![]() ![]() Asia Pacific will be the fastest-growing region in apparel resale in forecast years, with spending expected to rise from 2022-2026, thanks to the conjunction of rising online penetration and a strong appetite for luxury and unique goods. The key regions in the apparel resale market are APAC, Europe, the Americas, and MEA. Apparel Resale Market Segmentation by Regions Since retail online penetration still tends to be very low in these regions, online resale platforms are yet to gain traction. In less developed countries like Malaysia and Thailand, second-hand markets are still the main channel for purchasing pre-owned apparel. The key trends in the apparel resale market are in-house resale services, authentication, changing trainer resale market, value and lower-mass market players, and success strategies of physical stores. The online channel will also help make purchasing resale more convenient and mainstream, particularly among young shoppers. This heightened supply and demand will drive growth in the resale market. ![]() Many shoppers are also thinking about the disposal of their clothing & footwear, and instead of throwing items out when unwanted, are choosing to sell or donate them to charity. The number of consumers looking to make more sustainable apparel purchases is continuing to grow, and for some, this is translating into buying more secondhand products. Vestiaire Collective, eBay, Depop, Vinted, Poshmark, GOAT, and Oxfam USA, China, Japan, Germany, UK, South Korea, Italy, India, France, and Spain The report also helps to understand what is behind the exponential growth in the apparel resale market, and the differentiation between categories. The apparel resale market research report provides insights into the geographical differences in the way consumers shop for apparel resale, and which are the key countries driving growth in the market. Consumers have an ever-growing choice of platforms and brands to purchase from, with players such as Vinted and Depop growing rapidly, and brands such as H&M and PrettyLittleThing launching their secondhand propositions.įor more apparel resale market forecast insights, download a free report sample ![]() The market is expected to grow at a CAGR of more than 16% from 2022 to 2026. The global apparel resale market size is $182.4 billion in 2022. ![]()
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