Apparel Resale Market Analysis and Forecast 2032: By Product Type (Clothing, Foot Wear, Accessories), Target Population (Men, Women, Kids), and Region
The Apparel Resale Market was valued at US$ 71.2 billion in 2022 and it is anticipated to grow up to US$ 282.7 billion by 2032, at a CAGR of 14.8% during the forecast period.
Trends in the fashion business change often these days, and celebrities and influencers encourage others to dress in contemporary apparel. However, not everyone can afford to buy high-end goods from a retail store. As a result, people choose to buy used apparel, which is projected to lessen the need for rapid fashion. Businesses are always devising new tactics to retain the attention of millennials, who are expected to outnumber boomers in the coming years. Companies are always analyzing everything from cost structure to storefront remodeling to adopting the Internet platform.
Apparel Resale Market Scope and Report Structure
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | $71.2 bn |
| Market Size in 2032 | $282.7 bn |
| Growth Rate (2023-32) | 14.8% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Product Type, Target Population, and Region |
| Key Companies | Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc. , and British Used Clothing Company among others. |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Market Drivers and Trends
The number of people trying to engage in more sustainable garment purchases is growing, and for others, this means purchasing more used items. Many buyers are additionally contemplating how they will dispose of their apparel and footwear, and rather than tossing them out, they are selling or donating them to charity. This increased supply and demand is going to push the apparel resale market forward. The internet channel will also assist to make secondhand purchases more simple and widespread, especially among younger customers.
Furthermore In-house resale services, authentication, altering trainer resale market, value and lower-mass buyers, and physical shop success tactics are the important trends in the clothing resale industry. Apparel resale marketplaces remain the primary source of pre-owned clothing in less developed nations such as Malaysia and Thailand. Because retail internet penetration in these locations is still relatively low, online resale platforms have yet to acquire popularity. These drivers are likely to propel market expansion.
Market Restraints and Challenges
While the global garment resale industry will decelerate in the projection years as it grows older, it will still grow by double digits as resale platforms extend to new countries. Also, the rising inflation threatens the global apparel resale market because of dwindling discretionary incomes, some consumers may turn to resale to buy more affordable clothing, especially since value brands like PrettyLittleThing, Kiabi, and Primark have recently begun resale initiatives.. Hence, these factors are expected to restrain growth of the market during the forecast period.
Apparel Resale Market Segmental Overview
The report analyses the Apparel Resale Market based on clothing type, target population, and region.
Apparel Resale Market by Product Type
Based on product type, the Apparel Resale Market is segmented into clothing, footwear, and accessories. The clothing segment is expected to dominate the market during the forecast period. This is due to the growing global popularity of recycled dresses and tops, particularly among women. The market is predicted to expand in the coming years as consumer preferences evolve, creating an abundance of demand for gowns and tops among women. Consumers have become more aware of the environmental impact of clothes production and are growing more demanding that apparel manufacturers enhance their dedication to sustainability.
Apparel Resale Market by Target Population
By target population, the market is classified into men, women, and kids. The women segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. Women are increasingly flocking to secondhand sites as they seek to look for bargains and make an attempt to spend less. Secondhand clothing is far less expensive than brand-new garments, and because they are less expensive, ladies may afford to acquire higher quality without investing too much. Similarly, as knowledge grows, women are realizing the environmental benefits of wearing used clothing. They are opting for used clothing to limit the quantity of garments that wind up in landfills.
Regional Analysis of Apparel Resale Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific has the biggest market share in terms of Apparel Resale Market value followed by North America. This is due to the confluence of increased access to the internet and a high market for luxury and unusual items. China and South Korea will witness the most rapid development in the area, owing to their existing internet infrastructures, which will allow them to fully capitalize on the growing number of online resale marketplaces. Furthermore, the rise in the number of aware consumers, increased penetration of online businesses that allow individuals to purchase and sell pre-owned items, including garments, and the strong presence of prominent pre-loved clothing suppliers are driving the garment resale market in the North American contingent.
Major Players in the Apparel Resale Market
The key players studied in the Apparel Resale Market are Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc., and British Used Clothing Company, among others.
COVID-19 Impact
While the retail business has been severely impacted by COVID-19, the global apparel resale market has fared well in the face of the epidemic. With over $64 billion in sales over the next five years, the resale sector is predicted to develop five times faster than the quick fashion business by 2029. Nonetheless, throughout the worldwide epidemic, consumers were relegated to their homes, lost their jobs, and had to raise their expenditure on necessities.
Recent Developments
- In 2022, H&M introduced a new second-hand clothes offer in Sweden, including apparel from H&M Group companies in addition to third-party labels including ASOS, Nike, and Zara.
- In 2020, To compete with The RealReal, Tradesy, a designer reseller, purchased Fitz, a styling service. Fitz has been rebranded as Tradesy wardrobe Designer, a new menu option that enables sellers to hire an expert stylist to maintain and tidy their wardrobe as they sell.
- In 2019, Farfetch collaborated with Thrift+, a resale site, to enable customers to donate unwanted items to charity in return for store credit. Thrift+ is an online apparel retailer that donates a percentage of its revenues to one of the UK’s 160,000 recognized nonprofit organizations. It is a Dream Assembly participant in Farfetch’s technological accelerator program.
Apparel Resale Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current Apparel Resale Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of Apparel Resale Market in terms of revenue ($Billion).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Apparel Resale industry.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country market analysis is also presented in this report.
- Analytical depiction of the Apparel Resale Market along with the current trends and future estimations to depict imminent investment pockets. The overall Apparel Resale industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Apparel Resale Market are also analyzed.
Frequently Asked Questions
Q1. How big is the Apparel Resale Market?
Ans. The Apparel Resale Market size was US$ 71.2 billion in 2022 and is anticipated to reach US$ 282.7 billion in 2032, growing at a rate of 14.8% from 2022 to 2032.
Q2. What is the Apparel Resale Market growth rate?
Ans. The growth rate of the Apparel Resale Market is 14.8% from 2022 to 2032.
Q3. Which region holds a major market share for the Apparel Resale Market?
Ans. Asia Pacific holds a major market share of the Apparel Resale Market in 2022.
Q4. Which segment accounted for the largest Apparel Resale Market share?
Ans. Based on product type, the Apparel Resale Market is segmented into clothes, footwear, and accessories. The clothes segment is expected to dominate the market during the forecast period.
Q5. Who are the key players in the Apparel Resale Market?
Ans. The global Apparel Resale Market report includes players such as Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc. , and British Used Clothing Company among others.
Q6. What are the factors driving the Apparel Resale Market growth?
Ans. The major factor driving the growth of the market is the rise in the demand of sustainable garments and rise in the usage of internet.
Q7. What are the key growth strategies of Apparel Resale Market players?
Ans. The key growth strategies of Apparel Resale Market players are product launch, partnerships, and government initiatives.
Q8. Which region will provide more business opportunities for the Apparel Resale Market during the forecast period?
Ans. The Asia Pacific region will provide more business opportunities for the Apparel Resale Market during the forecast period.
Table of Contents
Chapter 1. Apparel Resale Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Product Type
3.3. Market Attractiveness Analysis, by Target Population
Chapter 4. Apparel Resale Market Outlook
4.1. Apparel Resale Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Apparel Resale Market
4.7. Impact of the Russia and Ukraine War on the Apparel Resale Market
4.8. Case Study Analysis
4.9. Pricing Analysis
Chapter 5. Apparel Resale Market, by Product Type
5.1. Market Overview
5.2. Clothes
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Footwear
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4. Accessories
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size and Forecast, by Region
Chapter 6. Apparel Resale Market, by Target Population
6.1. Market Overview
6.2. Women
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Men
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region
6.4. Kids
6.4.1. Key Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, by Region
Chapter 7. Apparel Resale Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Apparel Resale Market Size and Forecast, by Product Type
7.2.3. North America Apparel Resale Market Size and Forecast, by Target Population
7.2.4. North America Apparel Resale Market Size and Forecast, by Country
7.2.5. The U.S.
7.2.5.1. The U.S. Apparel Resale Market Size and Forecast, by Product Type
7.2.5.2. The U.S. Apparel Resale Market Size and Forecast, by Target Population
7.2.6. Canada
7.2.6.1. Canada Apparel Resale Market Size and Forecast, by Product Type
7.2.6.2. Canada Apparel Resale Market Size and Forecast, by Target Population
7.2.7. Mexico
7.2.7.1. Mexico Apparel Resale Market Size and Forecast, by Product Type
7.2.7.2. Mexico Apparel Resale Market Size and Forecast, by Target Population
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Apparel Resale Market Size and Forecast, by Product Type
7.3.3. Europe Apparel Resale Market Size and Forecast, by Target Population
7.3.4. Europe Apparel Resale Market Size and Forecast, by Country
7.3.5. The U.K.
7.3.5.1. The U.K. Apparel Resale Market Size and Forecast, by Product Type
7.3.5.2. The U.K. Apparel Resale Market Size and Forecast, by Target Population
7.3.6. Germany
7.3.6.1. Germany Apparel Resale Market Size and Forecast, by Product Type
7.3.6.2. Germany Apparel Resale Market Size and Forecast, by Target Population
7.3.7. France
7.3.7.1. France Apparel Resale Market Size and Forecast, by Product Type
7.3.7.2. France Apparel Resale Market Size and Forecast, by Target Population
7.3.8. Spain
7.3.8.1. Spain Apparel Resale Market Size and Forecast, by Product Type
7.3.8.2. Spain Apparel Resale Market Size and Forecast, by Target Population
7.3.9. Italy
7.3.9.1. Italy Apparel Resale Market Size and Forecast, by Product Type
7.3.9.2. Italy Apparel Resale Market Size and Forecast, by Target Population
7.3.10. Netherlands
7.3.10.1. Netherlands Apparel Resale Market Size and Forecast, by Product Type
7.3.10.2. Netherlands Apparel Resale Market Size and Forecast, by Target Population
7.3.11. Sweden
7.3.11.1. Sweden Apparel Resale Market Size and Forecast, by Product Type
7.3.11.2. Sweden Apparel Resale Market Size and Forecast, by Target Population
7.3.12. Switzerland
7.3.12.1. Switzerland Apparel Resale Market Size and Forecast, by Product Type
7.3.12.2. Switzerland Apparel Resale Market Size and Forecast, by Target Population
7.3.13. Denmark
7.3.13.1. Denmark Apparel Resale Market Size and Forecast, by Product Type
7.3.13.2. Denmark Apparel Resale Market Size and Forecast, by Target Population
7.3.14. Finland
7.3.14.1. Finland Apparel Resale Market Size and Forecast, by Product Type
7.3.14.2. Finland Apparel Resale Market Size and Forecast, by Target Population
7.3.15. Russia
7.3.15.1. Russia Apparel Resale Market Size and Forecast, by Product Type
7.3.15.2. Russia Apparel Resale Market Size and Forecast, by Target Population
7.3.16. Rest of Europe
7.3.16.1. Rest of Europe Apparel Resale Market Size and Forecast, by Product Type
7.3.16.2. Rest of Europe Apparel Resale Market Size and Forecast, by Target Population
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Apparel Resale Market Size and Forecast, by Country
7.4.3. Asia-Pacific Apparel Resale Market Size and Forecast, by Product Type
7.4.4. Asia-Pacific Apparel Resale Market Size and Forecast, by Target Population
7.4.5. China
7.4.5.1. China Apparel Resale Market Size and Forecast, by Product Type
7.4.5.2. China Apparel Resale Market Size and Forecast, by Target Population
7.4.6. India
7.4.6.1. India Apparel Resale Market Size and Forecast, by Product Type
7.4.6.2. India Apparel Resale Market Size and Forecast, by Target Population
7.4.7. Japan
7.4.7.1. Japan Apparel Resale Market Size and Forecast, by Product Type
7.4.7.2. Japan Apparel Resale Market Size and Forecast, by Target Population
7.4.8. South Korea
7.4.8.1. South Korea Apparel Resale Market Size and Forecast, by Product Type
7.4.8.2. South Korea Apparel Resale Market Size and Forecast, by Target Population
7.4.9. Australia
7.4.9.1. Australia Apparel Resale Market Size and Forecast, by Product Type
7.4.9.2. Australia Apparel Resale Market Size and Forecast, by Target Population
7.4.10. Singapore
7.4.10.1. Singapore Apparel Resale Market Size and Forecast, by Product Type
7.4.10.2. Singapore Apparel Resale Market Size and Forecast, by Target Population
7.4.11. Indonesia
7.4.11.1. Indonesia Apparel Resale Market Size and Forecast, by Product Type
7.4.11.2. Indonesia Apparel Resale Market Size and Forecast, by Target Population
7.4.12. Taiwan
7.4.12.1. Taiwan Apparel Resale Market Size and Forecast, by Product Type
7.4.12.2. Taiwan Apparel Resale Market Size and Forecast, by Target Population
7.4.13. Malaysia
7.4.13.1. Malaysia Apparel Resale Market Size and Forecast, by Product Type
7.4.13.2. Malaysia Apparel Resale Market Size and Forecast, by Target Population
7.4.14. Rest of APAC
7.4.14.1. Rest of APAC Apparel Resale Market Size and Forecast, by Product Type
7.4.14.2. Rest of APAC Apparel Resale Market Size and Forecast, by Target Population
7.5. Rest of The World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of The World Apparel Resale Market Size and Forecast, by Product Type
7.5.3. Rest of The World Apparel Resale Market Size and Forecast, by Target Population
7.5.4. Rest of The World Apparel Resale Market Size and Forecast, by Country
7.5.5. Latin America
7.5.5.1. Latin America Apparel Resale Market Size and Forecast, by Product Type
7.5.5.2. Latin America Apparel Resale Market Size and Forecast, by Target Population
7.5.6. Middle East
7.5.6.1. Middle East Apparel Resale Market Size and Forecast, by Product Type
7.5.6.2. Middle East Apparel Resale Market Size and Forecast, by Target Population
7.5.7. Africa
7.5.7.1. Africa Apparel Resale Market Size and Forecast, by Product Type
7.5.7.2. Africa Apparel Resale Market Size and Forecast, by Target Population
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, And Collaborations
8.3.5. Mergers And Acquisitions
Chapter 9. Company Profiles
9.1. Thredup Inc.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. The RealReal
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Poshmark
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Vinted
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Micolet
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Thrift+
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Chikatex
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. HunTex Recycling Kft
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. eBay Inc.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. British Used Clothing Company
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
Apparel Resale Market Segmentation
By Product Type
- Clothes
- Footwear
- Accessories
By Target Population
- Men
- Women
- Kids
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The U.K.
- Germany
- France
- Spain
- Italy
- Netherlands
- Sweden
- Switzerland
- Denmark
- Finland
- Russia
- Rest of Europe
- The Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Indonesia
- Taiwan
- Malaysia
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa