Mens Sneakers Market Research Report: By Type (Running Sneakers, Training Sneakers, Basketball Sneakers, Lifestyle Sneakers, Skateboarding Sneakers), By Material (Leather, Synthetic Leather, Textile, Mesh, Suede), By Closure Type (Lace-up, Slip-on, Velcro, Buckle), By Price Range (Low-Priced (Under US$100), Mid-Priced (US$100-US$200), High-Priced (Over US$200)), By Usage (Athletic Activities, Casual Wear, Performance Wear, Sports Competitions) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - F

Global Mens Sneakers Market Overview

Mens Sneakers Market Size was estimated at 91.77 (USD Billion) in 2022. The Mens Sneakers Industry is expected to grow from 96.06(USD Billion) in 2023 to 145.0 (USD Billion) by 2032. The Mens Sneakers Market CAGR (growth rate) is expected to be around 4.68% during the forecast period (2024 - 2032).

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Mens Sneakers Market Trends Highlighted

The Mens Sneakers Market is a dynamic and rapidly evolving sector, driven by evolving consumer preferences, technological advancements, and the rise of e-commerce. Key market drivers include the growing popularity of athleisure wear, the increasing demand for comfortable and stylish footwear, and the proliferation of online marketplaces. Opportunities for exploration and capture lie in the expansion of emerging markets, the integration of innovative materials and technologies, and the personalization of products to meet individual needs.

Recent trends in the Mens Sneakers market include the increasing popularity of retro and vintage styles, the emergence of sustainable and eco-friendly footwear, and the growing adoption of wearable technology. Collaboration between brands and influencers, the rise of subscription services, and the expansion of omnichannel retail strategies are shaping the market landscape.

Mens Sneakers Market Drivers

Rising Popularity of Athleisure Wear

One of the biggest drivers of the  men’s sneakers market is the increasing popularity of athleisure wear. In recent years, athleisure wear has become increasingly popular among consumers who want comfortable and stylish clothing that can be worn in any setting. Athleisure is a combination of athletic and leisure clothing and is popular all around the world. No longer restricted to athletic activities, sneakers are now worn as every-day shoes by men of all ages.In the next five years, the adoption of sneakers as every-day shoes is projected to grow further as athleisure wear becomes even more popular. The growth in athleisure wear can be attributed to several different factors. First, people around the world are beginning to care more about fitness and leading healthy lifestyles. Working from home has also become increasingly popular, resulting in the decline of formal wear. Second, the availability of trendy and affordable athleisure wear has made it more popular.Overall, the increasing popularity of athleisure wear is expected to be one of the biggest drivers of the  men’s sneakers market in the next five years. With more and more men adopting athleisure wear as their every-day wardrobes, the demand for sneakers is only expected to grow. This is especially true in emerging markets, where the demand for athleisure wear is growing at a fast pace.

Increasing Demand for Casual and Comfortable Footwear

The  men’s sneakers market is driven by the growing demand for casual and comfortable footwear. Men are increasingly looking for footwear that not only meets their needs but also fits their personal style. With the ability to be paired with almost any outfit, sneakers are the ultimate choice for men who want to be comfortable while looking good. Casual and comfortable footwear is in high demand for several reasons: the growing popularity of athleisure wear, the elevated practice of working from home, and the surging online shopping growth.Athleisure is a  fashion trend that has taken the world by storm and transformed casual wear into a multi-billion-dollar industry. Wearing workout attire both in and outside the gym continued to rise in popularity among consumers, leading to the fashion shift. Additionally, the incidence of working from home, which has surged amid the COVID-19 pandemic, has not returned to pre-pandemic levels. Remote employees are increasingly seeking comfortable and professional-looking alternatives for their outfits.Also, prevalent online shopping practices makes it easier for men to find and buy the perfect pair of sneakers. As a result, the growing need for casual and comfortable footwear will continue to drive the  men’s sneakers market in the future.

Growing Popularity of Online Shopping

Another major driver of the  men’s sneakers market is the growing popularity of online shopping. It is associated with a number of advantages compared to traditional shopping in the physical stores, that is, it provides additional convenience, a wide range of goods, and often cheaper products. In this regard, online shopping is increasingly chosen as the preferable option for the modern men who seek to buy sneakers. The growing popularity of online shopping is caused by a number of factors.First of all, the increasing penetration of smartphones and tablets is a major tendency of the recent years which is associated with the ease of online shopping. Next, the growing availability of high-speed internet is another trend which facilitates the process of online shopping. Lastly, the growing popularity of social networks is an important trend which makes it easier to find new styles of sneakers. such as Instagram and Pinterest on which hundreds of sneakers and categories are posted.In general, the growing popularity of online shopping is likely to continue and to positively influence the demand in the  men’s sneakers market in the future.

