India 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.

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

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:

Women
Men
Unisex

Breakup by Distribution Channel:

Offline
Online

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?