Global Sneaker Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Global Sneaker Market Growth

Based on market analysis, private label brands are expected to dominate the market due to their unique public offerings and better quality than national brands. Over the forecast period, millennials and Gen Z are expected to lead the adoption of private label brands since they have a high purchasing power and prefer more customised product offerings, thereby fuelling the sneaker market expansion. In Q2 of FY 2024, private label brands recorded a year-on-year growth of 5.6% in terms of sales value, which was largely dominated by countries in Latin America (14.2%) and the Middle East and Africa (34.3%).

Major luxury sneaker brands like Chanel, Dior, and Louis Vitton are launching crossover sneakers which blend streetwear, luxury, and pop culture into a fashion symbol, thereby spurring the sneaker market development. Moreover, brands are increasingly expected to use Generative AI tools for developing new sneaker designs, thereby enhancing consumer demand.

Key players are exploring the use of materials such as graphene and e-textiles for manufacturing sneakers due to their exceptional strength, flexibility, and lightweight properties. In the forecast period, the development of smart sneakers equipped with sensors and connectivity technology to enhance the personalisation and functionality is expected to revolutionise the market.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Global Sneaker Market Trends

Growing demand for second-hand items in China

Xianyu, China’s largest digital platform for the sale of second-hand items, reported 6.59 million metric tons of carbon emissions reduction between 2023-24 due to the rising sale of second-hand items. By 2030, the company aims to serve over 1 billion Chinese customers to save over 55 million tons of carbon emissions. Over the forecast period, the sneakers market value is expected to increase substantially, due to the rising preference for sustainable items among consumers and the sustained growth of the fast-fashion industry.

Shift towards ‘athleisure footwear’

As more consumers prioritise functionality and comfort in their daily wear, sneakers have transitioned to everyday fashion staples from athletic gear. Athleisure combines casual fashion and sportswear, thereby making sneakers versatile for both casual outings and workouts. The growing appeal for active lifestyles and remote work has further fuelled the rate of sneaker market development, with people opting for comfortable yet stylish sneakers that can be worn all day. Based on consumer analysis, brands are also developing innovative sneaker designs that blend comfort, style, and performance, style to tap into the market potential of athleisure.

Global Sneaker Industry Segmentation

Global Sneaker Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the demand for sneakers in the Asia Pacific and Latin America is expected to grow at a CAGR of 6.1% and 5.6%, respectively. The growth of the sneaker market in these regions can be attributed to the development of the fast fashion industry and the rapidly growing population size.

Based on product type, the market is segmented into low-top, high-top, and mid-top sneakers. Over the forecast period of 2025-2034, the demand for low-top sneakers is expected to grow at a CAGR of 5.9%, since they are a flexible and stylish solution for different outfits and ensure better air circulation in warm weather conditions.

Leading Companies in the Global Sneaker Market

Major players are shifting towards the usage of recycled materials to make durable sneakers, which is expected to increase the sneaker market revenue. By establishing collaborations with designers and celebrities to produce limited-edition collections, companies are also attempting to boost their brand appeal. Moreover, with the incorporation of advanced technologies in footwear and the expansion of the existing D2C network, sneaker companies are strategising new ways to enhance their market share.

Adidas AG

Adidas AG was founded in 1949 and is headquartered in Bavaria, Germany. It specialises in producing premium fashion accessories, footwear, and sports gear.

ASICS Corporation

ASICS Corporation was founded in 1949 and is headquartered in Hyogo, Japan. It is engaged in designi...

Columbia Sportswear Company

Columbia Sportswear Company was founded in 1938 and is headquartered in Oregon, United States. It is...

Reebok International Limited

Reebok International Limited was founded in 1895 and is headquartered in Massachusetts, United State...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the sneaker market report are Nike Inc., Puma SE, Under Armour Inc., Benetton Group S.r.l., Kering SA, and Skechers U.S.A. Inc., among others.