Sneakers are on Fire
The sneaker resale market shows no signs of slowing down anytime soon. The market is currently valued at 72.2 billion globally with a measured compound growth rate from 2022 -2023 at 16.4%. Projections show in the US alone expected growth from $2 billion to $30 billion by 2030 and globally expected to hit $101 billion by 2026. Hype culture, community and engagement, social media, secondary marketplaces, and the constraints put on supply with limited edition drop tactics employed by major sneaker brands are all cited as to why the sneaker resale market is booming.
Hot Drops of 2023
With four months remaining in the year, it’s highly likely that several more eagerly anticipated releases will emerge, commanding substantial resale value. Among the upcoming highlights are the Air Jordan 5 Retro Burgundy and Playoff, Air Jordan 1 Retro High Palomino, and the J Balvin X Air Jordan 3. In our coverage, we delve into this year’s most triumphant launches and provide insights into the expected resale values.
