Market Overview
The United States secondhand luxury goods market is currently witnessing strong growth. Secondhand luxury goods are high-end and premium items purchased, and used by second or later end users. Some of the most common secondhand goods sold include antique furniture, artwork, apparel, footwear, as well as fashion accessories like bags and watches. These goods are suitable for reselling due to their durability and the extended warranty period that provides an economic value to the sellers. They also minimize the dependence on high-quality raw materials which are used to manufacture new products, thereby reducing the production of waste materials generated in the process.
The United States secondhand luxury goods market is primarily driven by the rising sales of preowned luxury items at various charity events, fundraisers, auctions, and privately-owned consignment shops. Besides this, several sales platforms are emphasizing on advanced authentication procedures and quality checks for offering a safe and reliable environment to their customers to resell and purchase preowned luxury goods. Apart from this, the easy accessibility of secondhand items, growing concerns regarding decreasing landfill space and diminishing stigma attached to the use of pre-owned luxury goods are some of the other factors contributing to the market growth. On account of these factors, the market is expected to exhibit moderate 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 United States 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:
- Northeast
- Midwest
- South
- West
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 United States 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 United States 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 United States 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 United States 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 Northeast
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Midwest
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 South
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 West
9.4.1 Market Trends
9.4.2 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: United States: Secondhand Luxury Goods Market: Major Drivers and Challenges
Figure 2: United States: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015-2020
Figure 3: United States: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2020
Figure 5: United States: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2020
Figure 6: United States: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2020
Figure 7: United States: Secondhand Luxury Goods Market: Breakup by Region (in %), 2020
Figure 8: United States: Secondhand Luxury Goods (Handbags) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: United States: Secondhand Luxury Goods (Handbags) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: United States: Secondhand Luxury Goods (Jewelry & Watches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: United States: Secondhand Luxury Goods (Jewelry & Watches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: United States: Secondhand Luxury Goods (Clothing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: United States: Secondhand Luxury Goods (Clothing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: United States: Secondhand Luxury Goods (Small Leather Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: United States: Secondhand Luxury Goods (Small Leather Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: United States: Secondhand Luxury Goods (Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: United States: Secondhand Luxury Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: United States: Secondhand Luxury Goods (Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: United States: Secondhand Luxury Goods (Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: United States: Secondhand Luxury Goods (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: United States: Secondhand Luxury Goods (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: United States: Secondhand Luxury Goods (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: United States: Secondhand Luxury Goods (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: United States: Secondhand Luxury Goods (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: United States: Secondhand Luxury Goods (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: United States: Secondhand Luxury Goods (Unisex) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: United States: Secondhand Luxury Goods (Unisex) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Secondhand Luxury Goods (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Secondhand Luxury Goods (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Secondhand Luxury Goods (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Secondhand Luxury Goods (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Northeast: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Northeast: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Midwest: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Midwest: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: South: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: South: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: West: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: West: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Secondhand Luxury Goods Industry: SWOT Analysis
Figure 41: United States: Secondhand Luxury Goods Industry: Value Chain Analysis
Figure 42: United States: Secondhand Luxury Goods Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Secondhand Luxury Goods Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Secondhand Luxury Goods Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: United States: Secondhand Luxury Goods Market Forecast: Breakup by Demography (in Million US$), 2021-2026
Table 4: United States: Secondhand Luxury Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: United States: Secondhand Luxury Goods Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: United States: Secondhand Luxury Goods Market: Competitive Structure
Table 7: United States: Secondhand Luxury Goods Market: Key Players