Second Hand Apparel Market Size, Trends and Insights By Product Type (Dresses and Tops, Shirts and T-shirts, Sweaters, Coats and Jackets, Jeans and Pants, Others), By End User (Men, Women, Kids), By Sale Channels (Multi-Brand Stores, Independent Small Stores, Departmental Stores, Online Retailers, Other), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- ThredUp
- Poshmark
- The RealReal
- Vestiaire Collective
- Depop
- eBay Inc.
- Others
Reports Description
Global Second Hand Apparel Market was valued at USD 45.3 Billion in 2024 and is expected to reach USD 126.6 Billion by 2033, at a CAGR of 10.4% during the forecast period 2024 – 2033.
Second-hand clothes are defined as clothing that has already been owned and worn by a different person before being sold again or passed on to another individual. This can encompass everything from apparel sold in second hand stores and consignment outlets to goods swapped on internet marketplaces.
Second Hand Apparel Market: Growth Factors
Rise in rental and subscription based platforms
The advent of rental and subscription-based platforms had a huge impact on the second hand garment business, providing customers with more cheap and sustainable alternatives to conventional retail. These marketplaces provide clients access to a diverse selection of high-quality clothing products at a fraction of the expense of acquiring new outfits.
Customers who rent or subscribe to clothing services may enjoy wearing contemporary and designer apparel without having to make the financial commitment of purchasing brand-new goods. Moreover, rental and subscription models contribute to a circular economy by prolonging the life of apparel and minimizing textile waste.
Instead of discarding items after a few wears, buyers return them to the platform, where they may be cleaned and leased out to other users, increasing utility while reducing the impact on the environment.
Furthermore, these platforms address shifting customer desires for experiential commerce and the sharing economy. Many customers, particularly younger generations, value experiences above possessions and are increasingly aware of the environmental and social consequences of their purchases.
Rental and subscription models support these principles by providing a simple and sustainable method to obtain apparel. Ultimately, the accessibility, affordability, and sustainability provided by rental and subscription-based platforms are propelling the second-hand garment sector ahead, catering to a diverse variety of customers looking for both fashion-forward and environmentally friendly solutions.
Fashion brand collaborations with resale platforms
Collaborations between fashion brands and resale platforms have arisen as a strategic attempt to capitalize on the booming second-hand garment industry while also addressing sustainability concerns and customer desire for pre-owned items. These alliances provide several benefits to both brands and resale platforms.
They enable fashion firms to extend the lifespan of their items and improve brand sustainability by encouraging circular fashion practices. By collaborating with reliable resale marketplaces, companies can assure the legitimacy and value of their pre-owned products, preserving brand integrity and reputation.
Furthermore, collaborations with resale platforms allow fashion labels to access new client groups and interact with environmentally aware consumers who value sustainability in their purchase decisions. Through reseller agreements, businesses may maximize their marketing and advertising spending.
Furthermore, these collaborations may increase client devotion and brand affinity by providing customers with an effortless shopping trip that blends the allure of luxury brands with the cost and sustainability of second hand apparel. In February 2022, Pretty Little Thing (PLT) announced via UK creative director Molly-Mae Hague that it would launch the resale of clothes.
Second Hand Apparel Market: Restraints
Absence of standardized pricing models
The absence of standardized pricing structures presents numerous obstacles to the second-hand clothes business. Initially, without defined price criteria, sellers may struggle to assess the fair worth of their things, resulting in pricing discrepancies and variances between platforms and sellers. This lack of openness can lead to buyer confusion and weaken market trust.
Furthermore, without standardized pricing, purchasers may be hesitant to make purchases because they believe they are overpaying or not receiving a fair bargain. Furthermore, the lack of consistent pricing structures makes it difficult for firms to grow and optimize their operations effectively. Adopting standardized pricing models might boost market efficiency, build confidence between buyers and sellers, and drive development in the second-hand garment sector by offering clarity and uniformity in price.
Second Hand Apparel Market: Opportunities
Growing millennial population
The expanding millennial population is a crucial driving force behind the rise of the second-hand clothes market for a variety of reasons. Millennials are more ecologically and socially conscious than prior generations, which motivates them to pursue sustainable and ethical purchasing patterns. Purchasing used clothes helps to decrease waste, lessen their carbon impact, and contribute to a circular economy by reusing apparel.
