Second Hand Footwear Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global second hand footwear market is on a remarkable growth trajectory during forecast period. By the end of 2031, the market is expected to reach a valuation of US$ 41 billion, a significant leap from US$ 15 billion in 2024.
Sustainable Fashion Trend Fuels Demand
The burgeoning trend of sustainable fashion is a driving force behind the surge in the second hand footwear market. Sustainable fashion, synonymous with eco-consumption, is reshaping consumers' attitudes towards second hand footwear. Conscious clothing choices and sustainability-focused consumers now view second hand footwear as a means to express individuality and uniqueness through fashion.
Apart from its sustainability aspect, the growing penchant for vintage fashion is also propelling the demand for second-hand footwear. The allure of vintage fashion is captivating fashion designers and consumers alike, invoking nostalgic feelings and memories associated with vintage fashion products.
Country-wise Insights
U.S. Second Hand Footwear Market: Despite the positive trends, a lingering negative stigma around second hand footwear usage has led some consumers in the U.S. to hesitate in adopting it. For some, it represents self-expression and environmental responsibility, while others perceive it as unfashionable and associated with lower status. These mixed perceptions are resulting in stabilized market growth in the U.S.
Sustainability in the U.K.: In the United Kingdom, a growing number of environmentally conscious consumers are driving demand for second hand footwear. As sustainability gains importance, the act of putting used products back into circulation plays a pivotal role in maintaining ecological balance. Textile treatment and rubber production have adverse environmental effects, making the sustainability aspect a key driver of second hand footwear consumption in the U.K.
France's Luxury Influence: Europe is witnessing steady growth in second-hand footwear sales, with France emerging as a prominent market. The French market is benefiting from the active participation of renowned brands and luxury companies in the second hand fashion movement. Many luxury brands in France are actively promoting sustainability, contributing to the market's growth. Recycling and putting items back into circulation are being recognized as essential for a sustainable fashion industry.
Competitive Landscape
The second hand footwear market is characterized by its unorganized nature, but it is experiencing significant growth with the emergence of online reselling platforms.
Key Companies Leading the Way
• ThreadUp Inc.
• The RealReal Inc.
• Poshmark Inc.
• Vestiaire de Copines SA
• Rebelle Company
• Vintage-United Company
• Labellov Authentic Luxury Company
• Etsy Inc.
• Quikr India Pvt Ltd.
• Farfetch UK Ltd
• Bank & Vogue Ltd
• Among Others
Key Segments Covered in Second Hand Footwear Industry Research
Second Hand Footwear Market by Product Type:
• Athletic Second hand Footwear
• Non-athletic Second Hand Footwear
Second Hand Footwear Market by Consumer Orientation:
• Second Hand Footwear for Men
• Second Hand Footwear for Women
• Second Hand Footwear for Kids
Second Hand Footwear Market by Price Range:
• Mass Second Hand Footwear
• Premium Second Hand Footwear
Second Hand Footwear Market by Sales Channel:
• Online Sales of Second Hand Footwear
• Offline Sales of Second Hand Footwear
Second Hand Footwear Market by Region:
• North America Second Hand Footwear Market
• Latin America Second Hand Footwear Market
• Europe Second Hand Footwear Market
• East Asia Second Hand Footwear Market
• South Asia Second Hand Footwear Market
• Oceania Second Hand Footwear Market
• MEA Second Hand Footwear Market
Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.