GITNUX MARKETDATA REPORT 2024

Must-Know Resale Industry Statistics [Latest Report]

Statistic 1

"Clothing and accessories hold the largest market share (49%) of the worldwide retail resale market, followed by footwear (16%) and bags (11%)."

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Statistic 2

"Clothing and accessories hold the largest market share (49%) of the worldwide retail resale market, followed by footwear (16%) and bags (11%)."

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Statistic 3

"The retail sale of second-hand goods in stores in France is expected to increase from 2.3 billion euros in 2016 to 3.3 billion euros in 2025."

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Statistic 4

"The luxury children’s item resale market in the US was worth $1.16 billion in 2020, a 6% increase from the previous year."

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Statistic 5

"The US resale market for kids’ and baby items was valued at $6.4 billion in 2020 and is projected to grow to $9.4 billion by 2025."

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Statistic 6

"The resale industry is expected to grow to a $64 billion market by 2024."

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Statistic 7

"The secondhand market is predicted to be twice the size of fast fashion by 2030."

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Statistic 8

"In 2017, the overall revenue for the U.S. resale industry was $17.5 billion."

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Statistic 9

"Resale is growing 21 times faster than the retail industry over the past three years."

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Statistic 10

"87% of consumers are using or open to using resale platforms."

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Statistic 11

"About 57% of consumers have purchased second-hand items, and 43% have sold used items."

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Statistic 12

"Approximately 20% of a customer’s wardrobe is predicted to be acquired from the resale market by 2030."

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Statistic 13

"80% of all clothing purchased in 2040 will be second-hand or sustainable."

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Statistic 14

"The fashion resale market is expected to overtake the fashion rental market by 2023."

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Statistic 15

"Resold products can save 83% of CO2 emissions from new production."

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Statistic 16

"Brick-and-mortar consignment stores account for about 80 percent of the U.S. resale industry."

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Statistic 17

"54% of online resale customers intend to replace fast fashion with second-hand clothing purchases."

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Statistic 18

"62% of consumers who shop at online resale sites do so intending to buy a specific brand."

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