The revenue of the second-hand luxury goods market in Gulf Cooperation Council was estimated to be worth around 174 million U.S. dollars in 2023. According to Statista estimates, this market is set to see an increase, reaching over 250 million U.S. dollars by 2028. 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 Poshmark and Vestiaire Collective.
Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028
(in million U.S. dollars)
About methodology: the secondhand 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 secondhand 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 1, 2023). Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/
Statista. "Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars)." Chart. October 1, 2023. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/
Statista. (2023). Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/
Statista. "Estimated Revenue of The Second-hand Luxury Goods Market in Gulf Cooperation Council from 2014 to 2022, with a Forecast up to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Oct 2023, https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/
Statista, Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/ (last visited November 12, 2024)
Estimated revenue of the second-hand luxury goods market in Gulf Cooperation Council from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars) [Graph], Statista, October 1, 2023. [Online]. Available: https://www.statista.com/statistics/1458381/secondhand-luxury-market-revenue-gcc/
