Europe Secondhand Luxury Goods Market Report 2023: Sector to Reach $26.5 Billion by 2028 at a CAGR of 8.11%
DUBLIN, Feb. 10, 2023 /PRNewswire/ — The “Europe Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The Europe secondhand luxury goods market size reached US$ 16.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 26.5 Billion by 2028, exhibiting a CAGR of 8.11% during 2022-2028.
- Fendi (LVMH Moet Hennessy Louis Vuitton)
- Vestiaire Collective
- Harrods Limited
- Cartier International (Compagnie Financiere Richemont SA)
- Collector Square
- Rewind Vintage Affairs
- Audemars Piguet
- Chronext AG
Secondhand luxury goods refer to high-end and premium items that are purchased by the second user. These items commonly include antique furniture, jewelry, artworks, luxury footwear and apparel, bags, watches, etc. Secondhand luxury goods are usually durable with an extended warranty period that makes them suitable for the resale market.
In Europe, secondhand luxury goods are generally sold at auctions, charity events, bazaar-style fundraisers, privately-owned consignment shops, online retail channels, etc.
The wide presence of numerous luxury retail brands ranging from fashion apparel to cosmetics is primarily driving the market growth in Europe. The growing demand for high-end clothing, accessories, footwear, etc., at affordable prices, is further propelling the market for secondhand luxury goods in Europe.
Additionally, the rising popularity of limited capsule collections and fashion drops have also created scarcity for luxury items, which in turn is bolstering the demand for secondhand luxury goods.
Apart from this, the changing socio-economic culture across the European countries coupled with the diminishing stigma on using pre-owned goods is also augmenting the market growth. Moreover, the growing number of online re-selling platforms is further fueling the demand for secondhand luxury goods.
These platforms are entering into strategic partnerships and alliances with luxury brands for improving the reputation of secondhand products, thereby propelling the market growth in Europe.
Additionally, the emergence of numerous advanced technologies for enhanced authentication procedures and quality checks has provided a safe and reliable environment for the customers to re-sell and buy secondhand luxury goods.
Key Questions Answered in This Report:
- How has the Europe 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 Europe 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 Europe secondhand luxury goods market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Europe 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 Jewelry and Watches
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
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
6.5.1 Market Trends
6.5.2 Market Forecast
6.6.1 Market Trends
6.6.2 Market Forecast
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Demography
7.1.1 Market Trends
7.1.2 Market Forecast
7.2.1 Market Trends
7.2.2 Market Forecast
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Country
10 SWOT Analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/90dne-secondhand?w=5
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Originally published at https://www.prnewswire.com/news-releases/europe-secondhand-luxury-goods-market-report-2023-sector-to-reach-26-5-billion-by-2028-at-a-cagr-of-8-11-301743738.html
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The post Europe Secondhand Luxury Goods Market Report 2023: Sector to Reach $26.5 Billion by 2028 at a CAGR of 8.11% first appeared on TREND MAG.
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