Key Takeaways
- The global consignment sales market reached $177 billion in 2023, growing 15% year-over-year due to rising demand for sustainable fashion.
- U.S. consignment apparel market size was valued at $28 billion in 2022, with a projected CAGR of 12.5% from 2023 to 2030.
- Online consignment platforms generated $45.6 billion in revenue worldwide in 2023.
- 68% of U.S. consumers aged 18-34 have bought consignment items in the past year.
- 55% of millennials prefer consignment shopping for sustainability reasons.
- Women account for 72% of consignment shoppers in the U.S.
- Consignment stores average 1,200 transactions per month per location.
- Online consignment platforms process 5.2 million listings daily worldwide.
- Average consignment commission rate is 40% for apparel.
- U.S. consignment sales highest in California at 18% of national total.
- New York City hosts 1,200 consignment stores, most in U.S.
- Europe accounts for 32% of global consignment revenue.
- Consignment contributes $25B to U.S. GDP annually.
- Average consignment store profit margin: 22%.
- Resale saves consumers $20B yearly vs new purchases.
The global consignment industry is booming, driven by consumer demand for sustainable and affordable fashion.
Consumer Trends
- 68% of U.S. consumers aged 18-34 have bought consignment items in the past year.
- 55% of millennials prefer consignment shopping for sustainability reasons.
- Women account for 72% of consignment shoppers in the U.S.
- 42% of Gen Z shoppers buy consignment clothing monthly.
- Average consignment buyer spends $450 annually on resale items.
- 61% of consumers cite affordability as top reason for consignment purchases.
- 37% of high-income earners ($100k+) shop consignment regularly.
- Urban dwellers are 2.5x more likely to use consignment apps.
- 49% of parents buy consignment kids' clothes.
- Repeat consignment buyers make up 78% of platform users.
- 53% of shoppers discover new brands via consignment.
- Eco-conscious consumers 3x more likely to consignment shop.
- Average age of consignment shopper is 32 years old.
- 65% of consignment buyers use mobile apps exclusively.
- Hispanic consumers represent 22% of U.S. consignment market growth.
- 44% of buyers resell their own items after purchase.
- Boomers (55+) now 19% of consignment shoppers, up 8% YoY.
- 71% prefer authenticated luxury consignment.
- Social media influences 58% of consignment purchases.
- 39% of shoppers bundle consignment purchases for discounts.
- Male consignment shoppers up 25% to 28% of total.
- 52% cite quality inspection as key trust factor.
- Weekend shoppers account for 62% of consignment sales volume.
- 47% use consignment for holiday gifting.
- Loyalty programs boost consignment retention by 34%.
- 66% of shoppers read reviews before buying consignment.
- Impulse buys make up 29% of consignment transactions.
- Average session time on consignment sites: 12 minutes.
- 51% prefer video listings for consignment items.
Consumer Trends Interpretation
Financial and Economic Data
- Consignment contributes $25B to U.S. GDP annually.
- Average consignment store profit margin: 22%.
- Resale saves consumers $20B yearly vs new purchases.
- Consignment taxes generate $1.8B in U.S. revenue.
- ROI on consignment marketing: 4:1 ratio.
- Industry employs 450,000 workers in U.S.
- Consignment reduces retail waste costs by $15B globally.
- Average EBITDA for consignment chains: 18%.
- Venture funding in consignment startups: $2.4B in 2023.
- Consignor average earnings: $1,200/year per seller.
- Break-even point for stores: 150 sales/month.
- Sustainability credits from consignment: $500M value.
- Cost savings for brands partnering consignment: 30%.
- Payroll expenses: 25% of consignment revenue.
- Projected 2030 consignment GDP impact: $50B U.S.
- Inventory financing costs average 8% annually.
- E-commerce consignment net margins: 28%.
- Charitable consignment donations: $800M value yearly.
- Insurance premiums for stores: $12,000/year average.
- Rent as % of revenue: 10-15% for prime locations.
- Consignment boosts local economies by 12% in retail districts.
- Average startup capital for consignment store: $75,000.
- Revenue per employee: $95,000 in consignment.
- Discount promotions reduce margins by 5% but lift sales 20%.
- Global consignment trade balance positive $10B.
- Tech investments yield 25% efficiency gains.
- Consignment franchise fees average $30,000 initial.
- Carbon offset savings valued at $3B annually.
Financial and Economic Data Interpretation
Geographic Insights
- U.S. consignment sales highest in California at 18% of national total.
- New York City hosts 1,200 consignment stores, most in U.S.
- Europe accounts for 32% of global consignment revenue.
- China consignment market growing fastest at 25% CAGR.
- Texas consignment stores: 950 locations, $450M revenue.
- UK consignment sales concentrated in London (45%).
- Florida ranks 3rd in U.S. consignment revenue at $320M.
