The secondhand goods industry in Europe reached a valuation of US$ 65,905.8 million in 2023. Demand for secondhand goods in Europe recorded a Y-o-Y growth of 9.1% in 2023. The secondhand goods sales in Europe are expected to reach US$ 71,903.2 million in 2024. From 2024 to 2034, sales of secondhand goods in Europe are projected to exhibit 8.2% CAGR and an industry size of US$ 1,57,460.3 million by 2034.
| Attribute | Details |
|---|---|
| Demand Forecast for Secondhand Goods (2024) | US$ 71,903.2 million |
| Demand Analysis for Secondhand Goods in Europe (2034) | US$ 1,57,460.3 million |
| CAGR Estimation (From 2024 to 2034) | 8.2% |
Consumers in European countries spend extensively on goods and services, including secondhand goods. Increasing fast fashion and surging high-end industries in European countries create a large pool of potential buyers and sellers of secondhand goods. Several trends propel secondhand goods demand, including the growing awareness of sustainability and the increasing popularity of online shopping platforms.
European consumers are becoming aware of the environmental impact of new goods and are progressively turning to secondhand goods as a sustainable option. The shift toward a circular economy and changing consumer attitudes toward sustainability and reducing waste have strengthened the demand for secondhand goods in Europe.
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The secondhand goods industry in the region witnessed a steady rise, driven by multiple factors, including increasing environmental consciousness, a growing preference for vintage items, and economic motivations favoring cost-effective shopping. Consumer attitudes toward pre-owned items evolved positively, with a shift in perception from affordable options to a choice reflecting sustainability.
The secondhand goods market indicates sustained growth in Europe at an accelerated pace. The trajectory is propelled by deeper societal commitments toward sustainability, amplified by stringent regulations promoting circular economies and reduced carbon footprints. Adopting resale and reuse practices to become mainstream, influencing consumer behaviors across diverse demographics.
The collaborations between traditional retailers and secondhand marketplaces are likely to intensify, blurring the lines between new and pre-owned goods, thereby significantly reshaping the retail landscape. The forecasted period anticipates a robust and dynamic secondhand goods demand in Europe, fundamentally altering how consumers perceive, purchase, and engage with used goods.
The market size for secondhand goods in Europe is estimated to exhibit a CAGR of 8.2% during the forecast period.
The secondhand goods industry in Europe thrives on several economic drivers. Consumers are drawn to lower-priced purchases, making it an attractive option for budget-conscious individuals. Bargaining opportunities, often present in person-to-person transactions, add a layer of negotiation to the buying process. Fair pricing is crucial for buyers seeking value in the secondhand goods industry.
Reducing alternatives and transactional costs simplifies decision-making for buyers with specific preferences or limited budgets. Some individuals engage in the market not just for personal use but as a business, aiming to profit from resale.
The increasing utility of merchandise, incredibly unique or vintage items, contributes to the market appeal. The sector is dynamic in Europe, and economic factors compel buyers and sellers to strive for value, affordability, and entrepreneurial opportunities.
The secondhand goods industry is witnessing a transformative trend as brick-and-mortar companies actively embrace resale as a lucrative and fashionable market. Secondhand goods vendors in Europe, like Ikea, have launched buyback programs and dedicated pre-owned furniture stores, challenging the stigma surrounding repair, refurbishment, and resale.
Leading traditional retailers recognize the benefits of partnering with secondhand goods companies in Europe, with examples like ThredUp collaborating with Walmart and JCPenney. Backend logistics partnerships, such as Trove's associations with renowned brands like Nordstrom and Patagonia, showcase a growing acceptance of circular practices.
Even fast-fashion giant HandM is piloting repair programs and stores exclusively selling secondhand goods. This shift signals a significant industry-wide recognition of the economic and environmental advantages of the secondhand industry.
A key challenge in the Europe market growth for secondhand goods is the struggle to grow inventory, specifically attracting coveted pieces at competitive prices. The short to mid-term supply collection limitation hinders marketplace control, directly affecting sales of secondhand goods. The conversion of firsthand customers into secondhand sellers faces obstacles, requiring increased education about resale benefits. Despite a trend where 70% of shoppers still opt for single-use outfits, unlocking value from this mindset remains challenging.
Consumers often need to pay more attention to resale due to insufficient awareness or difficulty grasping the immediate value trade-off. Streamlining communication between brands and resale channels presents an opportunity for incentives, encouraging thoughtful consumption habits and fostering a shift in consumer behavior toward embracing the secondhand goods industry in Europe.