Furthermore, millennials are recognized for their affinity for one-of-a-kind fashion finds and personal style. Furthermore, economic reasons influence millennials’ preference for second-hand apparel. Many millennials are financially constrained owing to school loan debt, expensive housing prices, and stagnating salaries.
Buying used helps consumers to buy high-quality apparel at reasonable rates, allowing them to stretch their budgets while still meeting their demand for trendy and attractive products. Millennials are presently the world’s largest adult cohort. There are 1.8 billion people worldwide, which accounts for 23% of the global population.
Asia is home to a quarter of the world’s millennials. They are the most educated generation and are becoming increasingly prominent. In China, millennials own two-thirds of all passports. In the United States, millennial per capita expenditure is expected to rise by more than 10% by 2025.
Second Hand Apparel Market: Segmentation Analysis
Global Second Hand Apparel market is segmented by product type, end user, sale channels and region. Based on product type, the market is classified as dresses and tops, shirts and t-shirts, sweaters, coats and jackets, jeans and pants and others. Dresses and Tops dominated the market in 2023 with a market share of 35.3% and is expected to keep its dominance during the forecast period 2024-2033.
Dresses and tops are important drivers of the second-hand fashion sector because of their continuing popularity and adaptability. Consumers frequently seek pre-owned dresses and blouses because they are economical yet attractive wardrobe essentials. Second-hand dresses come in a variety of designs, from casual daily attire to sophisticated evening clothing, to suit a wide range of preferences and events.
Similarly, tops come in a variety of designs, spanning t-shirts, blouses, and sweaters, making them a popular option for mixing and matching ensembles. Furthermore, the rising emphasis on ecology and eco-conscious shopping has increased demand for second-hand apparel, such as dresses and tops, because it helps to reduce textile waste and reduces the environmental effect of fashion consumption.
Based on end user, the market is classified into men, women and kids. Women dominated the market in 2023 with a market share of 45.5% and are expected to keep their dominance during the forecast period 2024-2033. Women are becoming more conscious of the environmental and social consequences of rapid fashion, prompting many to seek out more sustainable consumption practices.
Second-hand clothing is an environmentally beneficial solution since it extends the life of garments and reduces waste. Furthermore, women frequently see second-hand shopping as a chance to obtain unique and vintage things that are not widely available in typical retail establishments, allowing them to show their style.
Moreover, the reasonable price of second-hand apparel appeals to budget-conscious clients such as college students, recent graduates, and families, allowing them to purchase attractive things at a lesser cost. Social media and online marketplaces have also helped the expansion of the second-hand garment sector by giving channels for buying, selling, and exchanging used items, further enabling women to engage sustainably.
Based on sale channels, the market is classified into multi-brand stores, independent small stores, departmental stores, online retailers and others. Online retailers dominated the market in 2023 with a market share of 36.3% and are expected to keep their dominance during the forecast period 2024-2033.
Online merchants drive the second-hand garment sector through a variety of techniques and channels. They give sellers handy and accessible venues to post their pre-owned apparel goods, increasing the reach and visibility of these products to a larger audience.
Furthermore, internet shops use data analytics and personalized suggestions to connect shoppers with second-hand clothing that suits their likes and styles. They also provide competitive pricing, discounts, and promotions to entice budget-conscious customers and encourage them to buy used clothing.
Additionally, online platforms frequently enable easy transactions, such as safe payment choices and hassle-free delivery, therefore improving the overall buying experience for both customers and sellers. By using technology, convenience, and customer demands for sustainable fashion, online merchants promote market growth.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 45.3 Billion |
| Projected Market Size in 2033 | USD 126.6 Billion |
| Market Size in 2023 | USD 43.2 Billion |
| CAGR Growth Rate | 10.4% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, End User, Sale Channels and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Second Hand Apparel Market: Regional Analysis
By region, Second Hand Apparel market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Second Hand Apparel market in 2023 with a market share of 40.5% and is expected to keep its dominance during the forecast period 2024-2033.
North America has an influential tradition of thrift shopping and sustainability, with people increasingly looking for economical yet trendy apparel alternatives that simultaneously reduce their environmental impact.
Moreover, the fashion business in North America is very dynamic, with constantly shifting trends and seasonal collections, resulting in an excess of lightly worn apparel. This surplus of supply, along with increasing customer tastes for sustainable and ethical design methods, has fuelled the rise of North America’s second-hand garment sector, making it a crucial driver in the worldwide resale business.
