By 2025, online price inflation of footwear might go back to 2019 levels in North America. Online prices of footwear reached a six-year peak in 2022, when the year-over-year change in price per unit went up by 7.76 percent.
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Graph and download economic data for Consumer Price Index for All Urban Consumers: Footwear in U.S. City Average (CUUR0000SEAE) from Jan 1947 to Apr 2025 about footwear, urban, consumer, CPI, inflation, price index, indexes, price, and USA.
The index for the price of footwear as an average across U.S. cities stood at approximately 144.85 in 2023, the highest index across the displayed time period. It was slightly higher than the previous year and a leap of 6.7 points compared to 2021.
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Graph and download economic data for Producer Price Index by Industry: Shoe Retailers: Shoe Retailer Services, IN-Store Retailing (PCU4482104482101) from Dec 2000 to Apr 2025 about footwear, services, PPI, industry, inflation, price index, indexes, price, and USA.
In the year ended May 2024, Nike's global revenue amounted to about 51.36 billion U.S. dollars, which is only a very slight increase compared to the previous financial year. In comparison, between fiscal 2022 and 2023, the company's overall revenue increased by roughly 10 percent. Founded in January 1964, Nike has become the world's leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment. As of 2024, the company employed over 79 thousand people worldwide. Nike's sponsorships The company sponsors many high-profile professional athletes, such as Cristiano Ronaldo, Rafael Nadal, Lebron James, Naomi Osaka, and Rory Mcllroy to use their products and promote and advertise their technology and design. On top of that, Nike also manufactures and provides kits (uniforms) for a wide range of sports teams like Barcelona and Chelsea. Popularity of Nike in Europe While Nike is an American enterprise, its products are ubiquitous. A Statista survey conducted in Europe showed the overwhelming majority (approximately 94 percent) of online sports and outdoor goods shoppers in the United Kingdom and Germany recognized the Nike brand, at least by name. Furthermore, over 60 percent of these UK and German respondents stated they liked the brand. The fiscal year end of the company is May 31st
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Adidas and Puma are expected to raise U.S. prices for sportswear, following Nike, due to increasing tariff pressures.
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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...
US Athletic Footwear Market Size 2025-2029
The US athletic footwear market size is forecast to increase by USD 8.51 billion at a CAGR of 5.4% between 2024 and 2029.
The Athletic Footwear Market in the US is experiencing significant growth, driven by the increasing popularity of sports and fitness activities among consumers. This trend is fueled by a growing awareness of health and wellness, as well as a cultural shift towards active lifestyles. Another key driver is the increasing availability of customized athletic footwear, which caters to the unique needs of individual consumers. However, this market is not without challenges. Increasing competition among players is intensifying, as established brands face competition from new entrants and e-commerce platforms.
To capitalize on market opportunities and navigate challenges effectively, companies must focus on innovation, differentiation, and effective marketing strategies. By staying abreast of consumer trends and preferences, and investing in research and development, players can position themselves for long-term success in this dynamic market.
What will be the size of the US Athletic Footwear Market during the forecast period?
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The athletic footwear market in the US is experiencing growth, driven by rising fitness awareness and the increasing popularity of sports and activities that require specialized footwear. Consumers seek out sports shoes for running, fitness training, trekking, and golf, prioritizing features such as durability, weight, comfort, and support. Brands are responding with innovative technologies, sustainable and eco-friendly materials, and improved cushioning and traction. The market is competitive, with brands investing in customer experience, advertising, and distribution channels to reach consumers.
Consumers also turn to online resources for guidance, comparing shoes based on price, reviews, and fit. Sports events and celebrity endorsements continue to influence trends in athletic footwear design and style. Overall, the market is expected to maintain its momentum, driven by the ongoing demand for high-performance, comfortable, and stylish athletic shoes.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Distribution Channel
Offline
Online
End-user
Men
Women
Children
Type
Running and jogging
Sports shoes
Aerobic and gym shoes
Hiking and backpacking shoes
Geography
US
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
The US athletic footwear market caters to the needs of fitness-conscious consumers, offering a diverse range of products for various sports and activities. The market includes running shoes, hiking shoes, soccer shoes, and sports lifestyle footwear. Consumers prioritize comfort features, such as foam technology and breathable mesh uppers, for enhanced performance and running efficiency. Athletic footwear products also cater to those with chronic ailments, like hip pain, back pain, leg injuries, and knee pain. Sustainability is a growing concern, with some brands incorporating eco-friendly materials and reducing the use of chemical additives. The offline distribution channel, consisting of hypermarkets, supermarkets, specialty stores, and department stores, is popular among consumers due to its wide range of products and personalized customer service.
Online retail e-commerce platforms offer convenience and competitive pricing, attracting a significant number of consumers. Brands like Brooks, Puma, and Nike cater to various segments, including advanced running shoes, gym-goers, track running, and trail running. The market is expected to grow due to increasing fitness awareness, participation in sports activities, and the popularity of athletic footwear as casual wear.
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The Offline segment was valued at USD 13737.10 million in 2019 and showed a gradual increase during the forecast period.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in adoption of US Athletic Footwear Market?
Popularity of sports and fitness activities is the key driver of the market.
The athletic footwear market in the US is driven by the increasing prioritization of health and fitness. With a high prevalence of obesity and lifestyle diseases, there is a growing awareness of the importance of regu
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As per newly released data by Future Market Insights (FMI), the Baby Shoes Market is estimated at USD 37,013 million in 2022 and is projected to reach USD 82,920 million by 2032, at a CAGR of ~8.4% from 2022 to 2032.
Attribute | Details |
---|---|
Estimated Baby Shoe Market Size 2022 | US$ 37,013 Million |
Projected Baby Shoes Market (2032) Market Size | US$ 82,920 Million |
Value CAGR (2022 to 2032) | 8.4% |
Scope of Report
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania & Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, the UK, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
Key Segments Covered | Material, Consumer Orientation, Closure Type, Sales Channel, and Region. |
Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
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By 2025, online price inflation of footwear might go back to 2019 levels in North America. Online prices of footwear reached a six-year peak in 2022, when the year-over-year change in price per unit went up by 7.76 percent.