Trendy Sneaker Market Size, Share, Growth, and Industry Growth by Type (Adult Sneaker and Children Sneaker) By Application (Online Shop, Shopping Mall, and Other), Regional Insights, and Forecast from 2023 to 2031

Updated On: 22 April 2024

Trendy Sneaker Market REPORT OVERVIEW

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The global trendy sneaker market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Trendy sneakers refer to footwear that is currently fashionable and in demand. Sneakers have been a popular style of shoe for several decades, and different designs, colors, and brands have become popular over time. In recent years, there has been a surge in the popularity of sneaker culture, with people collecting and trading limited edition and rare sneakers as a hobby. The trend has also been driven by collaborations between sneaker brands and celebrities or designers, resulting in unique and highly sought-after styles.

Trendy sneakers may feature bold colors, unique designs, and high-tech materials, as well as branding from popular sportswear and lifestyle brands. Comfort and functionality are also important factors, as sneakers are often worn for both athletic activities and casual wear. 

COVID-19 Impact: The Disruption of the Supply Chain Had an Effect on Market Value 

The COVID-19 pandemic has had a significant impact on the sneaker industry, including the market for trendy sneakers. The pandemic caused disruptions in the supply chain and manufacturing of sneakers, leading to delays in the release of new styles and limited availability of popular sneakers. Sneaker events such as conventions, launch parties, and pop-up shops have been canceled or postponed due to the pandemic. These events are important for building hype and generating excitement around new releases and collaborations, which has impacted the marketing and sales strategies of sneaker brands.  

LATEST TRENDS

"Increasing Demand for Chunky Sneakers will Boost Market Expansion  "

Chunky or "dad" sneakers are still going strong. These sneakers feature oversized soles and bold designs and are often paired with casual outfits for a comfortable and stylish look. As sustainability becomes a more important factor in fashion, sneaker brands are turning to eco-friendly materials like recycled plastic and organic cotton to create their products.

Trendy Sneaker Market Segmentation

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• By Type Analysis

By type, the trendy sneaker market is segmented into adult sneaker and children sneaker.

The adult sneaker segment will dominate the trendy sneaker market in the coming years. 

• By Application Analysis

Based on applications, the trendy sneaker market is online shops, shopping malls, and other.

The online shop use segment will lead the global share through 2031. 

DRIVING FACTORS

"Celebrity and Designer Collaborations Will Increase the Market Growth "

The athleisure trend, which combines athletic and leisurewear, has been a driving factor for the popularity of sneakers. Sneakers are comfortable and versatile, making them a popular choice for both athletic activities and casual wear. Collaborations between sneaker brands and designers or celebrities have contributed to the popularity of trendy sneakers. These limited-edition sneakers often feature unique designs and are highly sought-after by collectors.

"Increasing Awareness About Comfort and Functionality Sneakers will Drive Market Growth  "

Social media has had a significant impact on the popularity of sneakers, with influencers and celebrities sharing photos and videos of their latest sneaker purchases on platforms like Instagram and TikTok. This has helped to create hype and drive demand for certain styles and brands. Comfort and functionality are important factors that contribute to the popularity of trendy sneakers. Sneaker brands are constantly innovating to create sneakers that are both comfortable and functional, with features like breathable mesh, responsive cushioning, and moisture-wicking fabrics.  

RESTRAINING FACTORS

"Economic Conditions and Increased Competition will Limit Market Expansion  "

The popularity of trendy sneakers can be affected by economic conditions such as recessions and job losses. During times of economic uncertainty, consumers may be less willing to spend money on non-essential items like sneakers. As the sneaker industry becomes more crowded, with new brands and styles entering the market, established sneaker brands may find it more challenging to maintain their market share and popularity. 

Trendy Sneaker Market REGIONAL INSIGHTS

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"North America to Grow at the Highest Trendy Sneaker Market Share During the Forecast Period   "

North America is a significant market for trendy sneakers, with brands like Nike, Adidas, and Jordan dominating the market. The popularity of sneakers in North America can be attributed to the strong sneaker culture, the influence of hip-hop and streetwear fashion, and the popularity of athleisure.

Europe is another important market for trendy sneakers, with brands like Nike, Adidas, and Puma being popular among consumers. The popularity of sneakers in Europe can be attributed to the influence of streetwear and high-end fashion, as well as the rise of sneaker culture in cities.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

List of Market Players Profiled

• Adidas (Germany) 
• Nike (U.S.)
• Off-White (Italy)
• Stussy (U.S.)
• New Balance (U.S.)
• Puma (Germany)
• Li-Ning (China)
• Under Armour (U.S.)
• ASICS (Japan)
• MIZUNO (Japan)
• Ecco (Denmark)
• Kswiss (U.S.)
• Skecher (U.S.)
• ANTA (China)
• PEAK (China)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent trendy sneaker market growth in some regions.