The secondhand apparel revenue in GCC totaled US$ 2,727.5 million in 2023. Demand for secondhand apparel recorded a y-o-y growth of 6.5% in 2023. Overall sales of secondhand apparel in GCC are likely to soar at a 7.7% CAGR, taking the valuation from US$ 2,912.6 million in 2024 to US$ 6,114.95 million by 2034.
| Attributes | Key Insights |
|---|---|
| GCC Secondhand Apparel Business Revenue in 2023 | US$ 2,727.5 million |
| Estimated GCC Secondhand Apparel Business Revenue (2024E) | US$ 2,912.6 million |
| Projected GCC Secondhand Apparel Business Size (2034F) | US$ 6,114.95 million |
| Value-based CAGR (2024 to 2034) | 7.7% |
Overview of the GCC Secondhand Apparel Business
The secondhand apparel business in GCC is growing due to several factors. These include the increasing popularity of sustainable fashion, the rising cost of new clothing, and the growing awareness of the environmental impact of the fashion sector.
Secondhand apparel provides a more affordable option than new clothing, which is appealing to several customers across GCC countries. The rising preference for secondhand apparel clothing due to its cost-effectiveness is a key factor expected to boost revenue.
Savvy shoppers across countries such as Saudi Arabia and Qatar are turning to thrift stores to save money and help the environment. Hence, the growing number of eco-friendly shoppers in GCC countries will play a key role in driving the demand for secondhand apparel.
The growing popularity of online shopping is also influencing sales growth across GCC countries. This is because online shopping makes it easier for consumers to find and purchase secondhand clothing and compare prices from different retailers.
Prominent players would collaborate with apparel businesses to develop a popular trend. Limited edition releases and special partnerships would also generate a buzz and consumer interest. These exclusive releases frequently become highly sought-after commodities, luring fashion-conscious consumers to aid the target business’s growth.
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The secondhand apparel business in GCC registered a CAGR of 6.5% from 2019 to 2023. It attained a total valuation of US$ 2,727.5 million at the end of 2023. Over the forecast period, secondhand apparel demand in GCC is projected to rise at a 7.7% CAGR.
| Historical CAGR (2019 to 2023) | 6.5% |
|---|---|
| Forecast CAGR (2024 to 2034) | 7.7% |
During the COVID-19 pandemic, customers lowered their purchasing of non-essential commodities while increasing their purchases of low-cost, disposable attire garments. With the assistance of government and support groups, the notion of eco-fashion and sustainable fashion evolved as solutions to the business’s current environmental challenges.
Secondhand clothing concepts and techniques that are both low-cost and high-quality complement the vintage fashion phenomenon. With growing awareness about the benefits of secondhand clothing, the target business in GCC is set to flourish.
The GCC secondhand apparel business is still growing as it is in its early stages of development. The factors affecting the growth of the target business include a growing awareness of the environmental impact of the fashion sector and rising consumer interest in sustainable fashion options.
Secondhand clothing provides a more sustainable choice than new clothing, as it does not require the production of new materials or the use of energy and resources. They are also inexpensive, which is further increasing their popularity and demand across GCC nations.
Another key factor expected to boost sales across GCC is the growing popularity of online shopping. This is because online marketplaces provide consumers with a convenient and efficient way to buy and sell secondhand clothing.
Principal Consultant
Millennials are becoming the dominant generation in terms of consumer expenditure, which is increasing their importance in society. Young millennials' green purchasing habits are directly linked to their environmental concerns.
According to a study by Big Commerce, with growing digital penetration, 67% of millennials browse and buy on e-commerce websites, with 31% browsing online before making a purchase in a physical store. This is creating lucrative growth opportunities for secondhand apparel companies.
The consumption of recycled clothing with a good cause as a side benefit is a popular trend among millennials. A growing number of younger consumers are looking for more reasonably priced apparel options due to the rising cost of living and economic difficulties. Preowned apparel, often offered at a discount, gives people an affordable option to obtain high-quality gear and well-known brands.
