Market Overview
The India secondhand luxury goods market is currently witnessing strong growth. Secondhand luxury goods are high-end and premium products purchased by the second and later end users. These goods include antique furniture, footwear, apparel, artwork, jewelry and fashion accessories like bags and watches. They also provide an extended warranty period and offer economic benefits to the seller as they can be resold instead of being discarded. They also help reduce carbon footprints and minimize the dependence on raw materials while lowering waste production levels.
The India secondhand luxury goods market is primarily driven by the growing influence of western fashion trends, improving living standards and rising disposable incomes of the consumers. Besides this, with the rising environmental concerns, individuals are shifting toward secondhand luxury products, which decrease the volume of waste sent to landfills. Apart from this, the growing adoption of high-end fashion accessories and clothing due to the rising accessibility and affordability is also catalyzing the market growth. Furthermore, the introduction of various international e-commerce platforms that offer overseas delivery options has increased the sales of pre-owned 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 India 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 Region:
- North India
- West and Central India
- South India
- East India
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 India 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 India 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 India 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 India 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 Others
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 North India
9.1.1 Market Trends
9.1.2 Market Breakup by State
9.1.3 Market Forecast
9.2 West and Central India
9.2.1 Market Trends
9.2.2 Market Breakup by State
9.2.3 Market Forecast
9.3 South India
9.3.1 Market Trends
9.3.2 Market Breakup by State
9.3.3 Market Forecast
9.4 East India
9.4.1 Market Trends
9.4.2 Market Breakup by State
9.4.3 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: India: Secondhand Luxury Goods Market: Major Drivers and Challenges
Figure 2: India: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015-2020
Figure 3: India: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: India: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 5: India: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 6: India: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 7: India: Secondhand Luxury Goods Market: Breakup by Region (in %), 2020
Figure 8: India: Secondhand Luxury Goods (Handbags) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: India: Secondhand Luxury Goods (Handbags) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: India: Secondhand Luxury Goods (Jewelry & Watches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: India: Secondhand Luxury Goods (Jewelry & Watches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: India: Secondhand Luxury Goods (Clothing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: India: Secondhand Luxury Goods (Clothing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: India: Secondhand Luxury Goods (Small Leather Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: India: Secondhand Luxury Goods (Small Leather Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: India: Secondhand Luxury Goods (Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: India: Secondhand Luxury Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: India: Secondhand Luxury Goods (Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: India: Secondhand Luxury Goods (Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: India: Secondhand Luxury Goods (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: India: Secondhand Luxury Goods (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: India: Secondhand Luxury Goods (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: India: Secondhand Luxury Goods (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: India: Secondhand Luxury Goods (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: India: Secondhand Luxury Goods (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: India: Secondhand Luxury Goods (Unisex) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: India: Secondhand Luxury Goods (Unisex) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: India: Secondhand Luxury Goods (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: India: Secondhand Luxury Goods (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: India: Secondhand Luxury Goods (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: India: Secondhand Luxury Goods (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North India: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North India: Secondhand Luxury Goods Market: Breakup by State (in %), 2020
Figure 34: North India: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: West and Central India: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: West and Central India: Secondhand Luxury Goods Market: Breakup by State (in %), 2020
Figure 37: West and Central India: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South India: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South India: Secondhand Luxury Goods Market: Breakup by State (in %), 2020
Figure 40: South India: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: East India: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: East India: Secondhand Luxury Goods Market: Breakup by State (in %), 2020
Figure 43: East India: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Secondhand Luxury Goods Industry: SWOT Analysis
Figure 45: India: Secondhand Luxury Goods Industry: Value Chain Analysis
Figure 46: India: Secondhand Luxury Goods Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Secondhand Luxury Goods Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Secondhand Luxury Goods Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: India: Secondhand Luxury Goods Market Forecast: Breakup by Demography (in Million US$), 2021-2026
Table 4: India: Secondhand Luxury Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: India: Secondhand Luxury Goods Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: India: Secondhand Luxury Goods Market: Competitive Structure
Table 7: India: Secondhand Luxury Goods Market: Key Players