Principal Consultant
This section highlights the salient features of the secondhand goods industry in several renowned European nations. Of every country looked at, Spain's demand for secondhand goods is anticipated to expand at a rapid rate of 11.8% CAGR. The following nation is France, where sales of secondhand goods are steadily rising at a CAGR of 11.3%.
The CAGRs of the United Kingdom, Germany, Belgium, and Spain are going to remain steady during the forecast period.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United Kingdom | 7.2% |
| Belgium | 5.9% |
| Finland | 6.1% |
Germans, known for their strong environmental awareness, are increasingly embracing the concept of circular economy, which encourages the reuse and recycling of goods to minimize waste and reduce the carbon footprint. Secondhand goods align perfectly with this ethos, appealing to sustainability-conscious consumers.
| Country | Germany |
|---|---|
| CAGR (From 2024 to 2034) | 6.3% |
The rise of online platforms and marketplaces has also significantly boosted the Europe demand for secondhand goods. Websites and apps dedicated to selling pre-owned items have made it easier for consumers to access various products, fostering convenience and accessibility. The shift to online platforms has expanded the Germany secondhand goods industry's reach beyond local communities, allowing buyers and sellers to connect nationwide.
Consumers increasingly valued the idea of recycling and extending the lifecycle of products to reduce waste and contribute to an eco-friendly lifestyle. This sentiment was influential among the urban populations, who saw secondhand items as a means of expressing their individuality while aligning with ethical and sustainable consumption practices.
| Country | France |
|---|---|
| CAGR (From 2024 to 2034) | 11.3% |
The market outlook for secondhand goods in France remains positive, with continued growth anticipated as sustainability and conscious consumerism become deeply embedded in societal values. The market evolution toward embracing secondhand items as a mainstream choice is likely to persist, supported by evolving consumer preferences and a robust infrastructure for buying and selling pre-owned goods.
The fashion and luxury segment within the secondhand goods sector has witnessed a surge in interest, especially among Italy's fashion-savvy population. The allure of acquiring premium, well-maintained items at reduced prices has spurred the success of reputable consignment stores and dedicated online platforms specializing in luxury resale.
| Country | Italy |
|---|---|
| CAGR (From 2024 to 2034) | 9.7% |
Italy's commitment to sustainable practices and circular economy initiatives underpins the market growth for secondhand goods. Governmental policies fostering the reuse, repair, and recycling of goods align with consumers' growing preference for environmentally friendly shopping habits.
This section provides a segmentation analysis of the secondhand goods sales in Europe, highlighting the growing interest in the clothing and fashion segment and the producers' astute observation of market trends.
It is important to note that online marketplaces dominate all other categories. The report offers in-depth details about secondhand goods' market dynamics and preferences to help companies make strategic decisions.
The apparel and fashion segment is one of the prominent and thriving sectors. The segment encompasses various products, including pre-owned clothing, shoes, handbags, and accessories from multiple brands, spanning high-end luxury items and everyday wear.
Market Growth Outlook by Key Product Type:
| Product Type | pparel and Fashion |
|---|---|
| Value CAGRA | 5.7% |
Consumers are embracing the concept of being gently used, appreciating the affordability, uniqueness, and eco-friendliness of purchasing secondhand apparel. The appeal of retro fashion trends has contributed to the segment's prominence, attracting consumers seeking distinctive, unique pieces that showcase individuality and style.
The online marketplace has witnessed the leading CAGR within the secondhand goods industry in Europe. The surge is primarily attributed to shifting consumer behaviors favoring digital platforms for buying and selling used items. The convenience, vast reach, and ease of transactions offered by online marketplaces have propelled the growth significantly.
Market Growth Outlook by Key Sales Channel:
| Sales Channel | Online Market Place |
|---|---|
| Value CAGR | 12.6% |
The flexibility and accessibility of these online platforms have attracted both sellers looking to declutter or earn extra income and buyers seeking cost-effective yet quality products. The online segment of the secondhand goods sector has outpaced traditional brick-and-mortar resale stores in terms of growth rate and market share.
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The Europe market for secondhand goods presents a dynamic and competitive landscape characterized by a blend of traditional thrift stores, online platforms, and emerging market disruptors. With their established presence and community ties, traditional thrift stores continue to play a significant role.
The rise of online platforms such as eBay, Depop, and Vinted and local marketplaces like Schpock has transformed the market's dynamics of secondhand goods. Regulatory shifts and consumer consciousness regarding sustainability, affordability, and unique findings compel competition. Increased awareness about the environmental implications of fast fashion fuels market growth for secondhand goods as consumers opt for pre-owned items. Brands are increasingly adopting circular strategies.