Secondhand apparel is becoming a trend in the ever-growing fashion space. Self-esteem is a factor that practically everyone considers as it evaluates how well one regards their own performance and looks, as well as their relationships with others. The importance of clothing as a communicator of information during social interactions and as a tool for establishing self-identity is recognized by society.
Good looks are increasingly becoming the focal point of attention, boosting the customer’s self-esteem. Better attire, fashion accessories, and other items are chosen to boost self-esteem, and, in turn, customers' preference for a variety of apparel, including secondhand ones, is increasing.
Secondhand goods are no longer taboo; in fact, young people are delighted to buy them. Several reasons are driving this trend, including their low price and the perception that they are more environmentally friendly than new clothing.
A number of online start-ups are trying their hand in secondhand apparel business across GCC and other regions. These start-ups are offering a range of services, such as authentication, curation, and convenient shipping and returns, to make it easier for people to buy and sell pre-owned branded and designer apparel.
Online start-ups are growing rapidly, and they are well-positioned to capitalize on the rising demand for pre-owned designer apparel in GCC. They offer a wide range of items from top designer brands, making it easy for customers to buy and sell pre-owned luxury goods.
The section provides highlights of the secondhand apparel business across prominent countries. Out of all the countries profiled, Bahrain will likely register a CAGR of 10.9%, followed by Kuwait, which is set to exhibit a CAGR of 10.0%.
| Country | United Arab Emirates |
|---|---|
| Growth Rate, 2024 to 2034 | 8.3% |
| Country | Kingdom of Saudi Arabia |
|---|---|
| Growth Rate, 2024 to 2034 | 5.4% |
| Country | Oman |
|---|---|
| Growth Rate, 2024 to 2034 | 9.8% |
| Country | Qatar |
|---|---|
| Growth Rate, 2024 to 2034 | 9.3% |
| Country | Kuwait |
|---|---|
| Growth Rate, 2024 to 2034 | 10.0% |
| Country | Bahrain |
|---|---|
| Growth Rate, 2024 to 2034 | 10.9% |
Sales growth of secondhand apparel in the United Arab Emirates is projected to increase at an 8.3% CAGR during the forecast period. This is attributable to the rising number of online start-ups in the country that only concentrate on selling exclusively pre-owned branded clothing.
The United Arab Emirates is witnessing a dramatic surge in the number of online start-ups. These start-ups offer a convenient and stress-free method to purchase and sell used clothing, thereby fostering revenue growth.
Consumers in the United Arab Emirates are also becoming more aware and environmentally conscious. They are looking for ways to minimize their environmental impact, and secondhand fashion apparel provides a viable option for them.
The presence of both global and local fashion brands in Oman has led to broader apparel choices for consumers. This helps them to find secondhand apparel from a variety of brands, styles, and price points.
The presence of global brands in Oman is leading to increased awareness of fashion trends and styles. Consequently, it is boosting the demand for secondhand clothing as it allows consumers to access the latest fashion trends at a fraction of the cost of buying new clothes from global brands.
The growing presence of online marketplaces in Oman and changing consumer preferences will further boost growth. As per the new report, sales of secondhand apparel in Oman are expected to rise with a prominent CAGR of 9.8% through 2034.s
The secondhand apparel business in Qatar is gaining momentum as people become more interested in thrifting and vintage clothing. They look to seek out distinctive and economical fashion options, leading them toward pre-owned vintage clothing options.
Growth in Qatar is also being driven by the increasing popularity of social media platforms. These platforms would make it easier for consumers to sell and buy vintage, secondhand clothes and help to create a more vibrant secondhand fashion marketplace in Qatar.
As per the latest analysis, the secondhand apparel business in Qatar is expected to surge at a CAGR of 9.3% throughout the forecast period. Hence, it will remain a key destination for secondhand apparel companies across GCC.
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The section below shows the party, evening & occasion wear segment witnessing a high CAGR of 6.5% during the forecast period. Based on consumer orientation, the women segment is set to expand at a 5.9% CAGR. By sales channel, the online marketplace segment will likely thrive at a 5.6% CAGR through 2034.
