Sneakers Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$92,199.5

Forecast, 2030 (US$M)

$128,341.3

CAGR, 2024 - 2030

4.8%

Report Coverage

Worldwide

Global sneakers market, 2018-2030 (US$M)

Related Markets

North America Sneakers Market Outlook

U.S. Sneakers Market Outlook

Canada Sneakers Market Outlook

Mexico Sneakers Market Outlook

Europe Sneakers Market Outlook

Germany Sneakers Market Outlook

France Sneakers Market Outlook

UK Sneakers Market Outlook

Asia Pacific Sneakers Market Outlook

Japan Sneakers Market Outlook

China Sneakers Market Outlook

India Sneakers Market Outlook

Latin America Sneakers Market Outlook

Brazil Sneakers Market Outlook

MEA Sneakers Market Outlook

South Africa Sneakers Market Outlook

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.

Key Regions: U.S. , UK , Japan , Brazil , Canada