InsightsRetail

Online Resale Platforms to Overtake Offline Resale by 2030, Report

A recent Statista report, released December 19th, 2024 reveals a transformative shift in the United States resale market dynamics.

Published: Dec 25, 2024 11:10 AM

By Jeanel Alvarado

InsightsRetail

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Online Resale Platforms to Overtake Offline Resale by 2030, Report

Credit: The RealReal X Gucci Campaign

A recent Statista report, released December 19th, 2024 reveals a transformative shift in the United States resale market dynamics. It highlights that by 2030, online resale platforms are expected to surpass traditional offline channels significantly. In 2020, the U.S. online resale market was valued at $56.1 billion and is projected to soar to $195.7 billion in 2030. Leading platforms like ThredUp, Poshmark, The RealReal, eBay, and Depop drive this growth, each offering unique consumer experiences from fast fashion to luxury consignment.

RB Insights In 2020, the online resale market in the United States was valued at an impressive 56.1 billion U.S. dollars. Fast forward to 2030, and this market is projected to reach a staggering 195.7 billion U.S. dollars.

Growing preference for online platforms can be attributed to ease of access, diverse product availability, and digital marketplaces.

Major Players in the US Resale Market ThredUp: ThredUp’s innovative Clean Out Kits have empowered countless consumers to declutter responsibly while making it easier for them to participate in the circular fashion economy.

Reported a 22% year-over-year increase in active buyers, with 2024 witnessing a significant boost in their international operations. Poshmark: Poshmark’s successful holiday promotions in December 2024 led to record-breaking user engagement and sales, propelled by their user-friendly app and engaging social shopping experience…

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Online Resale Platforms to Overtake Offline Resale by 2030, Report

A recent Statista report, released December 19th, 2024 reveals a transformative shift in the United States resale market dynamics.

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