Secondhand Luxury Goods Market Development, Trends, Demand and Forecast Till 2026

Global Secondhand Luxury Goods Market Research and Upcoming Forecast Report

© 2019 IMARC All Rights Reserved

Author: Elena Anderson, Marketing Manager | Copyright ©Group IMARC Service Pvt Ltd. All Rights Reserved IMARC

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Secondhand Luxury Goods Market Outlook 2026: IMARC Group, titled "Secondhand Luxury Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," The global secondhand luxury goods market reached a value of US$ 26.89 Billion in 2020.

Secondhand luxury goods are premium and high-end personal items that are purchased by a second or later end user. The prices of these goods are significantly lower than the original product, which makes them accessible to a larger section of society.

The vintage connotation associated with most of the secondhand luxury items makes them exclusive, thereby attracting individuals to sell and buy used high-end products through auctions, bazaar-style fundraisers, charity events or privately-owned consignment shops.

The usage of these products also aids in reducing carbon footprint as they minimize the dependence on raw materials and lower waste production levels. Some of the most commonly sold secondhand luxury items include clothing, bags, watches, footwear, artwork, jewelry and antique furniture.

Request for a free sample report: https://www.imarcgroup.com/secondhand-luxury-goodsmarket/requestsample

Report Description and Highlights

Report Description

Global Secondhand Luxury Goods Market Trends: The global market is primarily driven by the shifting lifestyle preferences of the majority of the population across the globe. Supported by rapid urbanization and inflating disposable income levels, the uptake for secondhand luxury products has significantly increased.

Apart from this, the proliferation of online retail channels is also contributing to the market growth.

Online channels offer high-quality products to consumers at considerably lower prices. E-retail also proves to be extremely beneficial for the sellers as it allows firsthand buyers to invest the resale money in buying new full-priced high-end products.

The availability of a wide array of products on online platforms with a diversified price range also attracts customers to the market. Along with this, the widespread popularity of limited capsule collection results in a scarcity of luxury goods, which provides a thrust to the market growth.

Furthermore, numerous key players are ensuring improved quality of the secondhand items by investing in authentication procedures and several quality checks, which is creating a positive outlook for the market. Some of the other factors driving the market growth include growing concerns regarding decreasing landfill space and enhanced focus of individuals toward sustainable development.

On account of the aforementioned factors, the market is expected to witness strong growth during 2021-2026.

Report Description and Highlights

Report Description 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

Report Description and Highlights

Report Description Breakup by Region: • • • • •

Europe Asia Pacific North America Latin America Middle East and Africa

Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc

Report Description and Highlights

Report Description Competitive Landscape: • • • • • • • • • • • •

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.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/secondhand-luxury-goods-

market

A partial List of

We are the trusted business partners to the

List of Clients world's leading corporates, governments, and ourPartial Clients institutions

A partial List of

We are the trusted business partners to the

Listworld's of Clients leading corporates, governments, and ourPartial Clients institutions

Report Description and Highlights

Report Description

© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing.

International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com