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Global Luxury Resale Market Report, Size, Share, Growth, Trends, Forecast, Competitive Landscape To 2033
Global Luxury Resale Market Report
As per the report, the luxury resale market size has grown strongly in recent years. It will grow from $31.67 billion in 2023 to $34.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The luxury resale market size is expected to see rapid growth in the next few years. It will grow to $50.9 billion in 2028 at a compound annual growth rate (CAGR) of 10%.
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What Is Driving The Growth Of The Global Luxury Resale Market?
E-commerce Expansion Driving Growth in the Luxury Resale Market
The expansion of e-commerce industry is expected to propel the growth of the luxury resale market going forward. E-commerce refers to the buying and selling of goods and services over the internet. E-commerce expansion is driven by the widespread use of smartphones and internet access, offering consumers convenience and diverse product choices. E-commerce transforms the luxury resale market by enabling global reach, enhancing transparency in pricing and authenticity verification, and providing convenient access to a diverse selection of items through advanced technologies and seamless shopping experiences.
What Is The Key Trend In The Global Luxury Resale Market?
Innovative Use of AI in Luxury Resale Apps
Major companies operating in the luxury resale market are developing mobile apps that use artificial intelligence (AI) and human experts to enhance user experience and ensure the authenticity and quality of luxury goods traded on their platforms. AI algorithms are used to authenticate luxury items based on detailed image analysis and comparison with known authentic items. This comparison helps to ensure the genuineness of products sold on the platform, enhancing trust and credibility among buyers.
How Is The Global Luxury Resale Market Segmented?
The luxury resale market covered in this report is segmented 1) By Type: Apparel And Accessories, Watches, Fine Jewelry, Leather Goods, Others
2) By Demographic: Men, Women, Unisex
3) By Distribution: Online Platforms, Brick-and-Mortar Stores, Consignment Stores
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How Is The Competitive Landscape Of The Global Luxury Resale Market?
Major companies operating in the luxury resale market are Coupang Inc., YOOX Net-a-Porter Group S.p.A., The RealReal Inc., Poshmark Inc., ThredUp Inc., StockX LLC, The Row, 1stdibs.Com Inc., Vestiaire Collective, Depop Limited, Rebag, Fashionphile Group LLC, Luxepolis Retail Services Pvt Ltd, Grailed Inc., Luxury Closet Inc., Luxury Garage Sale LLC, The Closet Inc., LePrix Inc., Collector Square, Garderobe Pre Loved Luxury Fashion, Timepiece 360 Ltd., Yoogi's Closet Inc., Couture Designer Resale Boutique, Luxury Promise Ltd, Cudoni
Contents Of The Global Luxury Resale Market
1. Executive Summary
2. Luxury Resale Market Report Structure
3. Luxury Resale Market Trends And Strategies
4. Luxury Resale Market - Macro Economic Scenario
5. Luxury Resale Market Size And Growth
…..
27. Luxury Resale Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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