ThredUp Predicts $40 Billion Online Resale Market by 2029
Credit: ThredUp
ThredUp Predicts $40 Billion Online Resale Market by 2029
The online resale market is experiencing a remarkable boom, according to ThredUp's 13th annual Resale Report released this week. The report highlights accelerated growth in 2024
Resale is expected to grow 11X faster than broader retail clothing
Retail Industry Insights
Looking Ahead
The online resale market is experiencing a remarkable boom, according to ThredUp's 13th annual Resale Report released this week. The report highlights accelerated growth in 2024 and projects the sector will reach a staggering $40 billion by 2029.
This surge is driven by increasing consumer awareness of sustainable fashion choices, the convenience of online platforms, and the growing acceptance of pre-owned apparel. “As consumers are increasingly thinking secondhand first, the retail industry is adopting powerful
new pathways for resale.
From the integration of social commerce and innovative AI applications to the establishment of trade organizations and interfacing with government, it’s clear why resale is seeing accelerated growth and has such a promising growth trajectory.” – James Reinhart, CEO, ThredUp Key Findings of the ThredUp Resale Report Rapid Growth: The U.S.
secondhand apparel market grew 14% in 2024, outpacing the broader retail clothing market by 5X. Future Projections: Online resale is expected to reach $40 billion by 2029, growing at a compound annual growth rate (CAGR) of 13%.
Consumer Adoption: 59% of consumers say they will seek secondhand options if tariffs make apparel more expensive…
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