Luxury Resale Market Share Driven by Sustainable Fashion Trends and Expanding Digital Platforms | Valuates Reports

Luxury Resale Market
The global market for Luxury Resale was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

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The luxury resale market is gaining significant momentum as sustainability and affordability reshape consumer preferences in the luxury sector. Growing awareness of circular fashion, rising demand for pre-owned luxury goods, and the influence of younger generations embracing second-hand shopping are fueling market trends. Enhanced authentication technologies and the entry of established brands into resale are further driving market growth, contributing to an expanding overall market size.

By type, apparel luxury holds the largest market share, driven by the high turnover of fashion items and consumer desire for premium branded clothing at accessible prices. Meanwhile, hard luxury, which includes jewelry and watches, is registering the fastest market growth as buyers increasingly seek investment-grade pieces with long-term value. Other categories, such as handbags and accessories, also play a vital role in supporting the diversity of offerings within the market.

In terms of application, online sales dominate the market share due to the rise of specialized resale platforms, mobile commerce, and enhanced digital authentication services. Offline sales, however, are experiencing steady market growth as luxury boutiques and physical resellers continue to attract customers seeking in-person verification and exclusive experiences. Together, both channels highlight the importance of omnichannel strategies in capturing consumer demand.

Looking ahead, the market forecast suggests robust expansion supported by brand collaborations, AI-powered authentication, and increasing consumer acceptance of pre-owned luxury goods. Evolving regulatory frameworks for second-hand trade and greater focus on sustainability in the fashion industry will further influence market trends. With shifting cultural attitudes toward ownership and value, the luxury resale market is set to experience sustained market growth and global adoption.

Segment by Type

• Apparel Luxury
• Hard Luxury
• Others

Segment by Application

• Online Sales
• Offline Sales

By Company

The RealReal, Inc., ThredUp, Inc., Farfetch Ltd., Compagnie Financiere Richemont SA (YOOX Net-a-Porter Group ), Vestiaire Collective (Tradesy), Poshmark Inc., Everlane Inc., OfferUp, Inc. (Letgo Inc.), Trendly, Inc. (Rebag), Cudoni, TechStyle Fashion Group (JustFab Inc.), Kynetic (Rue La La)

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