Global Chunky Sneakers
Market Report
2024
The Global Chunky Sneakers Market size is USD 45.1 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Chunky Sneakers market size is USD 45.1 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Chunky Sneakers Market Sales Revenue 2023 | $ 45.1 Billion |
Global Chunky Sneakers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
North America Chunky Sneakers Market Sales Revenue 2023 | $ 17.138 Billion |
Europe Chunky Sneakers Market Sales Revenue 2023 | $ 13.53 Billion |
Asia Pacific Chunky Sneakers Market Sales Revenue 2023 | $ 10.373 Billion |
Asia Pacific Chunky Sneakers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Chunky Sneakers Market Sales Revenue 2023 | $ 2.255 Billion |
Middle East and Africa Chunky Sneakers Market Sales Revenue 2023 | $ 1.804 Billion |
Market Split by Type |
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Market Split by Consumer Orientation |
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Market Split by Waterproofing |
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Market Split by Price Range |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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During the projected period, growth is anticipated to be fueled by factors like rising fashion trends in the footwear sector, a rise in disposable income, and a growing demand for sports shoes.
The global revenue for sports shoes is expected to reach US$ 52.98 billion by 2023. The sports shoe industry is expected to produce US$6.90 in sales per person in 2023, according to projections. The United States earns the most revenue of any nation, with US$14,900.00 million in 2023.
One of the main reasons propelling the industry's expansion is the global spread of internet platforms. Growth in the business is accelerated by consumers' increasing preference for stylish, branded, and high-end trainers across all age groups, as well as by their increased discretionary income, which increases demand for more inventive and comfortable trainers.
Though the majority of consumers, sneakerheads or not, will always favor chunky sneakers with a straightforward silhouette, millennials feel more pressure to stand out. Social media use has raised the importance of having a distinctive appearance and being one of a kind. Using social media is among the most common internet pastimes.
Globally, there were more than 4.59 billion social media users in 2022; by 2027, that figure is expected to rise to nearly six billion. The percentage of people using social media worldwide as of January 2023 was 59%.
Since manufacturers noticed that consumers were purchasing streetwear, we have seen an increase in the spectacle, chunkiness, and mismatched color of chunky sneakers. Customers who are more likely to buy this bulky, chunky sneaker want to make a statement, whether they realize it or not. Over the past year, chunky sneaker soles have become more popular, along with bolder hues and increased detailing. Take the Balenciaga Triple S, a chunky sneaker that attracted notice from sneakerheads and on social media right away since it had three sole portions stacked on top of one another.
Given the damaging consequences the fashion industry has on the environment, a sustainable option for trainers has long been overdue. Prominent athletic brands such as Adidas, Nike, and Puma have deliberately chosen to create chunky sneakers that are less harmful to the environment. There is less PVC in the vegan leather used to make this chunky sneaker. Demand for vegan chunky sneakers has increased as the number of vegans has increased.
In 2021, the vegan footwear market was projected to have a valuation of roughly 14.8 billion dollars. By 2027, this amount is expected to have more than doubled to reach over 30 billion USD.
Brands like Yeezy used algae that were cultivated locally to make their most recent Foam Runner collection. The brands have taken the first steps to lower their greenhouse gas emissions, and women everywhere are appreciative of this noble gesture.
A number of reasons have contributed to a notable increase in the cost of raw materials used in the production of high-end shoes. The increased demand for high-end chunky sneakers worldwide has led to heightened competition among shoemakers and an increase in the demand for raw materials. Further, because of the increased pressure on pricing brought on by the rising demand, it is now much harder for manufacturers to find these raw materials. The cost of raw materials is also rising dramatically due to currency exchange rates. If the country from which the raw materials are produced sees an increase in value relative to the currency utilized by shoemakers, the cost of these raw materials will rise. As a result, during the projected period, these factors are anticipated to impede market expansion.
The global chunky sneaker market has suffered as a result of the Covid-19 outbreak. The government shut down industrial units and enforced a rigorous lockdown in response to the COVID-19 outbreak. Amidst the lockdown and a decline in worldwide demand, sales plummeted to their lowest points throughout the pandemic. In terms of business, COVID-19 has had a significant detrimental effect. Large losses resulted from the epidemic since every retail location was closed. Major brands, including Adidas Inc. and Puma AG, reported sharp drops in sales in 2020 as a result of the COVID-19 pandemic. A few highly sought-after Jordans that were scheduled to release in March instead made their way to Nike.com, SNKRS, and other locations at a later time due to the COVID-19 pandemic's effects. Amidst the COVID-19 outbreak, a few prominent industry providers initiated multiple campaigns to expand their customer base. Many businesses have switched to selling their goods online.
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The chunky sneaker market is quite competitive, with a wide range of competitors. Producers present innovative goods to satisfy certain customer needs. Prominent corporations are introducing a range of chunky sneaker items for usage in many sectors and applications.
