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Apparel Re-commerce Market

Market Insights on Apparel Re-commerce covering sales outlook, demand forecast & up-to-date key trends

Apparel Re-Commerce Market By Companies (Tier-1 Companies, Tier-2 Companies, Tier-3 Companies), Product Type (Clothing and garments, Footwear, Accessories, Handbags, Others), End Users (Adults, Kids) & Region – Forecast to 2017-2032

Apparel Re-Commerce Market Snapshot

The Apparel Re-Commerce Market is likely to hold the global market at a moderate CAGR of ~24.6% during the forecast period. The global market holds a forecasted revenue of ~US$ 72.12 Billion in 2022 and is likely to cross ~US$ 652.3 Billion by the end of 2032.

The Apparel Re-Commerce market is anticipated to show promising growth prospects during the forecast period, expanding the Apparel Re-Commerce market size.

Attribute

Details

The Apparel Re-Commerce Market Estimated Size (2021)

~US$ 23.18 Bn

The Apparel Re-Commerce Market Estimated Size (2022)

~US$ 72.12 Bn

The Apparel Re-Commerce Market Projected Size (2032)

~US$ 652.3 Bn

The Apparel Re-Commerce Market CAGR (2022-2032)

~24.6%

Due to the increased global adoption of the internet, B2C e-commerce sales have been increasing significantly since 2010. E-commerce sales are growing with significant CAGR, making clothes market widely reachable to the customers all around the world. Some of the key e-commerce industries, such online fashion, have been crucial in boosting demand and driving up global B2C e-commerce sales.

The market has been seeing a new trend as online apparel stores continue to expand and the need for the re-commerce of apparel rises at the same time. In recent years, the re-commerce sector for garments has been growing quickly. An online marketplace that facilitates the purchasing and selling of used clothing is called apparel re-commerce. No matter if it is footwear or another accessory, apparel re-commerce has made it simpler for customers to buy and sell. There are number of websites and online e-commerce websites, that are providing the apparel and accessories to customers with discounted prices and attractive offers, helping the market to grow.

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Availability of number of products in affordable prices, changing fashion trends and entry of multiple manufacturers are some factors boosting the market growth.

The apparel re-commerce markets are giving the customers an opportunity to own their desired clothes and fashion accessories in affordable prices and without leaving house. There are multiple facilities provided to the customers, including showcasing the products on sale. The online website has images and product information, which helps educating the customer about the product. Using these as reference, customer can choose the size, colour and other choices for their desired products. There is also a peer-to-peer marketplace, where customers can compare the prices of same or similar products on sale over different marketplaces or websites. Along with ease in shopping, customers can also connect to the seller directly, if they have any queries or issues related to the product. The apparel re-commerce business is growing as a result of how simple online buying is.

Many companies and manufacturers have entered and invested in the re-commerce sector as a result of the market's overwhelmingly positive response, offering number of apparel combos, luxury goods, and reselling clothing. Supply and demand of the season specific apparel and accessories, increasing popularity of branded apparel and increasing penetration of customers, especially millennials are helping the apparel re-commerce market grow.

Lack of brand loyalty, counterfeit products and exploitation of return policies are the main restraints to apparel re-commerce market.

There are some major problems faced by the apparel re-commerce market, that are limiting the market growth in many regions. The first commonly faced problem is the lack of brand loyalty. Many brands are providing quality products to the customers, making sure that they do not go anywhere else. As there are multiple products available all over the market, customers do not prefer any single brand or product. Such competition and vast number of products then leads to weakening of brand trust and loyalty.

Some of these products are provided by counterfeit manufacturers. These products are relatively cheaper, but they also lack quality. This is another reason weakening the trust between a brand and its customers.

High return rates of the sold products is another problem faced by the re-commerce market. when customer is not satisfied with the product or receive wrong product, they can return that products to seller. There are different policies on returning the products, differing from seller to seller. Due to freedom for returns in specified days, users are exploiting these policies and returning products after using them for few days. Due to such problems, sellers are applying no return policies on their products, increasing complications for customers.

These problems are restraining the apparel re-commerce market.

Sneha Verghese
Principal Consultant
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Country Insights

American youth is supporting re-commerce market; as new fashion trends are taking over.

Millennials and Generation Z in US are interested in second hand apparel products. There are multiple fashion trends in US and updating wardrobe time to time is necessary. At such time, resale marketplaces are the go to place for American youth. Not just apparel and fashion products, there are several luxury products available for resale on these marketplaces. Due to changing lifestyles and increasing environmental awareness, Americans are embracing the apparel re-commerce market.

Chinese customers are not fan of second hand products, social status and superstitions being the reasons.

China is the biggest manufacturer and consumer of the apparel and accessories products. There are number of brands and counterfeit manufacturers, providing different products to the customers. Even though, purchasing second hand clothing at low price and using them is not attracting Chinese customers. Chinese customers are ignoring the resale markets, due to their social image and superstitions related to second hand clothing. Also, fake and counterfeit products are biggest concern for them. Again, viral infections and health concerns are another reason that apparel re-commerce is not popular in China.

Competitive Landscape

Some key players in the Apparel Re-Commerce market are Vestiaire Collective, The RealReal, Tradesy, Poshmark, ThredUP, Vinted, SnobSwap, Threadflip and others. These are popular and well-known brands all over the world.

  • Vestiaire Collective, a popular second-hand apparel market is relaunching its brand identity in March 2022, with a moto ‘Long Live Fashion!’. They also introduced five icon puppets, promoting the use of pre-loved clothing and also showcasing the diversity of the community, loving their services. The another reason is to spread awareness about the environmental effects of throwing away cloths and sustainable future of fashion market.
  • The Realreal, an authentic online market place for luxury goods have introduced sustainability calculator. This calculator shows the impact of resale of products like handbags, jewelry and many others. The calculator calculates the carbon emission and water footprint reduction due to resale of any specific product, indicating positive environmental effects of second hand products.
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Scope of Report

Attribute

Details

Growth Rate

CAGR of ~24.6% from 2022 to 2032

Base year for estimation

2021

Historical Data Available for

2017-2021

Forecast Period

2022-2032

Quantitative units

Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis

Segments covered

Companies, Product Type, End Users, Region

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key Companies Profiled

  • Vestiaire Collective
  • The RealReal
  • Tradesy
  • Poshmark
  • ThredUP
  • Vinted
  • SnobSwap
  • Threadflip
  • Others

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Apparel Re-Commerce Market

By Companies:

  • Tier-1 Companies
  • Tier-2 Companies
  • Tier-3 Companies

By Product Type:

  • Clothing and garments
  • Footwear
  • Accessories
  • Handbags
  • Others

By End User:

  • Adult
  • Kids

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

The Apparel Re-Commerce market is expected to reach a valuation of ~US$ 72.12 Bn in 2022.

Availability of different products from different brands, affordable prices and worldwide market reach are the main drivers for the apparel-resale market. changing lifestyles and ever-evolving fashion are other reasons that apparel re-commerce market is observing positive growth in few years.

Leading players operating in apparel Re-commerce market are Vestiaire Collective, The RealReal, Tradesy, Poshmark, ThredUP, Vinted, SnobSwap, Threadflip and among others.

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Sneha Verghese
Principal Consultant
LinkedIn
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Apparel Re-commerce Market