The revenue of the worldwide second-hand luxury goods market was estimated to be worth 7.1 billion U.S. dollars in 2022. According to Statista estimates, this market is set to see a steep increase, reaching over 10 billion U.S. dollars in 2023. The second-hand luxury market comprises of apparel, footwear, leather goods, jewelry, watches, and eyewear purchased via platforms for second hand luxury goods, such as Vestiaire Collective.
Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028
(in million U.S. dollars)
About methodology: the second-hand luxury good market is defined as luxury products of the leading luxury goods brands in the apparel, footwear, leather goods, jewelry, watches, and eyewear segment purchased via second-hand channels. Premium products and fragrances are not included in the model. Revenue estimates and forecasts were based on Statista’s primary research (Global Consumer Survey) and other primary data from the Statista platform as well as third-party data sources in the luxury goods market.
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Statista. (October 7, 2023). Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/
Statista. "Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars)." Chart. October 7, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/
Statista. (2023). Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/
Statista. "Estimated Revenue of The Second-hand Luxury Goods Market Worldwide from 2014 to 2022, with a Forecast up to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 7 Oct 2023, https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/
Statista, Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/ (last visited December 19, 2024)
Estimated revenue of the second-hand luxury goods market worldwide from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph], Statista, October 7, 2023. [Online]. Available: https://www.statista.com/statistics/1315892/secondhand-luxury-market-revenue/
