Europe's second-hand apparel industry is estimated to hit a value of US$ 17,329.90 million in 2024. The momentum is forecast to prevail with a CAGR of 7.70%, taking the valuation to a projected US$ 36,368.10 million by 2034. The growth of the European second-hand apparel industry echoes the increased consciousness and knowledge of sustainability.
Where the condemnation of normal consumers is trending toward environmental degradation, consumers are increasingly looking for a way out of this dilemma, and used clothing is increasingly becoming an alternative. This change in the mindset of the consumer is now redefining the dynamics of the fashion industry, and second-hand apparel is becoming the absolute front runner in being looked upon as a valid and ethical choice.
The emergence of digital platforms, those specializing in the clothes' resale market, has further broadened the spectrum and repositioned second-hand fashion in a way that was never imagined could be possible. It is, therefore, made "democratic" to some level when it comes to selling on resale touchpoints by brands like Depop, Vestiaire Collective, and Vinted to make it easy to sell pre-loved garments online.
Attributes | Details |
---|---|
Industry Size of Europe in 2024 | US$ 17,329.90 million |
Expected Industry Size of Europe by 2034 | US$ 36,368.10 million |
Forecasted CAGR between 2024 to 2034 | 7.70% |
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Rebirth of Thrift Shopping
The culture of thrift shopping that was otherwise relegated to small markets of boutique has, in recent times, become popularly attended to by the broad section of the masses. Thrill in finding something unique and mostly vintage at throw away prices appeals to customers who are searching for individuality and style as part of the sustainable movement.
The Influence of Social Media on Fashion Consciousness
The interruption of digital media and social media platforms directly redesigned the interaction between consumers and fashion into a culture of people conscious of fashion, inspired by celebrities and influencers online. The normalization of thrift apparel has been related to influencers and celebrities who display a kind of lifestyle of buying second-hand apparel on different social sites.
Growth in the Luxury Resale Market
The luxury resale industry is burgeoning with a boom rate. The aspirations toward being value-conscious among people are increasing in terms of their desire for access to premium brand products at relatively lower prices. Thus, luxury resale platforms are not only concerned with recycling authenticated pre-owned designer pieces that allure consumers toward the glamour of luxury fashion with an incredibly reduced impact on the environment but also require reduced financial investments to a considerable extent.
Rental and Subscription Services
Clothes-renting companies to subscription services are becoming an ideal option for customers to walk down the aisle in a single dress or fulfill other specific needs without the consequences of wear and tear. Renting also provides the opportunity for people to experiment with different styles and fashion trends within their wardrobe and leave long-term assets tied up in a trendy piece.
The section offers a comparative analysis of the second-hand apparel industry in Europe, along with the apparel re-commerce industry and secondhand apparel market. It highlights the forecasted CAGR from 2024 to 2034, as well as key trends and opportunities for each sector.
Europe Second-hand Apparel Industry:
Attributes | Europe Second-hand Apparel Industry |
---|---|
Forecast CAGR between 2024 to 2034 | 7.70% |
Key Trends | The usage of blockchain technology for purposes of authentication and traceability in pre-owned garments will be a growing trend that can increase customer confidence in the trading platform through the exposure of second-hand resale marketplaces |
Key Opportunities | There are many collaborative opportunities in the case of traditional fashion brands with the resale marketplaces that give great hope for the demand for alternatives in the fashion industry |
Apparel Re-Commerce Market:
Attributes | Apparel Re-Commerce Market |
---|---|
Forecast CAGR between 2024 to 2034 | 24.6% |
Key Trends | Rising popularity of peer-to-peer re-commerce platforms, enabling individuals to directly buy, sell, and trade pre-owned clothing within their communities |
Key Opportunities | Expansion into specialty markets with products such as vintage sportswear and streetwear, catering to the tastes of collectors and enthusiasts because ordinary e-commerce stores and apps do not accommodate them |
Secondhand Apparel Market:
Attributes | Secondhand Apparel Market |
---|---|
Forecast CAGR between 2024 to 2034 | 11.1% |
Key Trends | Clothing and repair subscriptions, sparked by interest from a customer base with sustainability and conscious consumption habits top-of-mind, are on the rise |
Key Opportunities | Integration of the latest artificial intelligence and machine learning algorithms, which make hyper-personalized recommendations, more so with customers who are "hunting" their way into second-hand clothing |
The section offers an analysis of the dominant segments influencing the demand outlook for second-hand apparel in Europe.
Dominant Segment by Product Type | Party, Evening & Occasion Wear |
---|---|
Share held by the Segment in 2024 | 21.30% |
Party, evening, and occasion wear currently hold a share of 21.3% in Europe’s second-hand apparel industry.
Dominant Segment by Consumer Orientation | Women |
---|---|
Share held by the Segment in 2024 | 55.10% |
Women segment remains dominant in the Europe second-hand apparel industry and is expected to command a 55.1% in 2024.
Countries | CAGR from 2024 to 2034 |
---|---|
Germany | 5.40% |
United Kingdom | 3.70% |
France | 6.60% |
Italy | 7.40% |
Spain | 8.10% |
Italy's second-hand apparel industry to rise at a projected CAGR of 7.4% from 2024 to 2034.
Germany's second-hand apparel industry is projected to rise at a CAGR of 5.4% by 2034.
France's second-hand apparel industry is expected to expand at a CAGR of 6.6% through 2034.
The United Kingdom boasts a mature second-hand apparel industry, with a projected CAGR of 3.7% through 2034.
