Global Luxury Resale Market Research Report 2025-2030

The global luxury resale market is expected to grow at a CAGR of 7.48% from 2024 to 2030.

IMPACT OF TARIFF

• Currently, the world is witnessing the emergence of a global trade war, sparked by the U.S.'s imposition of tariffs on a growing list of countries. On April 2, 2025, the U.S. President, Donald Trump, introduced new tariffs, referred to as reciprocal tariffs, on imports from approx. 90 countries. The move aims to address the U.S.'s trade deficit with countries from China to the EU.
• The U.S. government has introduced a 90-day pause on the reciprocal tariffs. Therefore, the general tariff rate was reduced to 10% for most countries. The significant exception remains China, which faced 245% tariffs on most of its exports to the United States.
• New tariffs on imported luxury goods, mainly from China, increase retail prices for high-end fashion, handbags, and watches. While this can drive price-conscious consumers toward pre-owned alternatives, volatility in import regulations and pricing can also create uncertainty, making it tougher for resale platforms to predict demand and inventory costs.
• The U.S. is the most impacted market, as most of the raw materials are being imported from China. Similarly, in APAC, materials imported from China can lead to increased costs for consumers, leading to less demand and impacting the Chinese export sector. Europe will have a low impact as it is less exposed to tariffs as compared to the United States. Whereas there will be indirect price fluctuations. Latin America, the Middle East & Africa have a lower tariff impact than other regions.

LUXURY RESALE MARKET TRENDS

• Consumers are becoming increasingly selective, shifting their focus from well-known premium brands to distinctive, rare items that reflect personal identity and a sense of exclusivity. They are drawn to hard-to-find pieces that offer uniqueness and elevate their style. This trend is largely driven by the desire for self-expression and the appeal of owning products that are either limited-edition or no longer produced.
• Strategic collaboration between resale platforms and luxury fashion brands is a significant trend gaining traction in the global luxury resale market. Collaborations now enable brands to maintain greater control over resale pricing, authentication standards, and customer experience.
• In 2023, ThredUP and Luxury Handbag Reseller Rebag entered into a partnership, where Rebag customers can resell gently-worn items on ThredUP for Rebag shopping credit, and ThredUP customers can shop select Rebag inventory directly on ThredUP. By partnering with ThredUP, Rebag expanded the types of items its customers can send.
• Technological advancements are one of the significant trends transforming the luxury resale market with the integration of technologies such as AI, automation, blockchain, and data analytics into luxury resale platforms to improve operational efficiency, authenticity, and personalization. Technological innovations enhance the shopping experience and build customer trust in the market.

LUXURY RESALE MARKET GROWTH DRIVERS

• Millennials and Gen Z consumer groups continue to emerge as the most influential groups in the global luxury resale market. Their demand for accessible, sustainable, and authentic fashion fosters resale platforms to innovate and expand.
• The luxury resale market continues to experience a significant shift toward sustainability, driven by evolving consumer preferences, economic factors, and industry innovations. Sustainability is becoming a more important consideration for customers as it reduces their influence on the environment; most consumers prefer to purchase used goods.
• Platforms such as The RealReal, Vestiaire Collective, and Rebag have helped make luxury more accessible by selling second-hand designer goods at substantially reduced prices. This cost-effectiveness strongly appeals to Millennials and Gen Z consumers, who value quality and brand prestige but may not have the budget to purchase luxury goods at full retail prices.
• The growth of e-commerce and online resale platforms is one of the most influential drivers transforming the global luxury resale market. The digital transformation of retail has made it easier for consumers to browse, buy, and sell second-hand luxury goods from the comfort of their homes.

INDUSTRY RESTRAINTS

The growing concerns related to authenticity and counterfeit products are one of the major restraints to the global luxury resale market. The circulation of counterfeit goods can undermine consumer trust and damage the credibility of luxury resale platforms. To address this issue, the luxury resale market is increasingly implementing technological innovations to support experts in identifying counterfeit products. Companies like The Real Real and Vestaire Collective continue to leverage the potential of AI-driven tools and blockchain technology to enhance the accuracy and reliability of authenticating pre-owned luxury items. This adoption aims to enhance trust and improve the overall verification process within the secondhand market.

