Used Goods Stores in the US - Market Research Report

Hidden treasure: Used goods stores will become more specialized in response to heightened competition

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Used goods stores have experienced swelling revenue through most of the five years through the end of 2023. These stores have historically performed countercyclically to the overall economy, but as income levels and consumer confidence surged early during the current period, used good store revenue continued to climb. Revenue also swelled because of changing consumer and fashion trends, leading to an influx of demand from young consumers. Moreover, numerous social media outlets and TV shows dedicated to altering or selling used merchandise have become popular through the end of 2023, driving consumer demand for used goods stores' products. However, these stores experienced substantial challenges amid COVID-19, pushing down used good store revenue in 2020. Overall, used good store revenue will strengthen at a CAGR of 4.6% to $28.7 billion through the end of 2023, including a 1.1% swell in 2023 alone. Used goods stores collect or purchase used merchandise and sell these goods directly to consumers. Used good stores include thrift stores and pawnshops, but excludes stores that sell secondhand motor vehicles and parts like automobiles, recreational vehicles, motorcycles, boats and tires.