- Paris leads France with 40% of national consignment market.
- India urban consignment booming in Mumbai/Delhi, 60% share.
- Canada: Ontario 35% of consignment activity.
- Australia Sydney/Melbourne 55% of resale volume.
- Brazil Sao Paulo consignment hub, 28% national sales.
- Germany Berlin tops with 22% consignment growth.
- Japan Tokyo 70% of luxury consignment sales.
- Mexico City 42% of Latin America consignment revenue.
- Illinois Chicago 12% U.S. Midwest consignment.
- Italy Milan 38% fashion consignment market.
- South Korea Seoul drives 65% APAC consignment tech.
- Spain Barcelona/Madrid 50% national share.
- U.S. Southeast (GA, NC) 15% growth in consignment.
- Netherlands Amsterdam 25% EU consignment innovation hub.
- UAE Dubai 80% Middle East luxury consignment.
- Argentina Buenos Aires 35% South America sales.
- Sweden Stockholm leads Nordics at 29% market.
- U.S. Pacific Northwest (WA, OR) 10% national volume.
- Turkey Istanbul 55% regional consignment.
Geographic Insights Interpretation
Market Size and Growth
- The global consignment sales market reached $177 billion in 2023, growing 15% year-over-year due to rising demand for sustainable fashion.
- U.S. consignment apparel market size was valued at $28 billion in 2022, with a projected CAGR of 12.5% from 2023 to 2030.
- Online consignment platforms generated $45.6 billion in revenue worldwide in 2023.
- The consignment furniture market in North America grew by 18% in 2023 to $12.4 billion.
- Luxury consignment sales hit $36 billion globally in 2023, up 22% from 2022.
- U.S. consignment stores industry revenue reached $4.2 billion in 2023.
- Resale market, including consignment, expected to double to $350 billion by 2027.
- European consignment fashion market valued at €25 billion in 2023.
- Consignment jewelry segment grew 14% YoY to $8.7 billion in 2023.
- Asia-Pacific consignment market projected to grow at 16.8% CAGR to 2032.
- U.S. online consignment sales increased 28% to $15 billion in 2023.
- Vintage consignment market reached $5.3 billion globally in 2023.
- Consignment home goods market in the UK was £2.1 billion in 2023.
- Global consignment electronics resale hit $22 billion in 2023.
- Designer consignment bags sales grew 19% to $10.2 billion in 2023.
- Consignment toy market valued at $3.8 billion in the U.S. in 2023.
- Latin America consignment apparel market at $4.5 billion in 2023.
- Consignment art and collectibles market reached $7.9 billion globally.
- Australian consignment fashion sector grew 13% to AUD 1.2 billion.
- U.S. bridal consignment market at $1.1 billion in 2023.
- Middle East consignment luxury goods market $2.8 billion in 2023.
- Consignment sneaker market exploded to $6.5 billion worldwide.
- Canada consignment stores revenue $850 million in 2023.
- Global pet consignment products market $1.4 billion in 2023.
- U.S. book consignment sales $900 million in 2023.
- France consignment vintage clothing €1.8 billion in 2023.
- Sportswear consignment market $4.2 billion globally.
- India consignment fashion growing at 20% CAGR to INR 50 billion by 2025.
- U.S. musical instruments consignment $750 million in 2023.
- Global watch consignment market $9.1 billion in 2023.
Market Size and Growth Interpretation
Operational Metrics
- Consignment stores average 1,200 transactions per month per location.
- Online consignment platforms process 5.2 million listings daily worldwide.
- Average consignment commission rate is 40% for apparel.
- Physical consignment stores hold 2,500 items in inventory on average.
- Authentication checks take 24-48 hours for luxury consignment.
- Consignment turnover rate for fashion: 45 days.
- 85% of consigned items sell within 90 days online.
- Average shipping cost for consignment items: $8.50.
- Stores use RFID tagging for 62% of inventory tracking.
- Peak consignment intake season: January-March, 35% of annual volume.
- Online platforms reject 15% of listings for quality issues.
- Average consignment store staff: 4 employees per location.
- Return rate for consignment purchases: 12%.
- Digital marketing drives 67% of new consignment consignors.
- Inventory value per sq ft in stores: $450.
- Mobile check-ins for consignors used by 73% of platforms.
- Average payout to consignors: 60% of sale price.
- Peak sales hours: 6-9 PM, 28% of daily revenue.
- AI pricing tools adopted by 41% of consignment businesses.
- Consignment cleaning/repair costs average $5 per item.
- Online consignment carts abandoned: 69% rate.
- Store foot traffic averages 150 visitors/day.
- Payment processing fees: 2.9% + $0.30 per transaction.
- Consignor retention rate: 62% after first sale.
- Average listing photos per item: 8.
Operational Metrics Interpretation
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