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The global secondhand apparel market size is estimated to grow by USD 183.54 billion, at a compound annual growth rate of 14.76% between 2023 and 2028. The growing popularity of specialized online resale platforms in the market indicates a trend toward curated collections and enhanced purchasing experiences. Further, platforms such as ThredUP and The RealReal demonstrate this trend by selecting high-quality, used apparel and providing a more organized and user-friendly buying environment. Moreover, digital resale is complemented by traditional retail outlets such as wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, and independent small stores. These outlets offer diverse sales channels alongside departmental stores and other sales channels to cater to various consumer preferences and market segments.
Furthermore, advancements in automation enable features like sleep mode, optimizing energy usage and reducing reliance on non-renewable resources like natural gas and electricity. Alongside this, companies focus on optimizing their global supply chain, ensuring sustainable practices from sourcing raw materials to reducing delivery time and emissions. Addressing indoor air quality concerns, solutions like air ventilators, air cleaners, and air filtration systems like Ensavior combat air pollution and minimize risks such as virus spread while maintaining ozone levels for healthier environments.
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The women segment will account for a major share of the market's growth during the forecast period. The growing emphasis on sustainable fashion and circular economy models has increased women purchasing pre-owned apparel. This trend is influenced by factors such as environmental consciousness, a desire for unique fashion statements, and cost-effectiveness. Women seeking both style and eco-friendly options may find a varied range of secondhand apparel on online platforms and in dedicated thrift stores. The women segment was valued at USD 42.62 billion in 2018. Acceptance and normalization of shopping for secondhand clothing within the fashion industry have cemented the considerable position of the women’s segment in the market, positively affecting its trajectory and supporting a sustainable approach to global fashion consumption. As a result, the women’s end-user segment is expanding rapidly and is expected to drive the growth of the global secondhand apparel market during the forecast period.
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The secondhand apparel market is segmented by type into two categories such as traditional thrift stores and donations, and resale.
APAC is estimated to contribute 46% during the forecast period.
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Technavio’s market research report analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The secondhand apparel market in APAC is booming due to several significant factors. The demand for secondhand apparel has increased as more customers are inclined toward sustainable and circular fashion concepts. Secondhand apparel is becoming more popular due to rising environmental consciousness and a desire for distinctive and vintage fashion products.
Furthermore, consumers shopping for secondhand apparel in APAC's diverse and culturally rich marketplaces look at the lower price and reduced environmental impact. Growing awareness about the environmental impact of fast fashion promotes the growth of the secondhand apparel market in the region, offering a favorable backdrop for the sustained growth of the market in APAC during the forecast period.
The market is being driven by the growing emphasis on sustainability and ethical practices within the fashion industry, influencing consumers' perceptions and behaviors towards embracing secondhand clothing. A prominent trend in this market is the rise of resale platforms such as Tradesy and Poshmark, offering digital resale avenues for used clothes and vintage clothing. However, the market faces challenges related to supply chain complexity, especially concerning the sourcing of raw materials and the intricacies of delivery time and production processes. With market research and growth indicating significant potential over the forecast period, start-ups and established players alike are investing in research and development to diversify their product lines and cater to evolving consumer preferences. Moreover, policy support for sustainability initiatives, coupled with advancements in smart equipment, analytics, and automation such as those offered by Hisense, IntelliPro, and CoolingXpert, is driving innovation to mitigate greenhouse gas emissions and enhance indoor air quality. As concerns over air pollution and virus spread persist, technologies like air ventilators, air filtration systems, airflows, and air clean solutions provided by companies like Ensavior are becoming increasingly vital in creating healthier environments, particularly in cold regions where heat pumps and natural gas or electricity usage are common.
Sustainability and ethical practices are the key factors driving market growth. Consumers are becoming more aware of the environmental impact of fast fashion and, as a result, are embracing secondhand clothing as a sustainable option. Individuals who buy used and secondhand clothing help reduce textile waste and the overall carbon footprint connected with the production of apparel and the overall textile industry.
Moreover, this market growth and trends may be seen in the rise of eco-conscious influencers who promote thrift clothes on social media, as well as fashion firms that adopt circular economy concepts by encouraging the resale of apparel. The trend toward sustainability coincides with the desire of consumers to make ecologically responsible decisions, thereby fueling the appeal of secondhand clothing as a mainstream and eco-friendly fashion alternative. Hence, increased demand for sustainable apparel may drive market growth during the forecast period.
The rise of resale platforms for used clothes is the primary trend shaping market growth. The growing popularity of specialized online resale platforms in the market indicates a trend toward curated collections and enhanced purchasing experiences. Further, platforms such as ThredUP and The RealReal demonstrate this trend by selecting high-quality, used apparel and providing a more organized and user-friendly buying environment.
Moreover, the resale trend corresponds to the growing number of environmentally conscious consumers who prioritize sustainability without sacrificing their inclination for a customized, personalized, and hassle-free apparel purchasing experience. Hence, the rise in the number of resale platforms for used clothes is expected to have a positive impact on the growth of the market during the forecast period.
Supply chain complexity is a challenge that affects market growth. Secondhand clothing items originate from a variety of sources, including thrift stores, individual sellers, and donation centers, as opposed to typical retail, which has standardized supply chains. Maintaining consistency in the inventory becomes difficult as the quality and style of secondhand apparel vary greatly. A consignment shop, for example, may accept high-end designer products alongside more commonplace brands, resulting in a diverse assortment of secondhand clothing.
Additionally, overcoming this difficulty will necessitate comprehensive classification and sorting practices, quality control measures, and technological solutions to expedite inventory management and provide consumers with a more seamless and dependable purchasing experience. Thus, the complexity of supply chains is expected to be a challenge that can hamper the growth of the market during the forecast period.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Amazon.com Inc.: The company offers secondhand apparel such as 8820 Mens super combed cotton round neck sleeveless vest, 2400 Mens Super combed cotton rich half sleeved thermal undershirt, 1222 Mens Super combed mercerized cotton woven checkered boxer shorts.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 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
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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The market is experiencing a renaissance driven by changing consumers' perceptions and the rise of online sales platforms. Start-ups are capitalizing on the used clothing market, offering vintage clothing and retro styles to appeal to Generation Z and Millennials seeking individuality. Eco-fashion is at the forefront, promoting circularity and resource conservation. Technologies like AI and AR enhance online shopping experiences, while rental platforms and subscription-based secondhand clothing industries provide affordability and variety.
Moreover, strategic partnerships between fashion brands and digital marketplaces boost sales and availability. Consumers benefit from reasonable pricing and access to high-quality used clothing. Notable players like Genesco and Tradesy drive the market forward, focusing on sustainable fashion and transparency. Second-hand designer shoes and bags markets are thriving, offering luxury brands at a fraction of the cost. Online retailers like StockX cater to diverse product types, from outerwear to accessories. The market's projection period sees a significant boost as more people recognize the advantages of used clothing in reducing carbon emissions and environmental pollution while supporting the local economy.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.76% |
Market Growth 2024-2028 |
USD 183.54 billion |
Market structure |
Fragmented |
YoY growth (%) |
14.56 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, market growth analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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