Main reasons to buy used luxury goods worldwide 2021

Published by
Tugba Sabanoglu,
May 12, 2022
According to a survey conducted in 2021, 41 percent of global consumers bought pre-owned luxury products because, this way, they can get hard-to-find products or items that are no longer newly available. Additionally, 40 percent purchased used luxury goods because it's more sustainable.

Leading reasons to purchase pre-owned luxury products worldwide as of 2021

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Release date

November 2021

Region

Worldwide

Survey time period

November 2021

Special properties

pre-owned sellers in North America, the European Union, and Asia

Supplementary notes

To the question: "Why do you occasionally buy pre-owned products instead of new products?"
The source does not specify the sample size.

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Topics

Second-hand luxury goods market worldwideGlobal personal luxury goods industryThe Kering GroupLuxury goods in EuropeM&A in the luxury goods sector
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