Sneakers - India | Statista Market Forecast

In 2023, the Sneakers segment in India is forecasted to generate a revenue of US$2.63bn.
It is expected to grow annually by 6.18% (CAGR 2023-2028).
When compared globally, in the United States accounts for the highest revenue generation in the Sneakers segment, which is estimated to be US$22,270.00m in 2023.
In terms of per capita revenue, in India is expected to generate US$1.85 per person in 2023.
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 2.0% in 2024.
The average volume per person in the Sneakers segment is expected to be 0.04pairs in 2023.
Sneaker culture is rapidly growing in India, with consumers seeking out unique designs that blend traditional Indian elements with modern trends.

Definition:

The market for Sneakers refers to so-called “athleisure” footwear, i.e., everyday footwear with an athletic appearance where fashion aspects outweigh functional ones. The segments Sneakers and Athletic Footwear have seen an upsurge during the past years and have gained in importance in comparison to classic town footwear. Athletic Footwear that is specifically designed for sports purposes (e.g., soccer, tennis, basketball, etc.) is excluded and can be found in the corresponding Athletic Footwear segment.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (per pair), sustainable footwear share, and sales channels data. The online distribution channel refers to the purchase of physical goods from a digital marketplace. In other words, the purchase is conducted via the internet, be it on a desktop PC, tablet, or smartphone. The offline distribution channel covers all purchases in stationary stores, by telesales, or via mail order (e.g., print catalogs).

Key players in the market include companies such as Nike, Adidas, Puma, and Asics.