Europe Second-hand Apparel Market Growth, Trends, Size, Demand, Revenue and Future Outlook
Europe Second-hand Apparel Market Size- By Product Type, By Sector, By Consumer Orientation, Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: FMCG2485 | Pages: 1 - 155 | Formats*: |
| Category : Consumer & Retail | |||
Europe Second-hand Apparel Market Introduction and Overview
According to SPER Market Research, the Europe Second-hand Apparel Market is estimated to reach USD 37.34 billion by 2033 with a CAGR of 7.98%.
The report includes an in-depth analysis of the Europe Second-hand Apparel Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "second-hand apparel" describes clothes that have been owned and worn by someone else before being put up for sale. Because of its advantages for the economy and environment, this market area has become increasingly popular in recent years. By extending the life of clothing goods through second-hand purchases, consumers lessen the impact of the fashion industry—which is infamous for its waste and pollution—on the environment by lessening the demand for new manufacturing. Second-hand clothing also frequently provides distinctive and vintage items at lower costs than brand-new clothing, opening up fashion to a wider spectrum of customers.
Market Opportunities and Challenges
Opportunities: Expanding the Market for Luxury Resale. The market for luxury resale is expanding at a rapid pace. People's aspirations to be value-conscious are growing, as seen by their desire to have access to high brand products at comparatively reduced costs. Therefore, authorized pre-owned designer goods that entice customers to indulge in luxury fashion with minimal environmental impact are not the only thing that luxury resale platforms recycle; they also necessitate significantly lower initial outlays.
Challenges: The market for used clothing in Europe is experiencing growth, but it still confronts a number of challenges. Wearing used clothing is still stigmatized in some parts of society, which can prevent pre-owned clothing from being accepted more widely. This is one major problem. It's also challenging to guarantee quality, authenticity, and consistency across many platforms and businesses due to the market's fragmentation and lack of standardization, which affects both buyers and sellers. Operational difficulties in this sector can further increase intricacy and expense. These difficulties include inventory management, storage, and shipping.
Market Competitive Landscape
The Second-hand Apparel market in Europe is moderately consolidated. Some of the market key players are Artpal, Depop, eBay, Etsy, F&P Stock Solutions, Farfetch, Garson & Shaw, Rubylane, Spoonflower, StockX, Vestaire Collective, Vinted, Yaga.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Sector, By Consumer Orientation, Sales Channel |
| Regions covered | Germany, France, Italy, Spain, UK, Rest of Europe |
| Companies Covered | Artpal, Depop, eBay, Etsy, F&P Stock Solutions, Farfetch, Garson & Shaw, Rubylane, Spoonflower, StockX, Vestaire Collective, Vinted, Yaga. |
COVID-19 Impact on Europe Second-hand Apparel Market
The COVID-19 pandemic has had a profound impact on the Europe second-hand apparel market. Initially, as lockdowns and restrictions were implemented across the continent, brick-and-mortar thrift stores faced closures, leading to a significant drop in foot traffic and sales. This forced many businesses to pivot to online platforms, accelerating the shift towards e-commerce within the second-hand sector. However, despite the overall resilience of online sales, supply chain disruptions and logistical challenges arose due to disrupted international trade and shipping delays. Consumer behaviour also shifted, with a heightened focus on essentials and a decrease in discretionary spending, impacting the demand for non-essential items like second-hand clothing.
