As per this study, the Global Sneaker Market was valued USD 66,911.9M (by revenue) in 2018 and is anticipated to reach USD 97,825.2M by 2024 with a CAGR of 7.0%. Sneakers are shoes primarily designed for sports or other forms of physical exercise, they are also known as athletic shoes, tennis shoes, jogger’s, gym shoes, runners, and takkies, but they consider to be more fashionable. Nowadays, people wear it even as a part of casual attire since it is more comfortable and cool. Eventually, they are similar to any athletic shoe type of footwear with a flexible sole made of rubber or synthetic material and the upper part is made of canvas. Examples of such shoes include athletic footwear such as basketball shoes, tennis shoes, cross trainers and other shoes worn for specific sports.
But our domain interest is limited, unique or rare performing assets (sneakers) that have a high margin on the secondary market. The Global Resell Sneaker Market is valued USD 1,840M (by revenue) in 2018 and is anticipated to reach 3,068.9M by 2024 with a CAGR of 8.9%.