Secondhand Luxury Goods Market Report 2023-2028 | Size, Consumption, Sales, Top Brands, Outlook

IMARC Group, a leading market research company, has recently releases report titled "𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global secondhand luxury goods market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

𝙍𝙚𝙥𝙤𝙧𝙩 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭?

The global secondhand luxury goods market size reached US$ 31.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/secondhand-luxury-goods-market/requestsample

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬?

Secondhand luxury goods represent the high-end and premium products that are purchased by the second or later end user. They usually include artworks, jewelry, footwear, antique furniture, apparel, fashion accessories, including bags and watches, etc. Numerous luxury goods are generally durable with an extended warranty period, which makes them suitable for the resale market. In line with this, they also offer economic benefits to the seller. Secondhand luxury goods aid in minimizing the dependence on high-quality raw materials for manufacturing new items and reducing waste production levels. As such, they are sold at charity events, bazaar-style fundraisers, auctions, privately-owned consignment shops, etc., across the globe.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭?

The increasing consumer living standards and the inflating disposable income levels are primarily driving the second-hand luxury goods market. Additionally, the escalating demand for high-end fashion accessories at lower prices and the growing popularity of limited capsule collections and fashion drops are further catalysing the market growth. Besides this, numerous second hand luxury platforms are extensively investing in authentication procedures and quality checks to provide a safe and reliable environment for customers to re-sell and buy luxury goods, which is positively influencing the global market. Moreover, the easy availability of secondhand luxury goods on online platforms is acting as another significant growth-inducing factor. Apart from this, the rising number of online re-selling platforms and the diminishing stigma of using pre-owned luxury goods are also stimulating the market growth. Furthermore, various online resale sites are entering into strategic partnerships and alliances with luxury brands to enhance the reputation of pre-owned luxury, which is expected to fuel the secondhand luxury goods market over the forecasted period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=2100&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

𝐖𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲?

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

• Fashionphile Group LLC.
• Fendi
• Garderobe
• Inseller
• Luxepolis
• Luxury Closet, Inc.
• So Chic Boutique
• The Closet
• The RealReal Inc.
• Timepiece360
• Vestiaire Collective
• Yoogi's Closet, Inc.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 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
• Other

Breakup by Demography:
• Women
• Men
• Unisex

Breakup by Distribution Channel:
• Offline
• Online

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=2100&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• 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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This release was published on openPR.