At 11% Secondhand Apparel Market Size 2027 |Thredup Inc., The RealReal - PowerPoint PPT Presentation

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At 11% Secondhand Apparel Market Size 2027 |Thredup Inc., The RealReal


Among product type, the shirts & t-shirts segment is expected to exhibit a comparatively higher CAGR in the global secondhand apparel market in the near future, owing to changing consumer preference which is creating a demand for formal and casual shirts among working women labour force. – PowerPoint PPT presentation

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Title: At 11% Secondhand Apparel Market Size 2027 |Thredup Inc., The RealReal

Secondhand Apparel Market is Expected to Reach
US 67,522.9 Mn by 2027
  • April 2020

Report Id REP-GB-11161 Published On Mar
20,2020 Category Retail and Consumer Products
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Secondhand Apparel Market Analysis
  • The secondhand apparel market is projected to
    grow at a tremendous CAGR of 11 during the
    forecast period (2029-2027). A significant
    increase in millennial spending, preference in
    clothing brands, and overall economic growth are
    predominant factors driving the sales of
    secondhand apparel.
  • The young generation's inclination towards
    online reselling platforms to buy
    environmentally-friendly clothing will continue
    to be a major booster to sales, reveals Future
    Market Insights (FMI), in its new study.
  • Secondhand Apparel Market Key Takeaways
  • The Middle East Africa (MEA) will remain the
    key regional market for secondhand apparel.
  • MEA market is upheld by the high import of used
    clothing from the US and Europe, and high
    prevalence of secondhand clothes in Sub-Saharan
    African countries such as Kenya.
  • Dresses and tops will remain the sought-out
    categories, with more than 1/3rd of total sales.
  • Shirts and T-shirts would outpace other types of
    apparel in terms of growth in the near future.

Secondhand Apparel Market Analysis
  • Secondhand Apparel Market Key Driving Factors
  • Increasing spending power of millennials is
    enabling them to explore trendy, low cost, and
    classy-style used clothes.
  • Growing affordability and availability of used
    clothes are giving a significant thrust to sales
    of secondhand apparel.
  • Rise in working womens population, demand for
    formal dresses among women are expected to
    further drive the market.
  • Increasing consumer awareness of online resale
    platforms and rapidly growing online start-ups
    for selling pre-owned branded clothes is giving
    significant traction to sales.
  • Secondhand Apparel Market Key Constraint
  • The narrowing gap between the brand-new and
    secondhand apparel is expected to hold a
    considerable impact on the rapid growth of the

Secondhand Apparel Market Analysis
Competition Landscape Some of the leading
players in the secondhand apparel market are
Thredup Inc., The RealReal, Poshmark, Vinted,
Micolet,, Thrift, Chikatex, HunTex
Recycling Kft, British Used Clothing Company,
eBay Inc., AE Used Clothing Wholesale,
Mobacotex, Tradesy, StockX, among others. The
market players are investing in promotional
activities, expansion of sales outlets, and are
entering into strategic partnerships with
prominent retailers to cater to growing demand
from consumers. Request for covid19 Impact
Analysis https//
id19/REP-GB-11161 Press Release Source
Secondhand Apparel Market Analysis
  • Explore Extensive Coverage of FMIs Retail
    Consumer Products Landscape
  • BB Cream Market 
  • Air Mattress Market 
  • Smart Shoe Market
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Secondhand Apparel Market Analysis
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