Apparel Re-commerce Market Outlook on Key Growth Trends, Factors and Forecast 2030

The Apparel Re-commerce Market is valued at around USD 72.12 Billion in 2022 and is expected to reach USD 652.3 Billion by 2030, registering a CAGR of 24.6% over the forecast period.

ensuring that consumers have easy access to the global clothing market Some of the major e-commerce companies, including online fashion, have dramatically increased global B2C e-commerce sales.

The market has been observing a new trend as the number of online clothes merchants rises and the demand for reselling items rises concurrently. In recent years, the market for apparel resale has grown significantly. An online marketplace that makes it simple to buy and sell used clothing is known as apparel re-commerce. Whether they are shoes or another kind of accessory, customers may now buy and sell clothing accessories more readily. Numerous websites and online shops offer customers clothing and accessories at discounted prices and with alluring promotions, which helps the business grow.

What Is Resale-Commerce and How Does It Work?

Reselling of clothing, shoes, and accessories is referred to as "re-commerce." Re-commerce has grown significantly recently.

Re-commerce, as the name suggests, is a method for purchasing both new and worn clothing at a discount. Another name for it is "resale."

The practise of buying and selling used clothing is referred to as fashion re-commerce. Buying new apparel at a discount from retail prices is a great alternative. Reusing footwear and apparel is a fantastic way to promote fashion re-commerce while helping the environment.

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In 2017, the US discarded 13 million tonnes of textiles, and 85% of those were either burned or dumped in landfills. The average American discards around 37 kilogrammes of clothing annually, according to estimates. By the year 2030, we expect to waste more than 134 million tonnes of textiles annually. As a result, the fashion industry is one of the least "sustainable" ones.

Buying secondhand clothing involves more than just finding a cheap outfit. It also has to do with preserving the environment.

What is India's position on clothes re-commerce?

The re-commerce of fashion has not yet had a significant effect on India. Despite the fact that there have been numerous firms operating in the fashion rental market, no pure re-commerce operator in the fashion space has yet to emerge in India. Even the unicorn of India, Meesha, began as a reseller that facilitated social commerce before converting to a pure-play e-commerce marketplace model.

Many products are offered at fair prices.

Thanks to the apparel re-commerce markets, customers have the option of obtaining their chosen clothes and stylish accessories at affordable prices and without having to leave their homes. The amenities available to customers include displays for the products that are for sale. The website of the online retailer educates the customer by providing images and information about the products. Using these as a guide, customers can choose the size, color, and other features for their preferred products.

Numerous companies and manufacturers have entered and invested in the re-commerce industry as a result of the market's overwhelmingly positive response, offering a variety of apparel combos, luxury goods, and clothing resale. The supply and demand for seasonally suitable clothing and accessories, the expanding appeal of branded clothing, and the growing penetration of customers, particularly millennials, are all contributing to the rise of the garment re-commerce business.

The High-Performance Car Market - Segmentation
The Apparel Re-commerce Market fragrance concentrates market has been sub-classified into material, product, end-user.

On the basis of end-user, the Apparel Re-commerce Market is bifurcated into:
• Adult
• Kids
• Others

On the basis of product, the market is segmented into:
• Clothing and garments
• Footwear
• Accessories
• Handbags
• Wristlet

The Window Packaging Market - Key Market players
Global key players of Apparel Re-commerce Market include Vestiaire Collective, The RealReal, Tradesy, Poshmark, ThredUP, Vinted, SnobSwap, Threadflip and others.

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