According to Cognitive Market Research, The Global Sneaker market size is USD 79.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

The demand for sneakers market is rising due to the increasing preference for fashionable, branded, and high-fashion sneakers across all age groups.
Demand for competition remains higher in the sneaker market.
The adult sneaker category held the highest sneaker market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific sneaker market will experience the strongest growth until 2030.

Rising Popularity of Athleisure Wear to Provide Viable Market Output

The sneaker market is being significantly driven by the global trend towards athleisure wear. Athleisure, a combination of athletic and leisure wear, has gained immense popularity, blurring the lines between gym attire and casual fashion. Sneakers, once confined to sports and fitness activities, have seamlessly integrated into everyday fashion. This shift is fueled by consumers seeking comfort, functionality, and style in their footwear.

In December 2021, Chloe SAS launched the Nama sneaker. This innovative footwear exemplifies the brand's commitment to minimizing its environmental footprint. By utilizing sustainable materials, such as recycled components, the sneaker is composed of 40% environmentally friendly materials by weight.

Sneakers not only provide the desired comfort for daily activities but also come in a myriad of designs, catering to various tastes and preferences. With celebrities and influencers endorsing athleisure fashion, sneakers have become a fashion statement, enhancing their appeal among youth and fashion-conscious consumers. This trend is expected to continue driving the sneaker market, with brands constantly innovating to offer trendy and comfortable options that cater to the growing demand for versatile and stylish footwear.

Technological Advancements and Innovation to Propel Market Growth

The continuous technological advancements and innovation in sneaker design and manufacturing. Sneaker brands are investing heavily in research and development to create high-performance sneakers using cutting-edge materials and technologies. Features such as breathable fabrics, lightweight materials, cushioned soles, and advanced grip technologies enhance the overall user experience, making sneakers suitable for various activities, including running, hiking, and even casual walks. Moreover, sustainable practices and eco-friendly materials are becoming prominent in sneaker production, appealing to environmentally conscious consumers. Sneaker companies are also focusing on smart footwear, integrating sensors and connectivity features, and transforming sneakers into wearable technology.

Rising E-commerce and Online Retail Channels Fuels the Market Growth

Market Dynamics Of the Sneaker

Counterfeit and Imitation Products to Hinder Market Growth

The sneaker market faces a significant challenge from counterfeit and imitation products. Counterfeit sneakers, mimicking popular and expensive brands, flood the market, especially in online platforms and unauthorized retail outlets. These imitation products not only infringe on intellectual property rights but also compromise on quality and safety standards. Consumers often unknowingly purchase these counterfeit sneakers, believing them to be genuine, resulting in dissatisfaction and trust issues with the original brands. The presence of counterfeit products also undermines the market for authentic sneakers, impacting the revenue and brand reputation of genuine manufacturers.

Impact of COVID–19 on the Sneaker Market

The COVID-19 pandemic significantly impacted the sneaker market in several ways. With lockdowns and social distancing measures in place, physical retail outlets faced closures, leading to a surge in online sneaker sales as consumers turned to e-commerce platforms for their shopping needs. The closure of manufacturing units and disruptions in the supply chain caused delays in sneaker production and distribution. Consumer spending patterns also shifted, with many prioritizing essential items over discretionary purchases like sneakers. Additionally, the cancellation of sports events and the closure of gyms reduced the demand for performance-oriented sneakers. However, there was a notable increase in the demand f...

This statistic shows the value of the sneakers market worldwide from 2014 to 2027. In 2022, the total global sneakers market revenue was valued at approximately 72.7 billion U.S. dollars and was forecast to reach a value of over 100 billion dollars by 2026.

Biggest players in athletic footwear

The largest brands in the global athletic footwear market are Nike, Adidas, and Puma. In 2021, Nike generated 28 billion U.S. dollars in footwear sales, which was more than Puma and Adidas combined. This was also true of the revenues across all product ranges for these companies, with Nike leading the ranking of the sales of the biggest athletic apparel, accessories and footwear companies worldwide in 2021.

Puma As already shown, Puma can often sit in the shadow of Nike and Adidas, which dominate the sneaker market. Puma was founded by Rudolf Bassler, brother of Adidas founder and rival, Adi Dassler, in Germany in 1948. Sneakers are an important part of Puma's business, in fact roughly 47 percent of Puma's net sales are attributable to the footwear segment.

As per newly released data by Future Market Insights (FMI), the Sneakers Market is estimated at USD 72,232 million in 2022 and is projected to reach USD 1, 39,876 million by 2032, at a CAGR of 6.8% from 2022 to 2032.

