Press release
Second-Hand Clothing Market Size with CAGR of 12.4% | Share, Growth [2022-2029] | Industry Demand, On-Going Trends, Key Players, Application, Challenges and Strategies
The Global Second-Hand Clothing Market is forecast to reach above USD 27.5 billion by 2029 by rising at a compound annual growth rate (CAGR) of 12.4% throughout the forecast period from 2022 To 2029Second-Hand Clothing Market Overview
More than 10% of the global carbon footprint is attributed to the apparel business. Fashion remodelling is becoming more and more necessary, and consumers now expect transparent processes from businesses. The sustainable fashion movement has replaced fast fashion, which causes pollution, climate change, and unethical labour practises.
The stakeholders and CXOs are informed about the most recent developments and the current scenario by this study on the secondhand clothing market. In order for the CXOs to fully understand the constantly shifting market dynamics and act appropriately, every aspect has been carefully considered and incorporated into the report.
The global Second-Hand Clothing market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
· In July 2021, Madewell partnered with ThredUP to sell secondhand apparel through its online sales platform.
For instance, in 2020, Tradesy, a designer reseller, acquired Fitz, a styling service, to compete with The RealReal.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Second-Hand Clothing market manufacturers. The revenue created from the sales of Second-Hand Clothing Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are ThredUP, Poshmark, The RealReal, Tradesy, Buffalo Exchange, eBay, Mercari, Alibaba Group and Others.
The Second-Hand Clothing Market has been segmented as below:
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
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Second-Hand Clothing Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Second-Hand Clothing market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Second-Hand Clothing Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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