USA and Canada Second-hand Apparel Market Growth, Size, Trends, Revenue and Future Outlook
USA and Canada Second-hand Apparel Market Size- By Product Type, By Sector, By Consumer Orientation, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: FMCG23121 | Pages: 1 - 105 | Formats*: |
| Category : Consumer & Retail | |||
USA and Canada Second-hand Apparel Market Introduction and Overview
According to SPER Market Research, the USA and Canada Second-hand Apparel Market is estimated to reach USD 91.48 billion by 2033 with a CAGR of 12.53%.
The report includes an in-depth analysis of the USA and Canada Second-hand Apparel Market, including market size and trends, product mix, Applications, and supplier analysis. Clothes or any other kind of apparel that has been previously owned by someone else is referred to as second hand clothing. Generally speaking, it is purchased or sold for less than the full retail cost. You can find used clothing at locations like thrift stores, consignment shops, and internet markets.
- In 2021: Etsy, a website that sells vintage and handcrafted goods, bought Depop. Through this acquisition, Depop gained access to Etsy's clientele and resources, allowing it to develop and grow its marketplace for used clothing.
- In 2020: The RealReal introduced the "RealReal Remade" project, emphasising upcycling and ecological fashion. Utilising recycled fabrics, the company collaborated with high-end labels such as Stella McCartney and Gucci to produce limited-edition designs that showcased their dedication to ecological sustainability.
Market Opportunities and Challenges
The second-hand apparel market in the United States and Canada has experienced substantial growth in recent years, propelled by factors such as environmental consciousness, cost-effectiveness, and a desire for distinctive fashion. The surge is closely linked to the transformative impact of e-commerce on the shopping landscape, with an increasing number of consumers globally preferring online channels. Subscription models, home delivery, and various perks contribute to this shift. E-commerce structures, including product ratings, enable merchants to analyze consumer behavior, identify trends, and tailor products to meet evolving needs. Notable online platforms such as ThredUp, Poshmark, eBay, and physical thrift stores play a pivotal role in facilitating the trade of second-hand clothing. Sustainability and the circular economy are key drivers of consumer interest, particularly among Gen Z and millennials. Recognizing this, traditional retailers and fashion brands are integrating the second-hand market into their business models.
However, the lack of transparency between buyers and sellers and the lack of knowledge about clothing quality also hinder the expansion of the second-hand apparel market. The market has also been challenged by the absence of standardised pricing structures and a well-organized platform for the same. Ensuring quality control and tackling the stigma attached to wearing used clothes are further challenges. Despite these obstacles, the market is expected to expand going forward as more individuals choose economical and ecological second-hand clothing as a fashion option.
Market Competitive Landscape
The second-hand apparel market in the United States and Canada is very competitive, with both well-established firms and up-and-coming internet platforms. With more fashion labels and traditional stores entering the second-hand market to provide customers more options, the sector is becoming more competitive. The players are putting more of an emphasis on collaborations and partnerships in addition to improving their product offerings. To increase their market share, major players focus on new launches, mergers, and acquisitions. The major players in the USA and Canada Second-hand Apparel market include: ASOS Marketplace, Buffalo Exchange, Crossroads Trading, Depop, Goodwill Industries, Grailed, Mercari, Poshmark, Rebag, Salvation Army, The RealReal, ThredUP, Tradesy, Vestiaire Collective, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Sector, By Consumer Orientation, By Sales Channel |
| Regions covered | USA and Canada |
| Companies Covered | ASOS Marketplace, Buffalo Exchange, Crossroads Trading, Depop, Goodwill Industries, Grailed, Mercari, Poshmark, Rebag, Salvation Army, The RealReal, ThredUP, Tradesy, Vestiaire Collective, Others |
COVID-19 Impact on USA and Canada Second-hand Apparel Market
The COVID-19 pandemic caused major disruptions to the second-hand clothing sector in the USA and Canada, including the closing of physical establishments. However, the market swiftly adjusted, moving towards internet sales and putting more of an emphasis on sustainability. Due to their affordability, online platforms took over as the main means of conducting business, and thrift stores saw an increase in popularity. The pandemic also encouraged people to give items and undertake wardrobe cleanouts, which increased the amount of used clothing available on the market. In addition, the market showed resilience and adaptability in the face of the pandemic's initial problems, and there was room for long-term adjustments towards online and sustainable buying.
