Second-hand market to grow to $393 billion by 2030
The annual Resale Report has been published. It states that the global second-hand market is expected to grow to $393 billion by 2030, accounting for approximately 10 percent of total global apparel spending.
According to the report, conducted by research firm GlobalData, resale is developing beyond a temporary trend and is increasingly capturing market share from traditional retail. The figures show that in 2025, the second-hand market grew almost four times faster than the broader apparel retail sector, indicating a structural shift in how consumers shop and value fashion.
"Resale is not just growing; it's directly taking market share," the study states. "In 2025, the US second-hand market alone grew almost four times faster than the broader apparel market. The next phase will be determined by who can best unlock supply and leverage AI to connect that inventory with the new generation of shoppers."
Based on market simulations, a survey of over consumers, and insights from 50 fashion brands, the report concludes that the global second-hand market is expected to grow approximately twice as fast as the overall fashion industry over the next five years.
Consumer behavior is also changing: nearly half of shoppers now discover second-hand items through social media platforms, influencers, and creator content, rather than through traditional marketplace searches. Gen Z and Millennials are expected to account for approximately 71 percent of the growth by 2030.
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