A GlobalData report states that the traditional clothes sector expanded by 0.1 per cent in 2024, while the worldwide resale garment market surged by 17.6 per cent to reach US $ 204.7 billion. With a compound annual growth rate (CAGR) of 11.4 per cent anticipated through 2028, the market is anticipated to increase by an additional 13.3 per cent in 2025.
According to Alice Price, an apparel analyst at GlobalData, consumers are turning to resale for reasonably priced fashion in the face of economic uncertainty, especially in North America and Europe.
This growth is also driven by increasing environmental awareness, as consumers are more mindful of the fashion waste ending up in landfills. Additionally, ongoing investments from online platforms like Vinted, Depop, and eBay are helping to improve and expand their offerings.
The Asia Pacific and Middle East and Africa regions are projected to experience the fastest growth, with CAGRs of 14.1 per cent and 11.6 per cent, respectively. According to the report, luxury resale is thriving in these areas as the demand for designer items continues to rise.
With a 13.8 per cent compound annual growth rate, footwear will dominate the industry due to the demand for rare and collectible trainers. By 2028, clothing’s market share will have shrunk to 76.9 per cent, despite maintaining the highest share and growing at the slowest rate at 11 per cent.
