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India Second-Hand Apparel Market By Product (Dresses and Tops, Shirts and T-shirts, Sweaters, Coats, and Jackets, Jeans and Pants, Other); By Sector (Resale, Traditional Thrift Stores & Donations); By Target Population (Men, Women, Kids); By Sales Channel (Wholesalers or Distributors, Hypermarkets or Supermarkets, Multi-brand Stores, Independent Small Stores, Departmental Stores, Online Retailers, Other Sales Channels) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: India Second-Hand Apparel Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2024-07-19
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: India Second-hand Apparel Market

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
India Second-hand Apparel Market Size 2023	USD 3,003.65 million
India Second-hand Apparel Market, CAGR	13.04%
India Second-hand Apparel Market Size 2032	USD 9,111.35 million

Market Overview

The India Second-hand Apparel Market is projected to grow from USD 3,003.65 million in 2023 to an estimated USD 9,111.35 million by 2032, with a compound annual growth rate (CAGR) of 13.04% from 2024 to 2032. This robust growth can be attributed to increasing consumer awareness regarding sustainable fashion, coupled with the rising popularity of affordable fashion alternatives.

Key drivers of this market include the growing emphasis on sustainability and environmental conservation, which has encouraged consumers to opt for pre-owned clothing. Additionally, the expansion of online platforms and mobile apps dedicated to Second-hand apparel has significantly boosted market growth. Trends such as the rising influence of social media, where influencers and celebrities promote thrift shopping, and the increasing acceptance of circular fashion among consumers are further propelling the market.

Geographically, major urban centers such as Delhi, Mumbai, and Bangalore dominate the market due to higher consumer awareness and disposable incomes. However, tier-II and tier-III cities are also witnessing substantial growth, driven by increasing internet penetration and changing consumer preferences. Key players in the India Second-hand apparel market include Poshmark, ThredUp, and local platforms like Elanic and CoutLoot, which are expanding their reach and enhancing user experiences to capture a larger market share. These companies are continuously innovating and leveraging technology to streamline the buying and selling process, thereby contributing to the market’s growth.

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Market Drivers

Rising Consumer Awareness and Preference for Sustainable Fashion

The growing awareness among Indian consumers about the environmental impact of fast fashion is a primary driver of the Second-hand apparel market. For instance, a survey conducted in 2023 revealed that over 20,000 consumers in India have started to consider the environmental impact of their purchases. Fast fashion’s significant carbon footprint and resource-intensive nature have led to increased scrutiny and demand for more sustainable alternatives. Second-hand apparel offers a viable solution by promoting the reuse of clothing, thereby reducing waste and conserving resources. Indian consumers, especially the younger demographic, are becoming more conscious of their purchasing decisions’ environmental implications. This shift in consumer behavior is driven by widespread information on social media platforms, educational campaigns, and the influence of eco-conscious celebrities and influencers. As consumers seek to align their lifestyles with sustainable practices, the demand for pre-owned clothing is rising, bolstering the Second-hand apparel market. Additionally, the concept of circular fashion, which emphasizes the lifecycle extension of garments through reuse, recycling, and upcycling, is gaining traction. Circular fashion initiatives and brands that advocate for these practices are actively promoting the benefits of Second-hand apparel, further driving market growth. This heightened awareness and preference for sustainability are expected to continue shaping consumer trends and propelling the Second-hand apparel market forward.

Economic Benefits and Affordability

The economic advantages of purchasing Second-hand apparel are significant drivers for the market’s growth. Second-hand clothing offers consumers high-quality garments at a fraction of the price of new items, making it an attractive option for budget-conscious shoppers. In a country like India, where price sensitivity is a critical factor in consumer decision-making, the affordability of Second-hand apparel holds substantial appeal. For instance, a study found that consumers can save an average of 50 dollars per month by buying Second-hand clothes in India. The economic downturns and financial uncertainties exacerbated by the COVID-19 pandemic have further underscored the importance of cost-effective alternatives. Many consumers, facing reduced disposable incomes, have turned to Second-hand clothing to maintain their fashion preferences without straining their budgets. This trend is particularly evident among students, young professionals, and low-to-middle-income households, who are increasingly embracing thrift shopping as a practical and economical choice. Moreover, the Second-hand market’s affordability extends beyond individual consumers to small businesses and entrepreneurs. Sellers and resellers of Second-hand apparel often find it a lucrative venture, capitalizing on the growing demand and generating income through the sale of pre-owned clothing. This economic dynamic creates a robust ecosystem that supports both buyers and sellers, driving the market’s expansion.