Second Hand Apparel Market: Recent Developments
- In March 2024, Vinted announced the acquisition of Trendsales, a Danish marketplace through which it looks to strengthen its presence in the Nordic region. Vinted’s transfer comes shortly after his debuts in Sweden, Finland, and Denmark.
- In August 2023, Hanna Andersson, a children’s clothing company, and H&M, an apparel retailer, started resale systems to recycle previously owned clothes.
- In November 2023, a new second-hand clothing store opened on the Eilandje in the north of Antwerp, Belgium. According to the Belgian daily Het Laatste Nieuws, the business, dubbed ‘Kwik Shop’, is run by students from the secondary school institution Kunstkaai.
List of the prominent players in the Second Hand Apparel Market:
- ThredUp
- Poshmark
- The RealReal
- Vestiaire Collective
- Depop
- eBay Inc.
- Tradesy
- ASOS Marketplace
- Vinted
- Grailed
- Mercari
- Rebelle
- Crossroads Trading
- Micolet
- LePrix
- SnobSwap
- Vinted
- Material World
- Heroine
- Threadflip
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Second Hand Apparel Market is segmented as follows:
By Product Type
- Dresses and Tops
- Shirts and T-shirts
- Sweaters, Coats and Jackets
- Jeans and Pants
- Others
By End User
- Men
- Women
- Kids
By Sale Channels
- Multi-Brand Stores
- Independent Small Stores
- Departmental Stores
- Online Retailers
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Second Hand Apparel Market, (2024 – 2033) (USD Billion)
- 2.2 Global Second Hand Apparel Market: snapshot
- Chapter 3. Global Second Hand Apparel Market – Industry Analysis
- 3.1 Second Hand Apparel Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rise in rental and subscription based Platforms
- 3.2.2 Fashion brand collaborations with resale platforms
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By End User
- 3.7.3 Market Attractiveness Analysis By Sale Channels
- Chapter 4. Global Second Hand Apparel Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Second Hand Apparel Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Second Hand Apparel Market – Product Type Analysis
- 5.1 Global Second Hand Apparel Market Overview: By Product Type
- 5.1.1 Global Second Hand Apparel Market Share, By Product Type, 2023 and 2033
- 5.2 Dresses and Tops
- 5.2.1 Global Second Hand Apparel Market by Dresses and Tops, 2024 – 2033 (USD Billion)
- 5.3 hirts and T-shirts
- 5.3.1 Global Second Hand Apparel Market by Hirts and T-shirts, 2024 – 2033 (USD Billion)
- 5.4 Sweaters, Coats and Jackets
- 5.4.1 Global Second Hand Apparel Market by Sweaters, Coats and Jackets, 2024 – 2033 (USD Billion)
- 5.5 Jeans and Pants
- 5.5.1 Global Second Hand Apparel Market by Jeans and Pants, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Second Hand Apparel Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Second Hand Apparel Market Overview: By Product Type
- Chapter 6. Global Second Hand Apparel Market – End User Analysis
- 6.1 Global Second Hand Apparel Market Overview: By End User
- 6.1.1 Global Second Hand Apparel Market Share, By End User, 2023 and 2033
- 6.2 Men
- 6.2.1 Global Second Hand Apparel Market by Men, 2024 – 2033 (USD Billion)
- 6.3 Women
- 6.3.1 Global Second Hand Apparel Market by Women, 2024 – 2033 (USD Billion)
- 6.4 Kids
- 6.4.1 Global Second Hand Apparel Market by Kids, 2024 – 2033 (USD Billion)
- 6.1 Global Second Hand Apparel Market Overview: By End User
- Chapter 7. Global Second Hand Apparel Market – Sale Channels Analysis
- 7.1 Global Second Hand Apparel Market Overview: By Sale Channels
- 7.1.1 Global Second Hand Apparel Market Share, By Sale Channels, 2023 and 2033
- 7.2 Multi-Brand Stores
- 7.2.1 Global Second Hand Apparel Market by Multi-Brand Stores, 2024 – 2033 (USD Billion)
- 7.3 Independent Small Stores
- 7.3.1 Global Second Hand Apparel Market by Independent Small Stores, 2024 – 2033 (USD Billion)
- 7.4 Departmental Stores
- 7.4.1 Global Second Hand Apparel Market by Departmental Stores, 2024 – 2033 (USD Billion)
- 7.5 Online Retailers
- 7.5.1 Global Second Hand Apparel Market by Online Retailers, 2024 – 2033 (USD Billion)
- 7.6 Other
- 7.6.1 Global Second Hand Apparel Market by Other, 2024 – 2033 (USD Billion)
- 7.1 Global Second Hand Apparel Market Overview: By Sale Channels
- Chapter 8. Second Hand Apparel Market – Regional Analysis
- 8.1 Global Second Hand Apparel Market Regional Overview
- 8.2 Global Second Hand Apparel Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Second Hand Apparel Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.4 North America Second Hand Apparel Market, by Product Type, 2024 – 2033
- 8.4.1 North America Second Hand Apparel Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Second Hand Apparel Market, by End User, 2024 – 2033
- 8.5.1 North America Second Hand Apparel Market, by End User, 2024 – 2033 (USD Billion)
- 8.6 North America Second Hand Apparel Market, by Sale Channels, 2024 – 2033
