Global Sneakers Market Size & Outlook, 2023-2030
Global sneakers market, 2018-2030 (US$M)
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Global sneakers market highlights
- The global sneakers market generated a revenue of USD 92,199.5 million in 2023 and is expected to reach USD 128,341.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.8% by 2030.
- In terms of segment, low-top sneakers accounted for a revenue of USD 71,006.0 million in 2023.
- Mid-Top Sneakers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 92,199.5 million |
| Market revenue in 2030 | USD 128,341.3 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Low-top sneakers |
| Fastest growing segment | Mid-Top Sneakers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low-Top Sneakers, Mid-Top Sneakers, High-Top Sneakers |
Other key industry trends
- In terms of revenue, the North America accounted for 32.2% of the global sneakers market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 788.6 million by 2030.
Low-top sneakers was the largest segment with a revenue share of 77.01% in 2023. Horizon Databook has segmented the Global sneakers market based on low-top sneakers, mid-top sneakers, high-top sneakers covering the revenue growth of each sub-segment from 2018 to 2030.
E-commerce retail channels play a significant role in the distribution of sneakers across the globe. as a considerable amount of the market revenue is generated through these channels. Online sales channels make it easy for consumers to browse through sneakers in various styles and designs in one place without having to visit different retail stores.
E-commerce retail sales are expected to witness substantial gains in the coming years on account of rising consumer spending, growing population, and increasing access to the internet. In addition, the introduction of mobile shopping apps and the availability of safe and convenient payment gateways are contributing to the growth of the online retail industry.
Sales through social media apps such as Facebook and Instagram have also been notable in recent years. Moreover, many consumers buy sneakers online and then pick them up at a retail location or other collection point. This is an extremely convenient shopping option and has been gaining popularity across the globe.
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Sneakers Market Scope
Sneakers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Relaxo Footwears | View profile | 1001-5000 | Delhi, Delhi, India, Asia | https://www.relaxofootwear.com/ |
| New Balance | View profile | 5001-10000 | Brighton, East Sussex, United Kingdom, Europe | https://www.newbalance.co.uk |
| ASICS Corp | View profile | 10406 | 1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, Japan, 650-8555 | http://www.asics.co.jp |
| Puma SE | View profile | 21164 | Puma Way 1, Herzogenaurach, BY, Germany, 91074 | https://www.puma.com |
| Adidas AG | View profile | 59030 | Adi-Dassler-Strasse 1, Herzogenaurach, BY, Germany, 91074 | https://www.adidas-group.com |
| Skechers USA Inc Class A | View profile | 17900 | 228 Manhattan Beach Boulevard, Manhattan Beach, CA, United States, 90266 | https://www.skechers.com |
| Nike Inc Class B | View profile | 83700 | One Bowerman Drive, Beaverton, OR, United States, 97005-6453 | https://www.nike.com |
| Kering SA | View profile | 49000 | 40 Rue de Sevres, Paris, France, 75007 | https://www.kering.com |
| VF Corp | View profile | 33000 | 1551 Wewatta Street, Denver, CO, United States, 80202 | https://www.vfc.com |
| Under Armour Inc Class A | View profile | 14800 | 1020 Hull Street, Baltimore, MD, United States, 21230 | https://www.underarmour.com |
Global sneakers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sneakers market size, 2023 (US$M)
Global sneakers market share, by product, 2023 & 2030 (%, US$M)
Sneakers market: Opportunity assessment by country
Global sneakers market, by region, 2023 (US$M)
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