Market Overview
The GCC secondhand luxury goods market is currently witnessing strong growth. Secondhand luxury goods, also known as pre-owned luxury goods, refer to premium products purchased by the second or later end user. The prices of these goods are significantly lower than the original product, due to which they attract a larger section of society. Individuals generally sell and buy used high-end products through auctions, bazaar-style fundraisers, charity events or privately-owned consignment shops.
The GCC secondhand luxury goods market is primarily driven by the rising penetration of western trends, particularly in the urbanized parts of the region. The diminishing stigma regarding the use of preowned goods, coupled with the improving trade conditions with the European countries, is also propelling the market growth. Besides this, several companies engaged in the manufacturing of luxury products have started dealing in secondhand luxury goods to maintain the unique identity of their brand and cater to the needs of the consumers. Moreover, the expanding retail sector, rising living standards and growing disposable incomes of the consumers are some of the other factors that have significantly increased the product demand. On account of these factors, the market is expected to witness moderate 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 GCC 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
- Others
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
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 GCC 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 GCC 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 GCC 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 GCC 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 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 Country
9.1 Saudi Arabia
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 UAE
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 Qatar
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 Oman
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 Kuwait
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Bahrain
9.6.1 Market Trends
9.6.2 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 Porters 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 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: GCC: Secondhand Luxury Goods Market: Major Drivers and Challenges
Figure 2: GCC: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015-2020
Figure 3: GCC: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: GCC: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 5: GCC: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 6: GCC: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 7: GCC: Secondhand Luxury Goods Market: Breakup by Country (in %), 2020
Figure 8: GCC: Secondhand Luxury Goods (Handbags) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: GCC: Secondhand Luxury Goods (Handbags) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: GCC: Secondhand Luxury Goods (Jewelry & Watches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: GCC: Secondhand Luxury Goods (Jewelry & Watches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: GCC: Secondhand Luxury Goods (Clothing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: GCC: Secondhand Luxury Goods (Clothing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: GCC: Secondhand Luxury Goods (Small Leather Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: GCC: Secondhand Luxury Goods (Small Leather Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: GCC: Secondhand Luxury Goods (Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: GCC: Secondhand Luxury Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: GCC: Secondhand Luxury Goods (Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: GCC: Secondhand Luxury Goods (Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: GCC: Secondhand Luxury Goods (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: GCC: Secondhand Luxury Goods (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: GCC: Secondhand Luxury Goods (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: GCC: Secondhand Luxury Goods (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: GCC: Secondhand Luxury Goods (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: GCC: Secondhand Luxury Goods (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: GCC: Secondhand Luxury Goods (Unisex) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: GCC: Secondhand Luxury Goods (Unisex) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: GCC: Secondhand Luxury Goods (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: GCC: Secondhand Luxury Goods (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: GCC: Secondhand Luxury Goods (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: GCC: Secondhand Luxury Goods (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Saudi Arabia: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Saudi Arabia: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 34: Saudi Arabia: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 35: Saudi Arabia: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 36: Saudi Arabia: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: UAE: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: UAE: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 39: UAE: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 40: UAE: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 41: UAE: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Qatar: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Qatar: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 44: Qatar: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 45: Qatar: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 46: Qatar: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Oman: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Oman: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 49: Oman: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 50: Oman: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 51: Oman: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Kuwait: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Kuwait: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Bahrain: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Bahrain: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: GCC: Secondhand Luxury Goods Industry: SWOT Analysis
Figure 57: GCC: Secondhand Luxury Goods Industry: Value Chain Analysis
Figure 58: GCC: Secondhand Luxury Goods Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Secondhand Luxury Goods Market: Key Industry Highlights, 2020 and 2026
Table 2: GCC: Secondhand Luxury Goods Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: GCC: Secondhand Luxury Goods Market Forecast: Breakup by Demography (in Million US$), 2021-2026
Table 4: GCC: Secondhand Luxury Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: GCC: Secondhand Luxury Goods Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 6: GCC: Secondhand Luxury Goods Market: Competitive Structure
Table 7: GCC: Secondhand Luxury Goods Market: Key Players