Mens Sneakers Market Segment Insights

Mens Sneakers Market Type Insights  

The Mens Sneakers Market is segmented by Type into Running Sneakers, Training Sneakers, Basketball Sneakers, Lifestyle Sneakers, and Skateboarding Sneakers. Running Sneakers is the largest segment of the market in terms of revenue, accounting for around 38.5% of the market share in 2023. The growth of this segment is attributed to increasing participation in running and fitness activities. In 2023, the Running Sneakers segment was valued at around USD 37.14 Billion and is projected to reach USD 44.5 Billion by 2032, growing at a CAGR of 3.6%.Training Sneakers is the second largest segment of the market, accounting for around 26.3% of the market share in 2023. This segment is expected to grow at a CAGR of 3.8% during the forecast period, reaching a value of USD 29.9 Billion by 2032. The growth of this segment is attributed to the increasing popularity of gym-based workouts and fitness regimes. Basketball Sneakers is the third largest segment of the market, accounting for around 18.7% of the market share in 2023. This segment is driven by the growing popularity of basketball and the increasing number of professional basketball players.In 2023, the Basketball Sneakers segment was valued at around USD 18.0 Billion and is projected to reach USD 22.6 Billion by 2032, growing at a CAGR of 4.0%. Lifestyle Sneakers is the fourth largest segment of the market, accounting for around 12.5% of the market share in 2023. This segment is driven by the growing trend of wearing sneakers as informal or casual shoes. In 2023, the Lifestyle Sneakers segment was valued at around USD 12.1 Billion and is projected to reach USD 15.7 Billion by 2032, growing at a CAGR of 4.2%. Skateboarding Sneakers is the smallest segment of the market, accounting for around 4.0% of the market share in 2023.This segment is expected to grow at a CAGR of 4.5% during the forecast period, reaching a value of USD 3.8 Billion by 2032. The growth of this segment is attributed to an increase in the popularity of skateboarding as a sport and recreational activity.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mens Sneakers Market Material Insights  

The  Mens Sneakers Market is segmented by Material into Leather, Synthetic Leather, Textile, Mesh, and Suede. The Leather segment held the largest market share in 2023, accounting for nearly 40% of the  market revenue. The high demand for leather sneakers can be attributed to their durability, breathability, and timeless appeal. Synthetic Leather is the second largest segment and is expected to grow at a CAGR of 5.2% during the forecast period. The increasing adoption of synthetic leather in the manufacturing of sneakers is due to its affordability, durability, and resemblance to genuine leather.The Textile segment is projected to grow at a CAGR of 4.8% during the forecast period. Textile sneakers are lightweight, breathable, and come in a wide range of colors and designs, making them popular among consumers. The Mesh segment is expected to grow at a CAGR of 4.6% during the forecast period. Mesh sneakers are lightweight, breathable, and offer good ventilation, making them ideal for athletic activities. The Suede segment is expected to grow at a CAGR of 4.2% during the forecast period. Suede sneakers are known for their unique texture and durability, making them a popular choice for casual and streetwear fashion.

Mens Sneakers Market Closure Type Insights  

The Closure Type segment of the  Mens Sneakers Market is anticipated to exhibit significant growth in the coming years. Lace-up sneakers continue to dominate the market, accounting for over 55% of the revenue share in 2023. Their popularity stems from the secure fit and customizable lacing system they offer. Slip-on sneakers, with their ease of wear, are projected to witness a steady rise, capturing around 25% of the market share by 2032. Velcro sneakers, favored for their convenience and quick fastening, are estimated to hold a notable market position.Buckle sneakers, known for their unique and stylish designs, are anticipated to gain traction, albeit with a smaller market share compared to other closure types. These insights highlight the evolving preferences of consumers, with comfort, style, and functionality driving their choices in the Mens Sneakers Market.

Mens Sneakers Market Price Range Insights  

The Mens Sneakers Market segmentation by Price Range comprises Low-Priced (Under US$100), Mid-Priced (US$100-US$200), and High-Priced (Over US$200). The mid-priced segment held the largest market share in 2023, capturing approximately 45% of the  Mens Sneakers Market revenue. This segment is expected to continue its dominance throughout the forecast period, driven by the growing preference for branded and stylish sneakers among consumers. The low-priced segment is projected to witness significant growth over the coming years, owing to the increasing popularity of budget-friendly options and the rising demand from emerging markets.The high-priced segment is expected to grow at a steady pace, catering to the needs of luxury and premium sneaker enthusiasts.

Mens Sneakers Market Usage Insights  

The Usage segment is a key factor in understanding the  Mens Sneakers Market. By analyzing the Usage segment, companies can gain insights into the specific needs and preferences of customers, enabling them to develop targeted marketing strategies.

