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Secondhand Luxury Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • ID: 5118220
  • Report
  • June 2020
  • Region: Global
  • 110 pages
  • IMARC Group
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  • and Yoogi's Closet
  • Fendi
  • Inseller
  • Luxury Closet Inc.
  • The Closet
  • Timepiece360
  • MORE
The global secondhand luxury goods market grew at a CAGR of around 12% during 2014-2019. Secondhand luxury goods refer to the high-end and premium items that are purchased by the second or later end user. These goods commonly include antique furniture, artworks, jewelry, footwear, apparel, and fashion accessories, such as bags, watches, etc. Various luxury goods are usually durable with an extended warranty period which makes them suitable for the resale market. Furthermore, the re-selling of unwanted goods instead of discarding them also provides economic benefits to the seller. Additionally, secondhand luxury goods help in minimizing the dependence on high-quality raw materials for manufacturing new products along with reducing waste production levels. Generally, secondhand luxury goods are sold at auctions, charity events, bazaar-style fundraisers, privately-owned consignment shops, etc.

The rising consumer living standards supported by their increasing disposable income levels have boosted the market for secondhand luxury goods across both developed and emerging economies, with the millennial and urbanized population opting for high-end fashion accessories at lower prices. Additionally, the wide availability of secondhand luxury goods on online platforms along with the diminishing stigma of using pre-owned luxury goods, have further propelled the market growth. Besides this, several online resale sites are entering into strategic partnerships and alliances with luxury brands for improving the reputation of pre-owned luxury products, thereby positively influencing the market growth. Furthermore, the rising popularity of limited capsule collections and fashion drops have also created scarcity for luxury items, which in turn is catalyzing the demand for secondhand luxury goods. Moreover, various secondhand luxury platforms are increasingly investing in authentication procedures and quality checks for providing a safe and reliable environment for the customers to re-sell and buy luxury goods. All the above-mentioned factors will continue to fuel the growth of the global second-hand luxury goods market over the forecast period. Looking forward, the publisher expects the market to continue its strong growth during the next five years.

Breakup by Product Type:
  • Handbags
  • Jewelry & Watches
  • Clothing
  • Small Leather Goods
  • Footwear
  • Accessories
  • Other
Breakup by Demography:
  • Women
  • Men
Breakup by Distribution Channel:
  • Offline
  • Online
  • Breakup by Region
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • North America
  • United States
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being, Fashionphile Group LLC., Fendi, Garderobe, Inseller, Luxepolis, Luxury Closet, Inc., So Chic Boutique, The Closet, The RealReal Inc., Timepiece360, Vestiaire Collective, and Yoogi's Closet,Inc.

Key Questions Answered in this Report:
  • How has the global secondhand luxury goods performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the demography?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global secondhand luxury goods market and who are the key players?
  • What is the degree of competition in the market?
Note: Product cover images may vary from those shown
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  • and Yoogi's Closet
  • Fendi
  • Inseller
  • Luxury Closet Inc.
  • The Closet
  • Timepiece360
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Secondhand Luxury Goods Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast

6 Market Breakup by Product Type
6.1 Handbags
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Jewelry & Watches
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Clothing
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Small Leather Goods
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Footwear
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Accessories
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Other
6.7.1 Market Trends
6.7.2 Market Forecast

7 Market Breakup by Demography
7.1 Women
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Men
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Unisex
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Distribution Channel
8.1 Offline
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Online
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region
9.1 Europe
9.1.1 Germany Market Trends Market Forecast
9.1.2 France Market Trends Market Forecast
9.1.3 United Kingdom Market Trends Market Forecast
9.1.4 Italy Market Trends Market Forecast
9.1.5 Spain Market Trends Market Forecast
9.1.6 Russia Market Trends Market Forecast
9.1.7 Others Market Trends Market Forecast
9.2 Asia Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 North America
9.3.1 United States Market Trends Market Forecast
9.3.2 Canada Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Argentina Market Trends Market Forecast
9.4.4 Columbia Market Trends Market Forecast
9.4.5 Chile Market Trends Market Forecast
9.4.6 Peru Market Trends Market Forecast
9.4.7 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Turkey Market Trends Market Forecast
9.5.2 Saudi Arabia Market Trends Market Forecast
9.5.3 Iran Market Trends Market Forecast
9.5.4 United Arab Emirates Market Trends Market Forecast
9.5.5 Others Market Trends Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Fashionphile Group LLC. Company Overview Product Portfolio
13.3.2 Fendi Company Overview Product Portfolio
13.3.3 Garderobe Company Overview Product Portfolio
13.3.4 Inseller Company Overview Product Portfolio
13.3.5 Luxepolis Company Overview Product Portfolio
13.3.6 Luxury Closet, Inc. Company Overview Product Portfolio
13.3.7 So Chic Boutique Company Overview Product Portfolio
13.3.8 The Closet Company Overview Product Portfolio
13.3.9 The RealReal, Inc. Company Overview Product Portfolio
13.3.10 Timepiece360 Company Overview Product Portfolio
13.3.11 Vestiaire Collective Company Overview Product Portfolio
13.3.12 Yoogi's Closet, Inc. Company Overview Product Portfolio
Note: Product cover images may vary from those shown
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  • Fashionphile Group LLC.
  • Fendi
  • Garderobe
  • Inseller
  • Luxepolis
  • Luxury Closet Inc.
  • So Chic Boutique
  • The Closet
  • The RealReal Inc.
  • Timepiece360
  • Vestiaire Collective
  • and Yoogi's Closet
Note: Product cover images may vary from those shown
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