Industry Overview
The Luxury Resale Market is expected to reach 8Billion by 2031 and is growing at a CAGR of 25% between 2023 to 2031.Luxury Resale Market Size in (USD Billion) CAGR Growth Rate 25%
| Study Period | 2019-2031 |
| Market Size (2023): | 3Billion |
| Market Size (2031): | 8Billion |
| CAGR (2023 - 2031): | 25% |
| Fastest Growing Region | APAC |
| Dominating Region | North America |
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The purchase and selling of pre-owned luxury goods is known as luxury resale. The term "luxury goods" refers to items that are both expensive and of high quality. Luxury resale, on the other hand, is inexpensive and offers both online and offline outlets for the selling of used products. This type of sale involves the resale of clothing, antiques, fine arts, and a variety of other products. The selling of pre-owned luxury products has increased dramatically in recent years, and the stigma associated with second-hand luxury consumption is dissipating. The worldwide luxury resale business is fragmented, with small local boutiques dominating the market with limited consumer reach. However, the expanding number of online luxury resale websites has had a significant impact on the broader luxury resale sector, which is now consolidating. The demand for antique and popular arts is growing as the middle and lower classes grow in number. In the coming years, this is expected to fuel the global luxury resale industry.
The consumer goods market consists of various components, including product categories (durable and non-durable goods), distribution channels (retail stores, e-commerce, and wholesalers), and market segmentation based on demographics and consumer behavior. Marketing strategies, such as advertising and branding, play a crucial role in attracting consumers, while trends like sustainability and health consciousness influence purchasing decisions. Additionally, the regulatory environment impacts product development, and effective supply chain management ensures timely delivery. Pricing strategies must consider competition and consumer demand to optimize sales. Together, these elements shape the dynamics of the consumer goods market.
Market Segmentation
Selecting segmentation criteria in The RealReal (United States), Farfetch (United Kingdom), Poshmark Inc. (United States), Vestiaire Collective (France), Fashionphile (United States), Chrono24 (Germany), Watchfinder & Co. (United Kingdom), 1stdibs (United States), StockX (United States), Thredup (United States) involves several key steps. Researchers begin by defining their objectives, such as understanding consumer behavior or identifying market opportunities. They then gather relevant data on demographics, psychographics, and buying behavior. Next, they identify segmentation variables like age, location, lifestyle, and purchase patterns. Using analytical tools, they analyze the data to find distinct market segments and evaluate their attractiveness based on size, growth potential, and alignment with business goals. Detailed profiles are created for each segment, and the most promising ones are selected for targeting. Finally, tailored marketing strategies are developed, and the performance of these strategies is monitored and adjusted as needed. This process ensures that segmentation effectively identifies valuable market opportunities and aligns with strategic goals.The North America Region holds a dominant market share, primarily driven by growing consumption patterns, a rising population, and robust economic activity that fuels market demand. Meanwhile, the APAC Region is experiencing the fastest growth, propelled by increasing infrastructure developments, expanding industrial activities, and a surge in consumer demand, positioning it as a key driver for future market expansion.
Segmentation by Type
- Resale
- Luxury
- Goods
- Secondhand
Luxury Resale Market Segmentation by Type
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Segmentation by Application
- Retail
- Luxury Goods
- Consumer Goods
Luxury Resale Market Segmentation by Application
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Regional Insight
The Luxury Resale varies widely by region, reflecting diverse economic conditions and consumer preferences. In North America, the focus is on convenience and premium products, driven by high disposable incomes and a strong e-commerce sector. Europe’s market is fragmented, with Western countries emphasizing luxury and organic goods, while Eastern Europe sees rapid growth. Asia-Pacific is a fast-growing region with high demand for both high-tech and affordable products, driven by urbanization and rising middle-class incomes. Latin America prioritizes affordability amidst economic fluctuations, with Brazil and Mexico leading in market growth. In the Middle East and Africa, market trends are influenced by cultural preferences, with luxury goods prominent in the Gulf States and gradual growth in sub-Saharan Africa. Global trends like sustainability and digital transformation are impacting all regions.