Scope of Report

In 2019, it was estimated that the sneaker resale market was valued at around 6 billion U.S. dollars globally. In comparison, sneaker resale in the United States was valued at 2 billion U.S. dollars that year.

The global sneaker market is anticipated to reach around USD 98 million by 2026. The anticipated CAGR for the sneaker market is around 7% from 2020 to 2026.

According to Cognitive Market Research, The Global Chunky Sneakers market size is USD 45.1 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.

The primary drivers of the market's expansion are the expanding demand for athletic footwear, growing sales made possible by e-commerce, and footwear firms' large advertising budgets.
Demand for road chunky sneakers remains higher in the chunky sneaker market.
The waterproof category held the highest chunky sneaker market revenue share in 2023.

Social Media Will Rise Demand of Chunky Sneaker Market

Though the majority of consumers, sneakerheads or not, will always favor chunky sneakers with a straightforward silhouette, millennials feel more pressure to stand out. Social media use has raised the importance of having a distinctive appearance and being one of a kind. Using social media is among the most common internet pastimes.

Globally, there were more than 4.59 billion social media users in 2022; by 2027, that figure is expected to rise to nearly six billion. The percentage of people using social media worldwide as of January 2023 was 59%.

Since manufacturers noticed that consumers were purchasing streetwear, we have seen an increase in the spectacle, chunkiness, and mismatched color of chunky sneakers. Customers who are more likely to buy this bulky, chunky sneaker want to make a statement, whether they realize it or not. Over the past year, chunky sneaker soles have become more popular, along with bolder hues and increased detailing. Take the Balenciaga Triple S, a chunky sneaker that attracted notice from sneakerheads and on social media right away since it had three sole portions stacked on top of one another.

Sustainable Footwear is New trend in Chunky Sneaker Market

Given the damaging consequences the fashion industry has on the environment, a sustainable option for trainers has long been overdue. Prominent athletic brands such as Adidas, Nike, and Puma have deliberately chosen to create chunky sneakers that are less harmful to the environment. There is less PVC in the vegan leather used to make this chunky sneaker. Demand for vegan chunky sneakers has increased as the number of vegans has increased.

In 2021, the vegan footwear market was projected to have a valuation of roughly 14.8 billion dollars. By 2027, this amount is expected to have more than doubled to reach over 30 billion USD.

Brands like Yeezy used algae that were cultivated locally to make their most recent Foam Runner collection. The brands have taken the first steps to lower their greenhouse gas emissions, and women everywhere are appreciative of this noble gesture.

Market Dynamics of the Chunky Sneaker

Rise in Cost of Raw Materials To Hinder Market Growth

A number of reasons have contributed to a notable increase in the cost of raw materials used in the production of high-end shoes. The increased demand for high-end chunky sneakers worldwide has led to heightened competition among shoemakers and an increase in the demand for raw materials. Further, because of the increased pressure on pricing brought on by the rising demand, it is now much harder for manufacturers to find these raw materials. The cost of raw materials is also rising dramatically due to currency exchange rates. If the country from which the raw materials are produced sees an increase in value relative to the currency utilized by shoemakers, the cost of these raw materials will rise. As a result, during the projected period, these factors are anticipated to impede market expansion.

Impact of COVID–19 on the Chunky Sneaker Market

The global chunky sneaker market has suffered as a result of the Covid-19 outbreak. The government shut down industrial units and enforced a rigorous lockdown in response to the COVID-19 outbreak. Amidst the lockdown and a decline in worldwide demand, sales plummeted to their lowest points throughout the pandemic. In terms of business, COVID-19 has had a significant detrimental effect. Large losses resulted from the epidemic since every retail location was closed. Major brands, including Adidas Inc. and Puma AG, reported sharp drops in sales in 2020 as a result of the COVID-19 pandemic. A few highly sought-after Jordans that were scheduled to release in March instead made their way to Nike.com, SNKRS, and other locations at a later time due to the COVID-19 pandemic's ef...