Key Target Audience:
- Environmental Advocates
- Budget-Conscious Consumers
- Fashion Enthusiasts
- Sustainable Lifestyle Followers
- Bargain Hunters
- Vintage Fashion Collectors
Our in-depth analysis of the Europe Second-hand Apparel Market includes the following segments:
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Key Topics Covered in the Report:
Europe Second-hand Apparel Market Size (FY’2024-FY’2033)
Overview of Europe Second-hand Apparel Market
Segmentation of Europe Second-hand Apparel Market By Product Type (Party, Evening & Occasion, Dresses & Tops, Shirts & T-Shirts, Sweater, Coats & Jackets, Jeans & Pants, Others)
Segmentation of Europe Second-hand Apparel Market By Sector (Resale, Traditional Thrift Stores & Donations)
Segmentation of Europe Second-hand Apparel Market By Consumer Orientation (Men, Women, Kids)
Segmentation of Europe Second-hand Apparel Market By Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarket, Multi-brand Store, Independent Small Stores, Online Retailers, Others)
Expansion Analysis of Europe Second-hand Apparel Market
Problems and Obstacles in Europe Second-hand Apparel Market
Competitive Landscape in the Europe Second-hand Apparel Market
Impact of COVID-19 and Demonetization on Europe Second-hand Apparel Market
Details on Current Investment in Europe Second-hand Apparel Market
Competitive Analysis of Europe Second-hand Apparel Market
Prominent Players in the Europe Second-hand Apparel Market
SWOT Analysis of Europe Second-hand Apparel Market
Europe Second-hand Apparel Market Future Outlook and Projections (FY’2024-FY’2033)
Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Second-hand Apparel Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Second-hand Apparel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Second-hand Apparel Market
7. Europe Second-hand Apparel Market, By Product Type (USD Million)
7.1. Europe Second-hand Apparel Market Value Share and Forecast, By Product Type, 2024-20337.2. Party, Evening & Occasion7.3. Dresses & Tops7.4. Shirts & T-Shirts7.5. Sweater7.6. Coats & Jackets7.7. Jeans & Pants7.8. Others
8. Europe Second-hand Apparel Market, By Sector (USD Million)
8.1. Europe Second-hand Apparel Market Value Share and Forecast, By Sector, 2024-20338.2. Resale8.3. Traditional Thrift Stores & Donations
9. Europe Second-hand Apparel Market, By Consumer Orientation (USD Million)
9.1. Europe Second-hand Apparel Market Value Share and Forecast, By Consumer Orientation, 2024-20339.2. Men9.3. Women9.4. Kids
10. Europe Second-hand Apparel Market, By Sales Channel (USD Million)
10.1. Europe Second-hand Apparel Market Value Share and Forecast, By Sales Channel, 2024-203310.2. Wholesalers/Distributors10.3. Hypermarkets/Supermarket10.4. Multi-brand Store10.5. Independent Small Stores10.6. Online Retailers10.7. Others
11. Europe Second-hand Apparel Market Forecast, 2020-2033 (USD Million)
11.1. Europe Second-hand Apparel Market Size and Market Share
12. Europe Second-hand Apparel Market, By Product Type, 2020-2033 (USD Million)
12.1. Europe Second-hand Apparel Market Size and Market Share By Product Type (2020-2026)12.2. Europe Second-hand Apparel Market Size and Market Share By Product Type (2027-2033)
13. Europe Second-hand Apparel Market, By Sector, 2020-2033 (USD Million)
13.1. Europe Second-hand Apparel Market Size and Market Share By Sector (2020-2026)13.2. Europe Second-hand Apparel Market Size and Market Share By Sector (2027-2033)
14. Europe Second-hand Apparel Market, By Consumer Orientation, 2020-2033 (USD Million)
14.1. Europe Second-hand Apparel Market Size and Market Share By Consumer Orientation (2020-2026)14.2. Europe Second-hand Apparel Market Size and Market Share By Consumer Orientation (2027-2033)
15. Europe Second-hand Apparel Market, By Sales Channel, 2020-2033 (USD Million)
15.1. Europe Second-hand Apparel Market Size and Market Share By Sales Channel (2020-2026)15.2. Europe Second-hand Apparel Market Size and Market Share By Sales Channel (2027-2033)
16. Europe Second-hand Apparel Market, By Region, 2020-2033 (USD Million)
16.1. Europe Second-hand Apparel Market Size and Market Share By Region (2020-2026)16.2. Europe Second-hand Apparel Market Size and Market Share By Region (2027-2033)16.3. Germany16.4. France16.5. Italy16.6. Spain16.7. UK16.8. Rest of Europe
17. Company Profile
17.1. Artpal17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Depop17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. eBay17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Etsy17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. F&P Stock Solutions17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Farfetch17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Garson & Shaw17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Rubylane17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Spoonflower17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. StockX17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Vestaire Collective17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Vinted17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Yaga17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Second-hand Apparel Market is projected to reach USD 37.34 billion by 2033, growing at a CAGR of 7.98% during the forecast period.
Europe Second-hand Apparel Market size from 2022. The Market is expected to reach USD37.34 billion by 2033, at a CAGR of 7.98% during the forecast period.
Europe Second-hand Apparel Market CAGR of 7.98% during the forecast period.
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Europe Second-hand Apparel Market size is 37.34 billion from 2024 to 2033.
Europe Second-hand Apparel Market Segment is covered By Product Type, By Sector, By Consumer Orientation, Sales Channel.
The Europe is anticipated to have the highest market share in the Europe Second-hand Apparel Market.
The key players in the market include Companies Covered Artpal, Depop, eBay, Etsy, F&P Stock Solutions, Farfetch, Garson & Shaw, Rubylane, Spoonflower, StockX, Vestaire Collective, Vinted, Yaga.
Second-hand clothing also frequently provides distinctive and vintage items at lower costs than brand-new clothing, opening up fashion to a wider spectrum of customers.
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