India Sneaker Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.20% (2024-2032)
The sneaker market in India is experiencing robust growth, driven by several key factors. According to IMARC Group, The India sneaker market size is projected to exhibit a growth rate (CAGR) of 6.20% during 2024-2032.
India Sneaker Industry Trends and Drivers:
The India sneaker market is expanding rapidly, owing to several interconnected factors. Besides this, the market is propelling due to the growing urbanization and an increased emphasis on sports and fitness. Meanwhile, customers are being encouraged to purchase sneakers for both daily use and sports by the athleisure trend, which blends athletic apparel with casual style. This shift is supported by the expanding youth population, who are particularly drawn to fashionable and comfortable footwear. Additionally, the rise of e-commerce platforms and the increased disposable income of consumers have made sneakers more accessible, further propelling the growth of the India sneaker market. In line with these factors, collaborations between international sportswear brands and local influencers are also driving demand by aligning sneaker styles with local fashion preferences.
Technological advancements in sneaker design, such as the use of lightweight, breathable materials and eco-friendly manufacturing processes, are contributing to the evolution of the India sneaker market. Moreover, sustainability is becoming an important factor for both brands and consumers, with a growing focus on sneakers made from recycled or organic materials. In addition to these factors, customization and limited-edition releases are gaining popularity, attracting sneaker enthusiasts looking for unique products. Consequently, the penetration of global brands into smaller cities and towns, alongside the rise of local manufacturers offering affordable alternatives, is expanding the market reach. Apart from this, the India sneaker market is set to witness robust growth fueled by lifestyle changes, technological innovation, and evolving consumer preferences.
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India Sneaker Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Low-Top Sneakers
- Mid-Top Sneakers
- High-Top Sneakers
Category Insights:
- Branded
- Private Label
Price Point Insights:
- Luxury
- Economic
Distribution Channel Insights:
- Specialty Stores
- Supermarkets and Hypermarkets
- Brand Outlets
- Online Stores
- Others
End User Insights:
- Men
- Women
- Kids
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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