Market Overview
The luxury secondhand platform market is expected to grow at a CAGR of 8.5% over the forecast period, owing to the growth of the white-label channel and increasing demand for quality products.The luxury secondhand market is growing rapidly due to the increasing demand for unique and rare items.
Some of the key drivers of the luxury secondhand platform market include:
• Increasing demand for luxury goods and services: The increasing trend of consumption lifestyle among people has led to an increase in the demand for luxury items. Luxury buyers who are looking for unique products and services find secondhand platforms convenient because they can get access to brands that they would not ordinarily be able to afford. Moreover, the growing middle-class population in developing countries is also fueling the growth of the luxury secondhand platform market.
• Growing trend of online shopping: The growing popularity of online shopping has led to an increase in the demand for luxury secondhand items. In addition, many people prefer using online platforms as they believe that it is more convenient than going through brick-and-mortar stores. Thus, the availability of online platforms that offer luxury secondhand items is contributing to the growth of the market.
• Increased awareness about environmental concerns: Many people nowadays have begun to appreciate eco-friendly practices and are therefore more likely to buy used or recycled products. As a result, there has been an increase in the demand for eco-friendly products.
Opportunities in the Luxury Secondhand Platform Market
The global luxury secondhand market is expected to reach USD 9.4 billion by 2021, according to a study report by Grand View Research, Inc. The growth of the luxury secondhand market is attributed to increasing affordability and shifting preferences among consumers.
There are several opportunities in the global luxury secondhand market. One opportunity is the development of mobile app platforms that allow buyers and sellers to connect directly. Another opportunity is the growth of online marketplaces that offer an extensive range of products and services related to luxury goods. These platforms can be used by both buyers and sellers to explore available options and make transactions.
Another opportunity in the global luxury secondhand market is the expansion of premium reseller shops. These resellerships offer high-end brands at discounted prices, making them an attractive option for consumers who want to purchase prestige brands at lower costs. Additionally, these resellerships can help drive demand for luxury goods and increase their scarcity value.
In order to capitalize on these opportunities, businesses interested in participating in the global luxury secondhand market need to develop comprehensive strategies that address various aspects of the marketplace such as product sourcing, marketing, sales, and customer service.
Report Includes
An overview of the global Luxury Secondhand Platform market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2023, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Luxury Secondhand Platform market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Luxury Secondhand Platform market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Luxury Secondhand Platform market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market which derives the market trends, changing phase of investments, and the scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis
The global Luxury Secondhand Platform market is segmented on the basis of Type, Application, and Region.
Global Luxury Secondhand Platform Market Competitive Analysis:
Key players in the Global Luxury Secondhand Platform market are Vinted, Depop, The RealReal, Re-Fashion, Still White, ThredUp, Poshmark, Encore Clothing, Re-SEE,The Fifth Collection other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Luxury Secondhand Platform market is distributed on the basis of the below-mentioned segments:
Global Luxury Secondhand Platform Market, By Type:
The luxury secondhand platform market is expected to grow at a CAGR of 8.5% over the forecast period, owing to the growth of the white-label channel and increasing demand for quality products.The luxury secondhand market is growing rapidly due to the increasing demand for unique and rare items.
Some of the key drivers of the luxury secondhand platform market include:
• Increasing demand for luxury goods and services: The increasing trend of consumption lifestyle among people has led to an increase in the demand for luxury items. Luxury buyers who are looking for unique products and services find secondhand platforms convenient because they can get access to brands that they would not ordinarily be able to afford. Moreover, the growing middle-class population in developing countries is also fueling the growth of the luxury secondhand platform market.
• Growing trend of online shopping: The growing popularity of online shopping has led to an increase in the demand for luxury secondhand items. In addition, many people prefer using online platforms as they believe that it is more convenient than going through brick-and-mortar stores. Thus, the availability of online platforms that offer luxury secondhand items is contributing to the growth of the market.
• Increased awareness about environmental concerns: Many people nowadays have begun to appreciate eco-friendly practices and are therefore more likely to buy used or recycled products. As a result, there has been an increase in the demand for eco-friendly products.
Opportunities in the Luxury Secondhand Platform Market
The global luxury secondhand market is expected to reach USD 9.4 billion by 2021, according to a study report by Grand View Research, Inc. The growth of the luxury secondhand market is attributed to increasing affordability and shifting preferences among consumers.
There are several opportunities in the global luxury secondhand market. One opportunity is the development of mobile app platforms that allow buyers and sellers to connect directly. Another opportunity is the growth of online marketplaces that offer an extensive range of products and services related to luxury goods. These platforms can be used by both buyers and sellers to explore available options and make transactions.
Another opportunity in the global luxury secondhand market is the expansion of premium reseller shops. These resellerships offer high-end brands at discounted prices, making them an attractive option for consumers who want to purchase prestige brands at lower costs. Additionally, these resellerships can help drive demand for luxury goods and increase their scarcity value.
In order to capitalize on these opportunities, businesses interested in participating in the global luxury secondhand market need to develop comprehensive strategies that address various aspects of the marketplace such as product sourcing, marketing, sales, and customer service.
Report Includes
An overview of the global Luxury Secondhand Platform market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2023, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Luxury Secondhand Platform market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Luxury Secondhand Platform market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Luxury Secondhand Platform market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market which derives the market trends, changing phase of investments, and the scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis
The global Luxury Secondhand Platform market is segmented on the basis of Type, Application, and Region.
Global Luxury Secondhand Platform Market Competitive Analysis:
Key players in the Global Luxury Secondhand Platform market are Vinted, Depop, The RealReal, Re-Fashion, Still White, ThredUp, Poshmark, Encore Clothing, Re-SEE,The Fifth Collection other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Luxury Secondhand Platform market is distributed on the basis of the below-mentioned segments:
Global Luxury Secondhand Platform Market, By Type:
- Cloud-based
- On-premises
- Enterprise
- Personal
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
| Report Metric | Details |
| Market size available for years | 2022–2029 |
| Base year considered | 2021 |
| Forecast period | 2022–2029 |
| Forecast unit | Value (USD Million) |
| Segments Covered | Product, End Use, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Vinted,Depop,The RealReal,Re-Fashion,Still White,ThredUp,Poshmark,Encore Clothing,Re-SEE,The Fifth Collection |
Luxury Secondhand Platform MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2022-2029
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Luxury Secondhand Platform Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
