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The global secondhand luxury goods market was valued at US$ 28.3 Billion in 2021.
We expect the global secondhand luxury goods market to exhibit a CAGR of 9.4% during 2022-2027.
The increasing consumer preferences for high-end fashion accessories at lower prices, along with the
emerging trend of re-selling unwanted luxury goods, are currently driving the global secondhand
luxury goods market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing consumer inclination
towards several online retail platforms for providing a safe and reliable environment for the
customers to re-sell and buy luxury goods.
Based on the product type, the global secondhand luxury goods market can be bifurcated into
handbags, jewelry & watches, clothing, small leather goods, footwear, accessories, and others.
Currently, handbags exhibit clear dominance in the market.
Based on the demography, the global secondhand luxury goods market has been divided into
women, men, and unisex. Among these, women represent the largest market share.
Based on the distribution channel, the global secondhand luxury goods market can be segmented
into offline and online. Currently, offline channel accounts for the majority of total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global secondhand luxury goods market include Fashionphile Group
LLC., Fendi, Garderobe, Inseller, Luxepolis, Luxury Closet, Inc., So Chic Boutique, The Closet, The
RealReal Inc., Timepiece360, Vestiaire Collective, and Yoogi's Closet, Inc.
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