Mastering the Game: The Profit Potential of the Booming Sneaker Resale Industry, 2020-2030

Description

The sneaker resale industry has experienced significant growth and transformation over the past decade. It has become a billion-dollar market driven by consumer demand for limited edition and exclusive sneakers. Fueled by factors such as the rise of sneaker culture, celebrity endorsements, and online marketplaces; the industry has evolved from a niche market to a mainstream phenomenon.

Sneaker manufacturers, such as Nike, Adidas, and Jordan Brand, regularly release limited edition sneakers with restricted quantities. These releases create a scarcity that drives up demand and resale prices.  The rise of online platforms, such as StockX, GOAT, and Grailed, has provided a convenient and accessible way for buyers and sellers to engage in sneaker resale transactions. These platforms verify the authenticity of sneakers and act as intermediaries between buyers and sellers.

As the market matures, consolidation among online marketplaces and smaller resale platforms is likely to occur. Larger players may acquire smaller platforms to expand their market share and offer a more comprehensive range of services. Not only smaller platforms, bigger brands are collaborating across value chain to snatch share in the market. For instance,  Adidas, a renowned sportswear brand, has partnered with BASF for the development of innovative cushioning technologies used in their sneakers. This notable collaboration between the two companies resulted in the creation of Boost technology.

Boost is a proprietary cushioning technology developed by BASF that Adidas has incorporated into many of its popular sneaker models. Boost foam is known for its responsiveness, energy return, and comfort. It features small thermoplastic polyurethane (TPU) pellets that are fused together to create a highly cushioned midsole

Market Krystal conducted more than 200 hours of secondary and primary research to understand the sneaker resale market by tracking the commodities development starting from basic raw material.  This research reports presents data by analyzing below companies; the insights derived from this research provide valuable perspectives on market data & forecast till 2030, helping stakeholders make informed decisions in this dynamic and evolving industry

1. StockX
2. GOAT
3. Flight Club
4. Stadium Goods
5. Grailed
6. KLEKT
7. Sole Supremacy
8. Sneakerhead
9. BUMP
10. Rif LA
11. Round Two
12. Project Blitz
13. Kixify
14. Sneaker Don
15. Urban Necessities
16. Heat Vault
17. SSENSE
18. Urban Outfitters (UO)
19. END.
20. Stadium Goods