Global Second Hand Apparel Market size was valued at USD 45.3 Billion in 2024 and is expected to reach USD 126.6 Billion by 2033, at a CAGR of 10.4% during the forecast period 2024 – 2033.
Second Hand Apparel Market: Overview
Second-hand clothes are clothing that has already been owned or worn by someone else and is being resold or handed down to another person rather than being discarded.
A noteworthy global trend in the second-hand clothing sector is the rising acceptance and use of sustainable fashion principles. The growing awareness of environmental problems, along with a desire to decrease waste and lower the carbon footprint of clothing consumption, has boosted the appeal of pre-owned items.
Customers are increasingly turning to second-hand clothing as a more environmentally responsible alternative to fast fashion, motivated by a desire for unique trends, affordability, and a feeling of social responsibility.
Furthermore, the proliferation of online resale platforms and smartphone applications has made it simpler than ever for people to purchase and sell used clothing, democratizing access to sustainable fashion alternatives.
This movement is altering the fashion sector, as more designers and stores explore circular economy models and include second-hand deals in their business strategies to meet evolving consumer preferences and contribute to a more sustainable future.
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By product type, dresses and tops segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A prevalent trend in dresses and tops is a push towards sustainable and ethical fashion methods, with customers more interested in eco-friendly fabrics, timeless designs, and open supply chains.
By end user, the women segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major trend in women’s second-hand clothes is the rising popularity of online platforms and marketplaces, which provide a diverse range of economical and sustainable fashion alternatives, promoting convenience and conscientious purchasing.
By sales channel, the online retailer’s segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. An emerging trend in online retail is the use of augmented reality (AR) and virtual reality (VR) technology to improve the shopping experience by allowing shoppers to virtually try on things before purchasing.
In North America, one noticeable trend is the growing popularity of sustainable fashion, which is driving development in the second-hand garment sector as customers prioritize eco-friendly and ethically sourced clothing alternatives.
ASOS Marketplace is home to over 900 small companies, spanning independent brands and antique stores from 50 different countries.
CMI has comprehensively analyzed the Global Second Hand Apparel market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Second Hand Apparel industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Second Hand Apparel Market:
- ThredUp
- Poshmark
- The RealReal
- Vestiaire Collective
- Depop
- eBay Inc.
- Tradesy
- ASOS Marketplace
- Vinted
- Grailed
- Mercari
- Rebelle
- Crossroads Trading
- Micolet
- LePrix
- SnobSwap
- Vinted
- Material World
- Heroine
- Threadflip
- Others
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