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HomeBusinessGlobal resale apparel market soars 17.6% to $204.7 billion in 2024: GlobalData

Global resale apparel market soars 17.6% to $204.7 billion in 2024: GlobalData

04 February 2025: Global resale apparel market experienced its fourth consecutive year of double-digit growth in 2024, driven by continued appetite for preloved fashion. The market witnessed a growth of 17.6% to reach $204.7 billion last year, outperforming the traditional apparel market, which only grew a meager 0.1%, reveals GlobalData.

According to GlobalData forecasts, the resale apparel market is set to continue experiencing strong growth, rising by 13.3% in 2025, with a compound annual growth rate (CAGR) of 11.4% expected between 2023 and 2028.

Alice Price, Apparel Analyst at GlobalData said “The resale apparel market has been benefitting from consumers seeking more affordable fashion, especially in regions like North America and Europe, where shoppers are facing greater economic uncertainty. This is coupled with rising environmental awareness, as consumers become more conscious of the amount of fashion ending up in landfills, as well as the continued investments online platforms such as Vinted, Depop, and eBay are making to enhance and expand their propositions.”

Asia Pacific and the Middle East and Africa are the two regions expected to see the strongest growth in the forecast years, rising at CAGRs of 14.1% and 11.6% between 2023 and 2028, respectively, as the stigma associated with purchasing secondhand goods lessens and awareness of fashion’s impact on the planet spreads. Luxury resale is especially gaining popularity, with consumers in these regions having a particular penchant for designer goods.

Meanwhile, the Americas and Europe are anticipated to experience the weakest growth, with these regions already having well established resale markets, and Latin America and Eastern Europe’s lower online penetrations restricting platform development.

Price concludes: “Across all these markets combined, footwear is forecast to experience the strongest growth between 2023 and 2028, with a CAGR of 13.8%, and its share of the market rising 1.3ppts to 13.2%. This is driven by the popularity of resale trainers, especially limited edition and rare styles, which can gain value over time.

“Accessories is also expected to see its share rise marginally, by 0.1ppt to 9.9%, with a forecast CAGR of 11.6%, as secondhand designer items like handbags become increasingly desirable to aspirational shoppers priced out of the traditional luxury market. Though clothing will continue to account for the majority of resale apparel sales, it is anticipated to experience the slowest CAGR in the forecast years of 11.0%. Its share will also contract 1.5ppts to 76.9%, as the other categories become more established.”

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