Market Research Report
Global Second Hand Luxury Goods Market - Analysis By Product Type (Apparel, Watches, Jewellery, Bags, Footwear, Accessories), By Sales Channel, By Region, By Country: Opportunities and Forecast (2018-2024)
|Published by||Azoth Analytics||Product code||915113|
|Published||Content info||148 Pages
Delivery time: 2-3 business days
|Global Second Hand Luxury Goods Market - Analysis By Product Type (Apparel, Watches, Jewellery, Bags, Footwear, Accessories), By Sales Channel, By Region, By Country: Opportunities and Forecast (2018-2024)|
|Published: October 31, 2019||Content info: 148 Pages||
The Global Second Hand Luxury Goods Market was valued at USD 261.2 billion the year 2018. Global Second Hand Luxury Goods market is expected to grow due to a number of factors that includes instance rapid urbanization in emerging economies, growing demand for Luxury goods among the consumers in developing region and rising demand from working women population. In addition, ever growing urban and working population with rising income and increasing penetration of Luxury Goods is fueling the second hand Luxury Goods market.
Global Second Hand Luxury Goods Market is primarily driven by growing urbanization and rising demand for Luxury Goods among young working population in developing countries. Further, the market is supported by revival in economic conditions in developed countries such as U.S., Japan and U.K., supported by growth in net disposable income in developing countries such as, India, China, etc.
Among the regions, Asia Pacific region holds the largest market of second hand luxury goods and is estimated that it will continue to dominant the market share in forecasted period. Moreover, APAC region will also to grow with highest growth rate among the regions.
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