Top Companies Market Share in Chunky Sneakers Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 38.00% of the global revenue due to a variety of variables, such as the fact that customers are becoming more comfortable than concerned with pricing, thanks to changing lifestyles, growing fashion consciousness, and high consumer discretionary income. Among the major countries in the region, the United States is experiencing a growing demand for chunky sneakers. Although they have been a part of American society for a while, chunky sneakers are now popular everywhere. Particularly among younger people, chunky sneakers are highly sought after. Market growth is being fueled by consumers' growing desire for fashionable yet cozy footwear. Strong development prospects for the market in North America are anticipated as a result of the increased popularity of sports, including basketball, football, and other snow sports.
Throughout the projected period, the Asia Pacific market is anticipated to post a very high revenue CAGR. The labor-intensive chunky sneaker sector is impacted by a number of variables, including sales markets, labor prices, land availability, material supply, and environmental protection. As a result, global shoemaking bases are constantly shifting as a result of major consumer markets, shoe manufacturers, wholesalers, retailers, and retailers globally focusing on lower-cost nations in an effort to maximize profits. In the Asia Pacific region, China, Japan, Taiwan, and India are all profitable markets for chunky sneakers. Improved consumer living conditions and growing disposable money are two major reasons driving type demand in these nations. Growth in this market is anticipated to be driven by an increase in government initiatives to raise consumer awareness of health and well-being through the promotion of 2K and 5K runs and the requirement of sports hours in companies and schools.
The current report Scope analyzes Chunky Sneakers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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North America Chunky Sneakers Market Analysis:
As per Cognitive Market Research, North America held a dominant position in the market in 2023, contributing over 38.00% of the global revenue. This can be attributed to several factors, including customers' increasing comfort level with pricing, which is a result of changing lifestyles, growing fashion consciousness, and high consumer discretionary income. The United States, one of the main nations in the area, is seeing an increase in the demand for chunky trainers. Even though oversized trainers have been a part of American culture for some time, they are currently in style globally. Chunky shoes are very popular, especially with younger people. Additionally, the increase in the working women population due to rising urbanization is the major factor for increasing chunky sneaker demands in the women's sector. Thus, the growing fashion consciousness of consumers coupled with the growing young population is likely to maintain the region’s dominance.
Europe Chunky Sneakers Market Analysis:
Europe acquired a significant market share by acquiring 30% of the total market share, amounting to USD 13.53 billion. The market in Europe is primarily driven by consumers' evolving preferences towards high-end and luxury chunky sneakers. The mass population's high-income levels and rising spending on clothing can be used to support this. The region's chunky sneaker market has been further impacted by the fact that consumers are willing to pay more for premium products that offer high-quality and distinctive designs. The current global surge in health consciousness has led to an increase in the number of people using fitness centers and engaging in both indoor and outdoor exercise activities. As a result, people of all ages are in greater demand for treadmill chunky sneakers. Therefore, the rising income level, coupled with the growing demand for luxury products, increased the regional demand for chunky sneakers
Asia Pacific Chunky Sneakers Market Analysis:
The Asia Pacific market is expected to exhibit a very high revenue compound annual growth rate (CAGR) of 8.00% throughout the forecast timeframe, contributing USD 10.373 billion to the global market. Many factors, including labor costs, land availability, material supply, sales markets, and environmental protection, have an impact on the labor-intensive chunky sneaker industry. Because of the large consumer markets, shoemakers, wholesalers, merchants, and retailers worldwide are concentrating on lower-cost countries in an attempt to maximize earnings, which causes the global bases of the shoemaking industry to move constantly. China, Japan, Taiwan, and India are all lucrative markets for chunky sneakers in the Asia Pacific area. The rising impact of Western culture is also contributing to the rise of chunky sneakers replacing regular sneakers, thus increasing the demand for road chunky sneakers. The availability of cheap labor and a large consumer base is fostering the region's fastest growth rate.
South America Chunky Sneakers Market Analysis:
According to Cognitive Market Research, Latin America acquired a significant market in 2023 of 5.00% and accounted for USD 2.255 billion of the global revenue. The market for chunky sneakers in Latin America has grown significantly in recent years as a result of shifting fashion and lifestyle trends. Additionally, the demand for chunky sneakers in a variety of shapes and designs has been fueled by growing health consciousness, innovative design, increased disposable income, and the momentum of online shopping. Mexico stands out among the Latin American nations because it has had consistent and constructive growth over the past five years. Positive contributions to the expansion of the Latin American chunky sneaker sector came from Chile and Colombia as well. The rising popularity of football in the region is significantly contributing to the growth of waterproof chunky sneakers. As a result, the ongoing fashion trends, in addition to rising disposable income, fuel the market’s growth.