Growth Outlook by Product Type
| Product Type | Party, Evening & Occasion Wear |
|---|---|
| CAGR | 6.5% |
Based on product type, the party, evening & occasion wear category is expected to register a significant CAGR of 6.5% during the forecast period. It will likely remain the top revenue-generating segment for secondhand apparel companies.
The party, evening, and occasion wear categories are prominent in the GCC secondhand apparel sector as people in the region increasingly look for affordable and stylish options for special occasions. People prefer to buy secondhand clothing as it helps to reduce the amount of waste that goes to landfills.
Increasing penetration of e-commerce and the options they provide renders party, evening & occasion wear a prominent category in the target business. Similarly, growing consumer inclination toward purchasing secondhand party, evening & occasion wear will boost the target segment.
Growth Outlook by Key Consumer Orientation
| Consumer Orientation | Women |
|---|---|
| CAGR | 5.9% |
As per the latest GCC secondhand industry analysis, the women segment is expected to surge at a 5.9% CAGR through 2034. This is due to the increasing preference of women for premium secondhand clothing across GCC.
Women are playing key roles in driving the growth of the secondhand apparel business in the GCC region. As a result, they are becoming the primary focus for retailers and sellers in this thriving sector.
Women across GCC countries are increasingly opting for secondhand apparel as it helps to serve their purpose very comfortably. They can select their outfits based on the occasion, such as a wedding, festival, event, date, or any other occasion, without caring much about the price tags, as secondhand clothes are usually cheaper.
There are also other factors that will likely boost the target segment during the forecast period. These include a wider variety of clothing options available for women, a higher frequency of fashion-conscious shopping habits, and a greater inclination toward sustainability and cost-consciousness.
Growth Outlook by Key Sales Channel
| Sales Channel | Online Market Places |
|---|---|
| CAGR | 5.6% |
In the sales channel category, the online marketplace segment is expected to thrive at a 5.6% CAGR during the forecast period. This is attributable to the rising consumer inclination toward purchasing secondhand apparel through online platforms due to their multiple benefits.
Consumers can browse and purchase items from the comfort of their own homes and take advantage of services such as free delivery and returns. As a result, the online marketplace is emerging as one of the popular sales channels in the target business.
Online marketplaces also conveniently cater to the evolving demand, making them a popular choice among modern consumers. Online retailers further provide heavy discounts and use celebrity endorsement strategies to expand their customer base as well as boost their revenue.
The secondhand apparel business has a fragmented competitive landscape, with several players competing based on different product types, consumer orientations, and sales channels. Companies are collaborating with fashion brands and retailers to offer secondhand clothing options to their customers and expand their reach. They are also focusing on providing users with a wide range of options and expertise.
Recent Development
| Attribute | Details |
|---|---|
| Estimated Value (2024) | US$ 2,912.6 million |
| Projected Value (2034) | US$ 6,114.95 million |
| Anticipated CAGR (2024 to 2034) | 7.7% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Industry Analysis | Value (million) |
| Key Regions Covered | GCC |
| Key Countries Covered | United Arab Emirates, Kingdom of Saudi Arabia, Oman, Qatar, Kuwait, Bahrain |
| Key Segments Covered | Product Type, Consumer Orientation, Sales Channel, Country |
| Key Companies Profiled | Thredup Inc.; The RealReal; Poshmark; The Luxury Closet; My Ex Wardrobe; Second Hand Dubai; Dubizzle; Goodwill UAE; Haraj; Maroof; Olx; Other Players (As Requested) |
| Report Coverage | Industry Forecast, Company Share Analysis, Competition Intelligence, Key Dynamics and Challenges, and Strategic Growth Initiatives |
Total GCC secondhand apparel business revenue reached US$ 2,727.5 million in 2023.
Sales of secondhand apparel in GCC will likely total US$ 2,912.6 million in 2024
GCC secondhand apparel demand grew at a 6.5% CAGR from 2019 to 2023.
By 2034, the total value in GCC will likely reach US$ 6,114.95 million.
GCC secondhand apparel demand is set to rise at a 7.7% CAGR through 2034.
