Europe's second-hand apparel industry is estimated to hit a value of US$ 17,329.90 million in 2024. The momentum is forecast to prevail with a CAGR of 7.70%, taking the valuation to a projected US$ 36,368.10 million by 2034. The growth of the European second-hand apparel industry echoes the increased consciousness and knowledge of sustainability.
Where the condemnation of normal consumers is trending toward environmental degradation, consumers are increasingly looking for a way out of this dilemma, and used clothing is increasingly becoming an alternative. This change in the mindset of the consumer is now redefining the dynamics of the fashion industry, and second-hand apparel is becoming the absolute front runner in being looked upon as a valid and ethical choice.
The emergence of digital platforms, those specializing in the clothes' resale market, has further broadened the spectrum and repositioned second-hand fashion in a way that was never imagined could be possible. It is, therefore, made "democratic" to some level when it comes to selling on resale touchpoints by brands like Depop, Vestiaire Collective, and Vinted to make it easy to sell pre-loved garments online.
| Attributes | Details |
|---|---|
| Industry Size of Europe in 2024 | US$ 17,329.90 million |
| Expected Industry Size of Europe by 2034 | US$ 36,368.10 million |
| Forecasted CAGR between 2024 to 2034 | 7.70% |
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Rebirth of Thrift Shopping
The culture of thrift shopping that was otherwise relegated to small markets of boutique has, in recent times, become popularly attended to by the broad section of the masses. Thrill in finding something unique and mostly vintage at throw away prices appeals to customers who are searching for individuality and style as part of the sustainable movement.
The Influence of Social Media on Fashion Consciousness
The interruption of digital media and social media platforms directly redesigned the interaction between consumers and fashion into a culture of people conscious of fashion, inspired by celebrities and influencers online. The normalization of thrift apparel has been related to influencers and celebrities who display a kind of lifestyle of buying second-hand apparel on different social sites.
Growth in the Luxury Resale Market
The luxury resale industry is burgeoning with a boom rate. The aspirations toward being value-conscious among people are increasing in terms of their desire for access to premium brand products at relatively lower prices. Thus, luxury resale platforms are not only concerned with recycling authenticated pre-owned designer pieces that allure consumers toward the glamour of luxury fashion with an incredibly reduced impact on the environment but also require reduced financial investments to a considerable extent.
Rental and Subscription Services
Clothes-renting companies to subscription services are becoming an ideal option for customers to walk down the aisle in a single dress or fulfill other specific needs without the consequences of wear and tear. Renting also provides the opportunity for people to experiment with different styles and fashion trends within their wardrobe and leave long-term assets tied up in a trendy piece.
The section offers an analysis of the dominant segments influencing the demand outlook for second-hand apparel in Europe.
| Dominant Segment by Product Type | Party, Evening & Occasion Wear |
|---|---|
| Share held by the Segment in 2024 | 21.30% |
Party, evening, and occasion wear currently hold a share of 21.3% in Europe’s second-hand apparel industry.
| Dominant Segment by Consumer Orientation | Women |
|---|---|
| Share held by the Segment in 2024 | 55.10% |
Women segment remains dominant in the Europe second-hand apparel industry and is expected to command a 55.1% in 2024.
Principal Consultant
| Countries | CAGR from 2024 to 2034 |
|---|---|
| Germany | 5.40% |
| United Kingdom | 3.70% |
| France | 6.60% |
| Italy | 7.40% |
| Spain | 8.10% |
Italy's second-hand apparel industry to rise at a projected CAGR of 7.4% from 2024 to 2034.
Germany's second-hand apparel industry is projected to rise at a CAGR of 5.4% by 2034.
France's second-hand apparel industry is expected to expand at a CAGR of 6.6% through 2034.
The United Kingdom boasts a mature second-hand apparel industry, with a projected CAGR of 3.7% through 2034.
Spain's second-hand apparel industry is poised for explosive growth, with a projected CAGR of 8.1% through 2034.
The European second-hand apparel industry is a thriving battlefield with established players and new entrants vying for dominance. Major online resale platforms like Vinted, Depop, and Vestiaire Collective are leading the charge, offering user-friendly interfaces and curated experiences to attract a broad customer base.
European luxury behemoths like The RealReal and Rebag have clocked in their expansive moves into in-house authentication and luxury level curation done on a slew of pre-owned designer wares. Meanwhile, the more recent entrance of even fast-fashion greats, such as H&M or Zara, feeling out the potential of garment collection and resale programs might be a hint at a larger systemic shift toward a circular fashion model within the industry.
