Secondhand Apparel Market Updates

Global Secondhand Apparel Market size was valued at USD 39.14 Billion in 2023 and is poised to grow from USD 43.49 Billion in 2024 to USD 100.95 Billion by 2032, growing at a CAGR of 11.1% in the forecast period (2025-2032).

The global secondhand apparel industry is highly competitive, driven by the sustainability trends, affordability, and the growing popularity of circular fashion. ThredUp is a key player in the online secondhand market, providing a wide range of affordable pre-owned clothing while partnering with brands to create resale-as-a-service (RaaS) models. Major players in this market include ThredUp, Poshmark, The RealReal, Depop, and Vestiaire Collective, along with traditional retailers and brands entering the resale space. 'ASOS Plc', 'Bahaal Technologies Pvt Ltd', 'Depop Ltd.', 'eBay Inc.', 'Etsy Inc.', 'Hennes and Mauritz AB', 'leboncoin', 'Patagonia Inc.', 'Poshmark Inc.', 'SHEIN', 'The RealReal Inc.', 'ThredUp Inc', 'UNIQLO India Pvt. Ltd.', 'Vestiaire Collective', 'VINTED INC.'

The market is experiencing significant growth due to developing consumer assumptions, and includes used clothes, old clothes and eco-fashion. This trend is caused by the availability of second-hand clothing through various channels, including online sales platforms, boots, rental platforms and marketplace. Circular Economy Concept receives traction. In the fashion industry, fashion brands form direct partnerships and trade alliances to promote the resale of clothing.

Increase in Resale Platforms for Used Clothing: The market is experiencing a significant change because consumers are approaching online resale platforms for high quality, used clothing. Platforms such as Tradup and The Realial have gained popularity by carefully cuisting their classification of the clothes and ensuring both style and quality. This trend is inspired by the facility and privatization that these digital marketplaces, together with increasing demand for stability and strength.

North America dominated the industry during the forecast period. The presence of leading sports apparel brands, the high influence of sports on fashion and culture, and the presence of a developed online and offline retail infrastructure allows this region to bring in the most revenue. The United States is expected to bring in the most sales of sports apparel followed by Canada in the long run.