Sneakers - Canada

  • Canada
  • In 2024, the Sneakers segment in Canada is projected to generate a revenue of €1.36bn.
  • A steady growth rate of 3.49% annually (CAGR 2024-2028) is anticipated.
  • Interestingly, in the United States generates the highest revenue in the Sneakers segment globally, with a whopping €21,700.00m anticipated in 2024.
  • When compared to the total population figures, per person revenues of €34.85 are expected to be generated in Canada in the same year.
  • In terms of volume, the Sneakers segment is predicted to amount to 24.68m pairs by 2028.
  • Furthermore, in 2025, the Sneakers segment is expected to show a volume growth of 1.5%.
  • The average volume per person in the Sneakers segment is expected to reach 0.60pairs in Canada in 2024.
  • Canada's sneaker market is dominated by Nike and Adidas, with a growing demand for sustainable and locally-made options.

Key regions: India, Australia, India, Vietnam, United Kingdom

 
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Analyst Opinion

Since fashion trends have frequently carried over into the sneakers industry, they have now become a part of the everyday style of 40% of consumers, according to the Statista Global Consumer Survey. In terms of revenue value, the United States is in the lead, where sneakers have long been thought of as a culture. When it comes to revenue numbers, the Sneaker segment is led by two of its biggest players, Nike and Adidas.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Sales Channels
  • Analyst Opinion
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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