Athletic Footwear Market Grows 6.7% in 2019
The global sneaker market had another strong year of growth, propelled mainly by growth in the U.S. and China, to $70,937 million. That represented a modest deceleration from the 8.7% growth rate in 2018 and the 8.5% and 9.1% rate the prior two years. Of course, the coronavirus pandemic hit just after the completion of 2019 and that will mean that 2020 will represent the first year that the sneaker market actually will contract since 2012 when it fell 7.6% but the sales decline this year is likely to be far steeper than that.
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