Global second-hand luxury goods market was estimated to grow by nine percent in 2023. This market saw its steepest growth during the pandemic year of 2020 at 17 percent. According to Statista estimates, second-hand luxury goods market is expected to grow with a steady rate of three percent annually between 2023 and 2028. The second-hand luxury market comprises of apparel, footwear, leather goods, jewelry, watches, and eyewear purchased via platforms for second-hand luxury goods.
Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028
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 off 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 1, 2023). Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/
Statista. "Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028." Chart. October 1, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/
Statista. (2023). Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/
Statista. "Annual Growth Rate of Second-hand Luxury Goods Market from 2015 to 2022, with a Forecast up to 2028." Statista, Statista Inc., 1 Oct 2023, https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/
Statista, Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028 Statista, https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/ (last visited November 23, 2024)
Annual growth rate of second-hand luxury goods market from 2015 to 2022, with a forecast up to 2028 [Graph], Statista, October 1, 2023. [Online]. Available: https://www.statista.com/statistics/1316124/secondhand-luxury-goods-market-growth-rate-forecast/