The North America dominant region currently dominates the market share, fueled by increasing consumption, population growth, and sustained economic progress that collectively enhance market demand. Conversely, the APAC is the fastest-growing that is rapidly becoming the fastest-growing region, driven by significant infrastructure investments, industrial expansion, and rising consumer demand.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
APAC
Dominating Region
North America
Key Players
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
- The RealReal (United States)
- Farfetch (United Kingdom)
- Poshmark Inc. (United States)
- Vestiaire Collective (France)
- Fashionphile (United States)
- Chrono24 (Germany)
- Watchfinder & Co. (United Kingdom)
- 1stdibs (United States)
- StockX (United States)
- Thredup (United States)
Luxury Resale Market Segmentation by Players
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Report Infographics:
| Report Features | Details |
| Base Year | 2023 |
| Based Year Market Size 2023 | 3Billion |
| Historical Period Market Size 2019 | 1Billion |
| CAGR (2023to 2031) | 25% |
| Forecast Period | 2023 to 2031 |
| Forecasted Period Market Size 2031 | 8Billion |
| Scope of the Report | Resale, Luxury, Goods, Secondhand, Retail, Luxury Goods, Consumer Goods |
| Regions Covered | North America, Europe, Asia Pacific, South America, and MEA |
| Year-on-Year Growth | 12% |
| Companies Covered | The RealReal (United States), Farfetch (United Kingdom), Poshmark Inc. (United States), Vestiaire Collective (France), Fashionphile (United States), Chrono24 (Germany), Watchfinder & Co. (United Kingdom), 1stdibs (United States), StockX (United States), Thredup (United States) |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Luxury Resale Market Dynamics
The Luxury Resale is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade.Influencing Trend:
- Second-hand luxury market
Market Growth Drivers:
- Growing Sophistication And Consolidation Of The Luxury Resale Market
- Increase In Online Luxury Resellers Are Driving The Luxury Resale Market
- The Circular Economy Is Another Driver Of The Luxury Resale Growth
- Fuelled By Younger Affluent Generations And Their Desire For More Sustainability
Challenges:
- Counterfeit Issues
Opportunities:
- Growing High Net Worth Individuals (HNWI) Population
Regulatory Framework
The regulatory framework for the Luxury Resale ensures product safety, fair competition, and consumer protection. It encompasses setting standards for product quality and safety, enforcing truthful advertising and labeling, and implementing environmental sustainability practices. Regulations include robust procedures for product recalls, data protection, and anti-competitive practices, while also overseeing import/export controls and intellectual property rights. Regulatory bodies enforce these rules through inspections and penalties, and consumer education programs help individuals make informed decisions. This framework aims to protect consumers, promote fair market conditions, and encourage ethical business practices.Competitive Insights
The key players in the Luxury Resale are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as The RealReal (United States), Farfetch (United Kingdom), Poshmark Inc. (United States), Vestiaire Collective (France), Fashionphile (United States), Chrono24 (Germany), Watchfinder & Co. (United Kingdom), 1stdibs (United States), StockX (United States), Thredup (United States) are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the consumer goods industry, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the consumer goods industry. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green movement, thereby fueling market growth.
Research Methodology
The research methodology for the consumer goods industry involves several key steps to ensure comprehensive and actionable insights. First, the research objectives are clearly defined, focusing on aspects like consumer behavior, market opportunities, competitive dynamics, or regulatory impacts. A thorough literature review follows, drawing from academic journals, industry reports, government publications, and market analyses to establish a knowledge base and identify research gaps. Data collection encompasses both primary methods, such as surveys, interviews, and focus groups with consumers and industry experts, and secondary methods, including analysis of market reports, government data, and industry publications. Quantitative data is analyzed using statistical tools to identify patterns and market segments, while qualitative data from interviews and focus groups is examined to extract key themes and insights.
The market is then segmented based on demographics, psychographics, geography, and purchasing behavior, and competitive analysis is conducted to evaluate key players' strategies and strengths. Trend analysis identifies current and emerging industry trends. Findings are compiled into a detailed report with data visualizations and strategic recommendations. The research is validated and refined through cross-checking and expert feedback, and a framework for continuous monitoring is established to keep the research current and relevant.
