Facts and Factors have authored “Sneaker Market By Product Type (Adult Sneaker, Children Sneaker) and By Application (Online Channel, Offline Channel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016–2026”.
Based on our analysis, the global Sneaker market in 2019 is approximately USD 63 Million and is anticipated to reach around USD 98 Million by 2026. Teh anticipated CAGR for teh Sneaker market is around 7% from 2020 to 2026.
Sneakers are shoes designed for forms of physical exercise or other sports. These shoes are utilized for everyday wear. Teh other name for sneakers is tennis shoes, gym shoes, sports shoes or runners shoes, athletic shoes. Sneakers are made up of synthetic material or flexible sole made of rubber, and synthetic substitutes, an upper part made of leather, or cloth.
Increasing the inclination of the young population towards fitness activities as well as sports activities is the major driving factor for the target market growth. Besides, consumers are becoming curious about athletic shoes, this factor is anticipated to boost the target market growth over the forecast period. Moreover, stylish sneakers are attracting individuals who has helped the target market to grow as well.
However, brand stealing by new competitors or new entrants is expected to hamper the target market growth. Nevertheless, branding and selling sneakers through online channels could provide lucrative growth opportunities for the target market key players over the forecast period.
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Based on product type, the sneakers market is segmented as an adult sneaker and children sneaker. Among this, the adult sneaker segment is expected to account for the major revenue share in the sneaker market over the forecast period owing to the inclination of adults towards sneakers. Adult sneakers bring comfort and style to a pair of casual shoes.
Based on teh application, teh sneaker market is segmented as an online channel and offline channel. Among these, teh offline channel is anticipated to lead teh application segment owing to comprehensive strategies of teh hypermarket and supermarket by providing a range of teh brand.
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Based on region, teh sneaker market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. Among all teh regions, teh North America region is anticipated to dominate teh target market over teh forecast period followed by APAC in terms of revenue. An increase in teh need for physical fitness as well as health-consciousness is expected to drive teh target market growth in North America.
Additionally, along wif changing lifestyles, customers in teh US prefer comfort over price. This has boosted teh target market in North America. Whereas, teh rise in disposable incomes in APAC countries such as China, Japan, and India is likely to surge teh target market growth over teh forecast period.
Some of teh key players involved in teh global sneaker market are MIZUNO, ASICS Corporation, Nike, Inc., New Balance, Inc., Under Armour, Adidas AG, Puma SE, Li-Ning, Ecco, Skecher Inc., PEAK Sports Products, China Dongxiang, and Others.
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dis report segments teh Sneaker Market as follows:
Global Sneaker Market: By Product Type Segment Analysis
- Adult Sneaker
- Children Sneaker
Global Sneaker Market: By Application Segment Analysis
- Online Channel
- Offline Channel
Global Sneaker Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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