Technological Advancements and the Proliferation of Online Platforms

Technological advancements and the rise of digital platforms have revolutionized the Second-hand apparel market in India. The proliferation of online marketplaces, mobile applications, and social media platforms dedicated to buying and selling pre-owned clothing has significantly enhanced accessibility and convenience for consumers. Platforms such as Poshmark, ThredUp, and local players like Elanic and CoutLoot have streamlined the process of browsing, purchasing, and selling Second-hand apparel. For instance, in 2023, there were over 10 million active users on Second-hand fashion platforms in India. These platforms offer user-friendly interfaces, secure payment options, and extensive collections, making it easier for consumers to find and purchase desired items. The integration of features such as virtual try-ons, detailed product descriptions, and customer reviews further enhances the online shopping experience, driving consumer engagement and satisfaction. Social media platforms like Instagram and Facebook have also played a pivotal role in promoting the Second-hand apparel market. Influencers and fashion enthusiasts frequently share their thrift finds, styling tips, and sustainable fashion journeys, inspiring their followers to explore Second-hand options. These platforms facilitate peer-to-peer transactions, enabling individuals to buy and sell pre-owned clothing within their networks, thus fostering a sense of community and trust. The convenience and accessibility provided by digital platforms have expanded the reach of Second-hand apparel beyond traditional brick-and-mortar thrift stores. Consumers from various regions, including tier-II and tier-III cities, can now participate in the Second-hand market, contributing to its widespread growth.

Changing Fashion Trends and Consumer Mindset

The evolving fashion trends and shifting consumer mindset towards uniqueness and individuality are significant drivers of the Second-hand apparel market. Traditional fashion cycles are being disrupted as consumers increasingly seek distinctive and personalized styles that reflect their individuality. Second-hand apparel offers a diverse and eclectic range of clothing options that cater to this desire for unique fashion statements. Vintage and retro fashion trends, which are inherently linked to Second-hand clothing, have gained popularity among Indian consumers. The allure of owning one-of-a-kind pieces that are not readily available in mainstream retail stores is compelling for fashion-forward individuals. Second-hand apparel allows consumers to experiment with different styles, eras, and trends without the limitations of contemporary fashion collections. Furthermore, the stigma associated with wearing pre-owned clothing is diminishing as societal attitudes towards Second-hand fashion evolve. The concept of “thrifting” is being redefined as a fashionable and socially responsible choice rather than a necessity driven by financial constraints. This changing perception is particularly prevalent among the younger generation, who view Second-hand shopping as a conscious and stylish decision. The influence of global fashion movements that prioritize sustainability and ethical consumption is also shaping consumer preferences in India. As Indian consumers become more attuned to international fashion trends and practices, they are increasingly adopting Second-hand apparel as part of their fashion repertoire. This shift in mindset, coupled with the desire for unique and personalized fashion choices, is driving the growth of the Second-hand apparel market.

Market Trends

Integration of Technology and Digital Platforms

The integration of technology and the proliferation of digital platforms are pivotal trends shaping the India Second-hand apparel market. Online marketplaces and mobile applications dedicated to Second-hand clothing have revolutionized the shopping experience, making it more accessible, convenient, and appealing to a broader audience. Leading platforms such as Poshmark, ThredUp, Elanic, and CoutLoot have transformed how consumers buy and sell pre-owned clothing. For instance, in 2023, there were over 10 million active users on Second-hand fashion platforms in India. These platforms offer extensive collections, user-friendly interfaces, secure payment gateways, and features like virtual try-ons and detailed product descriptions, enhancing the overall customer experience. Social media platforms, especially Instagram and Facebook, have also significantly influenced this market. Influencers and fashion enthusiasts regularly showcase their thrift finds, promote sustainable fashion choices, and provide styling tips, thereby fostering a community of like-minded individuals who prioritize Second-hand apparel. The use of hashtags, live sales, and interactive content on these platforms has made thrift shopping a trendy and engaging activity. This digital shift has expanded the reach of Second-hand apparel beyond urban centers, allowing consumers from tier-II and tier-III cities to participate actively in the market.

