211 billion US dollars market! The top 20 brands in the global resale market are announced!

IPMARK.com has released the 20 most popular brands in the second-hand market. The second-hand clothing market will continue to grow in the next few years. According to data collected in the "Resale Report 2023" report compiled by the second-hand platform ThreadUp, global second-hand sales are expected to reach US$351 billion in 2027.

The global second-hand fashion market grew by 28% to $177 billion in 2022, compared to 2021 figures ($138 billion). The trend is expected to continue to rise in 2023, when it is expected to reach $211 billion, and is expected to grow by 10% in 2024 ($248 billion).

The global second-hand fashion market grew by 28% to $177 billion in 2022, compared to 2021 figures (US$138 billion). The trend is expected to continue to rise in 2023, when it is expected to reach $211 billion, and in 2024 it is expected to grow by 10% to $248 billion.

Here are the 20 most popular second-hand brands sorted out by IPMARK.com:

US Market

In the United States, for example, the apparel resale market will have a turnover of $39 billion by 2022, growing five times faster than the traditional industry. The U.S. apparel resale market is expected to accelerate growth by 26% by 2023. By 2024, it is expected to grow by 33%.

The report states that the U.S. resale market is expected to grow nine times faster than the apparel market by 2027. ThreadUp research further shows that 52% of Americans purchased second-hand clothes in 2022. 75% of respondents confirmed that they have purchased or are willing to purchase second-hand clothes, and this figure rises to 83% for Generation Z.

Online Shopping

The U.S. market for online secondhand clothing purchases is expected to reach $38 billion by 2027, growing twice as fast as traditional markets. In fact, it’s expected to grow at an average annual rate of 21% over the next five years.

Across generations, the youngest of the Generation Z leads online purchases of used clothing in the U.S. Looking ahead to 2027, the study shows an increase in the number of new buyers (60%), compared to the current 40%.

Price remains the main driver for buying second-hand clothing, followed by quality, diverse offers, convenience and transparency. 47% of respondents said they would refuse to choose brands and retailers that do not promote sustainable clothing, a factor that has increased by 22% compared to 2021 data.

Editor ✎Estella/

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