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Sneakers Market Size 2025-2029

The sneakers market size is forecast to increase by USD 34.06 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing trend towards premiumization and the introduction of more innovative sneaker designs. Consumers are willing to pay a premium for high-quality, stylish, and functional footwear, leading to increased demand for sneakers from both established and new brands. Another key trend in the market is the use of environment-friendly materials in sneaker manufacturing, as consumers become more conscious of their carbon footprint and demand sustainable products. However, the market is not without challenges. The volatile cost of raw materials, such as rubber and leather, poses a significant risk to manufacturers and retailers, as price fluctuations can impact profitability. To capitalize on market opportunities and navigate these challenges effectively, companies must stay abreast of consumer trends and demand, invest in research and development to create innovative and sustainable products, and maintain a flexible supply chain to mitigate the impact of raw material price fluctuations. Overall, the market presents significant growth potential for companies that can effectively address these trends and challenges.

What will be the Size of the Sneakers Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of footwear, including branded sneakers and high-fashion variants, catering to various consumer segments. Fueled by the intersection of fashion trends and fitness-related activities, the market's size and growth are significant. Sustainable materials and customized features are increasingly popular, with consumers seeking eco-friendly options and personalized designs. Counterfeit products pose a challenge to the market, with both counterfeit brands and genuine shoe brands impacted. Fitness facilities and online retail platforms serve as key distribution channels, while offline retail remains a significant presence. Mid-top and low-top sneakers dominate the landscape, with the former offering added support and the latter prioritizing style. Sneakers have expanded beyond athletic footwear, with luxury goods and fashion trends influencing their appeal. Consumer spending on sneakers continues to rise, driven by the versatility of these shoes, which are worn for various activities, from rock climbing to casual wear. Leather footwear, in particular, maintains a strong presence in the market. Overall, the market demonstrates a dynamic and evolving landscape, driven by consumer preferences and industry innovations.

How is this Sneakers Industry segmented?

The sneakers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductAdult sneakerChildren sneakerDistribution ChannelOfflineOnlineProduct TypeLow-top sneakersHigh-top sneakersMid-top sneakersGeographyAPACAustraliaChinaIndiaJapanNorth AmericaUSCanadaEuropeFranceGermanyUKSouth AmericaBrazilMiddle East and Africa

By Product Insights

The adult sneaker segment is estimated to witness significant growth during the forecast period.The global sneaker market for adult consumers is experiencing substantial growth due to various socio-economic factors. One of the primary drivers is the increasing disposable income among working professionals and Millennials, leading to a rise in demand for high-quality, fashionable sneakers. Brands are responding to this trend by introducing innovative designs, collaborations, and sustainable materials. For instance, Adidas released a special-edition adiZero RS15 Pro in partnership with a South African rugby player prior to the Rugby World Cup 2023. Additionally, there is a growing preference for customized features, fitness-related activities, and sustainable materials in sneakers. Mid-top and low-top sneakers, athletic footwear, and luxury goods are popular categories within this market. Counterfeit products remain a challenge, with consumers turning to genuine shoe brands for quality and authenticity. Fitness facilities, digital platforms, and offline retail outlets cater to the diverse needs of consumers. Product innovation, consumer spending, and the integration of smart technology, limited editions, and celebrity collaborations continue to shape the sneaker market landscape.

Get a glance at the market report of share of various segments Request Free Sample

The Adult sneaker segment was valued at USD 59.17 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio’s analysts have elaboratel

The size and share of the market is categorized based on Type (Sneakers Wrinkle removal service, Shoe Cleaning Service, Sneakers Deoxidation Service, Other) and Application (Sneaker Care Shop, Shoe Store, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Within the footwear market, revenue is forecast to increase in all segments. Particularly striking is the exceptionally strong increase of the revenue of boots towards the end of the forecast period. The value amounting to 187.2 billion U.S. dollars in 2024, and is estimated to reach 203.55 billion U.S. dollars by 2029. The Statista Market Insights cover a broad range of additional markets.

The size and share of the market is categorized based on Type (Leather, Nylon, Polyester, Others) and Application (Men Shoes, Women Shoes) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Comparing the 20 selected regions regarding the revenue in the 'Sneakers' segment of the footwear market, the United States is leading the ranking (22.3 billion U.S. dollars) and is followed by China with 15.8 billion U.S. dollars. At the other end of the spectrum is Egypt with 404.41 million U.S. dollars, indicating a difference of 21.9 billion U.S. dollars to the United States. Find more statistics on other topics: a comparison of the revenue in North America and a comparison of the revenue in Asia. The Statista Market Insights cover a broad range of additional markets.

As per newly released data by Future Market Insights (FMI), the Chunky Sneaker Market is estimated at US$ 44,254.3 Million in 2022 and is projected to reach US$ 68,725.6 Million by 2032, at a CAGR of 4.50% from 2022 to 2032.

