Latest News- Secondhand Apparel Market: Women is expected to lead the End-user segment during 2025-2029

The Secondhand Apparel Market is being driven by Sustainability and ethical practices

The Secondhand Apparel Market is expected to grow at a CAGR of 14.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 212.1 billion. The secondhand apparel market is witnessing a significant shift towards specialized online resale platforms, with consumers seeking curated collections and enhanced purchasing experiences. These platforms, such as ThredUP and The RealReal, offer high-quality, used apparel and provide a more organized and user-friendly buying environment. By utilizing smart algorithms and skilled curation, these sites offer buyers a carefully selected assortment of secondhand apparel, ensuring both style and quality. This trend aligns with the increasing number of environmentally conscious consumers who prioritize sustainability without compromising their preference for a personalized, hassle-free apparel purchasing experience. 

Get more information on Secondhand Apparel Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Women
  • Men
  • Kids
• Type
  • TTSD
  • Resale
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Sustainability and ethical practices
• Increased visibility and acceptance of secondhand fashion on social media platforms
• Increased mergers and acquisitions among vendors and retailers

However, the market also witnesses some limitations, which are as follows:

• Supply chain complexity
• Changes in trade policies
• Rising labor costs

Benefits of Buying Global Secondhand Apparel Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Secondhand Apparel Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The used clothing market, encompassing secondhand and vintage apparel, is experiencing a shift in consumer perceptions towards sustainability. Online sales platforms like Tradesy and Poshmark lead the digital resale wave, with start-ups and wholesalers/distributors also playing key roles. Key drivers include policy support, greenhouse gas emissions reduction, and smart equipment. Market players focus on research and development, expanding product lines, and improving delivery times. In cold regions, heat pumps and natural gas are used, while electricity powers cooling systems like Heat Pumps by Hisense, IntelliPro, and CoolingXpert. Air ventilators, air cleaners, and airflows ensure optimal conditions for Ensavior's inventory. The global supply chain relies on raw materials and efficient delivery systems, with various sales channels including hypermarkets/supermarkets, multi-brand stores, independent small stores, departmental stores, and online retailers.

Market Research Overview

The secondhand apparel market, a segment of the larger global textiles, apparel, and luxury goods market, encompasses companies dealing in the sale and rental of pre-owned clothing, vintage apparel, and accessories. Factors driving market growth include the increasing popularity of eco-fashion among Generation Z and millennials, rising internet usage leading to increased online sales platforms, and the affordability of used clothing. Additionally, consumer perceptions of individuality, craftsmanship, and nostalgia contribute to the appeal of this market. Technavio forecasts market growth due to the increasing working women population, resulting in increased disposable income and spending power on apparel, accessories, and luxury goods. Furthermore, the emergence of start-ups, rental platforms, and marketplaces, as well as the circular economy's emphasis on sustainability, also bolster market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/