Chunky Sneaker Market Analysis, Development, Revenue, Future Growth and Forecast to 2032
The Chunky Sneaker Market is estimated to reach US$ 15,047.7 Million in 2022. As per the report, sales are forecast to increase at a robust 3.6% CAGR, with the market valuation reaching US$ 21,432.3 Million by 2032.
Over the past several years, there has been a growth in demand for Chunky Sneaker because outdoor activities are becoming more and more popular. Along with increased disposable income and a preference for physical fitness, this factor is likely to boost the global chunky sneaker market during the course of the anticipated timeframe. Good, chunky sneakers are the epitome of comfort. However, there are some compelling arguments for and against them when considering them as a trend. The opposing side argues that there are elites who could create literature on the bulky sneakers.
They are referred to by one segment of society as "simply casual dad shoes" and by another as "the next big thing in fashion." Regardless of the ongoing argument, these adaptable clunky sneakers have made a significant reappearance this year. It's interesting to note that they were commonplace twenty years ago before abruptly going away. They were only occasionally visible in the fashion world. They were valued more for their use in the great outdoors than for their aesthetic appeal. They rose through the ranks throughout time, gradually but surely, and are currently regarded as a huge trend for 2022.
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Customers who are more likely to buy these bulky trainers undoubtedly want to make a statement, whether or not they are aware of it. Over the previous 12 months, chunkier soles, brighter colours, and increased attention to detail have all been seen on sneakers. Take the Balenciaga Triple S, a large shoe with three stacked sole portions that instantly caught the attention of social media users and sneakerheads.
"The Chunky Sneaker Market to greater heights because of increase attention seen on sneaker and social media users and sneakerhead." Says an FMI analyst.
Impact of COVID-19
Almost no region of the world has escaped the savagery of the Covid-19 pandemic, and every business is afflicted by the cruel Corona virus disease. Many countries and governments have instituted a lockdown to contain the pandemic, which entails limiting public gatherings and human movement. In addition to this, the transportation system hasn't been fully opened, which has affected the import and export of chemicals as well as the availability of raw materials. Additionally, when the number of Covid-19 cases rises and the government reinstates the lockdown, there will once more be a labour shortage in the industries, which might have an adverse effect on how well corporate operations run. This reinstatement of lockdown will have an impact on supply chain, which will huge impact on industry.
Who is winning?
Leading players operating in the Chunky Sneaker Market are Puma, Balenciaga, Louis Vuitton, Adidas, A.P.C., Nike, Gucci, Fila, Champion, Topshop, Jeffrey Campbell, Sketchers, Ash, Treton, Off-White And among others.
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