South Africa Sneakers Market Size & Outlook, 2023-2030
The sneakers market in South Africa is expected to reach a projected revenue of US$ 788.6 million by 2030. A compound annual growth rate of 3.3% is expected of South Africa sneakers market from 2024 to 2030.
Revenue, 2023 (US$M)
$627.2
Forecast, 2030 (US$M)
$788.6
CAGR, 2024 - 2030
3.3%
Report Coverage
South Africa
South Africa sneakers market, 2018-2030 (US$M)
Related Markets
South Africa sneakers market highlights
- The South Africa sneakers market generated a revenue of USD 627.2 million in 2023 and is expected to reach USD 788.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.3% 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 627.2 million |
| Market revenue in 2030 | USD 788.6 million |
| Growth rate | 3.3% (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, South Africa accounted for 0.7% 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 Middle East & Africa, South Africa sneakers market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 788.6 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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South Africa sneakers market size, by product, 2018-2030 (US$M)
South Africa Sneakers Market Outlook Share, 2023 & 2030 (US$M)
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