Sneakers As Alternative Assets The current U.S. sneaker resale market is estimated at $2 billion but expected to blow up 15 times that to $30 billion by 2030.
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What is the value of the sneaker resale market?
A Cowen & Co. analysis from July estimates that the sneaker resale industry is worth $2 billion in North America and could reach $30 billion globally by 2030.
What is the secondary sneaker market?
There’s also the secondary market, which has turned into a billion-dollar business. StockX – the stock market for all things sneakers – is the go-to site, GOAT is popular for new and used shoes and eBay added verified sneaker selling.
How big is the shoe resell market?
The U.S. new-sneaker market was worth $21 billion in 2019, according to data from research firm Cowen; globally, that market was valued at $100 billion.
Is StockX a secondary market?
Over the past few years, the secondary sneaker market has grown into a beast of its own, with StockX, a leading resale platform rumored to go public this year, projecting the secondary market to grow to 15-25 percent of the $100 billion sneaker market by 2025.
How big is the global sneaker market?
The global athletic footwear market size was valued at USD 127.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
Is it worth reselling on StockX?
As the resale market continues to grow, it is proving to be an excellent way to make money. Small businesses can use websites such as StockX for buying and selling, and start to capture some of the resale market. StockX is an excellent place to sell sneakers, clothing, handbags, watches, and other collectibles.
Who are StockX competitors?
Top 9 StockX competitors
- SODA.
- Grailed.
- Rally.
- GOAT.
- Poizon.
- Secured.
- Stadium Goods.
- Flip.
How much is StockX worth?
StockX’s funding and valuation
According to StockX’s Crunchbase profile, StockX has raised $690 million over 9 rounds and has a valuation of $3.8 billion according to their April 2021 Press Release.
Is sneaker reselling profitable?
Compared to some other options for how to make extra money online, the sneaker resale market is actually very profitable. It’s currently valued at around $1 billion.
How do resellers get so many pairs?
“I get nearly all my pairs online. The average reseller will use computer programs called bots to try to get their hands on sneakers. Bots virtually automate everything, attempting to rapidly check out multiple pairs from websites before they sell out, much faster than any human could.
How much is the sneaker industry worth 2022?
Jul 06, 2022 (The Expresswire) — Rising Demand : In 2020, Sneaker Market is valued approximately at 78750 million USD and is anticipated to grow with a healthy growth rate of more than 7.2% CAGR and it is projected to reach 119510 Million USD over the forecast period 2022-2026.
Who owns StockX Eminem?
Josh Luber
When Josh Luber cofounded sneaker trading platform StockX in 2015, little did he know his first backers would include Mark Wahlberg and Eminem. Five years later, StockX is worth more than £800 million, employs 1,100 people and has expanded beyond footwear to other collectibles.
Is Eminem part of StockX?
Detroit-based StockX, an online consumer platform for high-demand, limited edition products, is partnering with Detroit native Eminem to create exclusive content and access to sneakers from the hip-hop artist’s personal collection.
Why is StockX so successful?
Part of StockX’s success is due to the popularity of streetwear and StockX’s creation of a trusted resale marketplace where goods are authenticated reducing the risk of counterfeit products or fraudulent payment. Today StockX is valued at $3.8 billion. 2. The sneaker resale market is growing quickly.
How big is the sneaker community?
Eye-popping stat: The sneaker resale market is now worth an estimated $10 billion, research firm Piper Sandler reports. That’s up from just $6 billion in 2019, according a Cowan report that included a growth projection for the market to reach $30 billion by 2030.
How many pairs of sneakers are sold each year?
The global footwear market is worth $352 billion in retail sales. Consumers around the world buy an estimated 14.5 billion to 19 billion pairs of shoes per year – roughly equal to two pairs per person on the planet.
What shoe company sells the most?
Nike
Nike. Nike is currently the world’s largest footwear company, generated a total $38.7 billion sales in 2019 It is also the world’s second largest apparel company manufacturing and selling some of the world’s best sports clothing and footwears.
What sneaker size sells the most?
The men’s shoe size that sells the most is size 10.5. It’s the most common men’s shoe size and sneaker brands make more pairs in that size because they know more men in the world wear them. For that reason, 10.5 is the men’s shoe size that technically sells the most.
How much do StockX sellers make?
Large Fees
StockX charges seller’s a 9.5% sellers fee, although this can go down as you sell more sneakers.
What shoes have best resale value?
Today we go through our picks for the top 12 most hyped and potentially profitable sneakers to resell
- 5) Travis Scott x Air Jordan 6 British Khaki.
- 4) Fragment x Sacai x Nike LD Waffle.
- 3) Supreme x Nike Dunk Low “Stars”
- 2) Trophy Room x Air Jordan 1 High “Freeze-Out”
- 1) Dior x Air Jordan 1 High “Chicago”