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 increasing influence of Western fashion trends among individuals, along with the popularity of athleisure, is contributing to the market growth in the country. Sneakers are becoming a fashion trend beyond just athletic use as more Indian individuals, especially the younger generation, adopt casual and sporty styles. In addition, the rising adoption of sneakers due to the thriving e-commerce sector in India is propelling the market growth. Online platforms provide easy access to a wide range of sneaker brands and styles, including international and niche labels that were previously unavailable in the country. This convenience, coupled with the ability to compare prices and read reviews, is bolstering the market growth. Another critical driver is the increasing focus on fitness and wellness. As more Indians embrace active lifestyles and prioritize health, the demand for performance-oriented sneakers is rising. Besides this, the growing number of fitness influencers in India is offering a favorable market outlook.
International and local brands are increasingly partnering with celebrities, designers, and artists to create exclusive sneaker collections, driving consumer interest and willingness to spend on premium products. These collaborations are leading to high demand and sometimes even sell-outs, particularly in urban areas. People are more likely to invest in branded and premium sneakers as they are moving to cities. They view premium products as status symbols or fashion statements. In line with this, the Indian sneaker market is benefiting from the increasing availability of affordable options. Local and international brands are offering a wide range of sneakers at various price points, making them accessible to a broader audience in the country. This inclusivity is helping to drive market expansion across different income groups, further increasing the overall growth of the sneaker market in India.
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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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