Share of second-hand in global luxury market 2017-2027

The share of the second-hand luxury goods in overall global luxury & premium goods market was estimated to be around 3.69 percent in 2021. According to Statista estimates, market share of the second-hand luxury goods is projected to see an increase, reaching over 5.5 percent 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 Poshmark and Vestiaire Collective.

Share of second-hand luxury goods in the overall luxury & premium market from 2017 to 2021, with a forecast up to 2027

Characteristic	Share of secondhand revenue in the overall market
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Release date

February 2022

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Region

Europe

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 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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