As per newly released data by Future Market Insights (FMI), the Men’s Sneakers Market is estimated at USD 31,927 million in 2022 and is projected to reach USD 52,135 million by 2032, at a CAGR of 5% from 2022 to 2032.
Attribute | Details |
---|---|
Estimated Men’s Sneakers Market Size 2022 | USD 31,927 Million |
Projected Men’s Sneakers Market (2032) Market Size | USD 52,135 Million |
Value CAGR (2022 to 2032) | 5% |
Comparatively, men use sneakers more frequently because they engage in more physical activity in their everyday life. In certain ways, sneakers offer both safety and comfort. Women, on the other hand, have several alternatives for footwear and are fashion-conscious. They frequently choose footwear that complements their outfits and favor wearing particular types of shoes on particular days and situations. While men look for options that can be worn with any sort of clothing and sneakers fit that need.
The current global rise in health awareness has led to an increase in the number of people using fitness facilities and participating in both indoor and outdoor exercise activities. All age groups have seen a rise in demand for men's sneakers as a result. Counterfeit brands are often particularly prevalent in emerging economies because consumers are extremely price-conscious. This element hinders the sale of genuine shoe brands that are currently available in these countries. The increase in the sneaker business is also being fuelled by a surge in disposable income, which is enabling people to spend more on luxury goods.
Men's Sneakers are in high demand because of their extensive application in a variety of settings. Men’s Sneakers are used by a variety of consumer groups, including athletes and rock climbers. Visitors to the gym, fitness-minded customers, and others who use them for brief workouts are all there. High-quality base materials like leather, foam, and plastic are coupled with cutting-edge chemical additives to produce the numerous types of shoes that are available on the market.
As fashion trends increase, there is a need for innovative products, which presents market potential. Customers anxiously anticipate new releases or recent additions to the market. In the upcoming years, it is anticipated that the need for innovative and stylish products would rise due to the fast-changing nature of fashion trends. Customers are increasingly looking for stylish athletic shoes with aspects of sports design in keeping with the athleisure trend. The introduction of sneakers to sports, particularly basketball and skateboarding, is one of the key reasons they are growing in popularity among consumers.
The rise in environmental concerns is one of the major factors limiting the sneaker business. The market is constrained by the government's and environmental organizations' aggressive efforts to combat pollution. The industry is one of the main causes of the pollution of the rivers and environment.
Despite the high prices demanded by well-known sneaker brands like Nike, Adidas, and Puma, there has been an increase in fake brands. Counterfeit brands are often particularly prevalent in emerging economies because consumers are extremely price-conscious. This element hinders the sale of genuine shoe brands that are currently available in these countries.
The sneaker market is constrained by rising costs for synthetic leather, chemicals, and other raw materials while maintaining constant prices for finished goods. Due to price increases brought on by rising raw material costs at a period when the pandemic and unemployment have prevented customers' purchasing power from increasing, buyers are limiting their sneaker purchases from once every six months to once every nine months.
Manufacturers were in extremely difficult circumstances as a result of the over 50% increase in the price of raw materials. Although they were able to raise prices to some extent, they were unable to pass the full increase on to their customers because their income had not grown.
Social media marketing is aiding the growth of the Men’s Sneaker Market in the country
Increasingly consumers are using various platforms of social media as internet usage increases. Major businesses in the sector establish plans to promote their products on these social media platforms. One of the primary strategies is social media marketing, employed by many industries and businesses to inform target clients about their product offerings on social media platforms. As a result, the South Korean market for men's sneakers sees a significant opportunity through its social media marketing strategy to gain traction and eventually develop registration among its target demographics, which also results in rising demand for men's sneakers.
The popularity of the Men’s Sneakers market is growing in India
The status-driven structure of Indian society is well served by hype. It undoubtedly fills a niche, but considering the hype products act as stocks with volatile values, the potential consumer market is much larger than it first appears. Although this industry has risen rapidly over the last three years, a peak is still approximately five years away.
The resale market has grown from a little niche to a multibillion-dollar industry in the last 10 years, and India's internet playground has proven to be beneficial to this sneaker culture. For well-liked and rare footwear, people may wait in line for hours. However, due to their increasing acknowledgment as works of art and due to their expanding popularity, unique shoes are moving beyond the arena of mere collections.