Luxury Resale - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Luxury Resale Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Luxury Resale Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Luxury Resale Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growing Sophistication and Consolidation of the Luxury Resale Market
- 3.1.2 Increase in Online Luxury Resellers are Driving the Luxury Resale Market
- 3.1.3 The Circular Economy is Another Driver of the Luxury Resale Growth
- 3.1.4 Fuelled by Younger Affluent Generations and Their Desire for More Sustainability
-
3.2 Available Opportunities
- 3.2.1 Growing High Net Worth Individuals (HNWI) Population
-
3.3 Influencing Trends
- 3.3.1 Second-hand luxury market
- 3.3.2 sustainability
-
3.4 Challenges
- 3.4.1 Counterfeit issues
- 3.4.2 market education
- 3.5 Regional Dynamics
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Chapter 4 : Global Luxury Resale Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Luxury Resale Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Luxury Resale : Competition Benchmarking & Performance Evaluation
- 5.1 Global Luxury Resale Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Luxury Resale Revenue 2023
- 5.3 Global Luxury Resale Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Heat Map Analysis
- 5.6 Strategic Group Analysis
Chapter 6: Global Luxury Resale Market: Company Profiles
- 6.1 The RealReal (United States)
- 6.1.1 The RealReal (United States) Company Overview
- 6.1.2 The RealReal (United States) Product/Service Portfolio & Specifications
- 6.1.3 The RealReal (United States) Key Financial Metrics
- 6.1.4 The RealReal (United States) SWOT Analysis
- 6.1.5 The RealReal (United States) Development Activities
- 6.2 Farfetch (United Kingdom)
- 6.3 Poshmark Inc. (United States)
- 6.4 Vestiaire Collective (France)
- 6.5 Fashionphile (United States)
- 6.6 Chrono24 (Germany)
- 6.7 Watchfinder & Co. (United Kingdom)
- 6.8 1stdibs (United States)
- 6.9 StockX (United States)
- 6.10 Thredup (United States)
- 6.11
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Chapter 7 : Global Luxury Resale by Type & Application (2019-2031)
-
7.1 Global Luxury Resale Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Resale
- 7.1.2 Luxury
- 7.1.3 Goods
- 7.1.4 Secondhand
- 7.1.5 Retail
-
7.2 Global Luxury Resale Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Retail
- 7.2.2 Luxury Goods
- 7.2.3 Consumer Goods
- 7.3 Global Luxury Resale Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Luxury Resale Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Luxury Resale Market Breakdown by Country, Type & Application
- 8.1 North America Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Resale
- 8.2.2 Luxury
- 8.2.3 Goods
- 8.2.4 Secondhand
- 8.2.5 Retail
-
8.3 North America Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Retail
- 8.3.2 Luxury Goods
- 8.3.3 Consumer Goods
- 8.4 North America Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Luxury Resale Market Breakdown by Country, Type & Application
- 9.1 LATAM Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Resale
- 9.2.2 Luxury
- 9.2.3 Goods
- 9.2.4 Secondhand
- 9.2.5 Retail
-
9.3 LATAM Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Retail
- 9.3.2 Luxury Goods
- 9.3.3 Consumer Goods
- 9.4 LATAM Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Luxury Resale Market Breakdown by Country, Type & Application
- 10.1 West Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Resale
- 10.2.2 Luxury
- 10.2.3 Goods
- 10.2.4 Secondhand
- 10.2.5 Retail
-
10.3 West Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Retail
- 10.3.2 Luxury Goods
- 10.3.3 Consumer Goods
- 10.4 West Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Luxury Resale Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Resale
- 11.2.2 Luxury
- 11.2.3 Goods
- 11.2.4 Secondhand
- 11.2.5 Retail
-
11.3 Central & Eastern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Retail
- 11.3.2 Luxury Goods
- 11.3.3 Consumer Goods
- 11.4 Central & Eastern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Luxury Resale Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Resale
- 12.2.2 Luxury
- 12.2.3 Goods
- 12.2.4 Secondhand
- 12.2.5 Retail
-
12.3 Northern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Retail
- 12.3.2 Luxury Goods
- 12.3.3 Consumer Goods
- 12.4 Northern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Luxury Resale Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Resale
- 13.2.2 Luxury
- 13.2.3 Goods
- 13.2.4 Secondhand
- 13.2.5 Retail
-
13.3 Southern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Retail
- 13.3.2 Luxury Goods
- 13.3.3 Consumer Goods
- 13.4 Southern Europe Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Luxury Resale Market Breakdown by Country, Type & Application
- 14.1 East Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Resale
