Dublin, July 23, 2024 (GLOBE NEWSWIRE) -- The "Secondhand Apparel - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Secondhand Apparel is estimated at US$179.8 Billion in 2023 and is projected to reach US$430.8 Billion by 2030, growing at a CAGR of 13.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AB Lindex, Chikatex SL, Depop Limited, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the secondhand apparel market is driven by several factors. One of the primary drivers is the increasing consumer demand for sustainable and ethical fashion options, as awareness of the environmental and social impacts of fast fashion continues to rise. Technological advancements, particularly the proliferation of online marketplaces and mobile apps, have made buying and selling secondhand clothing more accessible and convenient. The economic downturns and financial uncertainties brought about by global events like the COVID-19 pandemic have also led more consumers to seek cost-effective shopping alternatives.
Furthermore, the expanding middle class in emerging economies is driving demand for affordable yet stylish clothing, contributing to the growth of the secondhand market. Additionally, fashion brands and retailers are beginning to embrace the resale model, integrating secondhand offerings into their business strategies to attract eco-conscious consumers. These factors collectively ensure that the secondhand apparel market will continue to expand, reflecting broader shifts in consumer behavior and industry practices towards sustainability and value-driven shopping.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Secondhand Dresses & Tops segment, which is expected to reach US$168.1 Billion by 2030 with a CAGR of a 13.6%. The Secondhand Shirts & T-Shirts segment is also set to grow at 12.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $49 Billion in 2023, and China, forecasted to grow at an impressive 17.8% CAGR to reach $95.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Secondhand Apparel Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Secondhand Apparel Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Secondhand Apparel Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 51 Featured):
- AB Lindex
- Chikatex SL
- Depop Limited
- Etsy, Inc.
- H&M Group
- Micolet Web, SL
- Mobacotex, SL
- Poshmark, Inc.
- thredUP, Inc.
- Thrift+
- Uniqlo Co. Ltd.
- Vestiaire Collective
- Vinted Inc.
- Wallapop
- Zalando
Key Attributes
| Report Attribute | Details |
| No. of Pages | 294 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $179.8 Billion |
| Forecasted Market Value (USD) by 2030 | $430.8 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Secondhand Apparel - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Consumer Awareness About Sustainability and Ethical Fashion Spurs Demand
- Growth of Online Thrift Stores and Marketplaces Expands Addressable Market Opportunity
- Increasing Popularity of Vintage and Retro Fashion Drives Market Growth
- Economic Uncertainty and Cost-Saving Trends Generate Demand for Affordable Apparel
- Rising Influence of Social Media and Fashion Influencers Sustains Interest
- Adoption of Circular Economy Models Drives Growth in the Secondhand Apparel Market
- Increasing Investment in Sustainable Fashion Initiatives Expands Opportunities
- Growth in Consumer-to-Consumer (C2C) Resale Platforms Strengthens Market
- Integration of Digital Payment Solutions in Secondhand Marketplaces Generates Demand
- Strategic Partnerships Between Retailers and Charities Drive Market Trends
- Increasing Focus on Personalization and Customization in Secondhand Fashion Drives Adoption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/k1lq7b
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