Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 92.43 Billion | USD 153.45 Billion | 5.20% | 2024 |
FrequentlyAsked Questions
Sneakers are casual, comfortable footwear for sports, exercise, or everyday wear. They typically feature a flexible rubber sole, cushioned insole, and a lightweight, breathable upper made from materials like mesh, leather, or synthetic fabrics.
The sneaker market is expected to be driven by the continued rise of athleisure fashion, technological innovations in materials and manufacturing, growing sneaker culture in emerging markets, integrating digital elements into physical products, and increasing consumer demand for sustainable and ethical production methods.
According to our study, the global sneaker market was worth around USD 92.43 billion in 2024 and is predicted to grow to around USD 153.45 billion by 2034.
The CAGR value of the sneaker market is expected to be around 5.20% during 2025-2034.
The global sneaker market will register the highest growth in North America during the forecast period, with Asia Pacific showing the fastest growth rate.
Key players in the sneaker market include Nike, Inc., Adidas AG, Puma SE, New Balance Athletics, Inc., ASICS Corporation, Under Armour, Inc., Converse Inc., Vans, Skechers USA, Inc., Reebok International Ltd., Jordan Brand, Fila Holdings Corp., Li-Ning Company Limited, On Running, Brooks Sports, Inc., HOKA, Allbirds, Inc., Veja, Stadium Goods, and StockX.
The report comprehensively analyzes the sneaker market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, and the evolving consumer preferences shaping the sneaker ecosystem.
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