Thredup Inc., The RealReal, Poshmark, and The Luxury Closet are the top players.
1. Executive Summary
1.1. Industry Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Business Overview
2.1. Business Coverage / Taxonomy
2.2. Business Definition / Scope / Limitations
3. Key Trends
3.1. Key Trends Impacting Sales Growth
3.1.1. Fashion Influencers’ Pre-Owned Designer Apparel Attracting High Number of Customers
3.1.2. Increasing Acceptance of Secondhand Clothing
3.1.3. Younger Shoppers Are Powering the Preowned Trend
3.1.4. Consumers Selecting At-home Services Using e-Commerce
3.1.5. Others (during the course of the study)
3.2. Future Prospects of Secondhand Apparel Business
3.2.1. Factors Fueling Growth
3.2.2. Influx of Brands
3.2.3. Increasing Demand of Services
4. Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical and Current Household Expenditure on Secondhand Apparel Analysis, 2019 to 2023
4.2. Y-o-Y Growth Trend Analysis
4.3. Y-o-Y Growth Trend Analysis
5. Pricing Analysis
5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Factors effecting the pricing analysis
6. Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Value (US$ million) Analysis, 2019 to 2023
6.2. Current and Future Value (US$ million) Projections, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Business Background
7.1. Macro-Economic Factors
7.1.1. GDP Growth Outlook
7.1.2. Business Overview
7.1.3. Spending Outlook
7.1.4. Product Outlook
7.2. Forecast Factors - Relevance & Impact
7.2.1. Top Companies Historical Growth
7.2.2. GDP Growth Forecast
7.2.3. Top Companies Historical Growth
7.2.4. Service Sector Gross Value Added
7.2.5. Industry Outlook
7.2.6. Urbanization Growth Outlook
7.3. Value Chain
7.3.1. Profit Margin Analysis at each sales point
7.3.2. List & role of key participant
7.3.2.1. Service Provider
7.3.2.2. Distributors/Retailers
7.4. Key Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
7.5. PESTLE Analysis of Secondhand Apparel Business
7.6. Porter’s Five Force Analysis
8. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Size (US$ million) Analysis By Product Type, 2019 to 2023
8.3. Current and Future Size (US$ million) Analysis and Forecast By Product Type, 2024 to 2034
8.3.1. Party, Evening & Occasion Wear
8.3.2. Formal Wear
8.3.3. Denim
8.3.4. Ethnic Wear
8.3.5. Kids Wear
8.3.6. Casual Wear
8.3.7. Lounge Wear
8.4. Business Attractiveness Analysis By Product Type
9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
9.1. Introduction / Key Findings
9.2. Historical Size (US$ million) Analysis By Consumer Orientation, 2019 to 2023
9.3. Current and Future Size (US$ million) Analysis and Forecast By Consumer Orientation, 2024 to 2034
9.3.1. Men
9.3.2. Women
9.3.3. Kids
9.4. Attractiveness Analysis By Consumer Orientation
10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Size (US$ million) Analysis By Sales Channel, 2019 to 2023
10.3. Current and Future Size (US$ million) Analysis and Forecast By Sales Channel, 2024 to 2034
10.3.1. Thrift Stores/Resale Stores
10.3.2. Vintage Clothing Stores
10.3.3. Online Market Places
10.3.4. Wholesale
10.3.5. Consignment Shops
10.3.6. Modern Trade
10.4. Attractiveness Analysis By Sales Channel
11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. Introduction / Key Findings
11.2. Historical Size (US$ million) Analysis By Region, 2019 to 2023
11.3. Current and Future Size (US$ million) Analysis and Forecast By Region, 2024 to 2034
11.3.1. United Arab Emirates
11.3.2. Kingdom of Saudi Arabia
11.3.3. Oman
11.3.4. Qatar
11.3.5. Kuwait
12. United Arab Emirates Secondhand Apparel Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
