openPR Logo
Press release

Refurbished Sneaker Market Set to Grow at 9.4% CAGR by 2030

12-04-2024 09:50 AM CET | Consumer Goods & Retail

Press release from: Persistence Market Research

Refurbished Sneaker Market Set to Grow at 9.4% CAGR by 2030

Introduction

The refurbished sneaker market has emerged as a growing segment within the global footwear industry. Refurbished sneakers provide a cost-effective and sustainable alternative to brand-new shoes, attracting environmentally-conscious consumers and budget-sensitive buyers alike. This market's growth is underpinned by increasing awareness of sustainability, the rising popularity of vintage and limited-edition sneakers, and expanding e-commerce platforms.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐏𝐃𝐅-https://www.persistencemarketresearch.com/samples/33847

Market Dynamics

Key Growth Determinants

Sustainability Trends: Growing environmental concerns are driving demand for refurbished products, as consumers seek eco-friendly alternatives to new manufacturing processes that often contribute to carbon emissions.
Affordability: Refurbished sneakers allow consumers to access premium footwear brands at significantly lower prices.
Expanding E-Commerce: Online platforms have played a critical role in connecting sellers and buyers, boosting the visibility and reach of refurbished sneakers globally.

Major Growth Barriers

Quality Concerns: Buyers may hesitate due to doubts regarding the durability and authenticity of refurbished sneakers.
Limited Consumer Awareness: Despite its potential, the market still faces challenges in educating consumers about the benefits of refurbished footwear.

Key Trends and Opportunities

Rise of Limited-Edition Resales: Refurbished sneakers, especially limited-edition designs, are increasingly sought after by collectors and sneaker enthusiasts.
Technological Advancements: Improved refurbishment techniques are ensuring better quality and a longer lifespan of products.

Collaborations and Branding: Partnerships between refurbishment companies and major brands are adding credibility and trust to the market.
Regional Frontrunners

North America: Leading the global market due to a strong sneaker culture and the presence of prominent players in the resale and refurbishment industries.
Europe: Witnessing significant growth owing to increased awareness about sustainability and a preference for high-end, eco-friendly products.
Asia-Pacific: Poised for rapid expansion, driven by a young, fashion-conscious population and growing digital platforms.

Key Market Players

StockX
GOAT
Stadium Goods
Restocks
ThredUp

Market Forecast

The global refurbished sneaker market is forecast to expand at a CAGR of 9.4%, growing from a value of USD 0.234 billion in 2023 to USD 0.43 billion by the end of 2030. This growth underscores the increasing consumer inclination towards sustainability, affordability, and style.

Refurbished Sneaker Market Research Segmentation

By Consumer Orientation:

Men
Women
Kids

By Price Range:

Mass Refurbished Sneaker
Premium Refurbished Sneaker

By Sales Channel:

Online
Offline

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Conclusion

The refurbished sneaker market is on a promising trajectory, supported by rising environmental awareness, affordability, and the cultural significance of sneakers as a fashion statement. While challenges related to quality perception persist, advancements in refurbishment technology and strategic collaborations with leading brands will likely drive further market expansion.

The industry offers significant opportunities for both established players and new entrants, particularly in regions like Asia-Pacific and Europe. As the market grows, innovative approaches to branding and sustainability will remain pivotal to its success.

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Refurbished Sneaker Market Set to Grow at 9.4% CAGR by 2030 here

News-ID: 3770851 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Refurbished

RefurbConnect - Refurbished Business Laptops
Address: 110 Bi County Blvd #106, Farmingdale, NY 11735 Phone: 888-204-1725 Website: https://refurbishedlaptops.com About us: At RefurbConnect we take IT equipment from a work environment and breathe new life into it. If you are looking to set up your office with machines that act like new but at a fraction of the expense, we're your team. We work hard at making each machine good as new. We work on Desktops, Laptops, Apple, Servers and
US Refurbished Electronics Market Emerging Trends and Growth Prospects 2034 |Ama …
On April 7, 2025, Exactitude Consultancy., Ltd. released a research report titled "US Refurbished Electronics Market". In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the US Refurbished Electronics Market including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. It provides the industry overview with growth analysis and historical & futuristic
Prominent Refurbished Medical Imaging Devices Market Trend for 2025: Strategic P …
Which drivers are expected to have the greatest impact on the over the refurbished medical imaging devices market's growth? The increasing number of diagnostic imaging procedures is expected to drive the growth of the refurbished medical imaging device market. Preventive healthcare and early detection have increased the demand for diagnostic imaging procedures. Refurbished medical imaging devices offer cost-effective solutions for hospitals and clinics. For example, in December 2023, the Canadian Agency
Emerging Refurbished Medical Imaging Devices Market Trend 2025-2034: Strategic P …
How Is the Refurbished Medical Imaging Devices Market Projected to Grow, and What Is Its Market Size? The market size for refurbished medical imaging devices has seen a swift expansion in recent years. The market's value is projected to increase from $6.34 billion in 2024 to $7 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. Factors leading to this growth during the historical period include health insurance
Emerging Refurbished Medical Imaging Devices Market Trend 2025-2034: Strategic P …
How Is the Refurbished Medical Imaging Devices Market Projected to Grow, and What Is Its Market Size? The market size for refurbished medical imaging devices has seen a swift expansion in recent years. The market's value is projected to increase from $6.34 billion in 2024 to $7 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. Factors leading to this growth during the historical period include health insurance
Top Factor Driving Refurbished Laptop Market Growth in 2025: Mitigating E-Waste …
How Big Is the Refurbished Laptop Market Expected to Be, and What Will Its Growth Rate Be? The refurbished laptop market has seen strong growth in recent years. It will increase from $7.73 billion in 2024 to $8.29 billion in 2025, at a CAGR of 7.3%. This growth is driven by rising prices of new devices, the growth of e-commerce, greater awareness of environmental sustainability, economic factors, more efficient refurbishment processes,