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Second-Hand Fashion Market Size

Report ID: GMI9640
Published Date: May 2024
Report Format: PDF

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Second-Hand Fashion Market Size

Second-Hand Fashion Market size was valued at around USD 70.8 billion in 2023 and is estimated to register a CAGR of around 7.6% between 2024 & 2032. Due to its ability to prolong the life cycle of garments, decrease textile waste, and minimize carbon footprints, the Second-Hand market presents a sustainable alternative.

Second-Hand Fashion Market

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In addition, it allows consumers to get premium, branded, or designer goods at a small portion of their original price, further experiencing growth. Used clothes can vary widely in terms of quality and condition. Customers may come across worn-out, damaged, or misrepresented merchandise, which may discourage them from buying Second-Hand goods. As the Second-Hand fashion industry relies on the availability of donated or resold items, inventory is irregular and limited. Furthermore, it can be difficult to discover particular sizes or designs, making it less appealing to some customers preferring a more predictable buying experience

Second-Hand Fashion Market Report Attributes
Report Attribute	Details
Base Year:	2023
Second-Hand Fashion Market Size in 2023:	USD 70.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.6%
2032 Value Projection:	USD 136 Billion
Historical Data for:	2021 – 2023
No. of Pages:	410
Tables, Charts & Figures:	470
Segments covered:	Product Type, Price Range, Consumer Group, Distribution Channel
Growth Drivers:	Increasing awareness of environmental issues and the desire to reduce waste The cost-effectiveness of Second-Hand fashion Growing acceptance and normalization of Second-Hand fashion
Pitfalls & Challenges:	Quality and condition variability

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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