Luxury Resale Market to Witness Massive Growth | Farfetch, 1stdibs, Poshmark, The RealReal

The latest study released on the Global Luxury Resale Market by AMA Research evaluates market size, trend, and forecast to 2028. The Luxury Resale market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Key Players in This Report Include:
The RealReal (United States), Farfetch (United Kingdom), Poshmark Inc. (United States), Vestiaire Collective (France), Fashionphile (United States), Chrono24 (Germany), Watchfinder & Co. (United Kingdom), 1stdibs (United States), StockX (United States), Thredup (United States).

Definition:
The purchase and selling of pre-owned luxury goods is known as luxury resale. The term "luxury goods" refers to items that are both expensive and of high quality. Luxury resale, on the other hand, is inexpensive and offers both online and offline outlets for the selling of used products. This type of sale involves the resale of clothing, antiques, fine arts, and a variety of other products. The selling of pre-owned luxury products has increased dramatically in recent years, and the stigma associated with second-hand luxury consumption is dissipating. The worldwide luxury resale business is fragmented, with small local boutiques dominating the market with limited consumer reach. However, the expanding number of online luxury resale websites has had a significant impact on the broader luxury resale sector, which is now consolidating. The demand for antique and popular arts is growing as the middle and lower classes grow in number. In the coming years, this is expected to fuel the global luxury resale industry.

In March 2023, The RealReal shifted resources from direct business to its luxury consignment business. This strategic move helped The RealReal to prioritizing efforts on growing luxury consignment business and expand its presence in Luxury Resale market

Market Drivers:
Growing Sophistication and Consolidation of the Luxury Resale Market
Increase in Online Luxury Resellers are Driving the Luxury Resale Market
The Circular Economy is Another Driver of the Luxury Resale Growth, Fuelled by Younger Affluent Generations and Their Desire for More Sustainability

Challenges:
Lack of Trust in Buying Second-hand Luxury and Increase in E-Commerce Frauds

Market Opportunities:
Growing High Net Worth Individuals (HNWI) Population

In December 2021 Farfetch had announced the acquisition of Luxclusif. The acquisition of Luxclusif's technology platform will allow Farfetch to significantly accelerate its resale features through the implementation of innovative technology and service features such as automated pricing, as well as faster geographic and category expansion of its resale service, Farfetch Second Life.

The Global Luxury Resale Market segments and Market Data Break Down are illuminated below:
by Type (Handbags, Jewellery & Watches, Clothing, Small Leather Goods, Footwear, Accessories, Others), Distribution Channel (Online, Retail), Gender (Men, Women, Unisex)

Global Luxury Resale market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
-To carefully analyze and forecast the size of the Luxury Resale market by value and volume.
-To estimate the market shares of major segments of the Luxury Resale
-To showcase the development of the Luxury Resale market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Luxury Resale market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Luxury Resale
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Luxury Resale market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:

Luxury Resale Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Luxury Resale market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

Luxury Resale Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Luxury Resale Market Production by Region Luxury Resale Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Luxury Resale Market Report:
Luxury Resale Overview, Definition and Classification Market drivers and barriers
Luxury Resale Market Competition by Manufacturers
Impact Analysis of COVID-19 on Luxury Resale Market
Luxury Resale Capacity, Production, Revenue (Value) by Region (2022-2028)
Luxury Resale Supply (Production), Consumption, Export, Import by Region (2022-2028)
Luxury Resale Manufacturers Profiles/Analysis Luxury Resale Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing

Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

Browse Complete Summary and Table of Content @ https://www.advancemarketanalytics.com/reports/191906-global-luxury-resale-market

Key questions answered
How feasible is Luxury Resale market for long-term investment?
What are influencing factors driving the demand for Luxury Resale near future?
What is the impact analysis of various factors in the Global Luxury Resale market growth?
What are the recent trends in the regional market and how successful they are?

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