The luxury resale market has become increasingly crowded, with numerous platforms such as The RealReal, Vestiaire Collective, Farfetch, Rebag, and general e-commerce giants entering the space. This saturation makes it difficult for newer or smaller players to gain visibility and customer loyalty.

LUXURY RESALE MARKET SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE

By product type, the handbags segment is expected to be the largest in the global luxury resale market with a market share of more than 40% in 2024. The market is driven by growing consumer interest in sustainability and value for money. Limited-edition pieces or those handbags produced in small quantities often carry higher resale prices in the secondary market due to their exclusivity. Handbags created through special collaborations or featuring distinct design elements are mainly desirable among collectors and fashion enthusiasts.

The clothing industry continues to experience significant growth in the luxury resale market, propelled by an increasing awareness of sustainability and a shift in consumer preferences. At present, consumers are increasingly conscious about their environmental footprint and are seeking sustainable fashion alternatives to fast-moving trends. Buying pre-owned luxury clothing helps in reducing textile waste, extending product life cycles, and supporting a circular economy.

The luxury resale market for designer shoes continues to grow significantly, and is largely driven by the increasing consumer shift toward sustainable fashion choices. The consumers at present, mainly younger generations, continue to present a stronger preference for pre-owned luxury shoes over brand-new purchases. This growing consumer belief benefits both buyers and sellers by gaining access to premium brands at reduced prices.

INSIGHTS BY GENDER

By gender, the female segment remains the dominant revenue contributor in the global luxury resale market in 2024, supported by sustained demand for high-value fashion items such as handbags, footwear, jewelry, and designer apparel. The female segment is significantly moving toward the pre-owned luxury market as an affordable way to access premium brands such as Hermes, Chanel, Gucci, and Louis Vuitton. Many women desire to own iconic pieces but prefer to do so without paying full retail prices. Platforms such as The RealReal and Vestiaire Collective have made luxury items more affordable and accessible to a broader female demographic.

Male consumers are increasingly drawn to the luxury resale market due to a strong interest in collectible items, mainly watches, sneakers, and leather goods. Their buying decisions are often influenced by appreciation for craftsmanship, engineering, and brand legacy. For example, in 2024, the resale market for luxury watches, featuring brands like Rolex, Patek Philippe, and Audemars Piguet, was primarily driven by male buyers, who accounted for a significant share of transactions.

INSIGHTS BY DISTRIBUTION CHANNEL

Online resale platforms represent the dominant distribution channel in the global luxury resale market, driven by their convenience, broad reach, and scalable business models. Marketplaces such as The RealReal, Vestiaire Collective, Rebag, Fashionphile, and eBay specialize in authenticating, listing, and shipping pre-owned luxury goods, including handbags, watches, jewelry, footwear, and apparel.

Online luxury resale platforms provide a smooth experience for buyers and sellers alike. Consumers can browse several authenticated items from global sellers, compare prices, and shop comfortably from their homes. This ease of access, along with mobile-friendly apps and personalized recommendations, continues to encourage more people to explore pre-owned luxury online. Furthermore, the offline distribution channel segment is expected to witness an incremental growth of USD 5.31 billion during the forecast period. Factors, including broader reach in those areas that lack better connectivity, and the high consumer trust associated with personally experiencing the quality of products, are driving the growth of this segment in the luxury resale market.

LUXURY RESALE MARKET GEOGRAPHICAL ANALYSIS

Europe leads the global luxury resale market, with countries like France, Italy, and the UK being the key hubs, supported by a strong culture of vintage appreciation. The European region held a significant share of around 41% of the global market in 2024. Platforms such as Vestiaire Collective have capitalized on this shift, offering trusted resale experiences. Growing environmental awareness and circular fashion values are key motivators for consumers.

