Global Sneakers Market to Cross $ 85 Billion by 2024
Rising
awareness towards healthy lifestyle products coupled with increasing fashion
consciousness to drive global sneakers market through 2024
According to TechSci Research
report, “Global Sneakers
Market By Type, By Distribution Channel, By Region, Competition, Forecast
& Opportunities, 2024”, global sneakers market is projected to reach $ 85.76
billion by 2024, on the back of increasing participation of the young
population in sports and fitness activities and rising inclination towards branded
and high-fashion footwear. Moreover, increasing demand for innovative and
comfortable footwear is expected to have a positive impact on global sneakers
market during the forecast period. Some of the leading players in global
sneakers market are Nike, Adidas AG, ASICS Corporation, Puma and Under Armour.
Browse 125
market data figures spread through 146 Pages and an in-depth TOC on "Global
Sneakers Market"
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By distribution
channel, global sneakers market has been categorized into store-based retail
and non-store-based retail. The store-based retail accounted for majority share
in the global market for sneakers in 2018
and is expected to maintain its market dominance during forecast period. The
non-store-based retail is witnessing healthy growth, owing to growing
popularity of the e-commerce market. Asia-Pacific sneakers market is anticipated
to grow at the fastest rate during the forecast period. The demand for sneakers
in the Asia-Pacific region is being driven by the availability of cheap raw
material and cheap labor, in addition to heavy concentration of leading
footwear manufacturers in the region. Moreover, growing interest in athletic
sports, improved lifestyles and rising demand for innovative footwear are also
likely to aid the region’s sneakers market. Furthermore, growing demand for
comfortable and lightweight sneakers for jogging and running for both men and women
is expected to add impetus to the Asia-Pacific sneakers market.
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“With increasing demand for
innovative and comfortable footwear as well as growing e-commerce retail sector,
global sneakers market is anticipated to register growth in the coming years.
Moreover, sneakers have gained a huge traction among adults, as they are becoming
more and more conscious about fashion.”, said Mr. Karan Chechi Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Sneakers Market By Type, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the
future growth potential of global sneakers market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global sneakers market.About
TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
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