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

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/

Disclaimer: This article is copyrighted and may not be reproduced without permission.

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