United States 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.

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

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:

Women
Men
Unisex

Breakup by Distribution Channel:

Offline
Online

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?