Scope of Report

Global Sneakers market size 2025 was XX Million. Sneakers Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global Sneakers Market was valued at USD 88.91 Billion in 2024 and is expected to reach USD 135.42 Billion by 2030 with a CAGR of 7.32% during the forecast period.

Footwear Market size was valued at USD 373.84 Billion in 2024 and is projected to reach USD 484.72 Billion by 2031, growing at a CAGR of 3.30% during the forecasted period 2024 to 2031.

The Footwear market is driven by several factors including rising global population and increasing disposable incomes, which enhance consumer purchasing power for a variety of footwear options. The growing influence of fashion trends and celebrity endorsements, along with the proliferation of social media, significantly boosts demand for trendy and stylish footwear. Additionally, the increasing awareness about health and fitness fuels the demand for athletic and sports shoes. Technological advancements in footwear manufacturing, such as 3D printing and sustainable materials, also drive market growth by offering innovative and eco-friendly products. Furthermore, the expansion of e-commerce platforms provides consumers with convenient access to a wide range of footwear, while aggressive marketing strategies and frequent product launches by key players further stimulate market expansion.

The Global Footwear Market, Encompassing Shoes, Boots, Sandals, Sneakers, Slippers, Heels, Loafers, Flats, Moccasins, and Clogs, is Seeing A Surge in Demand for Stylish, Comfortable, and Sports-Centric Footwear. This is Driven by the Rise in Sports Participation and the Growing Trend for Environmentally Friendly Footwear. Key Exporters Include China and India, While Major Players Like Puma SE, Nike Inc. , Asics Corporation, Fila Group, and Adidas AG Dominate the Market With Innovative Strategies and Products.

Le dimensioni del mercato del mercato della piattaforma di trading di sneaker sono classificate in base al tipo (scarpe da basket, scarpe da calcio, scarpe da trekking all'aperto, altre) e applicazione (B2B, B2C, C2C, altri) e regioni geografiche (Nord America, Europa, Asia-Pacifico, Sud America e Medio Oriente e Africa).
segmenti definiti.

The global revenue in the footwear market was forecast to continuously increase between 2024 and 2029 by in total 60.8 billion U.S. dollars (+12.29 percent). After the eighth consecutive increasing year, the revenue is estimated to reach 555.32 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the footwear market in Mexico and the revenue in the footwear market in Czechia. The Statista Market Insights cover a broad range of additional markets.

The global lifestyle sneaker market is projected to grow from $74.27 billion in 2025 to $101.24 billion by 2033, exhibiting a CAGR of 5.48%. The market growth can be attributed to the increasing popularity of athleisure wear, growing consumer disposable income, and the rising trend of sneaker collecting. Key market drivers include product innovation, celebrity endorsements, and the proliferation of e-commerce platforms. The market is segmented based on product type, price range, distribution channel, target audience, and region. The running sneakers segment is expected to hold the largest market share due to the growing popularity of running as a fitness activity. The $100-$200 price range segment is projected to witness the fastest growth, as consumers are increasingly willing to spend more on high-quality sneakers. Online sales are expected to be the dominant distribution channel, owing to the convenience and wide product selection. The Asia Pacific region is anticipated to account for the largest market share, driven by the growing middle class and the increasing popularity of athleisure wear in the region. Recent developments include: In recent developments within the Lifestyle Sneaker Market, the sector is witnessing significant growth, with an expected valuation reaching USD 120 billion by 2032, marking a CAGR of 5.48% from 2024 onwards. The increasing consumer preference for casual and versatile footwear has intensified competition among leading brands. Major companies are ramping up innovation with eco-friendly materials and technologies, reflecting the growing demand for sustainable products. Key events such as collaborations between luxury fashion houses and sports brands are reshaping market dynamics, attracting diverse consumer demographics. Furthermore, the rise of e-commerce has made lifestyle sneakers more accessible, stimulating online sales and expanding market reach. Social media influencers and celebrity endorsements continue to play a critical role in brand positioning and consumer engagement. As the market evolves, firms are focusing on enhancing customer experiences, integrating augmented reality into retail environments, and employing data analytics for personalized marketing strategies. These trends indicate a dynamic market landscape, poised for expansion and innovation in the coming years.. Key drivers for this market are: Sustainable material innovation Collaborations with streetwear brands Expanding ecommerce channels Customizable sneaker designs Health-conscious lifestyle trends. Potential restraints include: Sustainable materials adoption Increased online sales Growing athleisure trend Collaborations with influencers Rising demand for customization.