Running and outdoor sports such as hiking and trail running have gained popularity. Sneakers designed for specific activities, such as running shoes, trail shoes, and hiking boots, cater to the needs of fitness enthusiasts. Many companies now offer wellness programs and encourage their employees to stay active and fit. As a result, sneakers are frequently worn by employees during lunchtime walks or fitness breaks.

Health and fitness awareness has created a cultural shift towards prioritizing physical well-being. Sneakers are integral to this lifestyle, serving as functional and fashionable footwear that supports individuals in their pursuit of a healthier and more active life. This awareness continues to be a driving force behind the sustained demand for sneakers in the global market.

Global Sneakers Market Scope

The sneakers market is segmented on the basis of product type, end-user, price point, category and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Low-Top Sneakers
  • Mid-Top Sneakers
  • High-Top Sneakers

End-User

  • Men
  • Women
  • Kids

Price Point

  • Luxury
  • Economic

Category

  • Private Label
  • Branded

Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Stores
  • Brand Outlets
  • E-commerce
  • Others

Sneakers Market Report points with potential

  1. Strategic recommendations in key business sections in light of the market estimations.
  2. To describe and forecast the  Sneakers Market, in terms of value, by process, product type, and industry.
  3. Market share and size of all the foremost industry players
  4. To understand the future outlook and prospects for Sneakers Market analysis and forecast
  5. The key findings and recommendations highlight crucial progressive industry trends in th , thereby allowing players to develop effective long term strategies

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