According to a study by the Centre for Economics and Business Research commissioned by Amazon.com Inc., the second-hand goods market in the UK is expected to see significant growth in the coming years.
Market Trends of Second-Hand Goods
Britons are expected to spend £4.8 billion (around $6.4 billion) on second-hand goods online in 2025, up from £4.3 billion (approximately $4.9 billion) in 2024. About 66% of UK consumers purchased pre-owned goods online in the past year.
Growing Popularity of Selling Platforms
Vinted, the largest online marketplace, is expected to be valued at €5 billion (approximately $5.8 billion) in 2024. The CEO noted that Vinted is branching out into new categories such as phones and toys. In an interview at the Web Summit in Lisbon, he commented, 'We’re taking a ton of risks. I want to play these bets out.'
Impact on Fashion and Sustainability
Major retailers like Zara and Amazon are also entering the second-hand goods market. Zara has expanded its resale platform into markets including the US, France, and Germany, while Amazon has offered the 'Amazon Second Chance' program with deals on returns and pre-owned fashion. Retail consultant Mary Portas stated that static brands might lose cultural relevance and financial growth.
The growing interest in second-hand goods among consumers in the UK indicates changes in purchasing behavior, focusing on value and sustainability.
