India Secondhand Luxury Goods Market Share 2022-2027: Growth Strategy, Segment, Trends and Forecast

According to IMARC Group's latest report, titled "India Secondhand Luxury Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India secondhand luxury goods market is expected to exhibit a CAGR of 12.18% during 2022-2027. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2022-2027).

Secondhand luxury goods are high-end, premium items, such as antique footwear, furniture, jewelry, artworks, apparel, and fashion accessories, that are purchased by the second end user. They are more cost-effective than new products and offer an extended warranty period, making them suitable for the resale market. In addition to this, these luxury goods help reduce waste production and carbon footprint by minimizing the dependence on high-quality raw materials for manufacturing new products. Secondhand luxury goods are largely sold at auctions, bazaar-style fundraisers, charity events, and privately-owned consignment shops. 

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India Secondhand Luxury Goods Market Trends:

One of the key factors driving the India secondhand luxury goods include the increasing consumer expenditure power and the rising popularity of various international e-commerce platforms across the country. In line with this, the evolving living standards and surging influence of western fashion trends are other growth-inducing factors. Moreover, the increasing environmental awareness has prompted a gradual shift toward secondhand luxury products as they reduce the volume of waste sent to landfills, which, in turn, is creating a positive outlook for the market. Besides this, the rapid adoption of high-end clothing and fashion accessories, the rising popularity of secondhand luxury goods, the growing focus on sustainability, and the easy availability of products on online retail platforms are providing an impetus to the market growth.

India Secondhand Luxury Goods Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the India secondhand luxury goods market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has categorized the India secondhand luxury goods market based on product type, demography and distribution channel.

Breakup by Product Type:

Handbags
Jewelry & Watches
Clothing
Small Leather Goods
Footwear
Accessories
Others

Breakup by Demography:

Women
Men
Unisex

Breakup by Distribution Channel:

Offline
Online

Breakup by Region:

North India
West and Central India
South India
East India

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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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