The Global Sneaker Resale Market Could Reach $30 Billion by 2030
Side hustles created the new gig economy – food delivery, ridesharing, resident hosting, freelancing, and many others have created approximately 1.1 billion gig workers worldwide. In the footwear’s gig industry, passionate sneaker collectors and resellers are leading the way in sneaker resale in what could be a $30 billion industry by 2030, according to Cohen Equity Research.
People are buying and selling secondhand sneakers in unprecedented fashion. The resale trend started way before the pandemic, but the time forced to work from home during the pandemic has helped form a new connection between consumers in the secondhand sneaker market. Market research shows nearly 30% of consumers between the ages of 18-34 purchase from a resale site monthly, up from the mid-20% range last year.
Buying secondhand sneakers can be easy or difficult depending on how and where you choose to shop. Unless you’re an expert at sourcing, cleaning, and restoring used sneakers, it might be challenging for you to find a pair of quality, pre-loved sneakers that meets your needs.
That’s where we come in. At SneakerCycle, we’re committed to sustainable fashion for a sustainable future. We are leaders in sneaker thrifting and we’re passionate about creating a circular ecosystem in the footwear industry. Our online store has tens of thousands of unique secondhand sneakers available for purchase and hundreds of new arrivals are published daily. From gently worn to moderately used, we provide the best value and variety of sneaker styles, brands, and categories including but not limited to: Nike, Adidas, Air Jordan, New Balance, Asics, Brooks, Saucony, Hoka One One, Reebok, Merrell, Puma, and more.
Learn more about SneakerCycle and shop our store online today.