$30.8bn
$X.Xbn
390k
117k
$X.Xbn
Historically, used goods stores perform countercyclically to the overall economy. Revenue continued to climb in recent years as income levels and consumer confidence surged following the pandemic. Revenue also swelled because of changing consumer and fashion trends, leading to an influx of demand from young consumers. Numerous social media outlets and TV shows dedicated to altering or selling used merchandise have become popular in recent years, driving consumer demand for used goods stores' products. However, these stores experienced substantial challenges amid COVID-19, pushing down revenue in 2020. Used goods store revenue is expected to climb at a CAGR of 4.4% to $30.8 billion through the end of 2024, including a 2.7% jump in 2024 alone.
Industry revenue has grown at a CAGR of 4.4 % over the past five years, to reach an estimated $30.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Savers, Inc. | 941.8 | 60.5 | 6.4 |
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Industry revenue is measured across several distinct product and services lines, including Clothing, footwear and accessories , Furniture, appliances and home furnishings and Entertainment, recreation and culture products. Clothing, footwear and accessories is the largest segment of the Used Goods Stores in the US.
Clothing, footwear and accessories are the largest product segment
Used goods stores collect or purchase used merchandise and sell these goods directly to consumers. Used good stores include thrift stores and pawnshops, but excludes stores that sell secondhand motor vehicles and parts like automobiles, recreational vehicles, motorcycles, boats and tires.
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NAICS 45331 - Used Goods Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Used goods stores move countercyclically to the economy, with performance faltering as the economy strengthens. Despite rising incomes and levels of consumer spending, revenu...
Learn about an industry's products and services, markets and trends in international trade.
The largest product segment consists of clothing, shoes and accessories. This category includes designer, vintage and everyday apparel. Consumers with tighter budgets purchas...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic spread of used goods stores closely mirrors the population. For example, the Southeast region accounts for about 30.0% of used goods store establishments and a...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Used goods stores endure internal and external competition. Internally, they compete based on price, quality, product range and store locations. Externally, they compete with...
Learn about the performance of the top companies in the industry.
Fragmentation keeps any one company from controlling the market. Most used goods stores are owner-operated retailers in localized markets.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Used goods stores operate with a low level of government assistance. While the industry doesn’t gain from specific tariffs, several associations represent their interests.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The cost structure varies among stores. Costs are influenced by the breadth of the product offering and each organization's strategic goals. Purchase and wage costs are the l...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Used Goods Stores in the US industry in United States is $30.8bn in 2024.
There are 117k businesses in the Used Goods Stores in the US industry in United States, which has grown at a CAGR of 8.4 % between 2019 and 2024.
The market size of the Used Goods Stores in the US industry in United States has been growing at a CAGR of 4.4 % between 2019 and 2024.
Over the next five years, the Used Goods Stores in the US industry in United States is expected to grow.
The biggest company operating in the Used Goods Stores market in United States is Savers, Inc.
Selling used clothing, footwear and accessories and Selling used furniture, appliances and home furnishings are part of the Used Goods Stores in the US industry.
The company holding the most market share in United States is Savers, Inc..
The level of competition is high and increasing in the Used Goods Stores in the US industry in United States.