Growing Popularity of Sustainable and Ethical Fashion

Sustainable and ethical fashion is a rising trend driving the Second-hand apparel market in India. Consumers are increasingly aware of the environmental impact of fast fashion and are opting for more sustainable alternatives. This shift is particularly pronounced among the younger generation, who are more informed about the benefits of reducing waste and conserving resources through purchasing pre-owned clothing. For instance, a survey conducted in 2023 revealed that over 20,000 consumers in India have started to consider the environmental impact of their purchases. The trend towards sustainability is further reinforced by the growing acceptance of circular fashion, which emphasizes extending the lifecycle of garments through reuse, recycling, and upcycling. Initiatives promoting circular fashion are gaining traction, encouraging consumers to view Second-hand apparel as a responsible and fashionable choice. Additionally, vintage and retro fashion trends, which are closely associated with Second-hand clothing, have become increasingly popular. The allure of owning unique, one-of-a-kind pieces that are not easily found in mainstream retail stores appeals to fashion-forward individuals seeking distinctive styles. Collaborations between Second-hand apparel platforms and mainstream fashion brands are also emerging as a trend. These collaborations aim to promote sustainable fashion practices and make Second-hand clothing more mainstream. By offering curated collections of pre-owned clothing through established retail channels, these partnerships are helping to normalize and elevate the status of Second-hand apparel in the fashion industry.

Market Restraints and Challenges

Cultural Perceptions and Social Stigma

One of the significant challenges faced by the India Second-hand apparel market is the cultural perception and social stigma associated with wearing pre-owned clothing. Traditionally, Indian society has often viewed Second-hand items as inferior or indicative of financial hardship. This mindset is deeply ingrained in certain segments of the population, particularly among older generations who may equate new clothing with higher social status and prestige. The reluctance to purchase Second-hand apparel is further compounded by concerns about hygiene and the quality of pre-owned clothing. Many consumers harbor reservations about the cleanliness and condition of Second-hand garments, fearing potential health risks or dissatisfaction with the product’s longevity. These perceptions present a substantial barrier to the widespread acceptance and growth of the Second-hand apparel market in India. While younger, more eco-conscious consumers are beginning to challenge these traditional views, changing deeply rooted cultural attitudes remains a gradual process. To overcome these challenges, market players must invest in robust educational campaigns that emphasize the benefits of sustainable fashion, the environmental impact of Second-hand clothing, and the rigorous quality checks and hygiene protocols followed by reputable sellers.

Fragmented Market Structure and Lack of Regulation

The India Second-hand apparel market is highly fragmented, characterized by a multitude of small-scale vendors, informal thrift shops, and emerging online platforms. This fragmented structure poses challenges in terms of standardization, quality control, and consumer trust. Without a unified regulatory framework, maintaining consistent quality and ensuring fair practices across the market becomes difficult. The lack of regulation also hampers the market’s ability to attract a broader customer base. Consumers often find it challenging to differentiate between trustworthy sellers and those offering substandard products. This uncertainty can lead to a lack of confidence in the Second-hand apparel market, deterring potential buyers who may prefer the reliability of purchasing new clothing from established retail brands. To address these issues, the market needs to move towards greater organization and regulation. Establishing industry standards, certification processes, and regulatory oversight can enhance transparency and build consumer trust. Encouraging collaboration between Second-hand apparel platforms and government bodies to create a regulatory framework can also help streamline operations, ensure quality, and protect consumer interests.

Market Segmentation Analysis

By Product

The India Second-hand apparel market is diverse, encompassing a wide range of clothing categories. The dresses and tops segment, featuring casual and formal dresses along with various top styles, remains significant due to the high demand for fashionable and affordable options among women. Shirts and T-shirts for both men and women are staples in this market, valued for their durability and timeless appeal. Sweaters, coats, and jackets are particularly sought after during colder seasons, with branded and high-quality outerwear fetching high resale value. The jeans and pants segment includes various styles for men, women, and children, with jeans being especially popular for their durability and versatility. Additionally, the market includes accessories, footwear, and miscellaneous apparel items, all contributing to the overall market presence.

