Sneakers - India

  • India
  • In 2024, the Sneakers segment in India is forecasted to generate a revenue of US$2.80bn.
  • It is expected to grow annually by 6.11% (CAGR 2024-2028).
  • When compared globally, in the United States accounts for the highest revenue generation in the Sneakers segment, which is estimated to be US$23,400.00m in 2024.
  • In terms of per capita revenue, in India is expected to generate US$1.95 per person in 2024.
  • Looking ahead, the volume of the Sneakers segment in India is expected to reach 65.97m pairs by 2028.
  • The segment is expected to exhibit a volume growth of 1.8% in 2025.
  • The average volume per person in the Sneakers segment is expected to be 0.04pairs in 2024.
  • Sneaker culture is rapidly growing in India, with consumers seeking out unique designs that blend traditional Indian elements with modern trends.

Key regions: Philippines, India, China, India, Europe

 
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Analyst Opinion

Since fashion trends have frequently carried over into the sneakers industry, they have now become a part of the everyday style of 40% of consumers, according to the Statista Global Consumer Survey. In terms of revenue value, the United States is in the lead, where sneakers have long been thought of as a culture. When it comes to revenue numbers, the Sneaker segment is led by two of its biggest players, Nike and Adidas.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Sales Channels
  • Analyst Opinion
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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