Second-Hand Clothing Market 2023 by Global Industry Size, Demands, Latest Trends, Opportunity and Share Forecast to 2029 | 12.4% CAGR

Second-Hand Clothing Market

Second-hand clothing market size is expected to grow at 12.4% CAGR from 2023 to 2029. It is expected to reach above USD 27.5 billion by 2029 from USD 8.6 Billion in 2022.

Second-Hand Clothing Market 2023 research report covers obvious information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the outlook of players, countries, product types and end industries.

Additionally, technology industry the report provides insights into the regional analysis that refuges different regions, contributing to the growth of the market. The Global Second-Hand Clothing Market consists of data collected from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus provided that significant insights to the researchers, analysts, managers, and other industry professionals. This document further supports in understanding market trends, applications, specifications, and market.

Second-hand apparel is becoming a trending fashion in the ever-growing fashion market, and the expanding fashion industry is altering the use of apparel with second-hand apparel taking up multiple platforms.

Customers’ perspectives on good looks have all changed as a result of the journey of establishing oneself. As a result, better attire, fashion accessories, and other items are chosen to boost self-esteem, and, in turn, the preference of customers for a variety of apparel is increasing.

People have become aware about the environmental benefits of using secondhand clothes over new ones. As a result, there has been a sharp rise in the sales of second apparel during the last few years and the trend is likely to continue during the forecast period.

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Who are the Top Players Second-Hand Clothing Market?

Some of the major companies operating in the global Second-Hand Clothing market is ThredUP, Poshmark, The RealReal, Tradesy, Buffalo Exchange, eBay, Mercari, Alibaba Group and Others.

 Instance Development

• In 2022, H&M launched a new second-hand apparel offer in Sweden in its domestic market which will include second-hand garments from H&M Group brands as well as third-party names such as ASOS, Nike, and Zara.
• In 2020, Tradesy, a designer reseller, acquired Fitz, a styling service, in order to compete with The RealReal. Fitz has been renamed Tradesy Closet Designer, a new menu item that allows sellers to engage a skilled stylist to manage the selling process as well as organise their closet.

Key Market Segments: Global Second-Hand Clothing Market

Second-Hand Clothing Market By Type, 2020-2029, (USD Million)

Thrift Stores

Resale Platforms

Second-Hand Clothing Market By Application, 2020-2029, (USD Million)

Men’s Clothing

Women’s Clothing

Kids Clothing

Second-Hand Clothing Market Regional Insights

North America: The market in North America is expected to grow at a significant rate due to the high adoption of e-commerce and the increasing use of IoT and AI technologies. The U.S. and Canada are expected to be major contributors to the market growth.

Europe: The market in Europe is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for contactless delivery options. The UK, Germany, and France are expected to be major contributors to the market growth.

Asia Pacific: The market in Asia Pacific is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for Second-Hand Clothing Market in countries such as China, Japan, and South Korea.

Latin America: The market in Latin America is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Second-Hand Clothing Market in countries such as Brazil and Mexico.

Middle East and Africa: The market in Middle East and Africa is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Second-Hand Clothing Market in countries such as Saudi Arabia, UAE, and South Africa.

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TABLE OF CONTENTS

Global Second-Hand Clothing Market Research Report 2023 – 2029

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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