By Sector

The resale sector, comprising platforms and stores dedicated to selling Second-hand apparel, has experienced substantial growth driven by the rise of online resale platforms and increasing consumer acceptance. Traditional thrift stores and donation-based shops also play a crucial role in the market, operating through donations and providing a wide range of affordable clothing options to consumers.

Segments

Based on Product

Dresses and Tops
Shirts and T-shirts
Sweaters, Coats, and Jackets
Jeans and Pants
Others

Based on Sector

Resale
Traditional Thrift Stores & Donations

Based on Target Population

Men
Women
Kids

Based on Sales Channel

Wholesalers or Distributors
Hypermarkets or Supermarkets
Multi-brand Stores
Independent Small Stores
Departmental Stores
Online Retailers
Other Sales Channels

Based on Region

Delhi
Mumbai
Bangalore

Regional Analysis

North India (30%):

North India, comprising states such as Delhi, Haryana, Punjab, and Uttar Pradesh, holds a significant share in the India Second-hand apparel market. This region accounts for approximately 30% of the market share. The high population density, coupled with strong urbanization and a growing middle-class population, drives the demand for affordable and sustainable fashion options. Delhi, being a major metropolitan area, serves as a hub for both physical thrift stores and online resale platforms, significantly contributing to the market’s growth. The region’s residents are increasingly aware of sustainable fashion, further boosting the popularity of Second-hand apparel.

West India (25%):

West India, including Maharashtra, Gujarat, and Rajasthan, represents around 25% of the market share. Maharashtra, with Mumbai as a key city, plays a crucial role in the Second-hand apparel market due to its diverse population and cosmopolitan culture. Mumbai’s vibrant fashion scene and the presence of numerous thrift shops and flea markets attract a wide range of consumers looking for unique and affordable clothing. Gujarat and Rajasthan are also seeing a rise in Second-hand apparel consumption, driven by the increasing penetration of online platforms and changing consumer attitudes towards pre-owned clothing.

South India (20%):

South India, encompassing states such as Karnataka, Tamil Nadu, Andhra Pradesh, and Kerala, holds approximately 20% of the market share. Bangalore, the capital of Karnataka, is a significant contributor due to its young, tech-savvy population and strong emphasis on sustainable living. The region’s robust IT sector and the presence of numerous startups have facilitated the growth of online resale platforms, making Second-hand apparel more accessible to consumers. Additionally, cities like Chennai and Hyderabad are witnessing a growing acceptance of Second-hand clothing, supported by a mix of traditional thrift stores and emerging online marketplaces.

Key players

ThredUp Inc.
The RealReal
Poshmark
Reebonz
Vinted
Micolet
ma
Thrift+
Chikatex
HunTex Recycling Kft

Competitive Analysis

The India Second-hand apparel market is highly competitive, featuring both international and local players. ThredUp Inc., The RealReal, and Poshmark lead the market with their extensive online platforms, offering a wide range of pre-owned clothing and accessories. Their sophisticated e-commerce operations and strong brand recognition position them as major players in the market. European companies like Vinted, Micolet, and Percentil.ma have expanded their reach into the Indian market, leveraging their expertise in Second-hand fashion to attract eco-conscious consumers. Thrift+ and Chikatex focus on providing quality Second-hand apparel with an emphasis on sustainability and affordability, appealing to a broad consumer base. HunTex Recycling Kft stands out for its innovative recycling practices, adding a unique dimension to the market by promoting circular fashion. These key players collectively drive market growth through their diverse product offerings, technological advancements, and commitment to sustainability, making the India Second-hand apparel market dynamic and competitive.

Recent Developments

In January 2024, the United Kingdom-based fashion brand HERA introduced an integrated platform specifically for Second-hand clothing resale. This initiative aims to promote the quality and longevity of HERA’s products, supporting the brand’s commitment to circular fashion. By offering a dedicated resale platform, HERA distinguishes itself from competitors who rely on pre-existing reselling sites, emphasizing its dedication to sustainability and extending the lifecycle of its garments.

In December 2023, Zara expanded its ‘Pre-Owned’ service across several European countries, including the United Kingdom, France, Finland, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Croatia, Slovakia, Slovenia, Germany, Austria, Belgium, and Spain. This service allows customers to sell, repair, or donate Second-hand clothing, aligning with the growing market for used apparel. Zara’s initiative highlights its commitment to sustainability and meeting consumer demand for more responsible fashion practices.

