Dublin, Aug. 06, 2024 (GLOBE NEWSWIRE) — The “Sneakers – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Sneakers is estimated at US$80.1 Billion in 2023 and is projected to reach US$101.7 Billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Several factors drive the growth of the sneaker market. Technological advancements in material science, such as the development of ethylene-vinyl acetate (EVA), thermoplastic polyurethane (TPU), and advanced mesh fabrics, have enhanced sneakers` durability, comfort, and performance. Customization and personalization trends, facilitated by online platforms and in-store technologies, allow consumers to tailor sneakers to their preferences, appealing to the desire for individuality.
The integration of smart technology into sneakers, including embedded sensors that track performance metrics, caters to health-conscious consumers. Sustainability initiatives, such as using recycled materials and eco-friendly production methods, attract environmentally conscious buyers. The influence of sneaker culture, amplified by social media and celebrity endorsements, fosters a global community of enthusiasts and collectors.
Versatile design innovations have broadened sneakers` appeal, making them suitable for casual and formal settings. Increased participation in casual sports and fitness activities drives demand for multifunctional sneakers, while economic accessibility ensures high-quality options are available across various price points, supporting widespread adoption.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Sneakers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sneakers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Low-Top Sneakers segment, which is expected to reach US$77.3 Billion by 2030 with a CAGR of a 3.2%. The High-Top Sneakers segment is also set to grow at 3.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $21.8 Billion in 2023, and China, forecasted to grow at an impressive 6.6% CAGR to reach $21.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adidas AG, Aldo Group Inc., ASICS America Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 381 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $80.1 Billion |
| Forecasted Market Value (USD) by 2030 | $101.7 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Sneakers – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Fast Fashion Influences Buying Multiple Sneaker Collections
- Rise of Athleisure Expands Addressable Market Opportunity
- Environmental Pressures Encourage Adoption of Sustainable Manufacturing Practices
- Technological Innovations in Sneaker Design Bodes Well for Market Growth
- Increased Participation in Sports and Fitness Sustains Growth
- Celebrity Collaborations Accelerates Demand for Branded Sneakers
- E-commerce Growth Here is the Story: Impact on Sneakers Market
- The Role of Social Media in Driving the Sneaker Culture
- High Disposable Income Generates Demand for Premium Sneakers
- Smart Sneakers Infuse New Vigor Into Market Growth
- Impact of 3D Printing on Sneaker Manufacturing Process
- Health Benefits Drive Sneaker Adoption Especially Among Women
FOCUS ON SELECT PLAYERS (Total 45 Featured)
- Adidas AG
- Aldo Group Inc.
- ASICS America Corporation
- Columbia Sportswear Co.
- ECCO Sko A/S
- GT Portugal
- Mescot Footwear Co., Ltd.
- New Balance Athletics, Inc.
- Nike Inc.
- Personalized Kicks, Inc. d/b/a/ Garrixon
- Puma SE
- Relaxo Footwears Ltd.
- Skechers USA, Inc.
- Under Armour Inc.
- VF Corporation
For more information about this report visit https://www.researchandmarkets.com/r/amzp39
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