Key Target Audience:
- Budget-Conscious Shoppers
- College Students
- Eco-conscious Consumers
- Fashion Enthusiasts
- Online Shoppers:
- Socially Conscious Consumers
- Vintage Collectors
- Others
Our in-depth analysis of the USA and Canada Second-hand Apparel Market includes the following segments:
| By Product Type: |
|
| By Sector: |
|
| By Consumer Orientation: |
|
| By Sales Channel: |
|
Key Topics Covered in the Report:
- USA and Canada Second-hand Apparel Market Size (FY’2023-FY’2033)
- Overview of USA and Canada Second-hand Apparel Market
- Segmentation of USA and Canada Second-hand Apparel Market By Product Type (Dresses & Tops, Jeans & Pants, Shirts & T-shirts, Sweaters, Coats & Jackets, Others)
- Segmentation of USA and Canada Second-hand Apparel Market By Sector (Resale, Traditional Thrift Stores & Donations)
- Segmentation of USA and Canada Second-hand Apparel Market By Consumer Orientation (Kids, Men, Women)
- Segmentation of USA and Canada Second-hand Apparel Market By Sales Channel (Direct Sales, Hypermarkets/Supermarkets, Online Retailers, Thrift Stores/Resale Stores, Other Sales Channel)
- Statistical Snap of USA and Canada Second-hand Apparel Market
- Expansion Analysis of USA and Canada Second-hand Apparel Market
- Problems and Obstacles in USA and Canada Second-hand Apparel Market
- Competitive Landscape in the USA and Canada Second-hand Apparel Market
- Impact of COVID-19 and Demonetization on USA and Canada Second-hand Apparel Market
- Details on Current Investment in USA and Canada Second-hand Apparel Market
- Competitive Analysis of USA and Canada Second-hand Apparel Market
- Prominent Players in the USA and Canada Second-hand Apparel Market
- SWOT Analysis of USA and Canada Second-hand Apparel Market
- USA and Canada Second-hand Apparel Market Future Outlook and Projections (FY’2023-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 USA and Canada 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. USA and Canada Second-hand Apparel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA and Canada Second-hand Apparel Market
7. USA and Canada Second-hand Apparel Market, By Product Type (USD Million)
7.1. USA and Canada Second-hand Apparel Market Value Share and Forecast, By Product Type, 2023-20337.2. Dresses & Tops7.3. Jeans & Pants7.4. Shirts & T-shirts7.5. Sweaters, Coats & Jackets7.6. Others
8. USA and Canada Second-hand Apparel Market, By Sector (USD Million)
8.1. USA and Canada Second-hand Apparel Market Value Share and Forecast, By Sector, 2023-20338.2. Resale8.3. Traditional Thrift Stores & Donations
9. USA and Canada Second-hand Apparel Market, By Consumer Orientation (USD Million)
9.1. USA and Canada Second-hand Apparel Market Value Share and Forecast, By Consumer Orientation, 2023-20339.2. Kids9.3. Men9.4. Women
10. USA and Canada Second-hand Apparel Market, By Sales Channel (USD Million)
10.1. USA and Canada Second-hand Apparel Market Value Share and Forecast, By Sales Channel, 2023-203310.2. Direct Sales10.3. Hypermarkets/Supermarkets10.4. Online Retailers10.5. Thrift Stores/Resale Stores10.6. Other Sales Channel
11. USA and Canada Second-hand Apparel Market Forecast, 2019-2033 (USD Million)
11.1. USA and Canada Second-hand Apparel Market Size and Market Share
12. USA and Canada Second-hand Apparel Market, By Product Type, 2019-2033 (USD Million)
12.1. USA and Canada Second-hand Apparel Market Size and Market Share By Product Type (2019-2026)12.2. USA and Canada Second-hand Apparel Market Size and Market Share By Product Type (2027-2033)
13. USA and Canada Second-hand Apparel Market, By Sector, 2019-2033 (USD Million)
13.1. USA and Canada Second-hand Apparel Market Size and Market Share By Sector (2019-2026)13.2. USA and Canada Second-hand Apparel Market Size and Market Share By Sector (2027-2033)
14. USA and Canada Second-hand Apparel Market, By Consumer Orientation, 2019-2033 (USD Million)
14.1. USA and Canada Second-hand Apparel Market Size and Market Share By Consumer Orientation (2019-2026)14.2. USA and Canada Second-hand Apparel Market Size and Market Share By Consumer Orientation (2027-2033)
15. USA and Canada Second-hand Apparel Market, By Sales Channel, 2019-2033 (USD Million)
15.1. USA and Canada Second-hand Apparel Market Size and Market Share By Sales Channel (2019-2026)15.2. USA and Canada Second-hand Apparel Market Size and Market Share By Sales Channel (2027-2033)
16. USA and Canada Second-hand Apparel Market, By Region, 2019-2033 (USD Million)
16.1. USA and Canada Second-hand Apparel Market Size and Market Share By Region (2019-2026)16.2. USA and Canada Second-hand Apparel Market Size and Market Share By Region (2027-2033)16.3. Canada16.4. USA
17. Company Profile
17.1. ASOS Marketplace17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Buffalo Exchange17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Buffalo Exchange17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Crossroads Trading17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Depop17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Goodwill Industries17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Grailed17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Mercari17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Poshmark17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Rebag17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Salvation Army17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. The RealReal17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. ThredUP17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Tradesy17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments17.15. Vestiaire Collective17.15.1. Company details17.15.2. Financial outlook17.15.3. Product summary17.15.4. Recent developments17.16. 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
USA and Canada Second-hand Apparel Market is projected to reach USD 91.48 billion by 2033, growing at a CAGR of 12.53% during the forecast period.
USA and Canada Second-hand Apparel Market grew in market size from 2023. The Market is expected to reach USD 91.48 billion by 2033, at a CAGR of 12.53% during the forecast period.
USA and Canada Second-hand Apparel Market CAGR of 12.53% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
USA and Canada Packer Bottle Market size is USD 91.48 billion from 2023 to 2033.
USA and Canada Second-hand Apparel Market Segment is Covered By Product Type, By Sector, By Consumer Orientation, By Sales Channel
The North America region is anticipated to have the highest market share in USA and Canada Second-hand Apparel Market.
The key players in the market include Companies Covered ASOS Marketplace, Buffalo Exchange, Crossroads Trading, Depop, Goodwill Industries, Grailed, Mercari, Poshmark, Rebag, Salvation Army, The RealReal, ThredUP, Tradesy, Vestiaire Collective, Others
USA and Canada Second-hand Apparel Market, including market size and trends, product mix, Applications, and supplier analysis. Clothes or any other kind of apparel that has been previously owned by someone else is referred to as second hand clothing.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
