Sneakers Market Forecast & Opportunities 2024
Global sneakers market stood at $ 58 billion in 2018 and is projected to grow at a CAGR of over 7% during 2019-2024 to reach $ 88 billion by 2024, on account of increasing participation of the young population in sports and fitness activities and growing consumer inclination towards branded and high-fashion footwear. Sneakers are shoes primarily designed for sports or other forms of physical exercise. However, they are being used for everyday wear. Different sales channels and rising importance of internet retailing is adding impetus to global sneakers market. Globally, sales of sneakers are also being pushed by a sneakers identification with a specific athlete. Sneakers have been part of the American culture; however, they have successfully implanted their presence across the world. Sneakers are in huge demand among people, especially from the younger age group. In terms of type, global sneakers market has been categorized into adult sneakers and children sneakers. The adult...