Apparel Resale Market to Expand from USD 72.52 Billion in 2023 to USD 184.49 Billion by 2030, at a CAGR of 14.27%

The 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 72.52 billion in 2023 and is expected to grow at a CAGR of 14.27% from 2024 to 2030, reaching approximately USD 184.49 billion by 2030. This growth is driven by rising consumer demand for sustainable fashion and the increasing adoption of digital resale platforms.

𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The apparel resale market focuses on the buying and selling of pre-owned clothing, driven by growing interest in sustainable and value-conscious fashion. The market is characterized by its ability to offer cost-effective, eco-friendly solutions while maintaining style and quality. Digital platforms, such as Poshmark and The RealReal, are transforming the landscape by making second-hand clothing accessible to a global audience. The market is also supported by consumer preferences for vintage and branded items, coupled with innovations in personalization and authentication.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/apparel-resale-market/2348

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

Key drivers include the rising consumer awareness of environmental sustainability and the adoption of the circular economy, which emphasizes reuse and recycling in fashion. Economic considerations, such as affordability, are also encouraging more consumers to choose resale options. The digitalization of resale platforms has made it easier for customers to access diverse collections and facilitated seamless transactions. Additionally, the growing popularity of vintage clothing and endorsements by celebrities on social media have fueled market growth, especially among Millennials and Gen-Z.

𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends include the integration of AI-driven personalization on resale platforms, enabling customized shopping experiences. The rise of vintage and designer second-hand clothing is attracting style-conscious consumers seeking unique pieces. Circular fashion models, supported by partnerships between brands and resale platforms, are fostering innovation in the industry. North America leads the market, driven by social media influence and sustainable fashion awareness, while Asia-Pacific is rapidly expanding due to increased e-commerce adoption and a rising middle-class population.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/apparel-resale-market/2348 

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam has emerged as a significant player in the apparel resale market due to its booming e-commerce sector and a growing awareness of sustainable fashion. Recent partnerships between local e-commerce platforms and global resale companies have accelerated growth. Notable developments include Tiki Corporation's collaboration with ThredUp, enhancing cross-border trade in second-hand apparel.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's vibrant tourism sector and thriving fashion industry have boosted the resale market. A key development includes Pomelo Fashion's introduction of a resale platform, allowing customers to buy and sell pre-loved items. This initiative has not only attracted environmentally conscious consumers but also fostered a circular economy.

𝐉𝐚𝐩𝐚𝐧: 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Japan's market is characterized by high-quality second-hand goods and a tech-savvy population. Platforms such as Mercari and ZOZO have led the way in making resale mainstream. Recent innovations, including AI-driven recommendations for resale items, have enhanced user experience and widened the market's appeal.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

South Korea has seen significant mergers and acquisitions in the apparel resale sector. Coupang's acquisition of Kream, a leading resale platform, is a notable highlight, aiming to strengthen its presence in the second-hand luxury segment. These consolidations underline the growing competitiveness of the market.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's strategic location and high internet penetration make it a hub for the resale market in Southeast Asia. Recent collaborations, such as Carousell's partnership with Refash, have modernized the market by integrating seamless payment systems and efficient logistics solutions.

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US remains the largest market for apparel resale, fueled by major players like Poshmark, ThredUp, and The RealReal. Recent developments include the expansion of direct-to-consumer channels and partnerships with leading retailers. For example, Nordstrom's collaboration with ThredUp has strengthened the market's foundation for sustainable fashion.

𝐄𝐮𝐫𝐨𝐩𝐞: 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Europe's emphasis on sustainability and stringent regulations for fast fashion have catalyzed growth in the resale market. Companies like Vinted and Depop dominate the space, while recent acquisitions, such as Etsy's purchase of Depop, signal consolidation and innovation in the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/apparel-resale-market/2348

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

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

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/apparel-resale-market/2348 

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ Vegetable Puree Market https://www.stellarmr.com/report/Vegetable-Puree-Market/1964
♦ Car Wash Service Market https://www.stellarmr.com/report/Car-Wash-Service-Market/1965
♦ Pizza Market https://www.stellarmr.com/report/Pizza-Market/1966
♦ Aircraft Evacuation Systems Market https://www.stellarmr.com/report/Aircraft-Evacuation-Systems-Market/1967
♦ Palm Sugar Market https://www.stellarmr.com/report/Palm-Sugar-Market/1968
♦ Aircraft Insurance Market https://www.stellarmr.com/report/Aircraft-Insurance-Market/1969

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

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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