Limited-Edition Sneakers and Streetwear Apparel Market Size, Statistics, Growth Trend Analysis, and Forecast Report, 2022 – 2032

The Limited-Edition Sneakers Market is segmented By Sales (Manufacturing Companies, Resale Companies, Peer-to-Peer Companies), By Brands (Adidas, Nike, Jordan, Reebok, Yeezy, Converse, New Balance, Others), By Gender (Men, Women, Unisex), and By Geography (North America, APAC, Europe, ROW).
The Streetwear Apparel Market is segmented By Sales (Manufacturing Companies, Resale Companies, Peer-to-Peer Companies), By Brands (Supreme, BAPE, Palace Skateboards, Off-White, Kith, Comme des Garcons, Y-3, Fear of God, The Hundreds, DeadBear, Others), By Gender (Men, Women, Unisex), and By Geography (North America, APAC, Europe, ROW).

  • Report ID : MD2966
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  • Pages : 220
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  • Tables : 39
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  • Formats :

The Limited-Edition Sneakers and Streetwear Apparel Market shall reach a value of $X Million in 2032, growing with a CAGR of X% during the forecast period of 2022 to 2032
Over the past decade, the Streetwear Market has crossed exponential boundaries and this trend is here to stay. The market is flooded with popular brands like Nike, Adidas, Jordans, Yeezy, Puma, Asics, and Converse. On the one hand, are the high-end designer collaborations like the Prada X Adidas Superstar Collab and the famous Gucci X Vans; on the other hand, the limited-edition sneakers market caters to exclusive releases from distinguished brands like the ‘Air Jordan 1 X Travis Scott’, the ‘Nigo X Nike’, which are very limited in number and are mostly sold out within seconds of the launch. Even non-fashion companies like Tinder and Disney are entering this piping-hot stream of the Sneakers Industry, to contribute to the hype community by launching a fashion statement piece under their brand name.
The Sneaker Culture is spreading like wildfire because of the exclusivity it offers. Sneaker enthusiasts, more commonly called the ‘Sneakerheads’ are a community of people who have a passionate love of collecting these unique pieces of hype kicks.

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A five-figure sum is no problem for the raging millennials
A pair of sneakers, when launched is usually priced at an original price of as low as US $150 – US $ 180, but once copped from the retailer, these kicks clearly reach a value that only scarcity can provide.

Major industry players in the limited-edition sneaker resale market like StockX and Goat resell a pair at a staggering price of US $1000!
These markets are driven by a community of streetwear fashion enthusiasts, who are ready to pay a premium price to acquire ‘a rare asset’, as they call it.
Its all about art, artists, innovation, originality, and especially creativity. A rare piece gains its rarity when the supply of that particular piece is less in the market, and it might possibly involve a collaboration with a famous artist, for instance, Vans X Vincent Van Gogh collection launched in 2018, involved a blend of the artist’s iconic artworks with the sneaker company.

Graphic tees, baggy clothing, and funky designs are all over the fashion market
The Streetwear Culture, which once originated among the hip-hop and skateboarding community in the early 1980s and 1990s, has now become one of the most famous fashion statements among the GenZ.

The culture not only promotes exclusivity, authenticity, and a sense of community but also supports social issues like Gender-neutrality and Sustainability.
The limited-edition releases by high-end brands like Supreme, Off-White, Fear of God, and BAPE have highly sought after, the resale market for these unique pieces reaches sky-high prices.
The style is also being observed by mainstream fashion houses, with luxury brands like Gucci and Louis Vuitton launching their own hip-hop-inspired clothing range. These brands are doing such offerings to serve a more diverse and young audience with a high disposable income.
For instance, the Gucci X Dapper Dan collection launched select luxury streetwear pieces with the aim of creating the most sophisticated graphic tees, hoodies, sneakers, hats, and tracksuits.

Sneaker Festivals to Auction Websites – Key Market Places
There are a variety of channels for purchasing streetwear, large market players who resell limited pairs of kicks to fancy Sneaker Conventions, and every channel serves its own purpose and clientele.

StockX, GOAT, Flight Club, and Sole Supremacy are among the largest players in the market and dominate the sale and purchase of most new launches of streetwear. These trading platforms allow the consumer to connect with their favorite brand through a portal, instead of standing in long queues outside a store before launch.
Sneaker and Streetwear Conventions like ComplexCon, SneakerCon, and Agenda Show bring together vendors and attendees who can buy, sell and trade sneakers. This lets an attendee showcase his collection and get a peek into someone else’s wardrobe, featuring a wide variety of streetwear from vintage classics to limited edition releases.
Secondhand marketplaces like eBay and Depop are also gaining momentum. Though the origin of streetwear is from a branded manufacturing company like Nike and Yeezy, it is difficult to get it on the day of launch as it is instantly sold out within seconds, and thus the customers rely more on the secondary marketplaces.

Not everything comes with a silver-lining
As the industry continues to grow dramatically, there also come some challenges that the Streetwear Industry players and consumers face. Increased competition and growing crowds in the streetwear market are making it difficult for new and established companies to differentiate from the rest.

Counterfeiting manufacturing of certain limited pieces is another significant problem in the market. Such fake pieces may also damage the brand value resulting in consumer distrust.
The industry also promotes excessive buying and inexplicable expenses, and the sustainability issues with such impulsive buys are touching the roof. Consumers all over the world are becoming environmentally conscious and leaning towards eco-friendly products, so a need to shift to ethically manufactured products is a factor that can make or break the game.
One thing a Sustainable Streetwear brand may do is the use of organic material or recycled fabric in order to manufacture their products. Reducing the usage of polluting fuels and shifting to green dyes and prints is another example of becoming a sustainable brand.

