Global Apparel Re-commerce Market Outlook
Since 2010, the global B2C e-commerce sales have been surging at a significant pace owing rapid internet penetration in major parts of the world. Over the forecast period, the e-commerce sales are expected to grow at CAGR of 17.5% with a turnover of US$ 2,671 billion. Some of the major sectors in e-commerce such as the online apparel have been playing a pivotal role in stimulating the demand and growth in global e-commerce B2C sales. With the continued growth of online apparel store, the sector has been enduring a new trend with the simultaneous growing demand for apparel re-commerce market. The marketplace for apparel re-commerce market has been evolving rapidly in recent years. Apparel re-commerce is an online platform facilitating consumers on buying and selling pre-owned apparels. Apparel re-commerce have made things easier for consumers in buying and selling no matter it is a footwear or any other accessories.
Global Apparel Re-commerce Market: Reasons for Covering this Title
Following the consumers’ desire for owning luxury apparels, apparel re-commerce provide services giving its consumers greater incentives on buying and reselling these kinds of products. Apparel re-commerce market provides its seller with services such as photographing, pricing and posting inventory information online. Other than this, apparel re-commerce market provides other critical services such as peer-to-peer marketplace place where one can compare the prices of the same kind of apparels and connect directly with the seller. Owing burgeoning response for the services provided by apparel re-commerce platform, some of the major companies operating in the market, have been making a key investment to propel its growth in terms of value sales over the forecast period. The confluence of factors such as increased seasonal inventory supply and demand, investment nature of certain luxury products, brand momentum in the retail channel and millennial penetration has been triggering the growth of apparel re-commerce market.
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Global Apparel Re-commerce: Market Segmentation
On the basis of companies, the global Apparel Re-commerce market has been segmented as –
Tier-1 Companies
Tier-2 Companies
Tier-3 Companies
On the basis of product types, the global Apparel Re-commerce market has been segmented as –
Clothing and garments
Footwear
Accessories
Handbags
Wristlet
Wallets
Sunglasses
Sneakers
Others
Others
On the basis of the end user, the global Apparel Re-commerce market has been segmented as –
Adult
Kids
Global Apparel Re-commerce Market: Key Players
Some of the key players operating in the global Apparel Re-commerce market are Vestiaire Collective, The RealReal, Tradesy, Poshmark, ThredUP, Vinted, SnobSwap, Threadflip among others.
Apparel Re-commerce Market: Key Trends
Since 2009, some of the major companies in the market has invested more than half a billion dollars in venture funding for apparel re-commerce market
Apparel Re-commerce Market: Key Developments
In 2017, Vestiaire Collective invested around US$ 162 million accounting to a total fund to US$ 130 million in five funding rounds since the company’s commencement in 2009.
In 2016, Swap.com announced an investment of US$ 20 million into its business operation. The company currently operates a Chicago warehouse which is the size of six football fields.
In 2011, The RealReal has raised a total of US$ 122 million whereas ThredUP has raised US$ 131 million since its inception in 2009.
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