ThredUp Predicts $40 Billion Online Resale Market by 2029

“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…