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

Market Overview:

The Europe secondhand luxury goods market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Secondhand luxury goods refer to high-end and premium items that are purchased by the second user. These items commonly include antique furniture, jewelry, artworks, luxury footwear and apparel, bags, watches, etc. Secondhand luxury goods are usually durable with an extended warranty period that makes them suitable for the resale market. In Europe, secondhand luxury goods are generally sold at auctions, charity events, bazaar-style fundraisers, privately-owned consignment shops, online retail channels, etc.

The wide presence of numerous luxury retail brands ranging from fashion apparel to cosmetics is primarily driving the market growth in Europe. The growing demand for high-end clothing, accessories, footwear, etc., at affordable prices, is further propelling the market for secondhand luxury goods in Europe. Additionally, the rising popularity of limited capsule collections and fashion drops have also created scarcity for luxury items, which in turn is bolstering the demand for secondhand luxury goods. Apart from this, the changing socio-economic culture across the European countries coupled with the diminishing stigma on using pre-owned goods is also augmenting the market growth. Moreover, the growing number of online re-selling platforms is further fueling the demand for secondhand luxury goods. These platforms are entering into strategic partnerships and alliances with luxury brands for improving the reputation of secondhand products, thereby propelling the market growth in Europe. Additionally, the emergence of numerous advanced technologies for enhanced authentication procedures and quality checks has provided a safe and reliable environment for the customers to re-sell and buy secondhand luxury goods.

Key Market Segmentation:

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

Breakup by Product Type:

  • Jewelry and Watches
  • Handbags
  • Clothing
  • Small Leather Goods
  • Footwear
  • Accessories
  • Others
     

Breakup by Demography:

  • Men
  • Women
  • Unisex
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

Breakup by Country:

  • France
  • Italy
  • United Kingdom
  • Germany
  • Russia
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Fendi (LVMH Moët Hennessy Louis Vuitton), Vestiaire Collective, Harrods Limited, Cartier International (Compagnie Financière Richemont SA), Chrono24, Collector Square, Rewind Vintage Affairs, Audemars Piguet and Chronext AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Demography, Distribution Channel, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Russia, Others
Companies Covered Fendi (LVMH Moët Hennessy Louis Vuitton), Vestiaire Collective, Harrods Limited, Cartier International (Compagnie Financière Richemont SA), Chrono24, Collector Square, Rewind Vintage Affairs, Audemars Piguet and Chronext AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 2499
Five User License $ 2999
Corporate License $ 3499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the Europe 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 Europe 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 Europe secondhand luxury goods market and who are the key players?
  • What is the degree of competition in the industry?

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    Europe Secondhand Luxury Goods Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1   Jewelry and Watches
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   Handbags
        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    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Demography
    7.1    Men
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Women
        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 Country
    9.1    France
        9.1.1 Market Trends
        9.1.2 Market Breakup by Product Type
        9.1.3 Market Breakup by Demography
        9.1.4 Market Breakup by Distribution Channel 
        9.1.5 Market Forecast
    9.2    Italy
        9.2.1 Market Trends
        9.2.2 Market Breakup by Product Type
        9.2.3 Market Breakup by Demography
        9.2.4 Market Breakup by Distribution Channel 
        9.2.5 Market Forecast
    9.3    United Kingdom 
        9.3.1 Market Trends
        9.3.2 Market Breakup by Product Type
        9.3.3 Market Breakup by Demography
        9.3.4 Market Breakup by Distribution Channel 
        9.3.5 Market Forecast
    9.4    Germany
        9.4.1 Market Trends
        9.4.2 Market Breakup by Product Type
        9.4.3 Market Breakup by Demography
        9.4.4 Market Breakup by Distribution Channel 
        9.4.5 Market Forecast
    9.5    Russia
        9.5.1 Market Trends
        9.5.2 Market Breakup by Product Type
        9.5.3 Market Breakup by Demography
        9.5.4 Market Breakup by Distribution Channel 
        9.5.5 Market Forecast
    9.6    Spain
        9.6.1 Market Trends
        9.6.2 Market Breakup by Product Type
        9.6.3 Market Breakup by Demography
        9.6.4 Market Breakup by Distribution Channel 
        9.6.5 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Breakup by Product Type
        9.7.3 Market Breakup by Demography
        9.7.4 Market Breakup by Distribution Channel 
        9.7.5 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
         13.2.1 Fendi (LVMH Moët Hennessy Louis Vuitton)
         13.2.2 Vestiaire Collective
         13.2.3 Harrods Limited
         13.2.4 Cartier International (Compagnie Financière Richemont SA)
         13.2.5 Chrono24
         13.2.6 Collector Square
         13.2.7 Rewind Vintage Affairs
         13.2.8 Audemars Piguet
         13.2.9 Chronext AG

List of Figures

Figure 1: Europe: Secondhand Luxury Goods Market: Major Drivers and Challenges
Figure 2: Europe: Secondhand Luxury Goods Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Europe: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 4: Europe: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 5: Europe: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Europe: Secondhand Luxury Goods Market: Breakup by Country (in %), 2020
Figure 7: Europe: Secondhand Luxury Goods Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Europe: Secondhand Luxury Goods (Jewelry and Watches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Europe: Secondhand Luxury Goods (Jewelry and Watches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Europe: Secondhand Luxury Goods (Handbags) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Europe: Secondhand Luxury Goods (Handbags) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Europe: Secondhand Luxury Goods (Clothing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Europe: Secondhand Luxury Goods (Clothing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Europe: Secondhand Luxury Goods (Small Leather Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Europe: Secondhand Luxury Goods (Small Leather Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Europe: Secondhand Luxury Goods (Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Europe: Secondhand Luxury Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Europe: Secondhand Luxury Goods (Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Europe: Secondhand Luxury Goods (Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Europe: Secondhand Luxury Goods (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Europe: Secondhand Luxury Goods (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Europe: Secondhand Luxury Goods (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Europe: Secondhand Luxury Goods (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Europe: Secondhand Luxury Goods (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Europe: Secondhand Luxury Goods (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Europe: Secondhand Luxury Goods (Unisex) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Europe: Secondhand Luxury Goods (Unisex) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Europe: Secondhand Luxury Goods (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Europe: Secondhand Luxury Goods (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Europe: Secondhand Luxury Goods (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Europe: Secondhand Luxury Goods (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: France: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: France: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 34: France: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 35: France: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 36: France: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Italy: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Italy: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 39: Italy: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 40: Italy: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 41: Italy: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: United Kingdom: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: United Kingdom: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 44: United Kingdom: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 45: United Kingdom: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 46: United Kingdom: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Germany: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Germany: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 49: Germany: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 50: Germany: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 51: Germany: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Russia: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Russia: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 54: Russia: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 55: Russia: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 56: Russia: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Spain: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Spain: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 59: Spain: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020 
Figure 60: Spain: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 61: Spain: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Secondhand Luxury Goods Industry: SWOT Analysis
Figure 65: Europe: Secondhand Luxury Goods Industry: Value Chain Analysis
Figure 66: Europe: Secondhand Luxury Goods Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Europe: Secondhand Luxury Goods Market: Key Industry Highlights, 2020 and 2026
Table 2: Europe: Secondhand Luxury goods Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Europe: Secondhand Luxury Goods Market Forecast: Breakup by Demography (in Million US$), 2021-2026
Table 4: Europe: Secondhand Luxury Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: Europe: Secondhand Luxury Goods Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 6: Europe: Secondhand Luxury Goods Market: Competitive Structure
Table 7: Europe: Secondhand Luxury Goods Market: Key Players

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