The global market for Secondhand Apparel was valued at US$205 Billion in 2024 and is projected to reach US$430.8 Billion by 2030, growing at a CAGR of 13.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The appeal of secondhand apparel extends beyond environmental benefits, offering economic advantages to both buyers and sellers. For buyers, secondhand clothing is often significantly cheaper than new items, making it accessible to a broader audience. For sellers, it provides an opportunity to declutter their wardrobes and earn money from items they no longer wear. Additionally, the stigma once associated with wearing used clothing has diminished, as fashion influencers and celebrities openly endorse thrift shopping and vintage fashion. This shift in perception has been bolstered by the rise of social media, where individuals proudly share their secondhand finds and promote sustainable fashion choices. As a result, secondhand apparel has become a fashionable and socially conscious choice for many consumers.
The growth in the secondhand apparel market is driven by several factors. One of the primary drivers is the increasing consumer demand for sustainable and ethical fashion options, as awareness of the environmental and social impacts of fast fashion continues to rise. Technological advancements, particularly the proliferation of online marketplaces and mobile apps, have made buying and selling secondhand clothing more accessible and convenient. The economic downturns and financial uncertainties brought about by global events like the COVID-19 pandemic have also led more consumers to seek cost-effective shopping alternatives. Furthermore, the expanding middle class in emerging economies is driving demand for affordable yet stylish clothing, contributing to the growth of the secondhand market. Additionally, fashion brands and retailers are beginning to embrace the resale model, integrating secondhand offerings into their business strategies to attract eco-conscious consumers. These factors collectively ensure that the secondhand apparel market will continue to expand, reflecting broader shifts in consumer behavior and industry practices towards sustainability and value-driven shopping.
Secondhand Apparel - Key Trends and Drivers
Secondhand apparel has emerged as a significant segment within the fashion industry, driven by a growing awareness of sustainability and economic pragmatism. Consumers are increasingly turning to secondhand clothing as an eco-friendly alternative to fast fashion, which is notorious for its environmental impact. Secondhand shops, thrift stores, and online platforms like Depop, ThredUp, and Poshmark offer a wide variety of pre-owned clothing, catering to diverse tastes and budgets. These platforms not only provide consumers with access to unique and vintage items but also enable them to extend the lifecycle of garments, thereby reducing waste. The rise of the circular economy concept, where resources are reused and recycled, has further popularized secondhand apparel as a viable and responsible shopping option.The appeal of secondhand apparel extends beyond environmental benefits, offering economic advantages to both buyers and sellers. For buyers, secondhand clothing is often significantly cheaper than new items, making it accessible to a broader audience. For sellers, it provides an opportunity to declutter their wardrobes and earn money from items they no longer wear. Additionally, the stigma once associated with wearing used clothing has diminished, as fashion influencers and celebrities openly endorse thrift shopping and vintage fashion. This shift in perception has been bolstered by the rise of social media, where individuals proudly share their secondhand finds and promote sustainable fashion choices. As a result, secondhand apparel has become a fashionable and socially conscious choice for many consumers.
The growth in the secondhand apparel market is driven by several factors. One of the primary drivers is the increasing consumer demand for sustainable and ethical fashion options, as awareness of the environmental and social impacts of fast fashion continues to rise. Technological advancements, particularly the proliferation of online marketplaces and mobile apps, have made buying and selling secondhand clothing more accessible and convenient. The economic downturns and financial uncertainties brought about by global events like the COVID-19 pandemic have also led more consumers to seek cost-effective shopping alternatives. Furthermore, the expanding middle class in emerging economies is driving demand for affordable yet stylish clothing, contributing to the growth of the secondhand market. Additionally, fashion brands and retailers are beginning to embrace the resale model, integrating secondhand offerings into their business strategies to attract eco-conscious consumers. These factors collectively ensure that the secondhand apparel market will continue to expand, reflecting broader shifts in consumer behavior and industry practices towards sustainability and value-driven shopping.
Report Scope
The report analyzes the Secondhand Apparel market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Product (Dresses & Tops, Shirts & T-Shirts, Sweaters, Coats & Jackets, Other Products); End-Use (Women End-Use, Men End-Use, Kids End-Use).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Dresses & Tops segment, which is expected to reach US$168.1 Billion by 2030 with a CAGR of a 13.4%. The Shirts & T-Shirts segment is also set to grow at 12.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $55.3 Billion in 2024, and China, forecasted to grow at an impressive 17.7% CAGR to reach $95.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AB Lindex, Chikatex SL, Depop Limited, Etsy, Inc., H&M Group and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Secondhand Apparel Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Secondhand Apparel Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Secondhand Apparel Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 51 major companies featured in this Secondhand Apparel market report include:
- AB Lindex
- Chikatex SL
- Depop Limited
- Etsy, Inc.
- H&M Group
- Micolet Web, SL
- Mobacotex, S.L
- Poshmark, Inc.
- thredUP, Inc.
- Thrift+
- Uniqlo Co., Ltd.
- Vestiaire Collective
- Vinted Inc
- Wallapop
- Zalando
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Lindex
- Chikatex SL
- Depop Limited
- Etsy, Inc.
- H&M Group
- Micolet Web, SL
- Mobacotex, S.L
- Poshmark, Inc.
- thredUP, Inc.
- Thrift+
- Uniqlo Co., Ltd.
- Vestiaire Collective
- Vinted Inc
- Wallapop
- Zalando
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 294 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 205 Billion |
| Forecasted Market Value ( USD | $ 430.8 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