This is further enhanced by the sustained existence of conventional players. The brick-and-mortar thrift and charity stores keep the heartbeat of the European second-hand apparel industry at high standards, contributing a wealth of rare finds and lots of options for their clientele operating on a shoestring.
The industry environment is dynamic and rife with opportunities, given niche players who would occupy the domain to offer more boutique-style unique vintage clothing, sportswear, or children's offers. The companies that satisfy this niche, demarcate the customer segments, and what makes these offers unique, offer particular relevance, and make these shopping experiences more relevant are bound to gain the most amongst the rest.
Recent Developments Observed in Europe Second-hand Apparel Business
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The second-hand apparel industry in Europe is poised to reach US$ 17,329.90 million by 2024.
The industry is anticipated to surpass a valuation of US$ 36,368.10 million by 2034.
The demand for second-hand apparel in Europe is likely to rise at a CAGR of 7.70% from 2024 to 2034.
Women segment has captured the dominant segment of the industry in 2024.
The party, evening & occasion segment is anticipated to lead the industry in 2024.
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. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.1.2. Mid-Level Participants (Traders)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Dresses & Tops
5.3.2. Shirts & T-Shirts
5.3.3. Sweater
5.3.4. Coats & Jackets
5.3.5. Jeans & Pants
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sector
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sector, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sector, 2024 to 2034
6.3.1. Resale
6.3.2. Traditional Thrift Stores & Donations
6.4. Y-o-Y Growth Trend Analysis By Sector, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Sector, 2024 to 2034
7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Group
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Consumer Group, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Consumer Group, 2024 to 2034
7.3.1. Men
7.3.2. Women
7.3.3. Kids
7.4. Y-o-Y Growth Trend Analysis By Consumer Group, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Consumer Group, 2024 to 2034
8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034
8.3.1. Wholesalers/Distributors
8.3.2. Hypermarkets/Supermarket
8.3.3. Multi-Brand Store
8.3.4. Independent Small Stores
8.3.5. Departmental Stores
8.3.6. Online Retailers
8.3.7. Other Sales Channel
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034
9.3.1. Spain
9.3.2. Germany
9.3.3. Netherlands
9.3.4. France
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Market Attractiveness Analysis By Country
10. Spain Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Region
10.2.2. By Product Type
10.2.3. By Sector
10.2.4. By Consumer Group
10.2.5. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Product Type
10.3.3. By Sector
10.3.4. By Consumer Group
10.3.5. By Sales Channel
10.4. Key Takeaways
11. Germany Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Region
11.2.2. By Product Type
11.2.3. By Sector
11.2.4. By Consumer Group
11.2.5. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Product Type
11.3.3. By Sector
11.3.4. By Consumer Group
11.3.5. By Sales Channel
11.4. Key Takeaways
12. Netherlands Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.2. By Product Type
12.2.3. By Sector
12.2.4. By Consumer Group
12.2.5. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Product Type
12.3.3. By Sector
12.3.4. By Consumer Group
12.3.5. By Sales Channel
12.4. Key Takeaways
13. France Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Region
13.2.2. By Product Type
13.2.3. By Sector
13.2.4. By Consumer Group
13.2.5. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Product Type
13.3.3. By Sector
13.3.4. By Consumer Group
13.3.5. By Sales Channel
13.4. Key Takeaways
14. Italy Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Region
14.2.2. By Product Type
14.2.3. By Sector
14.2.4. By Consumer Group
14.2.5. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Region
14.3.2. By Product Type
14.3.3. By Sector
14.3.4. By Consumer Group
14.3.5. By Sales Channel
14.4. Key Takeaways
15. Russia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Region
15.2.2. By Product Type
15.2.3. By Sector
15.2.4. By Consumer Group
15.2.5. By Sales Channel
15.3. Market Attractiveness Analysis
15.3.1. By Region
15.3.2. By Product Type
15.3.3. By Sector
15.3.4. By Consumer Group
15.3.5. By Sales Channel
15.4. Key Takeaways
16. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.2. By Product Type
16.2.3. By Sector
16.2.4. By Consumer Group
16.2.5. By Sales Channel
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Product Type
16.3.3. By Sector
16.3.4. By Consumer Group
16.3.5. By Sales Channel
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product Type
17.3.3. By Sector
17.3.4. By Consumer Group
17.3.5. By Sales Channel
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Vinted
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Ebay
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Vestaire Collective
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Garson & Shaw
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Depop
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. F&P Stock Solutions
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Etsy
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Yaga
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Farfetch
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Industry Analysis of Second-hand Apparel in Europe
