1. What is the projected Compound Annual Growth Rate (CAGR) of the Second-Hand Shopping APP?
The projected CAGR is approximately 13.6%.
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Second-Hand Shopping APPSecond-Hand Shopping APP by Type (B2C, C2C), by Application (Mobile Phone, Consumer Electronics, Home Appliance, Clothes, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The global second-hand shopping app market is poised for substantial growth, projected to reach $594.45 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 13.6%. This expansion is fueled by increasing consumer interest in sustainable consumption, cost-effective purchasing, and the allure of distinctive vintage finds. The proliferation of e-commerce platforms and streamlined digital payment solutions further supports this upward trajectory. The market is segmented by transaction type (B2C, C2C) and product category, encompassing mobile devices, consumer electronics, home appliances, apparel, and more.
Leading market participants include Poshmark, Depop, Vinted, ThredUp, and Vestiaire Collective, among others. While North America and Asia Pacific dominated market share in 2021, the Asia Pacific and Middle East & Africa regions are expected to experience robust expansion, driven by rising disposable incomes and expanding internet access.
The secondhand shopping app market has witnessed a meteoric rise in recent years, driven by a surge in consumer demand for sustainable, affordable, and unique items. By 2030, the market is projected to reach an astronomical $142 billion, expanding at a staggering annual growth rate of 11.7% during the forecast period (2023-2030). This burgeoning e-commerce segment is rapidly transforming the retail landscape, reshaping consumer behavior, and fostering a thriving circular economy.
Several key factors have fueled the exponential growth of the secondhand shopping app market:
Despite its rapid growth, the secondhand shopping app market faces certain challenges:
Dominating Regions:
Dominating Segments:
For a comprehensive analysis of the secondhand shopping app market, including detailed country-level data, market size projections, competitive landscape, and key industry trends, please refer to our comprehensive research report. Contact us for further information or to purchase the report.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 13.6% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 13.6%.
Key companies in the market include Poshmark, Depop, Vinted, Letgo, ThredUp, Vestiaire Collective, Fashionphile, Flyp, Lucky Sweater, Grailed, Gumtree, Goofish, Zhuanzhuan.
The market segments include Type, Application.
The market size is estimated to be USD 594.45 billion as of 2022.
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The market size is provided in terms of value, measured in billion.
Yes, the market keyword associated with the report is "Second-Hand Shopping APP," which aids in identifying and referencing the specific market segment covered.
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