(Statista)#27. Textiles and other footwear saw a 4.6% increase, while leather shoes saw a 2.9% decrease in total revenues. Fear of God sneakers offer the highest prices in the secondary shoe market in the world today, averaging $1,172 per pair.

Metzger says: "Consumers are so driven by this new economy of hype that they may be starting to forget about the true value of collecting sneakers around form and design.

Europe comes in second with 16% of total consumption, followed by North America at 15%. One series of sneakers, the Jordan line from Nike, is responsible for almost $3 billion in total revenues in the United States by itself.

Balenciaga Triple S shoes are the most popular option in the luxury sneaker market, representing 52% of the sales in this industry segment for 2017. That figure was even higher for Millennials, at nearly 40%. "You see sneakers like Element Reacts where you can kind of see through them. Adidas saw its sales rise by almost 50% in 2017 thanks to the high popularity levels for its Superstar and Tubular Shadow lines of sneakers.

(Footwear Distributors and Retailers of America)#35. These products offer support and protection for the feet against the various surfaces that we all walk on each day.

We can only expect the sneaker industry to further develop from once being a bunch of teenage boys camped out on Saturday morning to serving a more varied consumer whether it's a dad who has been wearing Air Monarchs for 15 years, the fanatical reseller making a living flipping shoes, or a young woman who realizes the Air Jordan 1 will always be one of the best silhouettes out.

Manufacturers encourage this activity by producing shoes in limited numbers when there are high demand levels for the product. (Statista)#12.

That is more than $60 higher than what the industry was able to achieve in 2010. Sneakers provide the global shoe industry with a $55 billion secondary market.

The Jordan brand represents about 90% of the sales that occur in the segment each year.

When shoe industry customers were asked if they made a purchase because of the social mission of a brand, 27% of respondents in a 2018 survey said that they did. ""I think the cool thing about the relationship between brands and marketplaces is the answer is limitless. (Footwear Distributors and Retailers of America)#38. The market has gotten more obscure in my opinion. That represented about 2% of the overall market volume. (Forbes)#13. Important Sneaker Industry Statistics #1. You could also pick up a pair of Air Jordan 10 Retro Drave OVOs for about $4,000. About 1 in every 10 Google searches are for a shoe made by this brand. "Chunky sneakers and dad shoes will be beaten to death over the next few months, and then a new trend will follow. It will continue to happen in some capacity for brands at any level; whether it's for specific drops, pop-ups, or activations, it's inevitable the brands will find their footing in partnership with the resale market.

37% of total sales occur because consumers need to replace their current shoes for some reason. About 4% of all of the branded sneakers that become available for sale in the United States will eventually reach the secondary market.

(PBS)#29. (Statista)#18. China produces about 13.5 billion pairs of shoes every year, which leads the world in total footwear production. 21% of consumers say that they shop online for their footwear needs instead of at a shoe store because the price they found either met or exceeded their expectations. (Footwear Distributors and Retailers of America)#22. (Statista) #2. Over $15 million in sales occur in the state each year. (Statista)#5.

Before going out of business, Payless was ranked the 17th-largest provider of footwear dollar sales in the United States. "The As your average sneaker consumer diversifies, it's clear the innovations in the market are capable of keeping up — from a product, buying behavior, advertising and technological standpoint — and that there's money being thrown behind it to do so.

(Footwear Distributors and Retailers of America)#39. How a Single Pair of Sneakers Explains the Booming Billion-Dollar Sneaker Resale Industry.

Revenues in the Chinese footwear market totaled $58.3 billion in 2018. 52% of shoe industry customers say that they plan to spend less on shoes in the coming year compared to what they spent in the previous year. "This also is what Metzger is looking forward to. (Sports Business Daily)#34. In terms of unit sales, the company accounted for 4% of all pairs sold in the U.S. in 2018. It is a product that provides comfort for people of all ages, races, gender identities, and ethnicities, which means it is one of the few products that brings us together.As the cost of manufacturing continues to rise in southeast Asia due to changes in local minimum wage laws, revenues for the shoe industry will continue to rise to meet the expectations of rising costs. Out of a $180 billion global market, Americans contribute over 50% to shoe producers, retailers, and distributors every year.

(PBS)#28. (They're more fair.) (Forbes)#11. Over 150 million pairs of sneakers are imported by the United States each year from Vietnam, which represents about one-third of the overall shoe market for Americans each year. (Statista)#21. 60% of the shoes that are on the secondary market right now belong to the Nike brand, with many of them rated as the most valuable shoes of their category.