So far, most of the large-scale European and American second-hand platforms have little exposure in the Asian market. According to a report by Bain & Company, by 2025, 45% of global luxury consumption will take place in China. According to Nielsen data, from 2015 to 2017, the consumption scale of China's street fashion market rose to 62%, which was 3.7 times higher than that of other countries.
"I know that the market size of China's sneakers alone exceeds 1 billion US dollars," Josh Luber emphasized that StockX is currently expanding the Japanese market, while maintaining a dialogue with potential targets in the Chinese market.
China could be the next big frontier market for sneakers American sneaker fans may soon face stiff competition. China is gradually becoming an important market for first-hand and second-hand sneakers. A recent survey by The Cowan Group shows that China's growth in first-hand and second-hand sneaker sales continues to go global. China, especially Shanghai, is becoming a huge frontier market for the global sneaker industry.
