Press release
Global Secondhand Luxury Goods Market to Grow at a CAGR of 8.50% from 2025-2033, Driven by the Shifting Lifestyle Preferences
Europe currently dominates the market.
The global secondhand luxury goods market was valued at USD 37.2 Billion in 2024 and is projected to reach USD 77.8 Billion by 2033, growing at a CAGR of 8.50% during the forecast period of 2025-2033.
Study Assumption Years
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Period: 2025-2033
Market Key Takeaways
• Current Market Size: USD 37.2 Billion in 2024
• CAGR: 8.50%
• Forecast Period: 2025-2033
• Europe dominates driven by sustainability consciousness and cultural acceptance.
• Handbags lead product segment being versatile fashion accessories and investment pieces.
• Women account for largest demographic seeking affordable luxury and unique designs.
• Offline distribution dominates providing physical inspection and authentication verification.
• E-commerce growth expanding market reach and facilitating global transactions.
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Secondhand Luxury Goods Industry Segmentation:
Analysis by Product Type:
• Handbags
• Jewelry & Watches
• Clothing
• Small Leather Goods
• Footwear
• Accessories
• Others
Analysis by Demography:
• Women
• Men
• Unisex
Analysis by Distribution Channel:
• Offline
• Online
Analysis by Region:
• Europe
• Asia Pacific
• North America
• Latin America
• Middle East and Africa
Key Players
• Fashionphile Group LLC
• Fendi
• Garderobe
• Inseller
• Luxepolis
• Luxury Closet Inc.
• So Chic Boutique
• The Closet
• The RealReal Inc.
• Timepiece 360
• Vestiaire Collective
• Yoogi's Closet Inc.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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