North America Dominates the Global Sneaker Market with a Share of 36.78% in 2023

Global Sneaker Market Overview

According to Global Market Monitor, the global sneaker market size will be $91.78 billion in 2024 with a CAGR of 5.16% from 2024 to 2029.Sneakers are shoes designed primarily for sports or other forms of physical exercise but are also widely used for everyday casual wear. Sneaker soles are generally soft and elastic, which can provide a certain cushioning effect. It can enhance elasticity during exercise, and some can also prevent ankle injuries.

Increase in People’s Disposable Income

For the sneaker industry, the development of the industry market is closely related to people’s disposable income levels. At present, with the continuous development of the economy and the continuous improvement of income levels, consumers' disposable income has increased.

According to the National Bureau of Statistics of China, the per capita disposable income of Chinese residents in 2023 was 39,218 yuan, a nominal increase of 6.3% over the previous year. The per capita consumption expenditure was 26,796 yuan, a nominal increase of 9.2 percent over the previous year. The per capita clothing consumption expenditure was 1,479 yuan, an increase of 8.4%.

North America dominates the global sports shoe market, which is attributed to changing lifestyles, increasing fashion awareness, and high disposable income of consumers, which leads customers to favor comfort over price. The United States is the leading country in the region for the growing demand for sneakers, which have long been associated with American culture, but now they have spread across the globe. Sports shoes are in great demand, especially among the younger generation.Compared with developed countries such as Europe and the United States, developing countries such as China have low levels of per capita disposable income and low consumer spending. However, with the increase in per capita disposable income, residents' spending power, consumption level, and willingness to spend in the sports industry have gradually increased, driving the development of the Sneaker industry. This is mainly reflected in the increase in the frequency and quantity of Sneaker purchases, thereby promoting the expansion of Sneaker market demand. In general, the increase in people's disposable income is one of the important factors driving the development of the industry.

As the income of residents around the world increases and basic needs are met, people begin to pursue a healthier and healthier body. Modern people pay attention to health management. In recent years, residents around the world have paid special attention to strengthening disease prevention through exercise. It is easy to gain weight if you do not exercise, especially those who sit for long periods will develop abdominal obesity. Relevant studies have found that obesity is closely related to many diseases. For example, cardiovascular disease, type 2 diabetes, certain musculoskeletal disorders, and certain cancers. Exercise helps people improve their body's immunity and lose weight, so more and more people engage in physical exercise. In general, with the development and progress of society, people's health awareness continues to increase. The increase in health awareness has led more and more consumers to participate in physical exercise, thus increasing the demand for Sneakers. The improvement of people's health awareness is one of the opportunities for industry development.

By Type	Adult Sneaker
	Children Sneaker
	The adult sneaker segment accounts for the largest share.
By Application	Competition
	Amateur Sports
	Lifestyle
	The lifestyle segment occupies the biggest share.