The revenue of the second-hand market for luxury watches was the highest in Asia, with an estimated value of about 1.14 billion U.S. dollars in 2022. According to Statista estimates, Europe followed Asia, with a market revenue worth 415 million U.S. dollars for pre-owned luxury watches.
Estimated revenue of the second-hand luxury watch market in 2022, by region
(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 watch market in 2022, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/
Statista. "Estimated revenue of the second-hand luxury watch market in 2022, by region (in million U.S. dollars)." Chart. October 1, 2023. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/
Statista. (2023). Estimated revenue of the second-hand luxury watch market in 2022, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/
Statista. "Estimated Revenue of The Second-hand Luxury Watch Market in 2022, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 1 Oct 2023, https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/
Statista, Estimated revenue of the second-hand luxury watch market in 2022, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/ (last visited December 04, 2024)
Estimated revenue of the second-hand luxury watch market in 2022, by region (in million U.S. dollars) [Graph], Statista, October 1, 2023. [Online]. Available: https://www.statista.com/statistics/1459184/secondhand-luxury-watch-revenue-by-region/
