As per newly released data by Future Market Insights (FMI), the Women Sneaker Market is estimated at USD 27031.9 Million in 2022 and is projected to reach USD 51703.5 Million by 2032, at a CAGR of 6.70 % from 2022 to 2032.
| Attribute | Details |
|---|---|
| Women Sneaker Market Estimated Size (2022) | USD 27031.9 Million |
| Women Sneaker Market Projected Size (2032) | USD 51703.5 Million |
| Women Sneaker Market Value-based CAGR (2022 to 2032) | 6.70% |
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The Women Sneaker Market has grown quickly in recent years, and this trend is expected to continue in the coming years. Men, women, and children make up the three segments of the footwear market. Consumers are becoming more conscious of their appearance, particularly women.
They are greatly influenced by advertisements, movies, entertainment channels, and other types of media. Additionally, companies that make women's shoes work with well-known people or pay for celebrity endorsements, which affects consumer behavior.
These elements are anticipated to increase demand for women's shoes globally in the near future. As a result, during the forecast period, the market for women's shoes is anticipated to grow at a CAGR of 6.70 % in terms of value.
Sneaker collaborations have peaked as a result of pop culture's infiltration of the footwear sector, as has the sector's economic and social capital. The annual shoe sales exceed 1 billion, and the resale market for sneakers is thought to be worth USD 2 billion.
That sum ought to surpass USD 6 billion by 2025. According to StockX, the women's shoe industry has more than doubled since 2016. How appealing shoes are to women may be seen by the 100 percent straight years' growth in female visitors to the sneaker reselling website. Additionally, the market for women's high-end sneakers has increased by 1500%. This includes the increase in shop inventories of sneakers made specifically for ladies.
Women's habits at the gym have altered as "Social Fitness" has become more popular. The days of working out alone on bulky equipment are over. Participant activities now include Pilates and Zumba, which are considered forms of "Social Fitness". This is the ideal starting place for businesses to develop items specifically for women. Female consumers are particularly open to social interactions with brands and merchants. To obtain exclusive offers and insider knowledge, they are more than willing and prepared to divulge personal information.
They are simultaneously disclosing everything to their friends. Women are now more prevalent than ever before when it comes to shooting and sharing images, viewing product videos, checking in and tagging friends, or writing product reviews while shopping. Customers want to interact socially with your business, and the majority feel at ease sharing information about deals and discounts.
Retailers and brands have been dictating how and what we should buy for decades. Women shoppers will sell to one another as retail shifts to social commerce. Retailers must become more knowledgeable and aware of social media activity as the number of customers doing product research online rises.
By giving customers a way to share their experiences on Facebook, Instagram, and Pinterest, retailers are starting to embrace this in the USA. I anticipate that this discussion will turn to the available digital access points. Future prosperity will go to companies and merchants that comprehend and capitalize on this desire.
Is the sneaker culture, in general, a passing craze or something more
It is definitely not a craze. The sneaker culture has been around for a while and is now significantly more common. Sneakers are a form of self-expression and a kind of social currency. Another aspect of the fascination is locating a rare pair. Sneaker fans can go to any lengths to find a pair that isn't offered in stores or malls, despite the fact that retail sales of shoes are also fairly substantial.
Alongside sneaker culture, streetwear culture is expanding in India. Sneaker enthusiasts often talk about sneakers. You can tell a lot about a person by the sneakers they are wearing just by looking at them. In the world of footwear, individual expression is everything. In fact, we spoke with a dating app developer who wants to add a function that allows users to search for matches based on the type of sneakers they wear.
Observing the enormous growth of women's impact in the sneaker Market.
Over the past ten years, there have been some significant changes within the sneaker market. Resell culture has taken off, celebrity relationships with sneakers have become commonplace, high fashion has blended with sportswear and athleisure, collaborations have become the new GS, and the list goes on and on. It's been amazing to see how much women have influenced the streetwear and sneaker sectors over the past ten years, particularly in the latter half of the decade.
Female creatives have become more visible, dialogues about diversity, gender politics, and body issues have become more prevalent, and brands are increasingly taking into account female preferences and opinions when developing their overall strategies. For ex: Whether a woman or a man, Rihanna is one of the biggest names in music. In addition to her numerous musical accomplishments, she has made a significant impact on the world of fashion, and more especially, sneakers.
Rihanna and PUMA collaborated to introduce their Fenty x PUMA line in 2016. The sneaker scene has benefited greatly from Rihanna's involvement. Given the ongoing rivalry from the line being developed by companies like Nike and Adidas, the Fenty x PUMA sneakers have also contributed to improving PUMA's reputation.
Nike has led the way in encouraging fresh female voices and challenging the sneaker status duo.
As a trailblazer in breaking the status quo of sneakers and championing new female voices, Nike. They have always taken seriously their commitment to offering their female customers everything they need to express who they are. Looking back on Air Max Day 2017, Nike released their women-only Air Max model, the Air Max Jewel, followed by the Air Max Dia the following year.
Pilot ventures, like Nike Unlaced, a curated website for female sneakerheads, have also been introduced. Not to mention how prominent women like Serena Williams, Bella Hadid, and Aleali May became campaign spokespersons. The future of female sneaker culture and what it means to work on the Air Max project were topics TITLE discussed with Nike's global design staff.
Sports Activity is the most preferred Application type in the Women Sneaker Market
Due to growing health awareness to maintain good health and fitness, the sports segment will hold the greatest market share in this segment. Customers that are interested in fitness, gym attendees, and others use them for brief workouts.
Plimsoll Sneaker is the most prominent category
One of the most widely available and well-liked shoe styles is the plimsoll. Low tops are what they are popularly referred to as, and there are a variety of styles to suit different tastes. They are typically worn with ankle socks to conceal them so that they can be displayed without drawing attention away from the shoes. Along with short- to medium-length dresses and skirts, they look wonderful with skinny jeans or rolled-up denim.
Store-Based Retailing drives the Women Sneaker Market.
Supermarkets and hypermarkets, brand outlets, and specialty shops are all considered offline-based retail stores. Due to the simplicity of trying on the sneakers to ensure comfort and matching preferences, this category is anticipated to hold the greatest market share. Due to more people having access to the internet, a larger selection of designs, and lower prices compared to physical retail stores, online retail outlets will experience the quickest growth.
Businesses inform customers about new technologies and product releases via social media, digital marketing, and the influencer marketing. In recent years, the e-commerce network has expanded dramatically and has become one of the top channels for major market producers.
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, the United Kingdom, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, and New Zealand. |
| Key Segments Covered | Type, Application Type, Sales Channel, and Region |
| Key Companies Profiled | Adidas AG; Converse; Superga; Tretorn; Veja; Greats; River Island; Zara; Gucci; Maison Margiela; Levi's; Jack & Jones; ASICS Corporation; Fila Inc.; Under Armour, Inc.; Lotto Sport Italia S.p.A; New Balance Athletics, Inc.; Vans, Inc.; Nike, Inc.; Puma SE; Reebok International Ltd.; Others |
| 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 |
The overall market is expected to progress with a CAGR of 6.7% until 2033.
The global market size is forecasted to be near USD 51,703.5 million by 2033.
Women sneakers sales in India is growing at a faster rate than other countries.
The global demand for high-end women sneakers has surged by 1,500% in the past five years.
Use of women sneakers for sports activity was the leading application segment share in 2022.
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Women Sneakers Market
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