Title: FMI Revises Bicycle Shoe Market Forecast, as COVID-19 Pandemic Continues to Expand Quickly
1Secondhand Apparel Market is Expected to Reach
US 67,522.9 Mn by 2027
Report Id REP-GB-11161 Published On Mar
20,2020 Category Retail and Consumer Products
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4Secondhand Apparel Market Analysis
- The secondhand apparel market is projected to
grow at a tremendous CAGR of 11 during the
forecast period (2029-2027). A significant
increase in millennial spending, preference in
clothing brands, and overall economic growth are
predominant factors driving the sales of
secondhand apparel. - The young generation's inclination towards
online reselling platforms to buy
environmentally-friendly clothing will continue
to be a major booster to sales, reveals Future
Market Insights (FMI), in its new study. - Secondhand Apparel Market Key Takeaways
- The Middle East Africa (MEA) will remain the
key regional market for secondhand apparel. - MEA market is upheld by the high import of used
clothing from the US and Europe, and high
prevalence of secondhand clothes in Sub-Saharan
African countries such as Kenya. - Dresses and tops will remain the sought-out
categories, with more than 1/3rd of total sales. - Shirts and T-shirts would outpace other types of
apparel in terms of growth in the near future.
5Secondhand Apparel Market Analysis
- Secondhand Apparel Market Key Driving Factors
- Increasing spending power of millennials is
enabling them to explore trendy, low cost, and
classy-style used clothes. - Growing affordability and availability of used
clothes are giving a significant thrust to sales
of secondhand apparel. - Rise in working womens population, demand for
formal dresses among women are expected to
further drive the market. - Increasing consumer awareness of online resale
platforms and rapidly growing online start-ups
for selling pre-owned branded clothes is giving
significant traction to sales. - Secondhand Apparel Market Key Constraint
- The narrowing gap between the brand-new and
secondhand apparel is expected to hold a
considerable impact on the rapid growth of the
market.
6Secondhand Apparel Market Analysis
Competition Landscape Some of the leading
players in the secondhand apparel market are
Thredup Inc., The RealReal, Poshmark, Vinted,
Micolet, Percentil.ma, Thrift, Chikatex, HunTex
Recycling Kft, British Used Clothing Company,
eBay Inc., AE Used Clothing Wholesale,
Mobacotex, Tradesy, StockX, among others. The
market players are investing in promotional
activities, expansion of sales outlets, and are
entering into strategic partnerships with
prominent retailers to cater to growing demand
from consumers. Request for covid19 Impact
Analysis https//www.futuremarketinsights.com/cov
id19/REP-GB-11161 Press Release Source
https//www.globenewswire.com/news-release/2020/04
/01/2010009/0/en/Secondhand-Apparel-Set-for-Strong
-Hike-in-Sales-Through-2027-MEA-Is-Developing-a-Hi
ghly-Lucrative-Market-for-Investors-Forecasts-a-Ne
w-FMI-Study.html
7Secondhand Apparel Market Analysis
- Explore Extensive Coverage of FMIs Retail
Consumer Products Landscape - BB Cream Market
- Air Mattress Market
- Smart Shoe Market
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8Secondhand Apparel Market Analysis
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