The men’s Sneakers Market is developing at a rapid pace in China
Along with being a successful market for non-athletic sneakers, China is also developing into a significant market for athletic sneakers. Largely as a result of regulatory measures linked to athleticism and national exercise programs, the country's rapid urbanization, rising per-capita incomes, international sporting events held there, and rising participation in recreational sports, among other factors.
Additionally, made-in-China products are becoming more well-known. China is advancing its growth plans swiftly. The horrific history between Adidas, Nike, and the two Chinese rivals Anta and Li-Ning stretches close to 50 years. While now, these Chinese businesses are poised to surpass the top players worldwide.
Mid-top sneakers will contribute a major share of the Men’s Sneaker Market
The worldwide sneaker market is dominated by the mid-top segment. Growing awareness of fitness and health has increased demand for mid-top sneakers, especially in industrialized nations. Mid-top sneakers are more in demand now than ever before because of new product introductions and improved levels of comfort provided by footwear.
Consumers primarily favor lace-up sneakers
The most popular fashion of men’s sneakers is lace-up footwear. As their name suggests, they are fastened with lace that is strung through lugs or eyelets. The majority of buyers love this style of footwear due to its durability and simple tying system. While people enjoy styling their laces through the eyelets in various ways. As a result, consumers tend to like lace-up shoes the most.
Offline retail outlets are projected to participate considerably in the men's sneaker market.
When compared to the internet segment, store-based retailing will have the majority of consumers in the men’s sneaker market. Customers who buy shoes are very worried about the fit and how they will appear after wearing them. Customers profit from retail stores since they may test out their chosen brand of sneakers and select from a wide range of choices.
Major suppliers of men's sneakers are mostly concentrating on product innovation to give consumers the right stability and comfort. In order to keep their position in the market, they are also focusing on the creation of proper branding. The market participants will have growth possibilities during the forecast period as a result of the adoption of acquisitions and collaborations.
For instance:
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa(MEA) |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
Key Segments Covered | Product Type, Application, Closure Type, Sales Channel, and Region. |
Key Companies Profiled | Adidas Group; Nike Inc.; New Balance; ASICS; PUMA SE; Under Armour, Inc.; Li Ning Company Ltd.; ECCO; China Dongxiang (Group) Co., Ltd.; 361 Degrees International Limited.; Vans; Converse |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Table 2: Global Market Volume (Units) Analysis by Product Type, 2017 to 2033
Table 3: Global Market Value (US$ Million) Analysis by Closure Type, 2017 to 2033
Table 4: Global Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Table 5: Global Market Value (Units) Analysis by Application, 2017 to 2033
Table 6: Global Market Volume (Units) Analysis by Application, 2017 to 2033
Table 7: Global Market Value (Units) Analysis by Sales Channel, 2017 to 2033
Table 8: Global Market Volume (Units) Analysis by Sales Channel, 2017 to 2033
Table 9: North America Value Value (US$ Million) Forecast, By Country, 2017 to 2032
Table 10: North America Value Volume (Million Units) Forecast, By Country, 2017 to 2032
Table 11: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
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Table 13: North America Market Value (US$ Million) Analysis by Closure Type, 2017 to 2033
Table 14: North America Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Table 15: North America Market Value (Units) Analysis by Application, 2017 to 2033
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Table 17: North America Value Value (US$ Million) Forecast, By Sales Channel, 2017 to 2032
Table 18: North America Volume (Million Units) Forecast, By Sales Channel, 2017 to 2032
Table 19: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Table 20: Latin America Market Volume (Units) Analysis by Product Type, 2017 to 2033
Table 21: Latin America Market Value (US$ Million) Analysis by Closure Type, 2017 to 2033
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Table 23: Latin America Market Value (Units) Analysis by Application, 2017 to 2033
Table 24: Latin America Market Volume (Units) Analysis by Application, 2017 to 2033
Table 25: Latin America Value Value (US$ Million) Forecast, By Sales Channel, 2017 to 2032
Table 26: Latin America Volume (Million Units) Forecast, By Sales Channel, 2017 to 2032
Table 27: Europe Market Volume (Units) Analysis by Product Type, 2017 to 2033
Table 28: Europe Market Value (US$ Million) Analysis by Closure Type, 2017 to 2033
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Table 30: Europe Market Value (Units) Analysis by Application, 2017 to 2033
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Table 32: Europe Value Value (US$ Million) Forecast, By Sales Channel, 2017 to 2032
Table 33: EuropeVolume (Million Units) Forecast, By Sales Channel, 2017 to 2032
Table 34: East Asia Market Volume (Units) Analysis by Product Type, 2017 to 2033
Table 35: East Asia Market Value (US$ Million) Analysis by Closure Type, 2017 to 2033
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Table 37: East Asia Market Value (Units) Analysis by Application, 2017 to 2033
Table 38: East Asia Market Volume (Units) Analysis by Application, 2017 to 2033
