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The India secondhand luxury goods market is expected to exhibit a CAGR of 12.18% during 2022-2027. 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 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India secondhand luxury goods market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, demography and distribution channel.
Breakup by Product Type:
Breakup by Demography:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Demography, Distribution Channel, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|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)|
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