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Transcript of Global Sneakers Market Size, Share, Growth & Forecast | TechSci Research
GLOBAL SNEAKERS MARKET Competition, Forecast & Opportunities
2014 – 2024
Published: May 2019
M A R K E T I N T E L L I G E N C E . C O N S U L T I N G
www.techsciresearch.com
2© TechSci Research
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice Of Customer/Customer Insights
4.1. Brand Recall (Unaided and Aided)
4.2. Factors Influencing Purchase Decision
4.3. Preferred Point of Purchase
4.4. Sources of Information
4.5. Influence of Social Media on Purchase Decision
4.6. Willingness to Spend
4.7. Challenges/Issues Faced Post Purchase
5. Global Sneakers Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Adult Sneakers and Children Sneakers)
5.2.2. By Distribution Channel (Store-based Retail and Non-Store-based Retail)
5.2.3.By Region (Asia-Pacific, Europe, North America, South America and Middle East &
Africa)
5.2.4. By Company (2018)
5.3. Market Attractiveness Index
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Table of Contents
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6. North America Sneakers Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Distribution Channel
6.2.3. By Country
6.2.3.1. United States Sneakers Market Outlook
6.2.3.1.1. Market Size & Forecast
6.2.3.1.1.1. By Value
6.2.3.1.2. Market Share & Forecast
6.2.3.1.2.1. By Type
6.2.3.1.2.2. By Distribution Channel
6.2.3.1.3. Pricing Analysis
6.2.3.2. Canada Sneakers Market Outlook
6.2.3.2.1. Market Size & Forecast
6.2.3.2.1.1. By Value
6.2.3.2.2. Market Share & Forecast
6.2.3.2.2.1. By Type
6.2.3.2.2.2. By Distribution Channel
6.2.3.2.3. Pricing Analysis
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6.2.3.3. Mexico Sneakers Market Outlook
6.2.3.3.1. Market Size & Forecast
6.2.3.3.1.1. By Value
6.2.3.3.2. Market Share & Forecast
6.2.3.3.2.1. By Type
6.2.3.3.2.2. By Distribution Channel
6.2.3.3.3. Pricing Analysis
7. Europe Sneakers Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Distribution Channel
7.2.3. By Country
7.2.3.1. Germany Sneakers Market Outlook
7.2.3.1.1. Market Size & Forecast
7.2.3.1.1.1. By Value
7.2.3.1.2. Market Share & Forecast
7.2.3.1.2.1. By Type
7.2.3.1.2.2. By Distribution Channel
7.2.3.1.3. Pricing Analysis
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7.2.3.2. United Kingdom Sneakers Market Outlook
7.2.3.2.1. Market Size & Forecast
7.2.3.2.1.1. By Value
7.2.3.2.2. Market Share & Forecast
7.2.3.2.2.1. By Type
7.2.3.2.2.2. By Distribution Channel
7.2.3.2.3. Pricing Analysis
7.2.3.3. France Sneakers Market Outlook
7.2.3.3.1. Market Size & Forecast
7.2.3.3.1.1. By Value
7.2.3.3.2. Market Share & Forecast
7.2.3.3.2.1. By Type
7.2.3.3.2.2. By Distribution Channel
7.2.3.3.3. Pricing Analysis
7.2.3.4. Italy Sneakers Market Outlook
7.2.3.4.1. Market Size & Forecast
7.2.3.4.1.1. By Value
7.2.3.4.2. Market Share & Forecast
7.2.3.4.2.1. By Type
7.2.3.4.2.2. By Distribution Channel
7.2.3.4.3. Pricing Analysis
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7.2.3.5. Netherlands Sneakers Market Outlook
7.2.3.5.1. Market Size & Forecast
7.2.3.5.1.1. By Value
7.2.3.5.2. Market Share & Forecast
7.2.3.5.2.1. By Type