Middle East and Africa Chunky Sneakers Market Analysis:
The Middle East and Africa acquired a considerable market share in 2023, accounting for a share of over 3.50% of worldwide revenue, according to Cognitive Market Research, due to the expansion of a specialized hub for leather processing, which has led to a rise in output and exports of shoes made of leather. A good outlook for the market is being created by the establishment of multiple luxury footwear brands in the region, as a result, demand for chunky sneaker above USD 100 are preferred. Additional factors that are propelling the industry include the growing number of expatriates, which is causing consumers' aesthetic preferences to change, and the ease with which products can be accessed through the proliferation of online retail platforms. Thus, the growing purchasing power and demand for luxury footwear propel the regional market’s growth.
Global Chunky Sneakers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Chunky Sneakers Industry growth. Chunky Sneakers market has been segmented with the help of its Type, Consumer Orientation Waterproofing, and others. Chunky Sneakers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the road is the type that is utilized the most frequently in the market for chunky sneakers. Running shoes designed for road conditions are intended for use on concrete surfaces and short trips over smooth, somewhat uneven ground. They are light and flexible, and their purpose is to balance or cushion feet during extended strides on smooth, hard surfaces. On paved roads, road running shoes feature a flatter, smoother sole to offer a consistent running surface.
Snow sneakers are the second-most used type. The increased demand for trekking and backcountry snowshoes, as well as the expanding popularity of snow activities and discretionary income, are all contributing factors to the sector’s expansion. During the projection period, snowshoes intended for hiking and recreation are expected to hold the bulk of the segment share.
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According to Cognitive Market Research, men are the most extensive users of the chunky sneaker market. It is anticipated that during the projection period, the segment will continue to hold its leading position. Men are adopting the newest fashion trends at a high rate due to social media's growing influence. These elements influenced the strong demand for men's trainers. Male influencers who highlight personal style and emphasize dressing beautifully for self-expression are contributing to the rise of this market.
The women's chunky sneaker offering ranks second. A lot of sneaker companies target women primarily; for example, Aquazzura only makes shoes for women. Athleisure and sports firms such as Nike Inc., Skechers USA Inc., and Reebok, with a mission to empower women, have heeded their cries for sizing inclusivity and used innovative, customized approaches in both product design and sales strategies.
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The waterproof chunky sneaker is the chunky sneaker market's most popular category. Of course, running shoes will never be totally waterproof. Reliable waterproofing in chunky sneakers can greatly enhance comfort. Gore-Tex is one of the most widely used waterproof membranes because of its reliable moisture protection and breathability, although there are many more excellent substitutes.
According to Cognitive Market Research, the water-repellent chunky sneaker is the second-most popular category. Customers are adopting water-repellent sneakers at a higher rate as a result of a growing understanding of its advantages. The rising popularity of water sports and activities is driving the need for water-repellent footwear.
The US$ 20 to US$ 50 is the chunky sneaker market's most popular price range. One of the main reasons propelling the industry's expansion is the global spread of internet platforms. The sector is driven by people engaging in a variety of fitness-related activities, which is encouraged by the growing population and growing concerns about health and wellness. In addition, the younger generation's increased interest in sports and fitness is driving up demand for products.
According to Cognitive Market Research, above US$ 100 is the second-most popular range. It is well known that affluent people are known to purchase luxury items like shoes. Moreover, end users purchase these items to flaunt their position and increase their sense of value. Furthermore, there will be a global growth in demand for luxury footwear due to the need for higher quality and craftsmanship.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Chunky Sneakers Market is witnessing significant growth in the near future.
In 2023, the Road segment accounted for noticeable share of global Chunky Sneakers Market and is projected to experience significant growth in the near future.
The Men segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Puma , Louis Vuitton and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Road, Treadmill, Trail, Mud, Snow |
Consumer Orientation | Men, Women, Kid |
Waterproofing | Waterproof, Water Repellent |
Price Range | Below US$ 20, US$ 20 to US$ 50, US$ 50 to US$ 100, Above US$ 100 |
List of Competitors | Puma, Balenciaga, Louis Vuitton, Adidas, A.P.C., Nike, Gucci, Fila, Champion, Topshop, Jeffrey Campbell, Sketchers, Ash, Treton, Off-White |
This chapter will help you gain GLOBAL Market Analysis of Chunky Sneakers. Further deep in this chapter, you will be able to review Global Chunky Sneakers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Chunky Sneakers Market Trends North America Chunky Sneakers Technological Road Map North America Chunky Sneakers Market Drivers North America Chunky Sneakers Market Restraints North America Chunky Sneakers Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Consumer Orientation Analysis 2019 -2031
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Chapter 12 Market Split by Waterproofing Analysis 2019 -2031
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Chapter 13 Market Split by Price Range Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chunky Sneakers market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Road have a significant impact on Chunky Sneakers market? |
What are the key factors affecting the Road and Treadmill of Chunky Sneakers Market? |
What is the CAGR/Growth Rate of Men during the forecast period? |
By type, which segment accounted for largest share of the global Chunky Sneakers Market? |
Which region is expected to dominate the global Chunky Sneakers Market within the forecast period? |
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Additional Quantitative Data |
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