Global Sneakers Market - Growth Analysis and Forecast Till 2024

25/mag/2019 11:53:26 Sandhya Nair Contatta l'autore

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Bharat Book Bureau Provides the Trending Market Research Report on “Global Sneakers Market By Type (Adult Sneakers & Children Sneakers), By Distribution Channel (Store-based Retail & Non-Store-based Retail), By Region, Competition, Forecast & Opportunities, 2024” under Retail category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Global Sneakers Market stood at $ 58 billion in 2018 and is projected to grow at a CAGR of over 7% during 2019-2024 to reach $ 88 billion by 2024, on account of increasing participation of the young population in sports and fitness activities and growing consumer inclination towards branded and high-fashion footwear. Sneakers are shoes primarily designed for sports or other forms of physical exercise. However, they are being used for everyday wear.

Different sales channels and rising importance of internet retailing is adding impetus to global sneakers market. Globally, sales of sneakers are also being pushed by a sneaker's identification with a specific athlete. Sneakers have been part of the American culture; however, they have successfully implanted their presence across the world. Sneakers are in huge demand among people, especially from the younger age group.

In terms of type, global sneakers market has been categorized into adult sneakers and children sneakers. The adult sneakers segment dominated the market in 2018 and is expected to maintain its market dominance in the coming years as well, on account of growing fashion consciousness among adults.

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Moreover, increasing participation of the young population in sports and fitness activities is anticipated to further aid the adult sneakers segment, globally.

North America accounted for the largest share in global sneakers market in 2018, owing to growing health-consciousness and need for physical fitness. Among the North American countries, the sneakers market was the largest in the US. With changing lifestyle, consumers in the US prefer comfort over price, as a result, demand for sneakers is increasing across the country. Additionally, easy availability of innovative and customized sneakers is boosting the region’s sneakers market. Various new companies in the North American sneakers market have gained importance in the last few years. Skechers USA, for instance, became the second largest athletic footwear company in 2014. The low price of Skechers’ products has been the key factor for the company’s growth in the US market.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global sneakers market size.

• To classify and forecast global sneakers market based on type, distribution channel and regional distribution.

• To identify drivers and challenges for global sneakers market.

• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global sneakers market.

• To conduct the pricing analysis for global sneakers market.

• To identify and analyze the profile of leading players operating in global sneakers market.

Some of the leading players in global sneakers market are Adidas AG, Nike Inc., New Balance Athletics Inc., ASICS, PUMA SE, Under Armour Inc. and China DongXiang.

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