How many people shop second-hand in the UK?

Looking at secondhand purchases in general, regardless of product category, an even higher percentage of UK users say they have recently purchased a secondhand item. In fact, 60% of UK online shoppers say they've bought a secondhand item in the last 12 months, compared to 40% who haven't.

How big is the second hand market?

- The global market for second-hand products was estimated to be worth a market valuation of around US$ 405.5 billion in 2022. The market is anticipated to advance with a booming 13.6% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 1.3 trillion.

Is second hand shopping becoming more popular?

Despite the various barriers to growth, it looks as if the second-hand market is set to thrive in the years ahead. According to Thredup's Resale Report 2023, the global secondhand market is expected to grow three times faster on average than the global apparel market overall and will be worth $351 billion by 2027.

Do people buy 2nd hand clothes?

There are millions of garments going to waste. So regardless of whether you can afford to buy brand new, it's okay to buy preloved; it's ethical and sustainable, good for people and planet. Of course, we need to keep the price of clothing low, so second hand fashion continues to be accessible for everyone.

What is the second hand clothing market trend?

The global secondhand apparel market is expected to grow 3X faster on average than the global apparel market overall. Secondhand saw strong growth in 2022 at 28%. By 2024, 10% of the global apparel market is expected to be made up of secondhand apparel. US secondhand market expected to reach $70bn by 2027.

Second Hand Clothing in UK | Where to Buy Secondhand Clothing in the UK

Why has second hand clothing become popular?

Young consumers are increasingly opting for second-hand fashion for reasons including sustainability as well as "high street fatigue" as they become bored of standard high street shopping.

Why is second hand shopping popular?

“People are particularly price sensitive at the moment, and secondhand goods offer the opportunity to get top quality products at slightly more reasonable prices, while retailers are increasingly prioritising sustainability,” said British Retail Consortium (BRC) economist Harvir Dhillon.

How many people buy second hand clothes?

This is consistent with previous reports by other publications. In general, 69% of Gen Z users and 67% of millennial respondents said they have bought any secondhand item in the past 12 months. Gen X are less prone to having made secondhand purchases at 52%, followed by 45% of baby boomers.

How to be successful selling second hand clothes?

Describe the condition in detail

Everybody understands the clothes are used. Do mention if there are stains and where they're located (or better, take a photo). Mention loose hems or threads. Also, describe what's good about the garment – you don't want to scare people off.

Can you make a business selling second hand clothes?

You can run a used clothing company online, attempt a flea market, or rent a booth at a swap meet. Even before creating a permanent storefront site, the Internet may give you the opportunity to raise money and establish your brand.

What is the most sold second-hand item?

What sells the most second-hand?

U.S. consumers most commonly buy Clothing second-hand followed by Bags & accessories, while they are least likely to buy Pet products second-hand. These results are based on our representative online survey conducted in 2023 among 10,022 respondents in the United States.

Why does Gen Z love thrifting?

For Gen Z, thrifting is more than just an affordable practice; it's a form of self-expression. With a wide range of one-of-a-kind items in thrift stores, they're able to find unique pieces that reflect their personal style. Some Gen Zers view thrifting and reselling as a challenge to find the diamond in the rough.

What is the future of the second hand market?

The Global Second-hand Clothing market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

How fast is the second hand market growing?

US secondhand market is expected to reach $70B by 2027. US resale will see accelerated growth in 2023, growing at 26%, and continue the momentum into 2024, growing at 33%. Online resale is the fastest-growing sector of the US secondhand market.

What is the growth rate of the second hand market?

The global Second Hand Apparel market size was valued at USD 29000.0 million in 2021 and is expected to expand at a CAGR of 14.98% during the forecast period, reaching USD 67000.0 million by 2027.

Where is best to sell second hand clothes UK?

Can you make money selling second hand clothes online?

eBay, the original buying and selling site that we all know and love, has been a resale go-to for decades. If you want to sell your clothes (or anything, really) all you have to do is set up an eBay account, post a photo and description, choose a starting price and watch as people make bids on your item.

What is the best platform to sell secondhand clothes?

How many people use Vinted?

Since their launch, Vinted has expanded into men's and children's clothing. As of December 2023, Vinted is available in twenty-one countries and has more than 65 million registered users.

What percentage of clothes are bought online UK?

eCommerce online share of the total Fashion market in the UK

It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the UK Fashion retail market, the online share is 39.2% and will increase by an average of 3.6% to 45.2% by 2027.

Why do Gen Z buy second-hand clothes?

The top three reasons Gen Z are buying used clothing is to save money, to be more sustainable, and to have more fun shopping, the report said. The market for secondhand goods in the United States is expected to more than double to 82 billion dollars by 2026, from 35 billion dollars in 2021, according to the report.

Do people like buying second-hand things why?

Here are the top three reasons for buyers choosing to shop secondhand: Affordability. Sustainability. Uniqueness.

Is thrifting a trend right now?

Now, thrifting your clothes is considered less of an essential habit and more of a fashion statement. In 2023, shopping for secondhand clothing actually makes you cool. According to ThredUp's Annual Resale Report for last year, secondhand shopping is becoming a global phenomenon, expected to grow 127% by 2026.

Is thrifting common in the UK?

UK consumers most commonly buy Clothing second-hand followed by Books, movies, music & games (excluding downloads), while they are least likely to buy Pet products second-hand. These results are based on our representative online survey conducted in 2023 among 4,029 respondents in the UK.