In October 2023, Swedish apparel retailer H&M announced the launch of its “Pre-Loved” collection at its flagship London store. This new collection features Second-hand women’s clothing, reflecting H&M’s ongoing efforts to enhance its sustainability practices. By introducing “Pre-Loved,” H&M joins other fast-fashion brands in promoting the reuse of clothing, aiming to reduce environmental impact and appeal to eco-conscious consumers.

In July 2023, Journeys, a leading teen retail brand under Genesco, partnered with thredUP to launch ‘Journeys Second-hand,’ an eco-friendly resale program. This initiative allows customers to shop for Second-hand apparel and resell gently-worn items in exchange for Journeys shopping credit. The program underscores Journeys’ commitment to sustainability and provides a practical solution for customers to participate in circular fashion practices.

Market Concentration and Characteristics

The India Second-hand apparel market is characterized by a fragmented yet rapidly evolving landscape, with a mix of small-scale vendors, local thrift shops, and increasingly influential online platforms. Market concentration remains low, as numerous players operate independently, catering to diverse consumer preferences across various regions. This fragmented structure fosters a competitive environment, driving innovation and diversity in product offerings. Despite the low concentration, prominent platforms like Poshmark, ThredUp, and local entities such as Elanic and CoutLoot are gaining traction, leveraging technology and digitalization to enhance market accessibility and consumer engagement. The market’s dynamic nature reflects a growing acceptance of sustainable fashion and economic alternatives among Indian consumers.

Report Coverage

The research report offers an in-depth analysis based on Product, Sector, Target Population, Sales Channel and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

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Future Outlook

The India Second-hand apparel market is projected to continue its rapid growth, driven by increasing consumer awareness about sustainability and economic benefits.

Innovations in technology will enhance the user experience on digital platforms, making the process of buying and selling Second-hand apparel more seamless and appealing.

The market will witness a broader consumer base, including not just environmentally conscious youth but also budget-conscious families across urban and rural areas.

The adoption of circular fashion practices will gain momentum, encouraging more brands and consumers to participate in the Second-hand apparel market.

Online platforms will dominate the market, with significant investments in mobile apps and e-commerce solutions driving accessibility and convenience.

Collaborations between established fashion brands and Second-hand platforms will increase, promoting sustainability and expanding market reach.

The introduction of regulatory frameworks will standardize practices, enhance consumer trust, and ensure the quality and safety of Second-hand clothing.

Traditional thrift stores will expand their presence, particularly in tier-II and tier-III cities, offering affordable fashion options to a wider audience.

Sustainable fashion initiatives by both government and private sectors will support the growth of the Second-hand apparel market through campaigns and incentives.

Ongoing efforts to educate consumers about the benefits of Second-hand apparel will reduce social stigma and shift perceptions, fostering greater acceptance and demand.