- 8.6.1 North America Second Hand Apparel Market, by Sale Channels, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Second Hand Apparel Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Second Hand Apparel Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Second Hand Apparel Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Second Hand Apparel Market, by End User, 2024 – 2033
- 8.9.1 Europe Second Hand Apparel Market, by End User, 2024 – 2033 (USD Billion)
- 8.10 Europe Second Hand Apparel Market, by Sale Channels, 2024 – 2033
- 8.10.1 Europe Second Hand Apparel Market, by Sale Channels, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Second Hand Apparel Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Second Hand Apparel Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Second Hand Apparel Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Second Hand Apparel Market, by End User, 2024 – 2033
- 8.13.1 Asia Pacific Second Hand Apparel Market, by End User, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Second Hand Apparel Market, by Sale Channels, 2024 – 2033
- 8.14.1 Asia Pacific Second Hand Apparel Market, by Sale Channels, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Second Hand Apparel Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Second Hand Apparel Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Second Hand Apparel Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Second Hand Apparel Market, by End User, 2024 – 2033
- 8.17.1 Latin America Second Hand Apparel Market, by End User, 2024 – 2033 (USD Billion)
- 8.18 Latin America Second Hand Apparel Market, by Sale Channels, 2024 – 2033
- 8.18.1 Latin America Second Hand Apparel Market, by Sale Channels, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Second Hand Apparel Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Second Hand Apparel Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Second Hand Apparel Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Second Hand Apparel Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Second Hand Apparel Market, by End User, 2024 – 2033
- 8.21.1 The Middle-East and Africa Second Hand Apparel Market, by End User, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Second Hand Apparel Market, by Sale Channels, 2024 – 2033
- 8.22.1 The Middle-East and Africa Second Hand Apparel Market, by Sale Channels, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 ThredUp
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Poshmark
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 The RealReal
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Vestiaire Collective
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Depop
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 eBay Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Tradesy
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 ASOS Marketplace
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Vinted
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Grailed
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Mercari
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Rebelle
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Crossroads Trading
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Micolet
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 LePrix
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 SnobSwap
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Vinted
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Material World
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Heroine
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Threadflip
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 ThredUp
List Of Figures
Figures No 1 to 29
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- ThredUp
- Poshmark
- The RealReal
- Vestiaire Collective
- Depop
- eBay Inc.
- Tradesy
- ASOS Marketplace
- Vinted
- Grailed
- Mercari
- Rebelle
- Crossroads Trading
- Micolet
- LePrix
- SnobSwap
- Vinted
- Material World
- Heroine
- Threadflip
- Others
FAQs
The restraints of the Second Hand Apparel market is absence of standardized pricing models.
The major driver for the Second Hand Apparel market is rise in rental and subscription based platforms and fashion brand collaborations with resale platforms.
The “Dresses and Tops” category dominated the market in 2023.
The key players in the market are ThredUp, Poshmark, The RealReal, Vestiaire Collective, Depop, eBay Inc. , Tradesy, ASOS Marketplace, Vinted, Grailed, Mercari, Rebelle, Crossroads Trading, Micolet , LePrix, SnobSwap, Vinted, Material World, Heroine, Threadflip, Others.
“North America” had the largest share in the Second Hand Apparel Market.
The global market is projected to grow at a CAGR of 10.4% during the forecast period, 2024-2033.
The Second Hand Apparel Market size was valued at USD 45.3 Billion in 2024.