A GlobalData report states that the traditional clothing sector expanded by 0.1% in 2024, while the global resale garment market surged by 17.6% to reach US$204.7 billion. With a compound annual growth rate (CAGR) of 11.4% anticipated through 2028, the market is expected to grow by an additional 13.3% in 2025.
According to Alice Price, an apparel analyst at GlobalData, consumers are turning to resale for affordable fashion amid economic uncertainty, particularly in North America and Europe.
This growth is also driven by increasing environmental awareness, as consumers are becoming more mindful of fashion waste ending up in landfills. Additionally, ongoing investments from online platforms such as Vinted, Depop, and eBay are helping to enhance and expand their offerings.
The Asia-Pacific and Middle East & Africa regions are projected to experience the fastest growth, with CAGRs of 14.1% and 11.6%, respectively. According to the report, luxury resale is thriving in these areas as demand for designer items continues to rise.
With a 13.8% CAGR, footwear is set to dominate the industry, driven by demand for rare and collectable trainers. By 2028, clothing’s market share will have declined to 76.9%, despite remaining the largest segment and growing at the slowest rate of 11%.
As the resale fashion market continues its rapid expansion—fuelled by affordability, sustainability, and growing investment in online platforms—it is poised to reshape the global apparel industry. With shifting consumer preferences and strong growth in emerging regions, resale is no longer just a niche but a powerful force redefining the future of fashion retail.
