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The used clothing industry was worth 70.45 billion USD in 2023. During the projection period (2024–2031), the secondhand apparel market is expected to expand from USD 81.32 billion in 2024 to USD 250.0 billion by 2031, representing a compound yearly growth rate (CAGR) of 16.10%. Key market drivers promoting industry growth include the increasing use of online marketplaces for second-hand clothing and the growing awareness of the benefits of buying used apparel.
There has been a recent uptick in the popularity of vintage clothing, which is part of a larger trend in the rapidly developing fashion business. The path to self-sufficiency has altered consumers' views on what constitutes attractiveness. Customers are increasingly drawn to a wide range of clothing options as they strive to improve their self-esteem through the selection of higher-quality garments and fashionable accessories.
More and more, people are realizing that buying used garments is better for the environment than buying brand new ones. Consequently, the demand for pre-owned clothing has skyrocketed in recent years, and this trend is expected to persist during the forecast period. Similarly, top brands are using e-commerce sites to reach a wider audience and boost revenue. To take advantage of these new prospects, new start-ups are now flooding the market. Over the next decade, this will help the market expand even further.
The buying and selling of pre-owned clothing diverts a mountain of gently used items from overflowing landfills and trash cans. Organic cotton, wool obtained in a responsible manner, regenerated cashmere, and other recycled materials make it up. Refurbished garments are powered by solar equipment on the assembly line, and recyclable materials are used for packing. Sustainable jeans and t-shirts are only two examples of the high-quality outdoor apparel that other famous brands provide, which is made from a combination of natural and recycled materials. Outerwear made of recycled polyester is also available, as are fair trade sweaters crafted from recycled cashmere, cotton, and polyester.
As a result of rising customer demand, digital resale is quickly becoming the next big thing in clothes, with peer-to-peer trading taking place on sites like Tradesy and Poshmark. Lots of people buy pre-owned clothes. Luxury brand resellers are on the lookout for strategic alliances and direct collaborations to become the go-to distribution platform.
Customers can buy and sell designer labels like Louis Vuitton, Hermes, Chanel, and Chanel on an online marketplace for authorized luxury consignment, which is provided by The RealReal and the Vestiaire Collective. More and more, manufacturers are turning to online channels to reach a wider audience and increase sales. The same holds true for the abundance of pre-owned apparel on online marketplaces, which allow shoppers to peruse a wide selection without leaving the comfort of their own homes. The secondhand clothes industry is expected to receive a substantial boost during the projected period from this.
More and more people are realizing that secondhand clothes have many benefits. This is because consumers have become more conscious of the ways in which buying pre-owned apparel helps preserve natural resources, reduces pollution, and stimulates regional economies. More and more people are turning to online marketplaces to acquire and sell their gently used goods. Because these platforms make it easy to find gently worn, high-quality clothes at affordable prices, they have become increasingly popular. The number of stores that sell pre-owned clothing has grown in recent years. Great selection of gently used, high-quality clothing from popular brands is available at these stores at affordable prices.
Report Coverage
Global Secondhand Apparel research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Secondhand Apparel report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Secondhand Apparel competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Secondhand Apparel market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Secondhand Apparel market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Secondhand Apparel market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, ma, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc., British Used Clothing Company., A&E Used Clothing Wholesale, Mobacotex, Tradesy, StockX.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Secondhand Apparel market based on the below-mentioned segments:
Global Secondhand Apparel Market, By Type
Dresses & Tops
Shirts & T-shirts
Sweaters, Coats & Jackets
Jeans & Pants
Others
Global Secondhand Apparel market, By Sales Channel
Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channel
Global Secondhand Apparel market, Regional Analysis
There has been a recent uptick in the popularity of vintage clothing, which is part of a larger trend in the rapidly developing fashion business. The path to self-sufficiency has altered consumers' views on what constitutes attractiveness. Customers are increasingly drawn to a wide range of clothing options as they strive to improve their self-esteem through the selection of higher-quality garments and fashionable accessories.
More and more, people are realizing that buying used garments is better for the environment than buying brand new ones. Consequently, the demand for pre-owned clothing has skyrocketed in recent years, and this trend is expected to persist during the forecast period. Similarly, top brands are using e-commerce sites to reach a wider audience and boost revenue. To take advantage of these new prospects, new start-ups are now flooding the market. Over the next decade, this will help the market expand even further.
The buying and selling of pre-owned clothing diverts a mountain of gently used items from overflowing landfills and trash cans. Organic cotton, wool obtained in a responsible manner, regenerated cashmere, and other recycled materials make it up. Refurbished garments are powered by solar equipment on the assembly line, and recyclable materials are used for packing. Sustainable jeans and t-shirts are only two examples of the high-quality outdoor apparel that other famous brands provide, which is made from a combination of natural and recycled materials. Outerwear made of recycled polyester is also available, as are fair trade sweaters crafted from recycled cashmere, cotton, and polyester.
As a result of rising customer demand, digital resale is quickly becoming the next big thing in clothes, with peer-to-peer trading taking place on sites like Tradesy and Poshmark. Lots of people buy pre-owned clothes. Luxury brand resellers are on the lookout for strategic alliances and direct collaborations to become the go-to distribution platform.
Customers can buy and sell designer labels like Louis Vuitton, Hermes, Chanel, and Chanel on an online marketplace for authorized luxury consignment, which is provided by The RealReal and the Vestiaire Collective. More and more, manufacturers are turning to online channels to reach a wider audience and increase sales. The same holds true for the abundance of pre-owned apparel on online marketplaces, which allow shoppers to peruse a wide selection without leaving the comfort of their own homes. The secondhand clothes industry is expected to receive a substantial boost during the projected period from this.
More and more people are realizing that secondhand clothes have many benefits. This is because consumers have become more conscious of the ways in which buying pre-owned apparel helps preserve natural resources, reduces pollution, and stimulates regional economies. More and more people are turning to online marketplaces to acquire and sell their gently used goods. Because these platforms make it easy to find gently worn, high-quality clothes at affordable prices, they have become increasingly popular. The number of stores that sell pre-owned clothing has grown in recent years. Great selection of gently used, high-quality clothing from popular brands is available at these stores at affordable prices.
Report Coverage
Global Secondhand Apparel research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Secondhand Apparel report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Secondhand Apparel competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Secondhand Apparel market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, ma, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc., British Used Clothing Company., A&E Used Clothing Wholesale, Mobacotex, Tradesy, StockX. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Secondhand Apparel Market from 2021 to 2031.
- Market Forecast for Secondhand Apparel Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Secondhand Apparel competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Secondhand Apparel
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Secondhand Apparel market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Secondhand Apparel market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, ma, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc., British Used Clothing Company., A&E Used Clothing Wholesale, Mobacotex, Tradesy, StockX.
Primary Target Market
- Market Players of Secondhand Apparel
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Secondhand Apparel market based on the below-mentioned segments:
Global Secondhand Apparel Market, By Type
Dresses & Tops
Shirts & T-shirts
Sweaters, Coats & Jackets
Jeans & Pants
Others
Global Secondhand Apparel market, By Sales Channel
Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channel
Global Secondhand Apparel market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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