India Secondhand Luxury Goods Market to Exhibit a CAGR of 12.18% During 2022-2027

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 premium and high-end products sold by the owner and purchased by the second and later end users. Such goods consist of footwear, antique furniture, artwork, apparel, jewelry, and fashion accessories, like watches and bags. The timeless and durable nature of luxury goods makes them a good fit for the resale industry. The purchase of secondhand luxury items also helps manufacturers to reduce their carbon footprint, lower waste production levels, and minimize their dependence on raw materials.

Request for a PDF sample of this report: https://www.imarcgroup.com/india-secondhand-luxury-goods-market/requestsample

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.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rising influence of western fashion trends, along with rapid modernization, is driving the market growth in India. Apart from this, with the increasing disposable incomes and the improving living standards of consumers, the demand for luxury goods is expanding across the country.

Furthermore, the rising shift among individuals toward secondhand luxury products due to the associated positive environmental impact is acting as another growth-inducing factor. In addition, the escalating adoption of high-end fashion clothing and accessories, owing to the growing affordability and accessibility, is projected to boost the market growth. Moreover, the establishment of various resale websites for luxury goods that offer a reliable platform for both buyers and sellers is expected to aid the market growth during the forecast period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3772&method=1

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the 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

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3772&flag=C

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.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Secondhand Luxury Goods Market: https://www.imarcgroup.com/secondhand-luxury-goods-market

Brazil Beauty and Personal Care Products Market: https://www.imarcgroup.com/brazil-beauty-personal-care-products-market

Home Decor Market: https://www.imarcgroup.com/home-decorative-materials-market

Pet Food Market: https://www.imarcgroup.com/pet-food-market

Europe Footwear Market: https://www.imarcgroup.com/europe-footwear-market

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This release was published on openPR.