Second-hand luxury goods market revenue Europe 2022-2028

Published by
Tugba Sabanoglu,
May 6, 2024
The revenue of the second-hand luxury goods market in Europe was estimated to be worth around 2.7 billion U.S. dollars in 2023, with Central & Western Europe accounting for more than half of the total market revenue. According to Statista estimates, European second-hand luxury goods market is set to see an increase, reaching over 3.8 billion U.S. dollars by 2028. The second-hand luxury market comprises of apparel, footwear, leather goods, jewelry, watches, and eyewear purchased via platforms for second-hand luxury goods.

Estimated revenue of the second-hand luxury goods market in Europe from 2014 to 2022, with a forecast up to 2028 (in million U.S. dollars)

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Release date

October 2023

Region

Europe

Survey time period

2023

Supplementary notes

About methodology: second-hand luxury good market is defined as luxury products of the leading luxury goods brands in the apparel, footwear, leather goods, jewelry, watches, and eyewear segment purchased via second-hand channels. Premium products and fragrances are not included in the model. Revenue estimates and forecasts were based off on Statista’s primary research (Global Consumer Survey) and other primary data from the Statista platform as well as third-party data sources in the luxury goods market.

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Topics

Luxury goods in EuropeGlobal personal luxury goods industryMoët Hennessy Louis Vuitton (LVMH Group)Clothing and apparel market in EuropeM&A in the luxury goods sector
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