Resale apparel market up 17.6% in 2024

Asia Pacific and the Middle East and Africa are set for the fastest growth.

The global resale apparel market grew by 17.6% in 2024, reaching $204.7b, far surpassing the traditional apparel sector's 0.1% growth, according to GlobalData.

The market is expected to rise another 13.3% in 2025, with a compound annual growth rate (CAGR) of 11.4% projected through 2028.

Consumers are turning to resale for affordable fashion amidst economic uncertainty, particularly in North America and Europe, said Alice Price, apparel analyst at GlobalData.

“This is coupled with rising environmental awareness, as consumers become more conscious of the amount of fashion ending up in landfills, as well as the continued investments online platforms such as Vinted, Depop, and eBay are making to enhance and expand their propositions,” she added.

Asia Pacific and the Middle East and Africa are set for the fastest growth, with CAGRs of 14.1% and 11.6% respectively.

The report said luxury resale is booming in these regions as demand for designer goods climbs.

In contrast, growth will be slower in the Americas and Europe, where resale markets are already mature. Limited online penetration in Latin America and Eastern Europe will also hinder development.

Meanwhile, footwear will lead the market, with a CAGR of 13.8% driven by demand for rare and collectible trainers. Accessories, including secondhand designer handbags, are expected to grow at 11.6%. Clothing will maintain the largest share but will see the slowest growth at 11%, with its market share shrinking to 76.9% by 2028.