Recent Advancements
| Attribute | Details |
|---|---|
| Estimated Valuation (2024) | US$ 71,903.2 million |
| Projected Valuation (2034) | US$ 1,57,460.3 million |
| Anticipated CAGR (2024 to 2034) | 8.2% |
| Historical Analysis of Secondhand Goods in Europe | 2019 to 2023 |
| Demand Forecast for Secondhand Goods in Europe | 2024 to 2034 |
| Quantitative Units | Revenue in US$ million and CAGR from 2024 to 2034 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Countries Analyzed While Studying Opportunities in Secondhand Goods in Europe | The United Kingdom, France, Germany, Spain, Russia |
| Key Companies Profiled | eBay; Amazon Marketplace; Depop; Vestiaire; Collective; Vinted; ASOS Marketplace; CeX; Back Market; Gumtree; Preloved; MusicMagpie; Feelunique; Lookfantastic; Decathlon; Pets at Home; Oxfam; Etsy; Farfetch Second Life |
The demand for secondhand goods in Europe is expected to reach a valuation of US$ 71,903.2 million in 2024.
The sales of secondhand goods in Europe registered an HCAGR of 7.3% from 2019 to 2023.
Europe's secondhand goods industry is expected to expand at 8.2% CAGR from 2024 to 2034.
The demand for secondhand goods in Europe is estimated to reach US$ 1,57,460.3 million by 2034.
The sales of secondhand goods in Europe were valued at US$ 65,905.8 million in 2023.
1. Executive Summary 1.1. Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.1.1. The Sustainability Imperative 3.1.2. Online Platforms Push Resale 3.1.3. Availability of More Mindful Consumers 3.1.4. Changing Retail Landscape 3.1.5. Others (during the course of the study) 3.2. Future Prospects of Industry 3.2.1. Factors Fueling Growth 3.2.2. Influx of Brands 3.2.3. Increasing Demand of Sustainable Products 4. Market - Pricing Analysis 4.1. Regional Pricing Analysis By Product Type 4.2. Pricing Break-up 4.2.1. Manufacturer Level Pricing 4.2.2. Distributor Level Pricing 4.3. Regional Average Pricing Analysis Benchmark 5. Market Demand (in Value or Size in US$ Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Historical Market Value (US$ Million) Analysis, 2019 to 2023 5.2. Current and Future Market Value (US$ Million) Projections, 2024 to 2034 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.1.1. GDP Growth Outlook 6.1.2. Industry Overview 6.1.3. Spending Outlook 6.1.4. Consumer Spending Outlook 6.1.5. Per Capita Income 6.2. Forecast Factors - Relevance & Impact 6.2.1. Top Companies Historical Growth 6.2.2. GDP Growth Forecast 6.2.3. Top Companies Historical Growth 6.2.4. Gross Value Added 6.2.5. Industry Outlook 6.2.6. Urbanization Growth Outlook 6.3. Value Chain 6.3.1. Profit Margin Analysis at each sales point 6.3.2. List & role of key participant 6.3.2.1. Manufacture 6.3.2.2. Distributors/Retailers 6.4. Market Dynamics 6.4.1. Drivers 6.4.2. Restraints 6.4.3. Opportunity Analysis 6.5. PESTLE Analysis of Market 6.6. Porter’s Five Force Analysis 7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Product Type, 2019 to 2023 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2024 to 2034 7.3.1. Apparel/fashion 7.3.1.1. Women’s 7.3.1.2. Men’s 7.3.1.3. Baby/Kids 7.3.2. House, Garden, Do-It-Yourself 7.3.3. Consumer Electronics 7.3.4. Media & Entertainment 7.3.5. Consumer Appliances 7.3.6. Beauty and Health 7.3.7. Toys 7.3.8. Leisure, Sports and Fitness 7.3.9. Pet Supplies 7.4. Market Attractiveness Analysis By Product Type 8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Sales Channel, 2019 to 2023 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Sales Channel, 2024 to 2034 8.3.1. Thrift Stores/Resale Stores 8.3.2. Online Market Places 8.3.3. Consignment Shops 8.3.4. Other Channels 8.4. Market Attractiveness Analysis By Sales Channel 9. Market Analysis 9.1. Introduction / Key Findings 9.2. Market Analysis 9.3. Market Attractiveness Analysis 10. Germany Market Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Pricing Analysis 10.