CHAPTER NO. 1 : INTRODUCTION 14

1.1.1. Report Description 14

Purpose of the Report 14

USP & Key Offerings 14

1.1.2. Key Benefits for Stakeholders 14

1.1.3. Target Audience 15

1.1.4. Report Scope 15

CHAPTER NO. 2 : EXECUTIVE SUMMARY 16

2.1. India Second-Hand Apparel Market Snapshot 16

2.1.1. India Second-Hand Apparel Market, 2018 – 2032 (Units) (USD Million) 18

2.2. Insights from Primary Respondents 19

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 20

3.1. Russia-Ukraine and Israel-Palestine War Impacts 20

CHAPTER NO. 4 : INDIA SECOND-HAND APPAREL MARKET – INDUSTRY ANALYSIS 21

4.1. Introduction 21

4.2. Market Drivers 22

4.2.1. Driving Factor 1 Analysis 22

4.2.2. Driving Factor 2 Analysis 23

4.3. Market Restraints 24

4.3.1. Restraining Factor Analysis 24

4.4. Market Opportunities 25

4.4.1. Market Opportunity Analysis 25

4.5. Porter’s Five Forces Analysis 26

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 27

5.1. Company Market Share Analysis – 2023 27

5.1.1. India Second-Hand Apparel Market: Company Market Share, by Volume, 2023 27

5.1.2. India Second-Hand Apparel Market: Company Market Share, by Revenue, 2023 28

5.1.3. India Second-Hand Apparel Market: Top 6 Company Market Share, by Revenue, 2023 28

5.1.4. India Second-Hand Apparel Market: Top 3 Company Market Share, by Revenue, 2023 29

5.2. India Second-Hand Apparel Market Company Volume Market Share, 2023 30

5.3. India Second-Hand Apparel Market Company Revenue Market Share, 2023 31

5.4. Company Assessment Metrics, 2023 32

5.4.1. Stars 32

5.4.2. Emerging Leaders 32

5.4.3. Pervasive Players 32

5.4.4. Participants 32

5.5. Start-ups /SMEs Assessment Metrics, 2023 32

5.5.1. Progressive Companies 32

5.5.2. Responsive Companies 32

5.5.3. Dynamic Companies 32

5.5.4. Starting Blocks 32

5.6. Strategic Developments 33

5.6.1. Acquisitions & Mergers 33

New Product Launch 33

Regional Expansion 33

5.7. Key Players Product Matrix 34

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 35

6.1. PESTEL 35

6.1.1. Political Factors 35

6.1.2. Economic Factors 35

6.1.3. Social Factors 35

6.1.4. Technological Factors 35

6.1.5. Environmental Factors 35

6.1.6. Legal Factors 35

6.2. Adjacent Market Analysis 35

CHAPTER NO. 7 : INDIA SECOND-HAND APPAREL MARKET – BY PRODUCT TYPE SEGMENT ANALYSIS 36

7.1. India Second-Hand Apparel Market Overview, by Product Type Segment 36

7.1.1. India Second-Hand Apparel Market Volume Share, By Product Type, 2023 & 2032 37

7.1.2. India Second-Hand Apparel Market Revenue Share, By Product Type, 2023 & 2032 37

7.1.3. India Second-Hand Apparel Market Attractiveness Analysis, By Product Type 38

7.1.4. Incremental Revenue Growth Opportunity, by Product Type, 2024 – 2032 38

7.1.5. India Second-Hand Apparel Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 39

7.2. Dresses and Tops 40

7.3. Shirts and T-shirts 41

7.4. Sweaters, Coats and Jackets 42

7.5. Jeans and Pants 43

7.6. Others 44

CHAPTER NO. 8 : INDIA SECOND-HAND APPAREL MARKET – BY SECTOR SEGMENT ANALYSIS 45

8.1. India Second-Hand Apparel Market Overview, by Sector Segment 45

8.1.1. India Second-Hand Apparel Market Volume Share, By Sector, 2023 & 2032 46

8.1.2. India Second-Hand Apparel Market Revenue Share, By Sector, 2023 & 2032 46

8.1.3. India Second-Hand Apparel Market Attractiveness Analysis, By Sector 47

8.1.4. Incremental Revenue Growth Opportunity, by Sector, 2024 – 2032 47

8.1.5. India Second-Hand Apparel Market Revenue, By Sector, 2018, 2023, 2027 & 2032 48

8.2. Resale 49

8.3. Traditional Thrift Stores & Donations 50

CHAPTER NO. 9 : INDIA SECOND-HAND APPAREL MARKET – BY TARGET POPULATION SEGMENT ANALYSIS 51

9.1. India Second-Hand Apparel Market Overview, by Target Population Segment 51

9.1.1. India Second-Hand Apparel Market Volume Share, By Target Population, 2023 & 2032 52

9.1.2. India Second-Hand Apparel Market Revenue Share, By Target Population, 2023 & 2032 52

9.1.3. India Second-Hand Apparel Market Attractiveness Analysis, By Target Population 53

