India Secondhand Luxury Goods Market Size, Growth Factors, Segmentation, Competitive Analysis and Forecast 2023-2028
The latest report by IMARC Group, titled “India Secondhand Luxury Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
India Secondhand Luxury Goods Market Size and Growth Forecast
The India secondhand luxury goods market size reached US$ 555.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,060.8 Million by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Outlook
Secondhand luxury goods are premium and high-end products sold by the owner and purchased by the second and later end users. Such goods consist of footwear, antique furniture, artwork, apparel, jewelry, and fashion accessories, like watches and bags. The timeless and durable nature of luxury goods makes them a good fit for the resale industry. The purchase of secondhand luxury items also helps manufacturers to reduce their carbon footprint, lower waste production levels, and minimize their dependence on raw materials.
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India Secondhand Luxury Goods Market Trend and Growth Factors:
The rising influence of western fashion trends, along with rapid modernization, is driving the market growth in India. Apart from this, with the increasing disposable incomes and the improving living standards of consumers, the demand for luxury goods is expanding across the country. Furthermore, the rising shift among individuals toward secondhand luxury products due to the associated positive environmental impact is acting as another growth-inducing factor. In addition, the escalating adoption of high-end fashion clothing and accessories, owing to the growing affordability and accessibility, is projected to boost the market growth. Moreover, the establishment of various resale websites for luxury goods that offer a reliable platform for both buyers and sellers is expected to aid the market growth during the forecast period.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
The report has categorized the market based on product type, demography, and distribution channel.
Breakup by Product Type
- Handbags
- Jewelry & Watches
- Clothing
- Small Leather Goods
- Footwear
- Accessories
- Others
Breakup by Demography:
- Women
- Men
- Unisex
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Analysis:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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