Global Leather Sneakers Market By Closure Type (Lace Up, Zipper, Slip-on, and Others), By Sole Material (Rubber, Polyurethane, Leather, and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the Report

How are the major segments performing in the Leather Sneakers market?

• The lace-up closure type segment had the largest revenue share in the global market in 2022. Lace-up closure sneakers are popular among consumers due to their ease and durability. The availability of a wide range of personalization options and colors also propels this segment’s growth.
• In 2022, the leather sole material segment was projected to hold a major share of the global leather sneakers market. Leather soles are well-known for their comfort, durability, and elegance, making them a favorite choice among customers. In addition, using leather soles improves shoe breathability, avoiding unpleasant odor and bacteria growth, which is an important factor for customers.
• In 2022, the men’s consumer orientation segment accounted for the largest market share and was estimated to grow at the fastest CAGR during the projected period. This category is driven by men’s increasing choice of comfortable and trendy footwear, rising disposable incomes, and expanding fashion consciousness.
• The multi-brand store sales channel segment dominated the global market share in 2022. The growing popularity of multi-brand stores among customers who like to shop for multiple brands under one roof. Additionally, the convenience and accessibility of multi-brand stores enable customers to compare and select from various products.

What is the Market Size of Leather Sneakers regarding value?

The global leather sneakers market is anticipated to grow at a substantial CAGR of 5.2% in the upcoming years. The global Leather Sneakers industry was estimated to be worth USD 419.2 million in 2022 and was expected to be worth USD 597.76 million by 2028.

Which region dominated the leather sneakers market?

In 2022, Europe was anticipated to hold a major share of the global leather sneakers market owing to strong demand for premium footwear, the availability of raw materials, and the region’s several notable competitors. The formal leather shoes segment is expected to perform well in the region due to the growing middle class, more women at work, increased shopping centers, and convenient internet purchasing. The growing popularity of athleisure wear and a preference for sustainable and eco-friendly footwear materials are likely to fuel the expansion of the European leather sneakers market in the coming years.

How is US Market Performing in the leather sneakers market?

North America currently holds the second-largest share of the global market for leather sneakers. The United States has the highest revenue share in this region due to expanding demand for premium footwear, the popularity of athleisure and casual wear, and the expansion of online retail channels. Moreover, the presence of key industry players and an increased focus on sustainable and eco-friendly production techniques are projected to fuel the growth of the US leather sneakers market.

How is the economy impacting the global leather sneakers market growth?

The global economy considerably impacts the leather sneakers market’s growth. Consumer expenditure on luxury goods like leather sneakers may suffer due to the economic slowdown, recession, and inflation. However, a booming economy with a rising middle class and increasing disposable income can contribute to increased demand for premium leather sneakers. Furthermore, altering exchange rates and trade rules between nations can impact the cost of raw materials and manufacture, resulting in price variations for leather sneakers.

What is the competitive environment of the leather sneakers market?

The global leather sneakers market is very competitive, with numerous local and international firms. Some of the market’s key participants are Allen Edmonds, Nike Inc, Adidas AG, Prada Holding B.V., Puma SE, LVMH, and ASICS Corporation. These players employ important strategies such as new product releases, partnerships, collaborations, mergers & acquisitions, and geographical expansion. For instance, Gucci announced in December 2021 that it has teamed with the blockchain platform Arianee to supply digital passports for its leather sneakers. These passports will give customers details on the materials used in the sneakers, the manufacturing process, and ownership and authenticity documentation.

Executive Summary

What are the key trends in the Leather Sneakers market?

• Growing global demands for sustainable and eco-friendly footwear: Consumers are becoming more aware of the environmental impact of fashion products and are looking for more sustainable alternatives. This trend is driven by manufacturers’ increased adoption of ethical and sustainable practices and rising customer demand for environmentally friendly products. As a result, leather trainer manufacturers are using sustainable production procedures and integrating eco-friendly materials in their goods. Some companies, for example, make sneakers from recycled materials such as plastic bottles and rubber tires. Moreover, companies are introducing eco-friendly packaging and minimizing their carbon footprint by optimizing their supply chain. Furthermore, government policies governing environmental sustainability are projected to contribute to the expansion of this trend.

What are all the technical developments in the leather sneakers market?

One of the most significant technological advancements is using novel materials in manufacturing leather sneakers, such as vegan leather, recycled materials, and biodegradable materials. Another advancement is using 3D and digital printing technologies for more efficient and customized production. In addition, there is an increasing trend in producing leather sneakers towards sustainability and environmental friendliness. For example, PUMA SE, a Germany-based multinational company that designs and manufactures athletic and casual footwear, apparel, and accessories, announced the release of its first three Xetic sneakers with Porsche design in August 2020. Casual and performance clothing was produced from 100% recycled mesh, 100% chrome-free leather, and liners with 30% algae.