Mens sneakers designed specifically for athletic activities such as running, basketball, and tennis, account for a significant portion of the  Mens Sneakers Market revenue. These sneakers are engineered to provide support, cushioning, and stability during workouts and athletic competitions.Mens sneakers intended for everyday casual wear represent a substantial segment of the market. These sneakers are designed to be comfortable, stylish, and versatile, catering to the growing athleisure trend.  

Mens sneakers tailored for performance-oriented activities, such as hiking, trail running, and obstacle courses, are gaining popularity. These sneakers offer specialized features like waterproof membranes, rugged outsoles, and ankle support.  

Mens sneakers specifically designed for professional and amateur sports competitions are a niche segment within the market. These sneakers are engineered to meet the exacting demands of athletes, providing optimal performance and protection.

Mens Sneakers Market Regional Insights  

The  Mens Sneakers Market is anticipated to witness considerable growth in the coming years. Regionally, the market is categorized into North America, Europe, Asia-Pacific (APAC), South America, and the Middle East Africa (MEA). In 2024, North America held the largest market share, followed by Europe and APAC. The APAC region is projected to exhibit a significant CAGR during the forecast period due to the increasing disposable income and growing popularity of athleisure footwear. Moreover, the rising urbanization and changing lifestyle preferences are expected to drive market growth in South America and MEA.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mens Sneakers Market Key Players And Competitive Insights

The companies working in the Mens Sneakers Market industry tend to strive to take over the increasingly larger part of the market. They achieve it by creating ever-new products, seizing the new available distribution channels and intensifying their marketing efforts. The biggest companies working in Mens Sneakers Market work actively on their technologies, trying to create new products that will meet the changing needs of customers. Many of the companies are trying to increase their product offerings, capturing various Mens Sneakers Market segments, such as casual, sport or luxury shoes.

There are more and more partnerships and mergers seen on the Mens Sneakers Market, these businesses are often aimed at providing their customers more value, using their new partners’ resources to the advantage of both parties. It must be expected that Mens Sneakers Market will remain very competitive, with new products and new businesses appearing and trying to adapt to the changing conditions.

Nike as a leader of Mens Sneakers Market industry benefits from a very strong brand and loyal customers. The company offers various sneakers to its customers, from the sportiest ones to the casual mens sneakers. Nike puts much emphasis on innovation and the quality of its technologies, such as the Flyknit material or the Air Max system. Nike shoes are sold through a very wide network and is available in over 160 countries. It has been widely recognized for its sustainable development commitment and promises to make its products more environmentally friendly.

An important competitor of Mens Sneakers Market leader, Nike, is Adidas. The company sells various sneakers, from the performance to more casual men’s sneakers. Adidas has developed a strong network of distribution in more than 160 countries. The company is also well-known for its brand, its innovative technologies, such as the Boost technologies. Like Nike, the company is very committed to sustainability and has been improving the environmental-friendliness of its products.

Key Companies in the Mens Sneakers Market Include

• New Balance


• Asics


• Lacoste


• Nike


• Puma


• Hugo Boss


• Adidas


• Jordan


• Converse


• Reebok


• Fila


• Skechers


• Vans


• KSwiss


• Tod's


• Under Armour

Mens Sneakers Market Industry Developments

The  Men's Sneakers market is projected to reach a value of USD 145.0 billion by 2032, expanding at a CAGR of 4.68% from 2024 to 2032. The market growth is attributed to the increasing popularity of athleisure wear, rising disposable income, and growing awareness of health and fitness. Key industry participants include Nike, Adidas, Puma, and New Balance.

Recent developments include the launch of sustainable sneaker lines by major brands and the integration of advanced technologies such as self-lacing and smart sensors. E-commerce platforms are gaining traction as a preferred distribution channel, offering convenience and access to a wider product range. Emerging markets such as Asia-Pacific and Latin America present significant growth opportunities due to rising consumer spending and urbanization.

Mens Sneakers Market Segmentation Insights 

Mens Sneakers Market Type Outlook

• Running Sneakers


• Training Sneakers


• Basketball Sneakers


• Lifestyle Sneakers


• Skateboarding Sneakers

Mens Sneakers Market Material Outlook

• Leather


• Synthetic Leather


• Textile


• Mesh


• Suede

Mens Sneakers Market Closure Type Outlook

• Lace-up


• Slip-on


• Velcro


• Buckle

Mens Sneakers Market Price Range Outlook

• Low-Priced (Under US$100)


• Mid-Priced (US$100-US$200)


• High-Priced (Over US$200)

Mens Sneakers Market Usage Outlook

• Athletic Activities


• Casual Wear


• Performance Wear


• Sports Competitions

Mens Sneakers Market Regional Outlook

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  North America

  
  


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  Europe

  
  


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  South America

  
  


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  Asia Pacific

  
  


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  Middle East and Africa