The revenue of the second-hand market for luxury goods, including watches, jewelry, apparel, footwear, leather goods and eyewear, was the highest in Asia, with an estimated value of about 3.97 billion U.S. dollars in 2023. According to Statista estimates, Europe followed Asia, with a market revenue worth 2.66 billion U.S. dollars for pre-owned luxury goods.
Estimated revenue of the second-hand luxury goods market in 2023, 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 goods market in 2023, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/
Statista. "Estimated revenue of the second-hand luxury goods market in 2023, by region (in million U.S. dollars)." Chart. October 1, 2023. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/
Statista. (2023). Estimated revenue of the second-hand luxury goods market in 2023, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/
Statista. "Estimated Revenue of The Second-hand Luxury Goods Market in 2023, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 1 Oct 2023, https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/
Statista, Estimated revenue of the second-hand luxury goods market in 2023, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/ (last visited November 02, 2024)
Estimated revenue of the second-hand luxury goods market in 2023, by region (in million U.S. dollars) [Graph], Statista, October 1, 2023. [Online]. Available: https://www.statista.com/statistics/1463783/secondhand-luxury-goods-revenue-by-region/
