GITNUX MARKETDATA REPORT 2024

Recommerce Industry Statistics

The recommerce industry is expected to continue growing rapidly, with an estimated market value exceeding $30 billion by 2025.

Statistic 1

"The global recommerce industry was valued at around $32.6 billion in 2019."

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Statistic 2

"Around 56% of women have bought or were willing to buy second-hand products in 2020."

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Statistic 3

"About 48% of consumers think recommerce is the way to help reduce fashion’s environmental impact."

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Statistic 4

"An estimated 2.3 billion consumers worldwide were purchasing secondhand goods in 2017."

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Statistic 5

"The clothing resale market has grown 21 times faster than the retail market in the past three years."

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Statistic 6

"40% of 25- to 34-year-olds in the US shopped secondhand in 2019."

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Statistic 7

"Recommerce business in the Luxury sector expected to be worth $44 billion globally by 2029."

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Statistic 8

"Fashion industry volume reduction due to RECOMMERCE is up to 20%."

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Statistic 9

"Secondhand apparel worth is expected to double in next 5 years."

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Statistic 10

"Online sales to make up 33% of secondhand sales by 2021."

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Statistic 11

"The average consumer now throws away 70 pounds of clothing per year."

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Statistic 12

"Luxury resale items are estimated to bring in $1.64 billion in sales in 2021."

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Statistic 13

"9 out of 10 retail executives plan to invest in the resale or rental models by 2021."

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Statistic 14

"Mobile recommerce sales is expected to reach $41 billion by 2022."

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