Press Release

Global Sneakers Market to Cross $ 88 Billion by 2024

Rising awareness towards healthy lifestyle products coupled with increasing fashion consciousness to drive global sneakers market through 2024


According to TechSci Research report, Global Sneakers Market By Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, global sneakers market is projected to reach $ 88.3 billion by 2024, on the back of increasing participation of the young population in sports and fitness activities and rising inclination towards branded and high-fashion footwear. Moreover, increasing demand for innovative and comfortable footwear is expected to have a positive impact on global sneakers market during the forecast period. Some of the leading players in global sneakers market are Nike, Adidas AG, ASICS Corporation, Puma and Under Armour.

By distribution channel, global sneakers market has been categorized into store-based retail and non-store-based retail. The store-based retail accounted for majority share in the global market for sneakers in 2018 and is expected to maintain its market dominance during forecast period. The non-store-based retail is witnessing healthy growth, owing to growing popularity of the e-commerce market. Asia-Pacific sneakers market is anticipated to grow at the fastest rate during the forecast period. The demand for sneakers in the Asia-Pacific region is being driven by the availability of cheap raw material and cheap labor, in addition to heavy concentration of leading footwear manufacturers in the region. Moreover, growing interest in athletic sports, improved lifestyles and rising demand for innovative footwear are also likely to aid the region’s sneakers market. Furthermore, growing demand for comfortable and lightweight sneakers for jogging and running for both men and women is expected to add impetus to the Asia-Pacific sneakers market.

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“With increasing demand for innovative and comfortable footwear as well as growing e-commerce retail sector, global sneakers market is anticipated to register growth in the coming years. Moreover, sneakers have gained a huge traction among adults, as they are becoming more and more conscious about fashion.”, said Mr. Karan Chechi Research Director with TechSci Research, a research based global management consulting firm.

“Global Sneakers Market By Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global sneakers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global sneakers market.

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