Online Distribution Channel Coupled with Sustainable Apparel Purchase Patterns Among Consumers to Emerge as Key Apparel Resale Market Driver
GlobalData Plc, a leading data and analytics company, has released a comprehensive report on the apparel resale market, shedding light on its exponential growth and the significant impact it is having on the fashion industry. The report, titled ” Apparel Resale Market Size and Trend Analysis by Category, Segments, and Region, Consumer Attitudes and Competitive Landscape, 2016-2026,” provides valuable insights into this burgeoning sector and offers key observations for industry stakeholders.
In recent years, the apparel resale market has experienced remarkable growth, driven by changing consumer preferences, growing environmental concerns, and the increasing popularity of sustainable fashion practices. GlobalData’s report indicates that the apparel resale market size valued at USD 182.4 billion in 2022 and is projected to witness a compound annual growth rate (CAGR) of more than 16% during 2022-2026.
Apparel Resale Market Dynamics
The report identifies several factors contributing to the rapid expansion of the apparel resale market. One such factor is the rising awareness among consumers about the environmental impact of fast fashion, prompting them to embrace more sustainable options. Additionally, the affordability and accessibility of second-hand clothing, facilitated by online platforms and mobile apps, have also fuelled the market’s growth.
The apparel resale market is witnessing several important trends, including the rise of in-house resale services, the need for robust authentication, the changing dynamics of the trainer resale market, the emergence of value and lower-mass market players, and the success strategies adopted by physical stores. In less developed countries, second-hand markets remain the dominant channel for pre-owned apparel, but as online retail expands, online resale platforms may gain prominence in the future.
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Apparel Resale Market Regional Outlook (Value, $ Billion, 2016-2026)
Apparel Resale Market Countries Outlook (Value, $ Billion, 2016-2026)
Apparel Resale Market Segments Outlook (Value, $ Billion, 2016-2026)
Get segment-wise apparel resale market highlights in this sample PDF Report
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About GlobalData Plc:
GlobalData Plc is a leading provider of data and analytics, offering comprehensive insights across various industries. Their report on the apparel resale market provides an in-depth analysis of the current market landscape, growth drivers, challenges, and future prospects.
GlobalData Plc is a renowned data and analytics company, empowering businesses and industries with accurate insights and intelligence. With a team of expert analysts and a robust research methodology, GlobalData provides reliable information and in-depth analysis across multiple sectors, helping organizations make informed decisions.
Name: Mark Jephcott Title: Head of PR EMEA Email: pr@globaldata.com Phone: +44 (0)207 936 6400
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