India Secondhand Luxury Goods Market Trends, Demand, Key Players, Statistics and Size Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "𝐈𝐧𝐝𝐢𝐚 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the India 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.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭?

India secondhand luxury goods market size reached US$ 555.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,060.8 Million by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐨𝐜 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/india-secondhand-luxury-goods-market/requestsample

What is Secondhand Luxury Goods?

Secondhand luxury goods refer to high-end fashion items, such as designer clothing, handbags, and accessories, that have been previously owned and resold. These items are often sold through online marketplaces, consignment stores, or vintage shops. They help to reduce carbon footprints while lowering waste production levels and the dependence on raw materials. Secondhand luxury goods also offer an extended warranty period as well as provide economic benefits to the seller as secondhand goods can be resold rather than discarded.

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

The increasing trend of sustainable fashion, along with the environmental impact of fast fashion represents a significant factor driving the market growth. In line with this, the rising consciousness among consumers for the need to reduce waste and minimize their carbon footprint, and buying secondhand luxury goods is contributing to the growth of the market. In addition to this, the high cost of luxury goods is another key factor driving the market growth. This is primarily attributed to easy access to high-quality items at a lower cost. Apart from this, many luxury brands have even started to embrace the trend by launching their own resale platforms or collaborating with established resale sites. Moreover, the rising popularity of vintage and retro fashion is creating a positive outlook for the market across the country.

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

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
• Others

Based on Demography:
• Women
• Men
• Unisex

Analysed by Distribution Channel:
• Offline
• Online

Regional Analysis:
• North India
• West and Central India
• South India
• East India

Who are the Key Players Operating in the India Secondhand Luxury Goods Market?

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 (2017-2022)
• Market Outlook (2023-2028)
• 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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This release was published on openPR.