ThredUp Predicts $40 Billion Online Resale Market by 2029

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.

Resale is expected to grow 11X faster than broader retail clothing The report identifies several key factors contributing to the online resale market’s impressive growth: Sustainability Concerns: The global secondhand market is expected to reach $367 billion by 2029, with a 10% CAGR, reflecting growing awareness of environmental impacts.

Value Proposition: In the next 12 months, younger generations plan to spend 46% of their apparel budget on secondhand. Convenience and Selection: 48% of consumers report that personalization and improved search make shopping secondhand as convenient as buying new items.

Shifting Consumer Attitudes: 39% of younger shoppers have made secondhand purchases through social platforms, indicating mainstream acceptance. Retail Industry Insights The rise of online resale has significant implications for the broader fashion industry…