The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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).
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:
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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at