- 14.2.2 Luxury
- 14.2.3 Goods
- 14.2.4 Secondhand
- 14.2.5 Retail
-
14.3 East Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Retail
- 14.3.2 Luxury Goods
- 14.3.3 Consumer Goods
- 14.4 East Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Luxury Resale Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Resale
- 15.2.2 Luxury
- 15.2.3 Goods
- 15.2.4 Secondhand
- 15.2.5 Retail
-
15.3 Southeast Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Retail
- 15.3.2 Luxury Goods
- 15.3.3 Consumer Goods
- 15.4 Southeast Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Luxury Resale Market Breakdown by Country, Type & Application
- 16.1 South Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Resale
- 16.2.2 Luxury
- 16.2.3 Goods
- 16.2.4 Secondhand
- 16.2.5 Retail
-
16.3 South Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Retail
- 16.3.2 Luxury Goods
- 16.3.3 Consumer Goods
- 16.4 South Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Luxury Resale Market Breakdown by Country, Type & Application
- 17.1 Central Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Resale
- 17.2.2 Luxury
- 17.2.3 Goods
- 17.2.4 Secondhand
- 17.2.5 Retail
-
17.3 Central Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Retail
- 17.3.2 Luxury Goods
- 17.3.3 Consumer Goods
- 17.4 Central Asia Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Luxury Resale Market Breakdown by Country, Type & Application
- 18.1 Oceania Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Resale
- 18.2.2 Luxury
- 18.2.3 Goods
- 18.2.4 Secondhand
- 18.2.5 Retail
-
18.3 Oceania Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Retail
- 18.3.2 Luxury Goods
- 18.3.3 Consumer Goods
- 18.4 Oceania Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Luxury Resale Market Breakdown by Country, Type & Application
- 19.1 MEA Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Resale
- 19.2.2 Luxury
- 19.2.3 Goods
- 19.2.4 Secondhand
- 19.2.5 Retail
-
19.3 MEA Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Retail
- 19.3.2 Luxury Goods
- 19.3.3 Consumer Goods
- 19.4 MEA Luxury Resale Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Luxury Resale Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Luxury Resale Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Luxury Resale market size surpassed 3Billion in 2023 and will expand at a CAGR of 25% between 2023 and 2031.
The Luxury Resale Market is predicted to grow at a CAGR of 25%.
Second-hand Luxury Market, Sustainability are seen to make big Impact on Luxury Resale Market Growth.
- Growing Sophistication And Consolidation Of The Luxury Resale Market
- Increase In Online Luxury Resellers Are Driving The Luxury Resale Market
- The Circular Economy Is Another Driver Of The Luxury Resale Growth
- Fuelled By Younger Affluent Generations And Their Desire For More Sustainability
As Industry players prepare to scale up, Luxury Resale Market sees major concern such as Counterfeit Issues, Market Education.
The market opportunity is clear from the flow of investment into Global Luxury Resale Market, some of them are Growing High Net Worth Individuals (HNWI) Population.
New entrants, including competitors from unrelated industries along with players such as The RealReal (United States), Farfetch (United Kingdom), Poshmark Inc. (United States), Vestiaire Collective (France), Fashionphile (United States), Chrono24 (Germany), Watchfinder & Co. (United Kingdom), 1stdibs (United States), StockX (United States), Thredup (United States), Instituting a robust process in Global Luxury Resale Market.
Research paper of Global Luxury Resale Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Retail, Luxury Goods, Consumer Goods.
The Global Luxury Resale Market Study is segmented by Resale, Luxury, Goods, Secondhand, Retail.
The Global Luxury Resale Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]
The purchase and selling of pre-owned luxury goods is known as luxury resale. The term "luxury goods" refers to items that are both expensive and of high quality. Luxury resale, on the other hand, is inexpensive and offers both online and offline outlets for the selling of used products. This type of sale involves the resale of clothing, antiques, fine arts, and a variety of other products. The selling of pre-owned luxury products has increased dramatically in recent years, and the stigma associated with second-hand luxury consumption is dissipating. The worldwide luxury resale business is fragmented, with small local boutiques dominating the market with limited consumer reach. However, the expanding number of online luxury resale websites has had a significant impact on the broader luxury resale sector, which is now consolidating. The demand for antique and popular arts is growing as the middle and lower classes grow in number. In the coming years, this is expected to fuel the global luxury resale industry.
