PUBLISHER: QYResearch | PRODUCT CODE: 1856164
PUBLISHER: QYResearch | PRODUCT CODE: 1856164
The global market for Used Luxury Goods Selling Service was estimated to be worth US$ 2893 million in 2024 and is forecast to a readjusted size of US$ 6453 million by 2031 with a CAGR of 11.8% during the forecast period 2025-2031.
Used luxury goods sales services refer to the industry that provides consumers with high-quality, high-value luxury goods and services through the purchase and sale of second-hand luxury goods. These services usually include the identification, valuation, sale, recycling, consignment, maintenance, replacement and other links of second-hand luxury goods, aiming to meet consumers' diverse needs for luxury goods while providing affordable purchasing options.
Global Used Luxury Goods Selling Service includes The RealReal, The Outnet, FASHIONPHILE Group, Vestiaire Collective and SOU Inc, etc. Global top 3 companies hold a share over 33%. Americas is the largest market, with a share about 45%, followed by APAC and Europe with the share about 29% and 24%.
Used luxury goods sales service market drivers
Changes in consumer demand:
With economic development and the improvement of people's living standards, more and more people are pursuing luxury goods, but the high prices make new luxury goods exclusive to some people. Therefore, the emergence of second-hand luxury goods provides an affordable option for consumers who desire luxury goods but have limited budgets.
The younger generation of consumers has a strong interest in luxury brands and is more open to buying second-hand products, which further promotes the growth of the second-hand luxury goods market.
Environmental awareness and sustainable consumption concept:
With the improvement of environmental awareness and the popularization of sustainable consumption concepts, more and more consumers are beginning to pay attention to resource conservation and environmental protection. Buying second-hand luxury goods can reduce the demand for raw materials and the generation of waste, which is in line with the concept of environmental protection and sustainable development.
Price advantage:
Second-hand luxury goods have a significant price advantage over new luxury goods. Consumers can buy high-quality and unique luxury goods at a lower price, satisfying their pursuit of high-quality life.
Market standardization and trust improvement:
With the government's strengthening of supervision over the second-hand luxury goods market and the standardized development of the market, consumers' trust in second-hand luxury goods has gradually increased. At the same time, the establishment of professional appraisal institutions and certification systems also provides consumers with more reliable purchase guarantees.
Technological innovation and online shopping experience:
Technological progress has brought innovation to second-hand luxury goods sales services. For example, the use of advanced technology for authenticity authentication, improving online shopping experience and providing personalized services have promoted the development of the market. The rise of online platforms has also made it easier for consumers to browse and purchase second-hand luxury goods.
Brand official involvement and supply chain optimization:
With more luxury brands officially involved in the second-hand market, certified goods can make consumers feel more assured. At the same time, the cooperation between second-hand platforms and brands has also promoted the optimization of the supply chain and the improvement of overall operational efficiency.
Social media and KOL marketing:
Social media and opinion leaders (KOLs) have a great influence on purchasing behavior. Their promotion and sharing can quickly expand the visibility and influence of the second-hand luxury goods market and attract more potential consumers.
In summary, the growth of the second-hand luxury goods sales service market is driven by a variety of factors. In the future, with the continuous changes in consumer demand and the further development of the market, the second-hand luxury goods sales service market will continue to maintain a booming trend.
This report aims to provide a comprehensive presentation of the global market for Used Luxury Goods Selling Service, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Used Luxury Goods Selling Service by region & country, by Type, and by Sales Channel.
The Used Luxury Goods Selling Service market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Used Luxury Goods Selling Service.
Market Segmentation
By Company
Segment by Type
Segment by Sales Channel
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Used Luxury Goods Selling Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Sales Channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Used Luxury Goods Selling Service in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Used Luxury Goods Selling Service in country level. It provides sigmate data by Type, and by Sales Channel for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.