global second hand home furnishing accessories market by reaching USD 7,206.3 Million by the end of 2025

There is an increasing demand for the second hand home furnishing products that are minimally used with little to no damage. These products are usually available at a much lower price from that of a new product and are dependent on the product’s durability and overall age, hygiene constraints and type of purchasing platform such as thrift stores, consignment stores, pawn shops, online portals for second hand furnishing products etc. Further, the favorable government policies of certain countries are expected to impact the adoption rate of the second hand home furnishing products in some countries. For e.g., according to the Department of Public Health & Environment, Colorado, the Bedding Act requires approved labels according to which second hand bedding must be treated using an approved method of disinfection such as heat treatment before the sale & labeling. Such factors are believed to supplement the growth of the global second hand home furnishing accessories market by reaching USD 7,206.3 Million by the end of 2025, rising from USD 4,923.0 Million in 2017 by expanding at a CAGR of 5.0% over the forecast period 2018-2025.

The global second hand home furnishing accessories market is segmented by type into textiles, window coverings, lamps, kitchen products and others, out of which, the textiles segment occupied the dominant share of 40.5% in 2017 and is anticipated to achieve absolute $ opportunity of USD 854.7 Million during 2018-2025. Further, the window coverings segment accounted for the second highest market share in 2017 and is estimated to thrive with significant growth rate over the forecast period. This can be attributed to their higher durability and increasing consumer preference for these products due to the relatively lower hygiene constraints associated with their usage.

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Growing Popularity of Virtual Sales to Escalate the Demand for Second Hand Home Furnishing Accessories in Future

The global second hand home furnishing accessories market is thriving on the back of increasing popularity of virtual sales for pre-owned goods around the globe.
Environmental Sustainability – The second hand furnishing market reduces waste and saves resources as used products do not require new resources that need to be consumed hence reducing the pollution that is produced while manufacturing of the new products.

Cost Efficiency – The relatively lower cost of the second hand furnishing products under proper conditions allures a large number of consumers towards this market.

Aesthetics – Increasing demand for unique customized products for home decor further appeals to the consumers towards the second hand furnishing market.
Industry Players’ are Progressing towards Minimizing the Barriers faced by the Global Second Hand Home Furnishing Accessories Market

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According to Research Nester, there are certain risk factors associated with damaged or broken furniture, especially the damages that are unnoticeable from the eyes of the customer. A thorough inspection might lead to discovery of various damages that can make the product unfit for use. This uncertainty in product quality along with presence of bugs or termites might dampen the growth of the second hand home furnishing accessories market around the globe.

The report titled “Global Second Hand Home Furnishing Accessories Market Outlook – Industry Demand Analysis & Opportunity Assessment 2017–2025” delivers detailed overview of the global second hand home furnishing accessories market in terms of market segmentation by type, distribution channel and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global second hand home furnishing accessories market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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