Second-hand luxury market revenue forecast 2017-2027

The revenue of the worldwide second-hand luxury goods market was estimated to be worth 4.9 billion U.S. dollars in 2021. According to Statista estimates, this market is set to see a steep increase, reaching over 14.6 billion U.S. dollars by 2027. The second-hand luxury market comprises of apparel, footwear, leather goods, jewelry, watches, and eyewear purchased via platforms for second hand luxury goods, such as Vestiaire Collective.

Estimated revenue of the second-hand luxury goods market worldwide from 2017 to 2021, with a forecast up to 2027 (in million U.S. dollars)

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Release date

February 2022

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Region

Worldwide

Survey time period

2022

Supplementary notes

About methodology: the 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 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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