Middle East & Africa Sneakers Market Size & Outlook
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MEA sneakers market highlights
- The MEA sneakers market generated a revenue of USD 2,866.5 million in 2023.
- The market is expected to grow at a CAGR of 2.9% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,866.5 million |
| Market revenue in 2030 | USD 3,490.9 million |
| Growth rate | 2.9% (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 |
| 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, MEA region accounted for 3.1% of the global sneakers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 42,532.3 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 |
MEA sneakers market size, by country, 2018-2030 (US$M)
Middle East & Africa Sneakers Market Outlook Share, 2023 & 2030 (US$M)
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