Press release
Apparel Resale Market to Soar to USD 184.49 Billion by 2030, Fueled by a 14.27% CAGR
Apparel Resale Market
August 14, 2024 - The Apparel Resale market size was valued at USD 72.52 Bn. in 2023 and the total Apparel Resale Market revenue is expected to grow at a CAGR of 14.27 % from 2024 to 2030, reaching nearly USD 184.49 Bn. by 2030.
Apparel Resale Market Overview:
The purchase and selling of previously owned clothes and fashion goods is known as apparel resale. The services provided by the apparel resale market are fueled by the fashion industry's ongoing innovations.
The ever-changing landscape places the apparel resale market in a position to make a significant, internationally competitive contribution to the fashion sector. The growing trend of value-conscious buying, the need from consumers for sustainable fashion, and the convenience of access and transactions made possible by digitization are the main drivers of the clothes resale sector. The market offers a wealth of potential for innovation in the years to come, as major industrial participants place an increasing emphasis on sustainability activities.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/apparel-resale-market/2348
What are Apparel Resale Market Dynamics?
As the industry grows, reselling platforms lead to an increase in the product Lifecycle of branded clothes.
Clothing resale is encouraged by several manufacturers in order to extend the life of their products. For instance, Gucci offers old clothing through a link on their website so that everyone may affordably experience fashion. The Gucci brand may be worn and selected from a wide range of clothing items without diminishing its market worth. Increased customer demand in stores is driving vendor transactions of general apparel on e-commerce sites like as Tradesy and Poshmark.
The next big thing in fashion seems to be digital resale. Resellers look for business alliances and business-to-business partnerships to serve as a platform for the distribution of items from premium companies. a website where consumers can buy and sell luxury consignment items like Hermes, Chanel, and Louis Vuitton, approved by The RealReal and the Vestiaire organizations. Platforms that encourage the process of selling in the clothing secondhand market give the commission to the vendors and sellers.
What is Apparel Resale Market Regional Insight?
With a XX CAGR in 2023, the apparel resale market was dominated by the North American quarter. Growing numbers of ethical consumers are one of the key factors driving the U.S. clothing secondhand market's expansion. Influencers are quite prominent on social media in North America and have a thriving culture there. Numerous famous people and influencers support the Apparel Resale Market and sustainable fashion for their audience. Increased market acceptability and awareness have been greatly aided by their impact.
What is Apparel Resale Market Segmentation?
By Product Type
Dresses & Tops
Shirts & T-Shirts
Sweaters, Coats & Jackets
Jeans & Pants
Others
By Apparel Sector
Resale
Traditional Thrift Stores & Donations
By Target Population
Men
Women
Kids
By Sales Channel
Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channel
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/apparel-resale-market/2348
Some of the current players in the Apparel Resale Market are:
Thredup Inc. (USA)
The RealReal (USA)
Poshmark (USA)
A&E Used Clothing Wholesale (USA)
EBay Inc. (USA)
Mobacotex (Spain)
Tradesy (USA)
StockX (USA)
Macy (USA)
Mercari (USA)
Rebag Company (USA)
Refashioner (USA)
Swap.com (USA)
HunTex Recycling Kft (Hungary)
British Used Clothing Company (UK)
Depop (UK)
Vinted (UK)
Micolet (Spain)
Percentil Maroc (Spain)
Thrift+ (UK)
Chikatex (Spain)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/apparel-resale-market/2348
Key Questions answered in the Apparel Resale Market Report are:
Which region held the largest Apparel Resale Market share in the Apparel Resale Market?
What is the expected Apparel Resale Apparel Resale Market size by 2030?
Which factors are the opportunities for the Apparel Resale Apparel Resale Market growth?
What are investment opportunities for the Apparel Resale Apparel Resale Market?
What are the recent industry trends that were implemented to generate additional revenue streams for the Apparel Resale Market?
Which segment dominates the Apparel Resale Market?
Key Offerings:
Past Market Size and Competitive Landscape
Apparel Resale Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Apparel Resale Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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