North America is one of the largest and most developed luxury resale markets, driven by growing demand for sustainable and accessible high-end fashion. Leading platforms such as The RealReal, Fashionphile, and Rebag have created mainstream resale experiences both online and in-store. Brand partnerships and resale-as-a-service models are reshaping the industry. Moreover, urban centers in the U.S. and Canada, including New York, Los Angeles, Toronto, and Vancouver, serve as high-demand hubs for luxury resale due to greater exposure to fashion trends, higher concentrations of luxury consumers, and advanced logistics infrastructure are support the regions' luxury resale market growth. The luxury resale market in the United States was valued at USD 8.65 billion in 2024 and is expected to reach USD 13.04 billion by 2030, growing at a CAGR of 7.07% during the forecast period.

The luxury resale market in APAC is growing significantly, driven by younger consumers, mainly Gen Z and millennials. Countries like China, Japan, South Korea, and India continue to experience growing demand for pre-owned luxury, propelled by digital platforms, live-streaming commerce, and social media. Also, social media has emerged as a major influence on consumer behavior in APAC. Platforms like TikTok and Instagram have popularized second-hand shopping through influencer-led fashion content.

The Latin American luxury resale market is gaining traction, with Brazil at the forefront. Internet accessibility is crucial in expanding reach and adoption. Consumers are embracing resale for affordability and sustainability amid rising costs of new luxury. Younger generations continue to drive demand through digital platforms.

The luxury resale market in the Middle East is growing, with the UAE and Saudi Arabia leading demand for pre-owned luxury goods. Consumers are looking for smart, sustainable ways to access premium fashion amid growing environmental awareness. Popular brands such as Chanel and Hermes are increasingly preferred in resale markets.

LUXURY RESALE MARKET SHARE & VENDOR INSIGHTS

The global luxury resale market is fragmented with numerous players, including large global platforms such as The RealReal, Vestiaire Collective, Farfetch, Fashionphile, and Rebag, as well as numerous regional and niche players focusing on certain product categories, such as watches, handbags, or apparel, or geographic markets. Furthermore, online platforms dominate by leveraging technology to address the major consumer concerns, including authenticity and trust. Companies like The RealReal and Vestiaire Collective use AI-driven tools and expert authentication teams to ensure product legitimacy, which is significant in the luxury segment.

Strategic collaborations in the luxury resale market between resale platforms and luxury brands have become increasingly common. Brands such as Gucci and Balenciaga have entered the resale space through partnerships or in-house resale initiatives to maintain control over their brand image and promote circularity. Also, technological advancements continue to reshape competition. Several players are incorporating AR for virtual try-ons, blockchain for product authentication, and data analytics for personalized recommendations.

Key Company Profiles

• eBay
• Farfetch
• Fashionphile
• Rebag
• The RealReal
• ThreadUp
• Vestiaire Collective

Other Prominent Company Profiles

• 1stDibs
• Chrono24
• Collector Square
• Depop
• Hardly Ever Worn It
• Heritage Auctions
• LePrix
• Luxepolis Retail Services
• Mercari
• Most Wanted Luxury Resale
• NET-A-PORTER
• Poshmark
• Reloved Luxury
• StockX
• The Luxury Closet
• Vinted
• VSP Consignment
• WGACA
• Yoogi's Closet
• Ziniosa

SEGMENTATION & FORECASTS

Segmentation by Product Type

• Handbags
• Clothing
• Shoes
• Watches
• Small Leather Goods
• Jewelry
• Accessories

Segmentation by Gender

• Female
• Male

Segmentation by Distribution Channel

• Online
• Offline

Segmentation by Geography

• Europe
  • France
  • Italy
  • UK
  • Germany
  • Spain
  • Netherlands
  • Switzerland
• North America
  • The U.S.
  • Canada
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Singapore
  • Thailand
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
• Latin America
  • Brazil
  • Mexico
  • Argentina

KEY QUESTIONS ANSWERED:

1. How big is the global luxury resale market?

2. What is the growth rate of the global luxury resale market?

3. Which region dominates the global luxury resale market share?

4. What are the significant trends in the luxury resale market?

5. Who are the key players in the global luxury resale market?