Spain's second-hand apparel industry is poised for explosive growth, with a projected CAGR of 8.1% through 2034.
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The European second-hand apparel industry is a thriving battlefield with established players and new entrants vying for dominance. Major online resale platforms like Vinted, Depop, and Vestiaire Collective are leading the charge, offering user-friendly interfaces and curated experiences to attract a broad customer base.
European luxury behemoths like The RealReal and Rebag have clocked in their expansive moves into in-house authentication and luxury level curation done on a slew of pre-owned designer wares. Meanwhile, the more recent entrance of even fast-fashion greats, such as H&M or Zara, feeling out the potential of garment collection and resale programs might be a hint at a larger systemic shift toward a circular fashion model within the industry.
This is further enhanced by the sustained existence of conventional players. The brick-and-mortar thrift and charity stores keep the heartbeat of the European second-hand apparel industry at high standards, contributing a wealth of rare finds and lots of options for their clientele operating on a shoestring.
The industry environment is dynamic and rife with opportunities, given niche players who would occupy the domain to offer more boutique-style unique vintage clothing, sportswear, or children's offers. The companies that satisfy this niche, demarcate the customer segments, and what makes these offers unique, offer particular relevance, and make these shopping experiences more relevant are bound to gain the most amongst the rest.
Recent Developments Observed in Europe Second-hand Apparel Business
The second-hand apparel industry in Europe is poised to reach US$ 17,329.90 million by 2024.
The industry is anticipated to surpass a valuation of US$ 36,368.10 million by 2034.
The demand for second-hand apparel in Europe is likely to rise at a CAGR of 7.70% from 2024 to 2034.
Women segment has captured the dominant segment of the industry in 2024.
The party, evening & occasion segment is anticipated to lead the industry in 2024.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.1.2. Mid-Level Participants (Traders) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Dresses & Tops 5.3.2. Shirts & T-Shirts 5.3.3. Sweater 5.3.4. Coats & Jackets 5.3.5. Jeans & Pants 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sector 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sector, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sector, 2024 to 2034 6.3.1. Resale 6.3.2. Traditional Thrift Stores & Donations 6.4. Y-o-Y Growth Trend Analysis By Sector, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Sector, 2024 to 2034 7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Group 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Consumer Group, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Consumer Group, 2024 to 2034 7.3.1. Men 7.3.2. Women 7.3.3. Kids 7.4. Y-o-Y Growth Trend Analysis By Consumer Group, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Consumer Group, 2024 to 2034 8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034 8.3.1. Wholesalers/Distributors 8.3.2. Hypermarkets/Supermarket 8.3.3. Multi-Brand Store 8.3.4. Independent Small Stores 8.3.5. Departmental Stores 8.3.6. Online Retailers 8.3.7. Other Sales Channel 8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034 9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023 9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034 9.3.1. Spain 9.3.2. Germany 9.3.3. Netherlands 9.3.4. France 9.3.5. Italy 9.3.6. Russia 9.3.7. Rest of Europe 9.4. Market Attractiveness Analysis By Country 10. Spain Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Region 10.2.2. By Product Type 10.2.3. By Sector 10.2.4. By Consumer Group 10.2.5. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Region 10.3.2. By Product Type 10.3.3. By Sector 10.3.4. By Consumer Group 10.3.5. By Sales Channel 10.4. Key Takeaways 11. Germany Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Region 11.2.2. By Product Type 11.2.3. By Sector 11.2.4. By Consumer Group 11.2.5. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Product Type 11.3.3. By Sector 11.3.4. By Consumer Group 11.3.5. By Sales Channel 11.4. Key Takeaways 12. Netherlands Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.2. By Product Type 12.2.3. By Sector 12.2.4. By Consumer Group 12.2.5. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Product Type 12.3.3. By Sector 12.3.4. By Consumer Group 12.3.5. By Sales Channel 12.4. Key Takeaways 13. France Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.2. By Product Type 13.2.3. By Sector 13.2.4. By Consumer Group 13.2.5. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Product Type 13.3.3. By Sector 13.3.4. By Consumer Group 13.3.5. By Sales Channel 13.4. Key Takeaways 14. Italy Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Region 14.2.2. By Product Type 14.2.3. By Sector 14.2.4. By Consumer Group 14.2.5. By Sales Channel 14.3. Market Attractiveness Analysis 14.3.1. By Region 14.3.2. By Product Type 14.3.3. By Sector 14.3.4. By Consumer Group 14.3.5. By Sales Channel 14.4. Key Takeaways 15. Russia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Region 15.2.2. By Product Type 15.2.3. By Sector 15.2.4. By Consumer Group 15.2.5. By Sales Channel 15.3. Market Attractiveness Analysis 15.3.1. By Region 15.3.2. By Product Type 15.3.3. By Sector 15.3.4. By Consumer Group 15.3.5. By Sales Channel 15.4. Key Takeaways 16. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.2. By Product Type 16.2.3. By Sector 16.2.4. By Consumer Group 16.2.5. By Sales Channel 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Product Type 16.3.3. By Sector 16.3.4. By Consumer Group 16.3.5. By Sales Channel 16.4. Key Takeaways 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product Type 17.3.3. By Sector 17.3.4. By Consumer Group 17.3.5. By Sales Channel 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Vinted 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Ebay 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Vestaire Collective 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Garson & Shaw 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Depop 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. F&P Stock Solutions 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Etsy 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Yaga 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Farfetch 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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