This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies
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Introduction
Sneakers are types of shoes that are worn primarily for sports or for activities that demand physical exercise. These shoes have different names in different regions. Trainers, runners, joggers, sneaks, and canvas shoes are common terms used by people. While these models were created specifically for sports, they are now used by men, women, and children every day. The younger generation associates a sneaker with style and casualness and hence prefers it for schools and colleges. The general description of a sneaker is a model of shoe with a flexible sole and a synthetic, fabric or leather upper material.
This report aims to analyze the present global sneaker market and will forecast its growth in the coming years. The forecasted period in this report is from 2018 to 2023. The years between 2013 and 2018 are considered historical periods and the revenue, market growth, and the demand and supply of sneakers in this period are also mentioned clearly in the report. With the disposable income increasing and fashionable products becoming a basic need for many, the scope for growth of this industry is quite good. The comfort offered by these shoes is also a reason for the market’s booming growth. This report analyzes the market on a global, regional and an individual player level.
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Key Players
Study of the global sneaker market also includes analysis of participants operating in the value chain. It offers an overview on the competitive landscape of the market. This section of the repost covered key developments in the industry, and profiling of key market players along with their recent industry activity and product innovation.
Adidas
Nike
New Balance
Under Armour
ASICS
MIZUNO
Puma
Lining
Ecco
Kswiss
Skecher
ANTA
PEAK
Guirenniao
China Dongxiang
Xtep
Market Segmentation
There are two basic types of sneakers that people buy globally. Adult sneakers are for men and women while kid sneakers are for boys and girls. The individual demand for these two types of sneakers and their growth potential are both studied and the consensus is drawn by the report.
Regional Analysis
Countries and regions like the USA, Europe, China, Japan, India, South America, and Southeast Asia are few areas that are analyzed in the report. The export and import of sneakers in these regions along with the sales channels, the distribution channels, the risks of entering the market and the growth rate are discussed. Sneakers have been part of the American style statement and hence USA will be a large market to consider in the future.
Industry News
In April 2019, Adidas released its plans for the future with the brand new Adidas Futurecraft Loop, which is a sneaker made from recyclable materials and that which can be taken apart and reused in creating other different products. This sustainable idea of Adidas is getting a lot of positive leverage.
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