Secondhand luxury leather goods - statistics & facts

Pre-owned leather goods: a second chance for those who want to bag one

With the widespread use and awareness of specialized online marketplaces for luxury goods such as Vestiaire Collective, MyTheresa, and Rebag, access to once elusive items has been democratized and made more attainable for larger audiences. With more true luxury consumers purchasing via online channels and secondhand shopping being viewed as a more sustainable option, the secondary market for leather bags are projected to continue on a steady growth trend, even surpassing luxury watches as the leading category in the overall secondhand luxury goods market.

Regional outlook and growth

Asia was the leading market for secondhand luxury leather bags. The region already has a strong hand when it comes to luxury consumption, but competition coming from other regional markets is fierce. Europe follows Asia closely, matching the 822.5 million U.S. dollars worth Asian market, with a revenue of 623 million U.S. dollars. Overall, the luxury leather goods market is expected to grow with a compound annual growth rate (CAGR) of 12.8 percent into 2028, reaching 3.8 billion U.S. dollars.