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.4.1. By Product Type 10.4.2. By Sales Channel 10.5. Market Attractiveness Analysis 10.5.1. By Product Type 10.5.2. By Sales Channel 10.6. Market Trends 10.7. Drivers and Restraints - Impact Analysis 10.8. Key Players Participants - Intensity Mapping 11. France Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.4.1. By Product Type 11.4.2. By Sales Channel 11.5. Market Attractiveness Analysis 11.5.1. By Product Type 11.5.2. By Sales Channel 11.6. Market Trends 11.7. Drivers and Restraints - Impact Analysis 11.8. Key Players Participants - Intensity Mapping 12. UK Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.4.1. By Product Type 12.4.2. By Sales Channel 12.5. Market Attractiveness Analysis 12.5.1. By Product Type 12.5.2. By Sales Channel 12.6. Market Trends 12.7. Drivers and Restraints - Impact Analysis 12.8. Key Players Participants - Intensity Mapping 13. Italy Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.4.1. By Product Type 13.4.2. By Sales Channel 13.5. Market Attractiveness Analysis 13.5.1. By Product Type 13.5.2. By Sales Channel 13.6. Market Trends 13.7. Drivers and Restraints - Impact Analysis 13.8. Key Players Participants - Intensity Mapping 14. Spain East Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.4.1. By Product Type 14.4.2. By Sales Channel 14.5. Market Attractiveness Analysis 14.5.1. By Product Type 14.5.2. By Sales Channel 14.6. Market Trends 14.7. Drivers and Restraints - Impact Analysis 14.8. Key Players Participants - Intensity Mapping 15. Poland Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.4.1. By Product Type 15.4.2. By Sales Channel 15.5. Market Attractiveness Analysis 15.5.1. By Product Type 15.5.2. By Sales Channel 15.6. Market Trends 15.7. Drivers and Restraints - Impact Analysis 15.8. Key Players Participants - Intensity Mapping 16. Belgium Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.4.1. By Product Type 16.4.2. By Sales Channel 16.5. Market Attractiveness Analysis 16.5.1. By Product Type 16.5.2. By Sales Channel 16.6. Market Trends 16.7. Drivers and Restraints - Impact Analysis 16.8. Key Players Participants - Intensity Mapping 17. Luxembourg Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 17.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 17.4.1. By Product Type 17.4.2. By Sales Channel 17.5. Market Attractiveness Analysis 17.5.1. By Product Type 17.5.2. By Sales Channel 17.6. Market Trends 17.7. Drivers and Restraints - Impact Analysis 17.8. Key Players Participants - Intensity Mapping 18. Denmark Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 18.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 18.4.1. By Product Type 18.4.2. By Sales Channel 18.5. Market Attractiveness Analysis 18.5.1. By Product Type 18.5.2. By Sales Channel 18.6. Market Trends 18.7. Drivers and Restraints - Impact Analysis 18.8. Key Players Participants - Intensity Mapping 19. Finland Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 19.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 19.4.1. By Product Type 19.4.2. By Sales Channel 19.5. Market Attractiveness Analysis 19.5.1. By Product Type 19.5.2. By Sales Channel 19.6. Market Trends 19.7. Drivers and Restraints - Impact Analysis 19.8. Key Players Participants - Intensity Mapping 20. Rest of Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20.1. Introduction 20.2. Pricing Analysis 20.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 20.4. Market Size (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 20.4.1. By Product Type 20.4.2. By Sales Channel 20.5. Market Attractiveness Analysis 20.5.1. By Product Type 20.5.2. By Sales Channel 20.6. Market Trends 20.7. Drivers and Restraints - Impact Analysis 20.8. Key Players Participants - Intensity Mapping 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Share Analysis of Top Players 21.3. Market Presence Analysis 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep Dive 22.3.1. eBay 22.3.1.1. Overview 22.3.1.2. Product Portfolio 22.3.1.3. Profitability by Market Segments (Product/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. Amazon Marketplace 22.3.3. Depop 22.3.4. Vestiaire Collective 22.3.5. Vinted 22.3.6. ASOS Marketplace 22.3.7. CeX (Complete Entertainment Exchange) 22.3.8. Back Market 22.3.9. Gumtree 22.3.10. Preloved 22.3.11. MusicMagpie 22.3.12. Feelunique (for pre-owned beauty products) 22.3.13. Lookfantastic (for pre-owned beauty products) 22.3.14. Decathlon (for secondhand sports and outdoor gear) 22.3.15. Pets at Home (for secondhand pet supplies) 22.3.16. Oxfam (for secondhand and vintage items, including fashion and books) 22.3.17. Etsy (for vintage and handmade items) 22.3.18. Farfetch Second Life 22.3.19. Others (as requested) 23. Assumptions and Acronyms Used 24. Research Methodology
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Demand and Trend Analysis of Secondhand Goods in Europe
