Secondhand Apparel Market is estimated to be US$ 288.7 billion by 2034; Sustainability Awareness to Fuel Market Growth

Download Sample

Published Date: October 2024

Secondhand Apparel market is rapidly evolving into significant segment of global fashion industry driven by changing consumer preferences and a growing emphasis on sustainability. Social media's impact on shopping culture, which has made buying used clothing more common among a variety of demographics, and the growing promotion of sustainable fashion campaigns are the main drivers of this increase.

Segmentation Analysis:

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, Kids
By Sales Channel	Online, Offline

Report Highlights:

Secondhand Apparel Market accounted for USD 78.3 Billion in 2024
Target Market estimated to be USD 288.7 Billion by 2034 and to register a CAGR of 15.4%
Based on Product Type, Secondhand Apparel Market is rapidly boosting in dresses & tops.
According to Sector, resale gets a large market share in the Secondhand Apparel industry.
Women segment is anticipated to hold the largest share of the Secondhand Apparel market based on target population.
Online segment is anticipated to hold the largest share of the Secondhand Apparel market based on sales channel.
By Region, the Secondhand Apparel Market is expected to expand rapidly in North America region

Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Rising Environmental Awareness	Competition from Fast Fashion	Emergence of Rental and Subscription Services

Key Highlights:

In September 2024, Resale technology platform Archive is partnering with more than 20 brands launched activations and promotions in tandem with Second Hand September. Other Archive brand partners will provide online discounts and promotions, while brands such as Diane von Furstenberg, Sandro, Maje, M.M. LaFleur, and Ulla Johnson will sell used goods in their retail locations as part of the campaign.

Innovation Projects of Secondhand Apparel

Revolutionizing Wardrobes: The rise of India’s second-hand fashion market

The fashion system generates massive waste, ranking amongst the planet’s most polluting industries. Over 100 billion garments are produced annually, with only 1% actually getting recycled and 85 per cent being discarded in landfills or incinerators.
Despite this, a rising global consumer demand for sustainability, with 60% prioritizing eco-friendly practices, is pressuring the industry to adopt more environmentally conscious approaches.
The rapidly growing global market for pre-loved and second-hand fashion is a testament to shifting consumer values towards sustainability, affordability and the desire for unique and vintage items.

Browse ∼65 market data tables and ∼40 figures through ∼165 slides and in-depth TOC on “Secondhand Apparel Market, 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 (Online, Offline), and By Region - Trends, Analysis, and Forecast till 2034”

**For more insights into the Secondhand Apparel market and its future trends, visit link below:

https://www.prophecymarketinsights.com/market_insight/secondhand-apparel-market-5236

Competitive Landscape of Secondhand Apparel Market:

The prominent players operating in the Secondhand Apparel Market includes Thredup Inc., The RealReal, Poshmark, Vinted, Micolet, Thrift, Chikatex, HunTex Recycling Kft, eBay Inc., British Used Clothing Company, A&E Used Clothing Wholesale, Mobacotex, and Tradesy.