9.1.4. Incremental Revenue Growth Opportunity, by Target Population, 2024 – 2032 53

9.1.5. India Second-Hand Apparel Market Revenue, By Target Population, 2018, 2023, 2027 & 2032 54

9.2. Men 55

9.3. Women 56

9.4. Kids 57

CHAPTER NO. 10 : INDIA SECOND-HAND APPAREL MARKET – BY SALES CHANNEL SEGMENT ANALYSIS 58

10.1. India Second-Hand Apparel Market Overview, by Sales Channel Segment 58

10.1.1. India Second-Hand Apparel Market Volume Share, By Sales Channel, 2023 & 2032 59

10.1.2. India Second-Hand Apparel Market Revenue Share, By Sales Channel, 2023 & 2032 59

10.1.3. India Second-Hand Apparel Market Attractiveness Analysis, By Sales Channel 60

10.1.4. Incremental Revenue Growth Opportunity, by Sales Channel, 2024 – 2032 60

10.1.5. India Second-Hand Apparel Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 61

10.2. Wholesalers or Distributors 62

10.3. Hypermarkets or Supermarkets 63

10.4. Multi-brand Stores 64

10.5. Independent Small Stores 65

10.6. Departmental Stores 66

10.7. Online Retailers 67

10.8. Other Sales Channel 68

CHAPTER NO. 11 : COMPANY PROFILES 69

11.1. Thredup Inc. 69

11.1.1. Company Overview 69

11.1.2. Product Portfolio 69

11.1.3. Swot Analysis 69

11.1.4. Business Strategy 69

11.1.5. Financial Overview 70

11.2. The RealReal 71

11.3. Poshmark 71

11.4. Reebonz 71

11.5. Vinted 71

11.6. Micolet 71

11.7. Percentil.ma 71

11.8. Thrift+ 71

11.9. Chikatex 71

11.10. HunTex Recycling Kft 71

CHAPTER NO. 12 : RESEARCH METHODOLOGY 72

12.1. Research Methodology 72

12.1.1. Phase I – Secondary Research 73

12.1.2. Phase II – Data Modeling 73

Company Share Analysis Model 74

Revenue Based Modeling 74

12.1.3. Phase III – Primary Research 75

12.1.4. Research Limitations 76

Assumptions 76

List of Figures

FIG NO. 1. India Second-Hand Apparel Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 18

FIG NO. 2. Porter’s Five Forces Analysis for India Second-Hand Apparel Market 26

FIG NO. 3. Company Share Analysis, 2023 27

FIG NO. 4. Company Share Analysis, 2023 28

FIG NO. 5. Company Share Analysis, 2023 28

FIG NO. 6. Company Share Analysis, 2023 29

FIG NO. 7. India Second-Hand Apparel Market – Company Volume Market Share, 2023 30

FIG NO. 8. India Second-Hand Apparel Market – Company Revenue Market Share, 2023 31

FIG NO. 9. India Second-Hand Apparel Market Volume Share, By Product Type, 2023 & 2032 37

FIG NO. 10. India Second-Hand Apparel Market Revenue Share, By Product Type, 2023 & 2032 37

FIG NO. 11. Market Attractiveness Analysis, By Product Type 38

FIG NO. 12. Incremental Revenue Growth Opportunity by Product Type, 2024 – 2032 38

FIG NO. 13. India Second-Hand Apparel Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 39

FIG NO. 14. India Second-Hand Apparel Market for Dresses and Tops, Volume & Revenue (Units) (USD Million) 2018 – 2032 40

FIG NO. 15. India Second-Hand Apparel Market for Shirts and T-shirts, Volume & Revenue (Units) (USD Million) 2018 – 2032 41

FIG NO. 16. India Second-Hand Apparel Market for Sweaters, Coats and Jackets, Volume & Revenue (Units) (USD Million) 2018 – 2032 42

FIG NO. 17. India Second-Hand Apparel Market for Jeans and Pants, Volume & Revenue (Units) (USD Million) 2018 – 2032 43

FIG NO. 18. India Second-Hand Apparel Market for Others, Volume & Revenue (Units) (USD Million) 2018 – 2032 44

FIG NO. 19. India Second-Hand Apparel Market Volume Share, By Sector, 2023 & 2032 46

FIG NO. 20. India Second-Hand Apparel Market Revenue Share, By Sector, 2023 & 2032 46

FIG NO. 21. Market Attractiveness Analysis, By Sector 47

FIG NO. 22. Incremental Revenue Growth Opportunity by Sector, 2024 – 2032 47

FIG NO. 23. India Second-Hand Apparel Market Revenue, By Sector, 2018, 2023, 2027 & 2032 48

FIG NO. 24. India Second-Hand Apparel Market for Resale, Volume & Revenue (Units) (USD Million) 2018 – 2032 49

FIG NO. 25. India Second-Hand Apparel Market for Traditional Thrift Stores & Donations, Volume & Revenue (Units) (USD Million) 2018 – 2032 50