7.2.3.5.2.2. By Distribution Channel
7.2.3.5.3. Pricing Analysis
8. Asia-Pacific Sneakers Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Distribution Channel
8.2.3. By Country
8.2.3.1. China Sneakers Market Outlook
8.2.3.1.1. Market Size & Forecast
8.2.3.1.1.1. By Value
8.2.3.1.2. Market Share & Forecast
8.2.3.1.2.1. By Type
8.2.3.1.2.2. By Distribution Channel
8.2.3.1.3. Pricing Analysis
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8.2.3.2. Japan Sneakers Market Outlook
8.2.3.2.1. Market Size & Forecast
8.2.3.2.1.1. By Value
8.2.3.2.2. Market Share & Forecast
8.2.3.2.2.1. By Type
8.2.3.2.2.2. By Distribution Channel
8.2.3.2.3. Pricing Analysis
8.2.3.3. India Sneakers Market Outlook
8.2.3.3.1. Market Size & Forecast
8.2.3.3.1.1. By Value
8.2.3.3.2. Market Share & Forecast
8.2.3.3.2.1. By Type
8.2.3.3.2.2. By Distribution Channel
8.2.3.3.3. Pricing Analysis
8.2.3.4. Australia Sneakers Market Outlook
8.2.3.4.1. Market Size & Forecast
8.2.3.4.1.1. By Value
8.2.3.4.2. Market Share & Forecast
8.2.3.4.2.1. By Type
8.2.3.4.2.2. By Distribution Channel
8.2.3.4.3. Pricing Analysis
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8.2.3.5. Thailand Sneakers Market Outlook
8.2.3.5.1. Market Size & Forecast
8.2.3.5.1.1. By Value
8.2.3.5.2. Market Share & Forecast
8.2.3.5.2.1. By Type
8.2.3.5.2.2. By Distribution Channel
8.2.3.5.3. Pricing Analysis
9. South America Sneakers Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Distribution Channel
9.2.3. By Country
9.2.3.1. Brazil Sneakers Market Outlook
9.2.3.4.1. Market Size & Forecast
9.2.3.4.1.1. By Value
9.2.3.4.2. Market Share & Forecast
9.2.3.4.2.1. By Type
9.2.3.4.2.2. By Distribution Channel
9.2.3.4.3. Pricing Analysis
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9.2.3.2. Argentina Sneakers Market Outlook
9.2.3.2.1. Market Size & Forecast
9.2.3.2.1.1. By Value
9.2.3.2.2. Market Share & Forecast
9.2.3.2.2.1. By Type
9.2.3.2.2.2. By Distribution Channel
9.2.3.2.3. Pricing Analysis
9.2.3.3. Colombia Sneakers Market Outlook
9.2.3.3.1. Market Size & Forecast
9.2.3.3.1.1. By Value
9.2.3.3.2. Market Share & Forecast
9.2.3.3.2.1. By Type
9.2.3.3.2.2. By Distribution Channel
9.2.3.3.3. Pricing Analysis
10. Middle East & Africa Sneakers Market Outlook
10.1 Market Size & Forecast
10.1.1. By Value
10.2 Market Share & Forecast
10.2.1. By Type
10.2.2. By Distribution Channel
10.2.3. By Country
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10.2.3.1. South Africa Sneakers Market Outlook
10.2.3.1.1. Market Size & Forecast
10.2.3.1.1.1. By Value
10.2.3.1.2. Market Share & Forecast
10.2.3.1.2.1. By Type
10.2.3.1.2.2. By Distribution Channel
10.2.3.1.3. Pricing Analysis
10.2.3.2. Saudi Arabia Sneakers Market Outlook
10.2.3.2.1. Market Size & Forecast
10.2.3.2.1.1. By Value
10.2.3.2.2. Market Share & Forecast
10.2.3.2.2.1. By Type
10.2.3.2.2.2. By Distribution Channel
10.2.3.2.3. Pricing Analysis
10.2.3.3. UAE Sneakers Market Outlook
10.2.3.3.1. Market Size & Forecast
10.2.3.3.1.1. By Value
10.2.3.3.2. Market Share & Forecast
10.2.3.3.2.1. By Type
10.2.3.3.2.2. By Distribution Channel
10.2.3.3.3. Pricing Analysis
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10.2.3.4. Qatar Sneakers Market Outlook