12.4. Size (US$ million) Forecast By Taxonomy, 2024 to 2034
12.4.1. By Product Type
12.4.1.1. Party, Evening & Occasion Wear
12.4.1.2. Formal Wear
12.4.1.3. Denim
12.4.1.4. Ethnic Wear
12.4.1.5. Kids Wear
12.4.1.6. Casual Wear
12.4.1.7. Lounge Wear
12.4.2. By Consumer Orientation
12.4.2.1. Men
12.4.2.2. Women
12.4.2.3. Kids
12.4.3. By Sales Channel
12.4.3.1. Thrift Stores/Resale Stores
12.4.3.2. Vintage Clothing Stores
12.4.3.3. Online Market Places
12.4.3.4. Wholesale
12.4.3.5. Consignment Shops
12.4.3.6. Modern Trade
12.5. Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By Consumer Orientation
12.5.3. By Sales Channel
12.6. Key Trends
12.7. Drivers and Restraints - Impact Analysis
12.8. Key Players Participants - Intensity Mapping
13. Kingdom of Saudi Arabia Secondhand Apparel Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
13.4. Size (US$ million) Forecast By Taxonomy, 2024 to 2034
13.4.1. By Product Type
13.4.2. By Consumer Orientation
13.4.3. By Sales Channel
13.5. Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By Consumer Orientation
13.5.3. By Sales Channel
13.6. Key Trends
13.7. Drivers and Restraints - Impact Analysis
13.8. Key Players Participants - Intensity Mapping
14. Oman Secondhand Apparel Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
14.4. Size (US$ million) Forecast By Taxonomy, 2024 to 2034
14.4.1. By Product Type
14.4.2. By Consumer Orientation
14.4.3. By Sales Channel
14.5. By End User Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By Consumer Orientation
14.5.3. By Sales Channel
14.6. Key Trends
14.7. Drivers and Restraints - Impact Analysis
14.8. Key Players Participants - Intensity Mapping
15. Qatar Secondhand Apparel Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
15.4. Size (US$ million) Forecast By Taxonomy, 2024 to 2034
15.4.1. By Product Type
15.4.2. By Consumer Orientation
15.4.3. By Sales Channel
15.5. Attractiveness Analysis
15.5.1. By Product Type
15.5.2. By Consumer Orientation
15.5.3. By Sales Channel
15.6. Key Trends
15.7. Drivers and Restraints - Impact Analysis
15.8. Key Players Participants - Intensity Mapping
16. Kuwait Secondhand Apparel Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
16.4. Size (US$ million) Forecast By Taxonomy, 2024 to 2034
16.4.1. By Product Type
16.4.2. By Consumer Orientation
16.4.3. By Sales Channel
16.5. Attractiveness Analysis
16.5.1. By Product Type
16.5.2. By Consumer Orientation
16.5.3. By Sales Channel
16.6. Key Trends
16.7. Drivers and Restraints - Impact Analysis
16.8. Key Players Participants - Intensity Mapping
17. Structure Analysis
17.1. Industry Analysis by Tier of Companies (Secondhand Apparel)
17.2. Share Analysis of Top Players
17.3. Presence Analysis
18. Competition Analysis
18.1. Competition Dashboard
18.2. Pricing Analysis by Competition
18.3. Competition Benchmarking
18.4. Competition Deep Dive (Skateboard Footwear)
18.4.1. VF Corporation
18.4.1.1. Overview
18.4.1.2. Product Portfolio
18.4.1.3. Profitability by key Segments (Product Type/Consumer Orientation/Sales Channel/Region)
18.4.1.4. Sales Footprint
18.4.1.5. Strategy Overview
18.4.2. Thredup Inc.
18.4.3. The RealReal
18.4.4. Poshmark
18.4.5. The Luxury Closet
18.4.6. My Ex Wardrobe
18.4.7. Second Hand Dubai
18.4.8. Dubizzle
18.4.9. Goodwill United Arab Emirates
18.4.10. Haraj
18.4.11. Maroof
18.4.12. Olx
18.4.13. Other Players (As Requested)
19. Assumptions and Acronyms Used
20. Research Methodology
Consumer Product
March 2024
REP-GB-15854
315 pages
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Secondhand Apparel Industry Analysis in GCC
