US SECOND HAND CLOTHING MARKET

INTRODUCTION

Thrift stores and resale platforms are the two main types of used clothing stores. However, it is the latter that has been largely responsible for the recent rise. Secondhand clothing has traditionally been associated with being worn out and soiled, and is mostly sought after by bargain or treasure hunters.

This view has shifted, and many shoppers now believe that secondhand clothing is of equal or even higher quality than new clothing.

Purchasing old clothing rather than new garments helps to offset the carbon emissions produced by hazardous new clothing production. The second-hand clothes market also lessens the demand for new fabric production, which is critical for conserving resources like water and electricity. Furthermore, buying and selling secondhand clothing helps to keep outdated items out of landfills.

US SECOND HAND CLOTHING MARKET SIZE AND FORECAST

The US Second hand Clothing Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

MARKET DYNAMICS

Poshmark, a social shopping platform specializing in used clothing based in the United States, is expanding into the Indian domestic market. It has the potential to be a game-changer for the Indian online fashion industry.

However, they believe that Indian consumers have always been more concerned with sustainability than those in other markets. Poshmark, for example, delivers both value and a sustainable lifestyle.

Depop, a community-powered fashion shop, has been acquired by Etsy, a New York-based online marketplace. Depop is a resale marketplace based in London. Because younger consumers adopt second-hand fashion faster than any other demographic, and the bulk of Depop's users are under the age of 26, Etsy feels Depop has a very distinctive position in the fast-growing resale industry.

COMPANY PROFILE

• Refashioner
• Urban Renewal
• Alibaba
• Tradesy
• The Real Real
• 2nd Street
• Texxteam
• Vestiaire Collective
• Goodwill
• Ebay

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per US Second hand Clothing Market right now and how will it change in the next 5-6 years?
2. Average cost to set up a Second hand Clothing Market in the US?
3. How many US Second hand Clothing Markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a US Second hand Clothing Market and key vendor selection criteria
6. Where is the US Second hand Clothing Market manufactured? What is the average margin per equipment?
7. Market share of US Second hand Clothing Market manufacturers and their upcoming products
8. The most important planned US Second hand Clothing Market in next 2 years
9. Details on network of major US Second hand Clothing Market and pricing plans
10. Cost advantage for OEMs who manufacture US Second hand Clothing Market in-house
11. 5 key predictions for next 5 years in US Second hand Clothing Market
12. Average B-2-B US Second hand Clothing Market price in all segments
13. Latest trends in US Second hand Clothing Market, by every market segment
14. The market size (both volume and value) of the US Second hand Clothing Market in 2022-2027 and every year in between?
15. Global production breakup of US Second hand Clothing Market, by suppliers and their OEM relationship