To wrap up, it is all economics
The established fact is that streetwear gives a sense of strong emotional connection to specific brands and artists, thereby creating a tight-knit community which is true for the most part, but one cannot deny the economic principle behind the functioning of the industry. The market strongly works on the supply-demand economic theory where the secondhand sellers take advantage of the limited supply of a particular piece of streetwear and drive its price based on its demand and desirability. The instinctual human desire to own something limited and exclusive is what drives the whole limited-edition sneaker and streetwear market.
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Competitive Landscape
Streetwear roots in the American hip-hop and youth culture, which has now spread to a wide range of communities all around the world. The largest market remains in the United States, which also houses a few of the most popular streetwear brands, such as Supreme and BAPE.
The involvement of every nation has led to a multicultural fusion resulting in new and unique pieces.
Japan, South Korea, and China are a few of the flourishing streetwear markets with growth in brand collaborations and indigenous brands entering the market.
The sellers’ market constitutes of well-established brands, emerging brands serving a niche community, resale market players, designer collaborations, and commercial websites.
Well-established brands like Fear of God, BAPE, Yeezy, and Supreme, are the primary manufacturers of the product. Most of their launches are purchased by secondary market sellers within seconds of the launch, leaving hardly one-two piece in the hands of the actual consumer.
The resale market for rare streetwear items is now a huge part of the industry and most of the industry’s revenue comes through this market. StockX and Grailed are major industry players, which sell rare beasts at a premium price to their customers.

Recent Strategic Developments

  • US Nike, the American Sportswear Brand, and Tiffany & Co., the luxury jeweler, dropped limited edition sneakers in March 2023
  • Scheduled on 20 April 2023, a limited-edition sneaker released and designed by 8000Kicks in partnership with Nisiseltor Studio is completely made of Premium CBD Weed, named the ‘Weedo’
  • On 13 April 2023, Adidas made a fresh launch of Golf Sneakers designed especially for the golf terrain featuring a water-resistant microfiber to suit a golfer’s needs
  • On 14 April 2023, Reebok X Milk Makeup’s 100% Vegan Sneaker, is an unusual merger of beauty with sports. The launch focused on utility and functionality, taking into notice the concern of vegan consumers.
  • Nicce, an East London streetwear brand, has been acquired by Apparel Brands Ltd, resulting in licensing for Nicce apparel in both wholesale and e-commerce market.

Years considered for this report

  • Historical Years: 2021 - 2022
  • Base Year: 2022
  • Forecast Period: 2023-2032

 

Limited Edition Sneakers and Streetwear Market Research Report Analysis Highlights

  • Historical data available (as per request)
  • Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
  • Data breakdown for application Industries (2022 - 2032)
  • Integration and collaboration analysis of companies
  • Investments by Sneakerheads
  • The Emergence of New Companies
  • Growth Opportunities and trend analysis
  • Competition analysis/market share
  • Supply chain analysis
  • Client list and case studies
  • Market entry strategies adopted by emerging companies

 

Limited Edition Sneakers and Streetwear Market Segments

By Product Type (Revenue, USD Million, 2022 - 2032)

  • Sneakers
  • Streetwear Apparel

Sneakers

By Sales (Revenue, USD Million, 2022 - 2032)

  • Manufacturing Companies
  • Resale Companies
  • Peer-to-Peer Companies


By Brands
(Revenue, USD Million, 2022 - 2032)

  • Adidas
  • Nike
  • Jordan
  • Reebok
  • Yeezy
  • Converse
  • New Balance
  • Others

By Gender (Revenue, USD Million, 2022 - 2032)

  • Men
  • Women
  • Unisex

By Geography (Revenue, USD Million, 2022 - 2032)

  • North America
  • APAC
  • Europe
  • ROW

By Streetwear Apparel (Revenue, USD Million, 2022 - 2032)

By Brands (Revenue, USD Million, 2022 - 2032)

  • Supreme
  • BAPE
  • Palace Skateboards
  • Off-White
  • Kith
  • Comme des Garcons
  • Y-3
  • Fear of God
  • The Hundreds
  • DeadBear
  • Others

By Sales (Revenue, USD Million, 2022 - 2032)

  • Manufacturing Companies
  • Resale Companies
  • Peer-to-Peer Companies

By Gender (Revenue, USD Million, 2022 - 2032)

  • Men
  • Women
  • Unisex

By Geography (Revenue, USD Million, 2022 - 2032)

  • North America
  • APAC
  • Europe
  • ROW

Limited-Edition Sneakers and Streetwear Market Companies

Manufacturing Brands

  • Nike
  • Adidas
  • Reebok
  • New Balance
  • Puma
  • Supreme
  • BAPE
  • Off-White
  • Stussy
  • Kith
  • Converse
  • Vans

Resale Market Players

  • GOAT
  • StockX
  • Sole Supremacy
  • Flight Club
  • KLEKT
  • Grailed
  • Depop
  • The RealReal
  • BUMP
  • Round Two

Available Versions of Limited-Edition Sneakers and Streetwear Market Report:
US Limited Edition Sneakers and Streetwear Market Research Report
Japan Limited Edition Sneakers and Streetwear Market Research Report
India Limited Edition Sneakers and Streetwear Market Research Report
China Limited Edition Sneakers and Streetwear Market Research Report
Korea Limited Edition Sneakers and Streetwear Market Research Report
APAC Limited Edition Sneakers and Streetwear Market Research Report
Sneaker Resale Market Research Report

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