Table 39: East Asia Value Value (US$ Million) Forecast, By Sales Channel, 2017 to 2032
Table 40: East Asia Volume (Million Units) Forecast, By Sales Channel, 2017 to 2032
Table 41: South Asia Value Value (US$ Million) Forecast, By Closure Type, 2017 to 2032
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Table 47: South Asia Value Volume (Million Units) Forecast, By Consumer Orientation, 2017 to 2032
Table 48: South Asia Value Volume (Million Units) Forecast, By Application, 2017 to 2032
Table 49: South Asia Value Value (US$ Million) Forecast, By Application, 2017 to 2032
Table 50: South Asia Value Volume (Million Units) Forecast, By Sales Channel, 2017 to 2032
Table 51: South Asia Value Value (US$ Million) Forecast, By Sales Channel, 2017 to 2032
Table 58: Oceania Value Value (US$ Million) Forecast, By Closure Type, 2017 to 2032
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Table 60: Oceania Value Value (US$ Million) Forecast, By Material, 2017 to 2032
Table 61: Oceania Value Volume (Million Units) Forecast, By Material, 2017 to 2032
Table 62: Oceania Value Value (US$ Million) Forecast, By Closure Type, 2017 to 2032
Table 63: Oceania Value Volume (Million Units) Forecast, By Closure Type, 2017 to 2032
Table 64: Oceania America Value Volume (Million Units) Forecast, By Consumer Orientation, 2017 to 2032
Table 65: Oceania Value Volume (Million Units) Forecast, By Material, 2017 to 2032
Table 66: Oceania Value Value (US$ Million) Forecast, By Material, 2017 to 2032
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Table 68: MEA Value Volume (Million Units) Forecast, By Country, 2017 to 2032
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Table 71: MEA Value Volume (Million Units) Forecast, By Material, 2017 to 2032
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Table 75: MEA Value Volume (Million Units) Forecast, By Consumer Orientation, 2017 to 2032
Table 76: MEA America Value Volume (Million Units) Forecast, By Consumer Orientation, 2017 to 2032
Figure 01: Global Market Value (US$ Million) and Volume (Units) Analysis, 2017 to 2033
Figure 02: Global Market Value (US$ Million) and Volume (Units) Forecast 2022 to 2033
Figure 03: Global Market Value (US$ Million) and Volume (Units), 2017 to 2033
Figure 04: Global Market Absolute $ Opportunity (US$ Million) 2022 to 2033
Figure 05: Global Market Value (US$ Million) and Volume (Units) Forecast 2022 to 2033
Figure 06: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 07: Global Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 08: Global Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 09: Global Market Attractiveness by Product Type, 2022 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 11: Global Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 13: Global Market Attractiveness by Application, 2022 to 2033
Figure 14: Global Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 15: Global Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 17: Global Market Attractiveness by Closure Type, 2022 to 2033
Figure 18: Global Market Y-o-Y Growth (%) Projections, By Region, 2022 to 2033
Figure 19: Global Market Attractiveness by Region, 2022 to 2033
Figure 20: North America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 21: North America Market Volume (Units) Analysis by Country, 2017 to 2033
Figure 22: North America Market Y-o-Y Growth (%) Projections, By Country, 2022 to 2033
Figure 23: North America Market Attractiveness by Country, 2022 to 2033
Figure 24: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 25: North America Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 26: North America Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 27: North America Market Attractiveness by Product Type, 2022 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 29: North America Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 31: North America Market Attractiveness by Application, 2022 to 2033
Figure 32: North America Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 33: North America Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 34: North America Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 35: North America Market Attractiveness by Closure Type, 2022 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 37: North America Market Attractiveness by Sales Channel, 2022 to 2033
Figure 38: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 39: Latin America Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 40: Latin America Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 41: Latin America Market Attractiveness by Product Type, 2022 to 2033
Figure 42: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 43: Latin America Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 44: Latin America Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 45: Latin America Market Attractiveness by Application, 2022 to 2033
Figure 46: Latin America Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 47: Latin America Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 48: Latin America Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 49: Latin America Market Attractiveness by Closure Type, 2022 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 51: Latin America Market Attractiveness by Sales Channel, 2022 to 2033
Figure 52: Latin America Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 53: Latin America Market Attractiveness By Sales Channel, 2022 to 2032
Figure 54: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 55: Europe Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 56: Europe Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 57: Europe Market Attractiveness by Product Type, 2022 to 2033
