Apparel Resale Market Size, Share and Trend Analysis by Region, Category Performance and Competitive Landscape to 2027
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Apparel Resale Market Report Overview
The apparel resale market size was estimated at $193.7 billion in 2023. The market is expected to achieve a CAGR of more than 12% during 2023-2027. The growth is attributed to the prevalent practice of buying second-hand apparel because many traditional brands and retailers are launching their own resale platforms. Such ventures are destigmatizing and increasing awareness of the resale channel.
Global Apparel Resale Market Overview, 2023-2027 ($ Billion)
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The Apparel Resale Market research report offers a comprehensive overview and analysis of the global Apparel resale market and the key trends shaping it. The report also includes the market sizes and forecasts for 48 countries and category breakdowns. In addition, the report provides in-depth insights on the leading companies along with key information, including their market presence, product range, social media analysis, and selling channels. These details will help in understanding the success mantras of leading resale players, which, in turn, will help you design winning strategies to explore untapped opportunities.
Market Size (2023) | $193.7 Billion |
CAGR (2023-2027) | >12% |
Historical Period | 2017-2023 |
Forecast Period | 2024-2027 |
Key Regions | · Asia-Pacific
· Americas · Europe · Middle East and Africa |
Key Countries | · China
· The USA · Germany · Japan · The UK · India |
Key Categories | · Clothing
· Footwear · Accessories |
Leading Brands | · ThredUP
· eBay · The RealReal · Sellpy · Shelter |
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Apparel Resale Market Dynamics
The democratization of online resale platforms is one of the primary factors driving the apparel resale market growth. For instance, platforms such as Vinted and Vestiaire Collective have established themselves as major destinations for second-hand apparel purchases owing to their intensive marketing. Furthermore, many fashion brands, such as Shein and The RealReal, have launched their own resale platforms to penetrate the market. This also helps the brands in improving their sustainability credentials and focusing on ESG. Moreover, digitalization is not only supporting the growth of these platforms but also enabling more accessibility to the resale market for the customers. Such factors will fuel market sales in the coming years.
Apparel Resale Market Segmentation by Categories
The clothing category led the apparel resale market in 2023
The key categories in the apparel resale market are clothing, footwear, and accessories. The clothing category will attain further market share growth during the forecast period owing to its easy availability on resale platforms. The category accessibility will continue to improve because an increasing number of fashion brands, such as The RealReal and eBay, are entering the market.
Apparel Resale Market Analysis, by Categories, 2023 (%)
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Apparel Resale Market Segmentation by Regions
Asia-Pacific led the apparel resale market in 2023
The key regions in the apparel resale market are the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The mitigaton of the stigma surrounding the buying of second-hand items in developing countries, such as China and India, has propelled the market growth in APAC. Furthermore, the region’s share of the global resale market is expected to rise significantly by 2027 because of the growing popularity of resale products and the increase in online resale players.
The major countries in the apparel resale market are China, the USA, Germany, Japan, the UK, and India among others. In 2023, China surpassed the US as the largest resale market. This growth is attributed to the rising demand for and reduced disapproval of second-hand purchases.
Apparel Resale Market Analysis, by Regions, 2023 (%)
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Apparel Resale Market - Competitive Landscape
A few of the leading brands in the apparel resale market are:
- ThredUP
- eBay
- The RealReal
- Sellpy
- Shelter
thredUP is one of North America’s leading secondhand marketplaces. It has more than 1.7 million active buyers as of September 2023, and around 55,000 brands to shop from across womenswear and childrenswear. To cater to the growing demand, thredUP launched an affordable resale platform, 777 Thrift, in February 2023. The platform features clothing and accessories from popular high street brands such as Zara, Old Navy, J CREW, and American Eagle at affordable prices.
Apparel Resale Market Analysis, by Brands, 2023 (%)
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Key Segments Covered in this Report
Apparel resale Market Categories Outlook (Value, USD Billion, 2017-2027)
- Clothing
- Footwear
- Accessories
Apparel resale Market Regional Outlook (Value, USD Billion, 2017-2027)
- Americas
- Asia-Pacific
- Europe
- Middle East and Africa
Scope
The Global Apparel Resale Market 2027 report offers comprehensive insight and analysis of the global apparel resale market. The report includes the market sizes and forecasts for 48 countries and category breakdowns. In addition, the report elucidates the key trends shaping the market and the leading companies in apparel resale.
Key Highlights
- While the growth of the global apparel resale market will slow down in the forecast years as the market matures, it will still experience double-digit growth as emerging markets embrace the practice further.
- While rising inflation poses a threat to the global apparel resale market due to strained discretionary incomes, few consumers look towards the resale market to purchase more affordable apparel.
- Eastern Europe and Asia’s apparel resale market will account for the strongest growth during the forecast period owing to its booming economies and a significant presence of online resale platforms.
- Clothing makes up the majority of the global apparel resale market and is set to increase its mix of the total market by 2027.
Reasons to Buy
The report will help in:
- Understanding the reason behind the exponential growth in the apparel resale market, and the differentiation between categories.
- Learning about the geographical differences in the way consumers shop for apparel resale, and which are the key countries driving the market growth.
- Discovering the success mantras of the leading resale players and identifying methods to integrate the same to upscale your own business.
Vestiaire Collective
Zara
H&M
Stock X
Kick Game
Shein
Depop
Sefridges
The Handbag Clinic
Vintage Threads
Madewell
ThredUP
Known Source
Archive Six
Sylk
Linear
eBay
Adidas
Nike
Bape
Supreme
Certilogo
PrettyLittleThing
Cudoni
Dotte
On Running
Lululemon
Sellpy
Poshmark
Hongbulin
Brand Off
The Luxury Closet
The RealReal
Hollister
777 Thrift
Old Navy
J Crew
American Eagle
11 Honoré
Dia & Co.
Comme des Garçons
Play
Issey Miyake
NA-KD
Saucony
Superga
Shelter
Beyond Retro
FatFace
AllSaints
Jaeger
Ralph Lauren
Russell & Bromley
Farfetch
Hugo Boss
Table of Contents
Table
Figures
Frequently asked questions
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What was the apparel resale market size in 2023?
The apparel resale market size was valued at $193.7 billion in 2023.
-
What will the apparel resale market growth rate be during the forecasy period?
The apparel resale market is expected to grow at a CAGR of more than 12% during 2023-2027.
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Which region led the apparel resale market in 2023?
Asia-Pacific led the apparel resale market in 2023.
-
Which category led the apparel resale market in 2023?
The clothing category led the apparel resale market in 2023.
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Which are the leading brands in the apparel resale market?
A few of the leading apparel resale brands are ThredUP, eBay, The RealReal, Sellpy, and Shelter among others.
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