FIG NO. 26. India Second-Hand Apparel Market Volume Share, By Target Population, 2023 & 2032 52

FIG NO. 27. India Second-Hand Apparel Market Revenue Share, By Target Population, 2023 & 2032 52

FIG NO. 28. Market Attractiveness Analysis, By Target Population 53

FIG NO. 29. Incremental Revenue Growth Opportunity by Target Population, 2024 – 2032 53

FIG NO. 30. India Second-Hand Apparel Market Revenue, By Target Population, 2018, 2023, 2027 & 2032 54

FIG NO. 31. India Second-Hand Apparel Market for Men, Volume & Revenue (Units) (USD Million) 2018 – 2032 55

FIG NO. 32. India Second-Hand Apparel Market for Women, Volume & Revenue (Units) (USD Million) 2018 – 2032 56

FIG NO. 33. India Second-Hand Apparel Market for Kids, Volume & Revenue (Units) (USD Million) 2018 – 2032 57

FIG NO. 34. India Second-Hand Apparel Market Volume Share, By Sales Channel, 2023 & 2032 59

FIG NO. 35. India Second-Hand Apparel Market Revenue Share, By Sales Channel, 2023 & 2032 59

FIG NO. 36. Market Attractiveness Analysis, By Sales Channel 60

FIG NO. 37. Incremental Revenue Growth Opportunity by Sales Channel, 2024 – 2032 60

FIG NO. 38. India Second-Hand Apparel Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 61

FIG NO. 39. India Second-Hand Apparel Market for Wholesalers or Distributors, Volume & Revenue (Units) (USD Million) 2018 – 2032 62

FIG NO. 40. India Second-Hand Apparel Market for Hypermarkets or Supermarkets, Volume & Revenue (Units) (USD Million) 2018 – 2032 63

FIG NO. 41. India Second-Hand Apparel Market for Multi-brand Stores, Volume & Revenue (Units) (USD Million) 2018 – 2032 64

FIG NO. 42. India Second-Hand Apparel Market for Independent Small Stores, Volume & Revenue (Units) (USD Million) 2018 – 2032 65

FIG NO. 43. India Second-Hand Apparel Market for Departmental Stores, Volume & Revenue (Units) (USD Million) 2018 – 2032 66

FIG NO. 44. India Second-Hand Apparel Market for Online Retailers, Volume & Revenue (Units) (USD Million) 2018 – 2032 67

FIG NO. 45. India Second-Hand Apparel Market for Other Sales Channel, Volume & Revenue (Units) (USD Million) 2018 – 2032 68

FIG NO. 46. Research Methodology – Detailed View 72

FIG NO. 47. Research Methodology 73

List of Tables

TABLE NO. 1. : India Second-Hand Apparel Market: Snapshot 16

TABLE NO. 2. : Drivers for the India Second-Hand Apparel Market: Impact Analysis 22

TABLE NO. 3. : Restraints for the India Second-Hand Apparel Market: Impact Analysis 24

Frequently Asked Questions:

What is the projected growth of the India Second-hand apparel market?

The India Second-hand apparel market is projected to grow from USD 3,003.65 million in 2023 to USD 9,111.35 million by 2032, with a CAGR of 13.04% from 2024 to 2032.

What are the key drivers of the Second-hand apparel market in India?

Key drivers include rising consumer awareness of sustainable fashion, the economic benefits of affordable clothing, and the expansion of online resale platforms and mobile apps.

How do online platforms impact the Second-hand apparel market?

Online platforms have revolutionized the market by enhancing accessibility and convenience, offering user-friendly interfaces, secure payment options, and extensive product collections, thus driving market growth.

Which regions in India dominate the Second-hand apparel market?

Major urban centers like Delhi, Mumbai, and Bangalore dominate the market due to higher consumer awareness and disposable incomes, while tier-II and tier-III cities are also experiencing substantial growth.

Who are the key players in the India Second-hand apparel market?

Key players include Poshmark, ThredUp, Elanic, and CoutLoot, among others, who are expanding their reach and enhancing user experiences through continuous innovation and technological advancements.

About Author

Rajdeep Kumar Deb

Lead Analyst – Consumer & Finance

Rajdeep brings a decade of consumer goods and financial services insight to strategic market analysis.

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Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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