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United States Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview

The United States secondhand luxury goods market size reached US$ 6,369.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 10,420.8 Million by 2027, exhibiting a growth rate (CAGR) of 9.1% during 2022-2027.

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. 

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 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:

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Demography, Distribution Channel, Region
Region Covered  Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

 

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$), 2016-2021
Figure 3: United States: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: Secondhand Luxury Goods Market: Breakup by Product Type (in %), 2021
Figure 5: United States: Secondhand Luxury Goods Market: Breakup by Demography (in %), 2021
Figure 6: United States: Secondhand Luxury Goods Market: Breakup by Distribution Channel (in %), 2021
Figure 7: United States: Secondhand Luxury Goods Market: Breakup by Region (in %), 2021
Figure 8: United States: Secondhand Luxury Goods (Handbags) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: United States: Secondhand Luxury Goods (Handbags) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: United States: Secondhand Luxury Goods (Jewelry & Watches) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: United States: Secondhand Luxury Goods (Jewelry & Watches) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: United States: Secondhand Luxury Goods (Clothing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: United States: Secondhand Luxury Goods (Clothing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: United States: Secondhand Luxury Goods (Small Leather Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: United States: Secondhand Luxury Goods (Small Leather Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: United States: Secondhand Luxury Goods (Footwear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: United States: Secondhand Luxury Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: United States: Secondhand Luxury Goods (Accessories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: United States: Secondhand Luxury Goods (Accessories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: United States: Secondhand Luxury Goods (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: United States: Secondhand Luxury Goods (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: Secondhand Luxury Goods (Women) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: Secondhand Luxury Goods (Women) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Secondhand Luxury Goods (Men) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Secondhand Luxury Goods (Men) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Secondhand Luxury Goods (Unisex) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Secondhand Luxury Goods (Unisex) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Secondhand Luxury Goods (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Secondhand Luxury Goods (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Secondhand Luxury Goods (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Secondhand Luxury Goods (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Northeast: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Northeast: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Midwest: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Midwest: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: West: Secondhand Luxury Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: West: Secondhand Luxury Goods Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: United States: Secondhand Luxury Goods Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: United States: Secondhand Luxury Goods Market Forecast: Breakup by Demography (in Million US$), 2022-2027
Table 4: United States: Secondhand Luxury Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: United States: Secondhand Luxury Goods Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: United States: Secondhand Luxury Goods Market: Competitive Structure
Table 7: United States: Secondhand Luxury Goods Market: Key Players


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