Figure 58: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 59: Europe Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 60: Europe Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 61: Europe Market Attractiveness by Application, 2022 to 2033
Figure 62: Europe Market Value (Units) Analysis by Outer Material, 2017 to 2033
Figure 63: Europe Market Volume (Units) Analysis by Outer Material, 2017 to 2033
Figure 64: Europe Market Y-o-Y Growth (%) Projections, By Outer Material, 2022 to 2033
Figure 65: Europe Market Attractiveness by Outer Material, 2022 to 2033
Figure 66: Europe Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 67: Europe Market Attractiveness by Sales Channel, 2022 to 2033
Figure 68: Europe Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 69: Europe Market Attractiveness By Sales Channel, 2022 to 2032
Figure 70: East Asia Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 71: East Asia Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 72: East Asia Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 73: East AsiaMarket Attractiveness by Product Type, 2022 to 2033
Figure 74: East Asia Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 75: East Asia Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 76: East Asia Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 77: East Asia Market Attractiveness by Application, 2022 to 2033
Figure 78: East Asia Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 79: East Asia Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 80: East Asia Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 81: East Asia Market Attractiveness by Closure Type, 2022 to 2033
Figure 82: East Asia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 83: East Asia Market Attractiveness by Sales Channel, 2022 to 2033
Figure 84: East Asia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 85: East Asia Market Attractiveness By Sales Channel, 2022 to 2032
Figure 86: South Asia Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 87: South Asia Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 88: South Asia Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 89: South AsiaMarket Attractiveness by Product Type, 2022 to 2033
Figure 90: South Asia Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 91: South Asia Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 92: South Asia Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 93: SouthAsia Market Attractiveness by Application, 2022 to 2033
Figure 94: South Asia Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 95: South Asia Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 96: South Asia Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 97: South Asia Market Attractiveness by Closure Type, 2022 to 2033
Figure 98: South Asia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 99: South Asia Market Attractiveness by Sales Channel, 2022 to 2033
Figure 100: SouthAsia Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 101: South Asia Market Attractiveness By Sales Channel, 2022 to 2032
Figure 102: Oceania Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 103: Oceania Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 104: Oceania Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 105: Oceania Market Attractiveness by Product Type, 2022 to 2033
Figure 106: Oceania Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 107: Oceania Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 108: Oceania Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 109: Oceania Market Attractiveness by Application, 2022 to 2033
Figure 110: Oceania Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 111: Oceania Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 112: Oceania Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 113: Oceania Market Attractiveness by Closure Type, 2022 to 2033
Figure 114: Oceania Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 115: Oceania Market Attractiveness by Sales Channel, 2022 to 2033
Figure 116: Oceania Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 117: Oceania Market Attractiveness By Sales Channel, 2022 to 2032
Figure 118: MEA Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 119: MEA Market Volume (Units) Analysis by Product Type, 2017 to 2033
Figure 120: MEA Market Y-o-Y Growth (%) Projections, By Product Type, 2022 to 2033
Figure 121: MEA Market Attractiveness by Product Type, 2022 to 2033
Figure 122: MEA Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 123: MEA Market Volume (Units) Analysis by Application, 2017 to 2033
Figure 124: MEA Market Y-o-Y Growth (%) Projections, By Application, 2022 to 2033
Figure 125: MEA Market Attractiveness by Application, 2022 to 2033
Figure 126: MEA Market Value (Units) Analysis by Closure Type, 2017 to 2033
Figure 127: MEA Market Volume (Units) Analysis by Closure Type, 2017 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections, By Closure Type, 2022 to 2033
Figure 129: MEA Market Attractiveness by Closure Type, 2022 to 2033
Figure 130: MEA Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2033
Figure 131: MEA Market Attractiveness by Sales Channel, 2022 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections, By Sales Channel, 2022 to 2032
Figure 133: MEA Market Attractiveness By Sales Channel, 2022 to 2032
The rise in environmental concerns and the high prices demanded by well-known sneaker brands impede market growth.
Social media marketing is aiding the growth of the men’s sneaker market in the country.
Due to their increasing acknowledgment as works of art and due to their expanding popularity, the popularity of the men’s sneakers market is growing in India.
Mid-top sneakers will contribute a major share of the men’s sneaker market.
Adidas Group, Nike Inc., and New Balance are the top market players.
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