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Sports footwear trend will grow by 50% in the next decade

20 Jan 2022

News Sports footwear trend will grow by 50% in the next decade
The sports footwear business continues to grow, and the trend should increase in the next decade. These are the conclusions of the Athletic Footwear Market Research, conducted by Allied Market Research. In 2020, the sneaker industry earned 109 700 million dollars (about 96 500 million euros). It is expected to reach 165 000 million dollars (145 200 million euros) by 2030, which reflects a growth of 50.4%.

The category of sports footwear that will exhibit the greatest development, as compared to other types of sneakers, is the running one,  which will also increase but on a smaller scale.

For Allied Market Research, the demand for sneakers will increase until 2030, mainly due to the generalization of the practice of sport in everyday life, as well as the democratization of its use in formal contexts. Growth may, however, be lower than expected thanks to higher raw materials and transports prices.