Sneakers - Worldwide | Statista Market Forecast

In 2023, the revenue generated in the Sneakers segment worldwide is an impressive US$75.77bn.
It is projected that this market will experience an annual growth of 5.31% (CAGR 2023-2028).
Comparing the revenue generated by different countries, United States dominates the market by generating the most revenue in the Sneakers segment, which is estimated to reach US$22,270.00m in 2023.
To put this into perspective, the revenue generated per person in 2023 is expected to be US$9.86.
Looking ahead, the volume of the Sneakers segment is predicted to reach 1.34bn pairs by 2028.
Additionally, there is an expected volume growth of 2.7% in 2024 alone.
The average volume per person in the Sneakers segment is predicted to be 0.15pairs in 2023.
These figures clearly demonstrate the potential for growth in the Sneakers segment worldwide.
Sneaker culture in the United States continues to thrive with high demand for limited edition releases and collaborations.

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.