The latest market report published by Credence Research, Inc. is “Global Leather Sneakers Market: Growth, Future Prospects, and Competitive Analysis, 2018 – 2030”. The Global Leather Sneakers Market generated revenue of around USD 419.2 million in 2022 and is projected to grow a CAGR of over 5.2% during the forecast period from 2023 to 2030 to reach around USD 597.76 million in 2030.
The leather sneakers market is closely tied to consumer spending on fashion accessories. The expanding influence of social media is fueling the industry’s rapid expenditure on fashion accessories. Recent changes in consumer purchasing habits are likely to boost market growth. The need for contemporary, attractive, and comfy trainers drives product demand. Leather sneakers are often considered a luxury purchase. The introduction of new merchandise by various brands has fueled market expansion. Leather sneakers are incredibly durable and can be worn indoors and outdoors, making them increasingly popular among customers. It may also be utilized for casual, trendy shoes and is suitable for indoor and outdoor use. The growing working-class population, rising consumer income, a thriving retail e-commerce sector globally, and growing fashion trends in business clothing all contribute to the growth of the leather sneakers market. Real leather’s absorbent capabilities, which can help cool the feet and prevent odors, also propel the product’s market growth. However, the availability of counterfeit sneakers made from synthetic leather developed by local producers hampers market penetration. Growing alternatives such as synthetic and vegan leather are also expected to limit industry expansion. Leather sneakers are the most expensive footwear, a major restraint in cost-conscious countries.
The global leather sneakers market is bifurcated into Closure Type, Sole Material, Consumer Orientation, Sales Channel, and Geography. The market is categorized into lace-up, zipper, slip-on, and others based on closure type. The global market is segmented into rubber, polyurethane, and leather-based on sole material. The market is divided into men, women, and kids based on consumer orientation. Based on sales channels, the market is classified into hypermarkets/supermarkets, wholesalers/distributors, specialty stores, multi-brand stores, small independent stores, and other sales channels. The market is segmented based on geography: Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.
Europe dominated the global leather sneakers market in 2022, accounting for the highest share due to strong demand for premium footwear, the availability of raw materials, and numerous important competitors in the region. Furthermore, the trend of athleisure and increased disposable income drive market expansion in Europe.
Leather sneakers have been in trend for quite some time and the market is flourishing with ample opportunities. The demand for leather sneakers has increased significantly due to their durability, comfort, and style quotient. As more people are inclined towards sustainable fashion trends, leather sneakers offer a perfect blend of contemporary design and eco-friendliness. This has given rise to new business ventures that specialize in producing high-quality leather sneakers to cater to this growing demand. Moreover, the increasing disposable income of consumers across the globe presents a massive opportunity for players in the leather sneaker market. With advancements in technology and materials used in production, manufacturers can now produce custom-made designs tailored specifically to suit individual preferences which further adds value proposition to their business models.
Leather Sneakers Market Top Trends are constantly evolving, with new designs and materials being introduced every season. One of the latest trends is the use of sustainable leather, which is sourced from eco-friendly tanneries and processed without harmful chemicals. Another trend that has gained popularity recently is customization options, where customers can choose their own colors, patterns, or even add personalized messages to their sneakers. Comfort and durability remain top priorities in the Leather Sneakers Market as well, with brands experimenting with different cushioning technologies and construction methods to ensure a long-lasting product that doesn’t sacrifice style for functionality. Overall, the Leather Sneakers Market Top Trends showcase a dedication to innovation and sustainability while still delivering fashionable footwear for all tastes.
The growth factors influencing the leather sneakers market worldwide include:
- Fashion and style trends: Leather sneakers have become a popular fashion choice due to their versatility, durability, and timeless appeal. Changing fashion trends and the desire for stylish footwear contribute to the growth of the leather sneakers market.
- Growing athleisure culture: The increasing adoption of athleisure wear, which combines athletic and leisurewear styles, has elevated the demand for comfortable yet fashionable footwear like leather sneakers. The merging of fashion and sportswear influences consumer preferences and drives market growth.
- Rising consumer awareness about sustainability: Leather sneakers made from sustainably sourced materials and produced using eco-friendly manufacturing processes appeal to environmentally conscious consumers. The demand for ethically produced footwear drives the growth of the sustainable leather sneakers market.
- Premium and luxury segment growth: Leather sneakers, especially those from luxury and premium brands, cater to the demand for high-quality, premium footwear. The perception of leather as a premium material adds to the desirability and market growth of leather sneakers.
- Influence of celebrity endorsements and collaborations: Endorsements by celebrities and collaborations between fashion brands and sneaker manufacturers have a significant impact on consumer preferences. High-profile collaborations and celebrity endorsements help boost the popularity and market growth of leather sneakers.
- Comfort and durability: Leather sneakers are known for their comfort, breathability, and long-lasting durability. Consumers value these features, especially when seeking footwear for daily wear or athletic activities. The durability factor contributes to customer satisfaction and brand loyalty, driving market growth.
- Increasing disposable income: Rising disposable incomes in emerging economies and developing regions allow consumers to spend more on high-quality footwear like leather sneakers. The growth of the middle class and increasing purchasing power contribute to market expansion.
- Urbanization and lifestyle changes: Urbanization and changing lifestyles, including the shift towards casual and comfortable footwear choices, drive the demand for leather sneakers. The urban population’s preference for versatile footwear suitable for various activities fuels market growth.
Why to Buy This Report-
- The study provides a quantitative and qualitative analysis of the global leather sneakers market by segments, drivers, present trends, restraints, challenges, opportunities, and market dynamics from 2018 to 2021, with the base year of 2022 and a projected period of 2023 to 2030.
- The report gives insights into the competitive landscape, including how key players in the market are operating globally, regionally, and at the country levels.
- The report contains an extensive analysis of the global leather sneakers market segmentation by closure type, sole material, consumer orientation, and sales channel, which can assist stakeholders in better understanding market dynamics and identifying potential growth opportunities.
- The report offers business insights into technological advancements, research and development activities, and product innovations in the global leather sneakers market.
Browse Full Report: https://www.credenceresearch.com/report/leather-sneakers-market
Related Report: https://www.credenceresearch.com/report/hard-luxury-goods-market
Related Report: https://www.credenceresearch.com/report/outdoor-clothing-market
Browse Our Blog: https://www.linkedin.com/pulse/leather-sneakers-market-grow-steadily-over-cagr-52-priyanshi-singh