India Secondhand Luxury Goods Market Size and Share 2022-27
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 India market is expected to exhibit a CAGR of 12.18% during 2022-2027. Secondhand luxury goods include high-end and premium products, such as handbags, antique furniture, jewelry, apparel and fashion accessories, that are purchased by a second or later end-user. They are commonly purchased through auctions for charity and private-owned consignment stores. These products are priced significantly lower than the original product, which makes them accessible to a large section of society.
India Secondhand Luxury Goods Market Trends:
The market in India is primarily driven by the inflating disposable incomes of the masses. Along with this, the rising brand consciousness and their shifting lifestyle preferences have led to the widespread preference for high-end fashion brands, which is acting as a major growth-inducing factor. Additionally, the increasing investments by key players across the country to upgrade their authentication processes and quality checks for providing safe and reliable goods to end users is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid urbanization and evolving fashion trends in the country. Looking forward, the India secondhand luxury goods market is expected to continue its strong growth during the forecast period (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.
Breakup by Product Type:
Jewelry & Watches
Small Leather Goods
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Region:
West and Central India
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
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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