Europe Secondhand Luxury Goods Market Size Cross to Revenue US$ 26.5 Billion by 2028 | CAGR of 8.3%

IMARC Group has recently released a new research study titled "Europe Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Europe secondhand luxury goods market size reached US$ 16.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Secondhand luxury goods are high-end and premium products that commonly include luxury footwear and apparel, bags, antique furniture, watches, jewelry, artworks, etc. They are generally durable with an extended warranty period, which makes them suitable for the resale market. In addition to this, secondhand luxury goods aid in reducing carbon footprint and minimizing production waste. They offer economic benefits to sellers. Secondhand luxury goods are extensively sold at auctions, charity events, privately-owned consignment shops, bazaar-style fundraisers, online retail channels, etc., across Europe.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/europe-secondhand-luxury-goods-market/requestsample

Europe Secondhand Luxury Goods Market Trends and Drivers:

The rising consumer inclination towards the adoption of pre-owned products and the increasing demand for high-end accessories, clothing, footwear, etc., at affordable prices are among the key factors stimulating the Europe secondhand luxury goods market. Moreover, extensive investments by leading manufacturers in the deployment of advanced solutions for quality checks and authentication processes to provide reliable and genuine secondhand items to buyers are acting as significant growth-inducing factors. Besides this, the growing number of online re-selling platforms that are entering into strategic partnerships and collaborations with luxury brands to enhance the reputation of secondhand products is positively influencing the regional market. Furthermore, the easy availability of a wide range of luxury items across the online and offline organized retail channels is also propelling the market growth. Apart from this, various economic benefits associated with re-selling their luxury products instead of discarding them and the introduction of limited capsule collections and fashion drops are anticipated to fuel the Europe secondhand luxury goods market over the forecasted period.

Competitive Landscape

The competitive landscape of the industry has also been examined with some of the key players being

Fendi (LVMH Moet Hennessy Louis Vuitton)
Vestiaire Collective
Harrods Limited
Cartier International (Compagnie Financiere Richemont SA)
Chrono24
Collector Square
Rewind Vintage Affairs
Audemars Piguet
Chronext AG.

The report has segmented the market on the basis of Product Type, Demography, Demography, Distribution Channel and Country.

Breakup by Product Type:

Jewelry and Watches
Handbags
Clothing
Small Leather Goods
Footwear
Accessories
Others

Breakup by Demography:

Men
Women
Unisex

Breakup by Distribution Channel:

Offline
Online

Breakup by Country:

France
Italy
United Kingdom
Germany
Russia
Spain
Others

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/europe-secondhand-luxury-goods-market

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.

Other Trending Reports By IMARC Group

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

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

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

India Air Cooler Market: https://www.imarcgroup.com/india-air-cooler-market

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.