China Sneakers Market Size & Outlook, 2023-2030
The sneakers market in China is expected to reach a projected revenue of US$ 24,963.4 million by 2030. A compound annual growth rate of 4.5% is expected of China sneakers market from 2024 to 2030.
Revenue, 2023 (US$M)
$18,302.9
Forecast, 2030 (US$M)
$24,963.4
CAGR, 2024 - 2030
4.5%
Report Coverage
China
China sneakers market, 2018-2030 (US$M)
Related Markets
China sneakers market highlights
- The China sneakers market generated a revenue of USD 18,302.9 million in 2023 and is expected to reach USD 24,963.4 million by 2030.
- The China market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, low-top sneakers was the largest revenue generating product in 2023.
- Mid-Top Sneakers is the most lucrative product segment registering the fastest growth during the forecast period.
Sneakers market data book summary
| Market revenue in 2023 | USD 18,302.9 million |
| Market revenue in 2030 | USD 24,963.4 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Low-top sneakers |
| Fastest growing segment | Mid-Top Sneakers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low-Top Sneakers, Mid-Top Sneakers, High-Top Sneakers |
| Key market players worldwide | Nike Inc Class B, Adidas AG, ASICS Corp, Kering SA, Skechers USA Inc Class A, Under Armour Inc Class A, VF Corp, Puma SE, New Balance, Relaxo Footwears |
Other key industry trends
- In terms of revenue, China accounted for 19.9% of the global sneakers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sneakers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,665.9 million by 2030.
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Sneakers Market Scope
Sneakers market segmentation & scope
Sneakers Market Companies
| Name | Profile | # Employees | HQ | Website |
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China sneakers market size, by product, 2018-2030 (US$M)
China Sneakers Market Outlook Share, 2023 & 2030 (US$M)
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