Asia Pacific Secondhand Luxury Goods Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Asia Pacific Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview

The Asia Pacific secondhand luxury goods market is currently witnessing strong growth. Secondhand luxury goods are high-end premium products that are bought by a second or later end user. These goods include a wide variety of products, such as jewelry, antique furniture, apparel, artwork, and fashion accessories like bags and watches. They provide economic benefits to the sellers as they can be resold in the market instead of being discarded, which also reduces the level of wastage generated.

The Asia Pacific secondhand luxury goods market is primarily driven by the rising influence of western fashion trends and improving living standards. Apart from this, with the increasing disposable incomes and the growing urban population, the demand for low-cost, high-end fashion accessories, such as secondhand luxury goods, is increasing. Besides this, the increasing adoption of luxury fashion accessories and clothing due to their increasing affordability and accessibility and the decreasing stigma associated with the use of preowned goods is catalyzing the market growth. Moreover, the availability of several international e-commerce platforms offering overseas delivery options is also escalating the sales of preowned luxury goods. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific secondhand luxury goods market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type, demography and distribution channel.

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

Breakup by Country:

China
Japan
India
South Korea
Australia
Indonesia
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the Asia Pacific secondhand luxury goods market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Asia Pacific secondhand luxury goods market?
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 industry?
What is the structure of the Asia Pacific secondhand luxury goods market and who are the key players?
What is the degree of competition in the industry?