Which are the key investments by the leather sneakers market players?

Manufacturers spend heavily on product refinement and invention and establish new trends to get a larger market share. Companies are releasing shoes with additional functions. Nat-2, for example, has introduced a zipper function that transforms the leather shoe into a sandal or flip-flop. Likewise, Nike Inc, a multinational corporation in the United States specializing in the design, development, manufacture, and global marketing & sales of footwear, apparel, accessories, equipment, and services, released its first vegan leather SB Dunk sneakers in January 2021. The sneakers are animal cruelty-free and are part of Nike’s Zero Waste Initiative 2019.

Major global leather sneakers market players are Prada Holding B.V., LVMH, Allen Edmonds, Kering S.A., Bruno Magli, Cole Haan, Genesco Inc, Hermès International S.A., Salvatore Ferragamo S.p.A., and Crockett & Jones.

What are the Major Driving Factors for the Leather Sneakers Market?

The market for leather sneakers is closely related to consumer spending on fashion accessories. Social media’s growing influence propels the industry’s increased expenditure on fashion accessories. Leather sneakers are extremely durable and can be worn indoors and outdoors, making them increasingly popular among customers. It can also be used for casual, fashionable shoes and is appropriate for indoor and outdoor use. The growing working-class population, rising consumer income, a thriving retail e-commerce industry globally, and growing fashion trends in business apparel are all factors driving the expansion of the leather sneakers market. The absorbent properties of real leather, which can assist in cooling the foot and prevent odors, also drive the product’s market expansion.

What are the Major Risks for the Leather Sneakers Market?

The prevalence of counterfeit footwear produced from synthetic leather developed by local manufacturers limits the market growth. Growing alternatives such as synthetic and vegan leather are also projected to pose significant leather sneakers industry concerns. Leather footwear costs more than any other sort of footwear on average, which is a key constraint in cost-conscious countries. Consumers sensitive to animal butchering and conscious of animal ethics and rights further impede market expansion.

Which is the key sales channel in the leather sneakers market?

Over the forecast period, the multi-brand store segment will hold a substantial revenue share of the leather sneakers market. Multi-brand stores are becoming increasingly popular among customers who prefer to shop for various brands under one roof. The convenience and accessibility of multi-brand stores allow customers to compare and choose from various products. In addition, there is an increase in the number of multi-brand stores in urban areas and shopping malls, which gives leather sneaker companies more exposure and visibility. Also, leather sneaker manufacturers are working hard to expand their distribution networks and improve their presence in multi-brand retailers to reach a larger consumer base.

How is the leather sneakers market performing in regions?

During the forecast period, the Asia Pacific will witness the fastest growth in the global leather sneakers market. Factors such as growing regional economies, the rising number of low-middle class, the robust expansion of international footwear chains, and the growing working-class population will likely fuel the growth. High internet penetration and a rapid rise in online sales are expected to fuel the regional market further. For men, formal shoes, leather footwear, ankle-high boots with slim lasts, rounded Chelsea, sturdy lace-up boots, and robust biker boots were the main products in the region.

What is the regulatory landscape for the leather sneakers market?

The regulatory landscape for the leather sneakers industry includes a variety of chemical and material-related restrictions, such as those governing the use of banned substances and environmental rules. Intellectual property rights restrictions and anti-counterfeiting measures are also in place to safeguard brand names and designs. Governments and industry organizations worldwide are trying to ensure that these requirements are followed to protect the safety and quality of leather sneakers.

What are the major players planning for the future of the leather sneakers market?

The key players in the leather sneakers market are concentrating on product innovation, distribution network growth, and strategic alliances and acquisitions to increase their global market position. They also spend extensively on R&D to launch new products and obtain a competitive advantage. Many participants also work on sustainability activities to address the growing demand for environmentally friendly and socially acceptable products. For instance, Adidas AG, a multinational firm located in Germany that designs and manufactures shoes, clothes, and accessories, announced the launch of a new range of sneakers manufactured from mushroom leather in January 2021 as part of its sustainability effort.

Segmentation of Global Leather Sneakers Market-

Global Leather Sneakers Market – By Closure Type

• Lace Up
• Zipper
• Slip-on
• Others

Global Leather Sneakers Market – By Sole Material

• Rubber
• Polyurethane
• Leather
• Others

Global Leather Sneakers Market – By Consumer Orientation

• Men
• Woman
• Kids

Global Leather Sneakers Market – By Sales Channel

• Hypermarket/Supermarket
• Wholesalers/Distributors
• Specialty Stores
• Multi-brand Stores
• Independent Small Stores
• Other Sales Channels

Global Leather Sneakers Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa