Secondhand Apparel Market Research Report Information By Product Type (Dresses & Tops, Shirts & T-shirts, Sweaters, Coats & Jackets, Jeans & Pants, and Others), By Sector (Resale and Traditional Thrift Stores & Donations), By Target Population (Men, Women, and Kids), By Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Multi-brand Stores, Independent Small Stores, Departmental Stores, Online Retailers, and Other Sales Channel), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Til

Global Secondhand Apparel Market Overview

Secondhand Apparel Market Size was valued at USD 70.5 Billion in 2022. The Secondhand Apparel Industry Sales Channel is projected to grow from USD 81.2 Billion in 2023 to USD 250.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.10% during the forecast period (2023 - 2032). Growing use of online marketplaces for second-hand clothing and understanding of the advantages of buying used clothing are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Secondhand Apparel Market Trends

• Rising penetration of online shopping platforms offering secondhand apparel is driving the market growth

The peer-to-peer trade of common clothing on modern digital platforms like Tradesy and Poshmark is being encouraged by increased consumer demand, and digital resale is swiftly emerging as the next major fashion trend. Used clothing has a big market. In order to take over as the platform for the distribution of luxury brands' products, resellers are searching for direct partnerships and business alliances. A digital marketplace for authorised luxury consignment, for instance, is provided by The RealReal and the Vestiaire Collective, where customers may purchase and sell designer brands like Hermes, Chanel, and Louis Vuitton. Online platforms are increasingly being used by manufacturers to expand their audience and boost sales. Similar to this, the availability of a variety of used clothing on internet marketplaces has made it possible for consumers to buy them from the convenience of their homes. During the projection period, this is anticipated to give the secondhand clothing industry a significant boost.

People are becoming more and more aware of the advantages of used clothing. This is because people are aware of how purchasing secondhand clothing contributes to resource conservation, lowers environmental pollution, and boosts the local economy. Online markets for buying and selling old clothing are becoming increasingly popular. This is due to the fact that these platforms offer a practical means of discovering high-quality used clothing at reasonable pricing. In recent years, there has been an increase in the number of fashion consignment shops. These shops have a great assortment of reasonably priced, top-quality used apparel from well-known brands.

More than 10% of the world's carbon emissions are attributable to the fashion industry. Customers want transparent processes, and firms are growing more aware of the necessity for fashion updates. The sustainable fashion movement, which has reduced pollution, climate change, and unethical labour practises, was sparked by fast fashion. By recycling worn and/or unwanted clothing, secondhand clothing prevents a significant amount of such apparel from ending up in landfills and dumps. It is constructed of organic cotton, regenerated cashmere, wool obtained ethically, and recycled components. The makers use recyclable materials for packaging and solar equipment energy on the production line to repair clothing. Other well-known businesses combine premium natural and recycled materials to offer a wide selection of high-quality outdoor and adventure clothing, including sustainable trousers and t-shirts. Additionally, they provide fair trade sweaters made of recycled cotton, recycled polyester, and recycled cashmere, as well as recycled polyester outerwear. Thus, driving the Secondhand Apparel market revenue.

Secondhand Apparel Market Segment Insights

Secondhand Apparel Product Type Insights

The Secondhand Apparel Market segmentation, based on product type, includes dresses & tops, shirts & T-shirts, sweaters, coats & jackets, jeans & pants, and others. The dresses & tops segment dominated the global market in 2022. This can be due to the growing acceptance of used clothing, particularly among women, worldwide. Due to changing fashion trends and the consequent high demand for dresses and tops among the female market, the secondhand clothes market is predicted to expand globally in the near future.

Secondhand Apparel Sector Insights

The Secondhand Apparel Market segmentation, based on sector, includes resale and traditional thrift stores & donations. Resale segment dominated the Secondhand Apparel Market in 2022. This is explained by the fact that e-commerce is becoming more and more popular with customers of all ages. The majority of Millennials and Gen-Z favour online retailing platforms to conventional brick-and-mortar businesses for resale since smartphones are leveraging the expansion.

Secondhand Apparel Target Population Insights

The Secondhand Apparel Market segmentation, based on target population, includes men, women, and kids. Women segment dominated the Secondhand Apparel Market in 2022. As women continue to provide bargains and make more of an attempt to cut costs, they are increasingly resorting to resale websites. Since used clothing is far less expensive than new clothing, ladies can manage to get higher-quality items without having to spend a lot of money.

Figure 1: Secondhand Apparel Market, by Target Population, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Secondhand Apparel Sales Channel Insights

The Secondhand Apparel Market segmentation, based on sales channel, includes wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, independent small stores, departmental stores, online retailers, and other sales channel. Online retailers segment dominated the global market in 2022. Online retailers are anticipated to quickly transform the industry for used clothing sales. This is due to the growth of online shopping platforms and a tendency to buy used clothing online in order to save time and money overall.

Secondhand Apparel Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Secondhand Apparel Market dominated this market in 2022 (45.80%). One of the main causes propelling growth in the U.S. secondhand garment market is the rising number of conscientious customers. Another is the increasing prevalence of internet retailers allowing people to purchase and sell secondhand products, including clothing. Further, the U.S. Secondhand Apparel market held the largest market share, and the Canada Secondhand Apparel market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SECONDHAND APPAREL MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Secondhand Apparel market accounted for the healthy market share in 2022. Utilising old clothing is one strategy to solve the environmental and labour issues associated with the apparel industry in an era of fast fashion and outsourced apparel manufacturing. The popularity of vintage fashion clothing in the area is attributed to the idea that trends resurface after a protracted absence and that vintage clothing has more character than contemporary clothing. Further, the German Secondhand Apparel market held the largest market share, and the U.K Secondhand Apparel market was the fastest growing market in the European region

The Asia Pacific Secondhand Apparel market is expected to register significant growth from 2023 to 2032. The population is expanding quickly, disposable money is rising, and the number of businesses selling used clothing is surging. Similar to how rising special event apparel demand throughout the region is contributing significantly to sales growth, the trend is anticipated to last during the forecast period. Special event clothing is in high demand in Asia. Asians take great care with their traditional clothes. Moreover, China’s Secondhand Apparel market held the largest market share, and the Indian Secondhand Apparel market was the fastest growing market in the Asia-Pacific region.

Secondhand Apparel Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Secondhand Apparel market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Secondhand Apparel Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Secondhand Apparel Industry to benefit clients and increase the market sector. In recent years, the Secondhand Apparel Industry has offered some of the most significant advantages to medicine. Major players in the Secondhand Apparel market, including Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, Percentil.ma, Thrift+, Chikatex, HunTex Recycling Kft, eBay Inc., British Used Clothing Company., A&E Used Clothing Wholesale, Mobacotex, Tradesy, and StockX, are attempting to increase market demand by investing in research and development operations.

H & M Hennes & Mauritz AB (H&M) is a retailer of accessories and clothing for the latest trends. Shorts, cardigans, sweaters, blazers, suits, t-shirts, sweatshirts, shirts, sports and swimwear, and lingerie are among the company's product offerings. Additionally, it sells cosmetics and accoutrements like jewellery, belts, braces, headgear, gloves, home textiles, homeware, sunglasses and watches. These goods are available under the H&M, Afound, COS, Monki, Weekday, Sellpy, Arket, and & Other Stories brand names from the corporation. Additionally, H & M makes use of several e-commerce platforms to market its goods. Operational locations for the company span Europe, Africa, the Americas, Asia, and Oceania. The head office of H&M is located in Stockholm City, Stockholm, Sweden. H&M launched a brand-new second-hand clothing venture in Sweden, its native market, in February 2022. This selection contains used clothing from H&M Group brands in addition to items from other external companies including ASOS, Nike, and Zara.

Online store Farfetch Ltd (Farfetch) was founded. It provides accessories, gems, watches, luggage, coats, swimsuits, suits, shorts, and vintage. Additionally, the company offers a broad variety of goods, such as active and beachwear, coats and jackets, shorts and skirts, tops, and trousers, as well as sandals, slippers, mini and belt bags, scarves, watches, and bracelets. Polo shirts, jackets, monk shoes, clutch purses, jeans, boots, and caps are among the items sold by Farfetch. It mostly benefits women, men, and children. The UK city of London serves as the headquarters of Farfetch. Customers may now donate their unwanted things to charities in exchange for store credit thanks to a partnership between Farfetch and Thrift+ that launched in October 2019.

Key Companies in the Secondhand Apparel market include

• Thredup Inc.


• The RealReal


• Poshmark


• Vinted


• Micolet


• Thrift


• Chikatex


• HunTex Recycling Kft


• eBay Inc.


• British Used Clothing Company.


• A&E Used Clothing Wholesale


• Mobacotex


• Tradesy


• StockX

Secondhand Apparel Industry Developments

April 2018: Fitz, a styling service, was purchased by Tradesy, a designer reseller, to compete with The RealReal. Previously known as Fitz, Tradesy Closet Designer is a new menu option that enables sellers to hire a qualified stylist to oversee the selling process and organise their closet.

Secondhand Apparel Market Segmentation

Secondhand Apparel Product Type Outlook

• Dresses & Tops


• Shirts & T-shirts


• Sweaters, Coats & Jackets


• Jeans & Pants


• Others

Secondhand Apparel Sector Outlook

• Resale


• Traditional Thrift Stores & Donations

Secondhand Apparel Target Population Outlook

• Men


• Women


• Kids

Secondhand Apparel Sales Channel Outlook

• Wholesalers/Distributors


• Hypermarkets/Supermarkets


• Multi-brand Stores


• Independent Small Stores


• Departmental Stores


• Online Retailers


• Other Sales Channel

Secondhand Apparel Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America