Secondhand Luxury Goods Market Size, Share & Forecast 2022-27

The IMARC Group provides extensive analysis of the secondhand luxury goods industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on secondhand luxury goods market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

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The global secondhand luxury goods market reached a value of US$ 28.3 Billion in 2021. Secondhand luxury goods are the high-end and premium items that are later purchased by the second end-user. These goods majorly include jewelry, artworks, footwear, apparel, fashion accessories, etc. Secondhand luxury goods are usually durable with an extended warranty period that makes them suitable for the resale market. These goods are generally sold at charity events, auctions, bazaar-style fundraisers, privately-owned consignment shops, etc.

Secondhand Luxury Goods Market Trends:

The global secondhand luxury goods market is primarily propelled by the increasing disposable income levels that have enabled the millennial and urbanized population to opt for high-end fashion accessories at lower prices. Additionally, the emergence of secondhand luxury goods on online platforms, along with the diminishing stigma of using pre-owned luxury goods, has further augmented the market growth. Several online resale sites are forming strategic alliances with various luxury brands to market pre-owned luxury products. Furthermore, the rising demand for limited capsule collections and fashion drops has created scarcity for premium luxury items, thereby catalyzing the market for secondhand luxury goods. Apart from this, the growing investments to enhance authentication procedures and quality checks of products are further anticipated to bolster the market growth over the forecast period. Looking forward, IMARC Group expects the global secondhand luxury goods market to reach US$ 47.1 Billion by 2027, exhibiting a CAGR of 9.4% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

Fashionphile Group LLC.
Fendi
Garderobe
Inseller
Luxepolis
Luxury Closet, Inc.
So Chic Boutique
The Closet
The RealReal Inc.
Timepiece360
Vestiaire Collective
Yoogi's Closet, Inc.

Market Segmentation:

Breakup by Product Type:

Handbags
Jewelry & Watches
Clothing
Small Leather Goods
Footwear
Accessories
Other

Breakup by Demography:

Women
Men
Unisex

Breakup by Distribution Channel:

Offline
Online

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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