Global Secondhand Apparel Market 2024-2028
The secondhand apparel market is forecasted to grow by USD 183.54 bn during 2023-2028, accelerating at a CAGR of 14.76% during the forecast period. The report on the secondhand apparel market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by sustainability and ethical practices, increased visibility and acceptance of secondhand fashion on social media platforms, and increased mergers and acquisitions among vendors and retailers.
Technavio's secondhand apparel market is segmented as below:
- By End-user
- Women
- Men
- Kids
- By Type
- Traditional thrift stores
- Donations
- Resale
- By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rise of resale platforms for used clothes as one of the prime reasons driving the secondhand apparel market growth during the next few years. Also, the emergence of clothing rental and subscription services and the expanding retail apparel industry will lead to sizable demand in the market.
The report on the secondhand apparel market covers the following areas:
- Secondhand apparel market sizing
- Secondhand apparel market forecast
- Secondhand apparel market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading secondhand apparel market vendors that include Amazon.com Inc., ASOS Plc, Bahaal Technologies Pvt Ltd, Depop Ltd., eBay Inc., Etsy Inc., Goodwill Industries International, Hennes and Mauritz AB, leboncoin, Patagonia Inc., Poshmark Inc., SHEIN, The RealReal Inc., The Salvation Army, ThredUp Inc., UNIQLO India Pvt. Ltd., Vestiaire Collective, VINTED INC., Wallapop, and Zalando SE. Also, the secondhand apparel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.