10.2.3.4.1. Market Size & Forecast
10.2.3.4.1.1. By Value
10.2.3.4.2. Market Share & Forecast
10.2.3.4.2.1. By Type
10.2.3.4.2.2. By Distribution Channel
10.2.3.4.3. Pricing Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Company Profiles
13.1.1. Nike, Inc.
13.1.2. Adidas AG
13.1.3. ASICS Corporation
13.1.4. Puma SE
13.1.5. Under Armour, Inc.
13.1.6. New Balance, Inc.
13.1.7. Li Ning Company Limited
13.1.8. ECCO Corporation
13.1.9. China Dongxiang (Group) Co. Ltd
13.1.10. 361 Degrees International Limited
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14. Strategic Recommendations
15. About Us & Disclaimer
12
13© TechSci Research
Product Overview
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year Range
GLOBAL SNEAKERSMARKET
TYPE
• Adult Sneakers
• Children Sneakers
DISTRIBUTION CHANNEL
• Store-based Retail
• Non-Store-based Retail
REGIONS
• Europe
• North America
• Asia-Pacific
• South America
• Middle East & Africa
Sneakers refer to the broader category of shoes that includes athletic shoes, tennis shoes, trainers, runningshoes, etc., which are primarily designed for sports or other forms of physical exercise. Nowadays, sneakershave become an integral part of an individual’s possession and are increasingly being used as daily footwear.Sneakers have a flexible sole which is usually made of rubber or synthetic material. Prime focus of sneakers’manufacturers is to ensure maximum comfort to feet during any kind of physical exercise.
Market Segmentation
14© TechSci Research
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in global sneakers market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about global sneakers market.
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor Presentations✓ Regulatory Body✓ Associations, etc.
Secondary ResearchPrimary Research
14
15© TechSci Research© TechSci Research
Respondents were asked about the current and future market growth rates, as well as market shares by product type,
distribution channel and region. Removing the outlier responses, the geometric mean of growth estimates and provider wise
revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares
generated across various segments were further triangulated from other stakeholders depending upon the product type.
Methodology Followed for Calculation of Market Shares:
Market shares by product type, distribution channel, region and company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue
generated through sneakers, globally. The final shares were calculated by taking the geometric mean of the responses
gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the
survey results in SPSS/Tableau Software.
Research Methodology
15
16© TechSci Research© TechSci Research
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
global sneakers market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
• The currency used in the report is the United States Dollar (USD), with the market size indicated in USD Billion.
• Conversion rates
Research Methodology
Currency 2018 2017 2016 2015 2014
Chinese Yuan 6.62 6.76 6.64 6.29 6.16
Indian INR 68.45 65.13 67.20 64.18 61.02
Japanese Yen 110.47 112.20 108.65 121.08 105.82
Singapore Dollar 1.35 1.38 1.38 1.38 1.27
Australian Dollar 1.34 1.31 1.34 1.33 1.11
Euro 0.85 0.89 0.90 0.90 0.75
Canadian Dollar 1.30 1.30 1.32 1.28 1.10
Brazil (Real) 3.66 3.19 3.48 3.34 2.35
Argentina (Peso) 18.44 16.55 14.77 9.25 8.10
Saudi Riyal 3.75 3.75 3.75 3.75 3.75
16
17© TechSci Research
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to
reach accurate market numbers. Partial list of companies interviewed and key secondary sources studied for the report:
Partial List of Companies Interviewed Key Secondary Sources
▪ Continental AG
▪ Curtiss-Wright Corporation
▪ Infineon Technologies AG
▪ ZF Friedrichshafen AG
▪ SKF Ltd
▪ Nexteer Automotive
• International Monetary Fund
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ Credible Paid Databases
▪ OICA
17
Partial List of Companies Interviewed Key Secondary Sources
▪ Nike Inc.
▪ Adidas AG
▪ ASICS Corporation
▪ Puma SE
▪ Under Armour, Inc.
▪ New Balance Athletics Inc.
▪ Li Ning Company Limited
▪ ECCO Corporation
▪ China Dongxiang (Group) Co. Ltd
• International Monetary Fund
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ Credible Paid Databases
▪ News Dailies
▪ ITC Trademap
▪ CEIC
▪ International Trade Association
18© TechSci Research
INDUSTRY BRIEF
18
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.
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.
“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.
19© TechSci Research
SAMPLE DATA - SNAPSHOT
19
Global Sneakers Market Size, By Value (USD Billion), 2014-2024F
CAGR 2014-2018By Value: xx%
CAGR 2019E-2024FBy Value: xx%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Canada Sneakers Market Share, By Type, By Value, 2014–2024F
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Adult Sneakers 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
Children Sneakers 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
North America Sneakers Market Share, By Country, By Value, 2018 & 2024F
United
States, …
Canada,
25.00%
Mexico,
25.00%
Rest of North …2018
United
States,
25.00%
Canada,
25.00%
Mexico,
25.00%
Rest of North
America, 25.00%
2024F
20© TechSci Research
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Research provides market research reports in a number of areas to organizations. The company uses innovative business
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unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from
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completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information
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