Second-hand Luxury Goods Market Size (2025 – 2030)

The Second-hand Luxury Goods Market was valued at USD 38.50 billion in 2024 and is projected to reach a market size of USD 64.57 billion by the end of 2030. Over the forecast period of 2025-2030, the market is projected to grow at a CAGR of 9%.

The second-hand luxury goods market sells used products from top fashion and luxury brands. These items include clothes, bags, watches, shoes, and jewellery. People buy second-hand luxury goods to enjoy luxury at low prices. Many buyers also care about the environment and want to reduce waste. Sellers can earn money by reselling items that they no longer use. Online platforms and stores help to connect buyers and vendors. New brands are now joining the resale market to reach more customers. Technology helps to check if products are real and safe to buy. Young consumers prefer second-hand luxury goods because it is stylish and inexpensive. The second-hand luxury goods market is growing rapidly and becoming more popular worldwide. It supports circular fashion and reduces waste. Luxury brands now offer certified pre-owned items. This helps them control quality and brand image. Social media helps in promoting second-hand fashion. Mobile apps are making shopping easy and fun with clear product details and safe payment options. The market is changing with new ideas and technology.

Key Market Insights:

• The value of the apparel, footwear, and accessories resale market in 2021 is between $100 and $120 billion worldwide, more than three times the size it was in 2020.
• Preowned items were projected to make up 27% of the average resale buyer’s closet by 2023.
• Over 70% of resale purchases are now made through online platforms, driven by convenience, authentication tools, and global reach.
• More than 65% of Gen Z and millennials actively purchase pre-owned luxury items, citing affordability and sustainability as top motivators.
• Handbags, watches, and accessories together account for over 68% of total resale transactions globally, due to high retention value and brand appeal.
• Around 35% of resale buyers are influenced by social media endorsements, especially from fashion influencers promoting circular fashion.
• Europe accounts for approximately 35% of the global resale market, supported by strong brand heritage and a mature vintage culture.

Market Drivers:

The growing eco-friendly choices are primarily driving the Second-hand Luxury Goods Market.

Consumers are concerned about the planet and want to reduce fashion waste. Buying second-hand luxury items helps reuse products and cut pollution. Young buyers especially prefer environmentally friendly options. They want brands that support sustainability. This makes second-hand luxury a smart option. It provides style and value without harming the environment. Brands also have the benefit of showing that they care about the environment. Second-hand luxury items extend product life and reduce overproduction. It fits well with global sustainability goals. As more people are choosing a sustainable life, this market will grow. Environmentally friendly habits are now part of fashion decisions for many buyers.

The growing online platforms are driving the Second-hand Luxury Goods Market.

E-commerce and online platform makes it easy to buy and sell second-hand luxury goods. Websites and apps provide safe payment, rapid delivery, and clear product details. Social media helps to promote resale items and reach more people. Influencers show how second-hand fashion can be stylish and smart. Brands are working with resale platforms to control quality. Technology helps to check if the items are real or fake. AI tools help to estimate fair prices and match buyers with products. More people will join the second-hand luxury goods market with the improvement of digital tools.

Market Restraints and Challenges:

A major problem in this second-hand luxury goods market is the fake luxury item. Buyers want to ensure that they get real products. If they receive fake products, they lose trust and stop buying second-hand luxury goods. The reselling platform should check each item carefully. They use experts and technology to find real goods. Brands are also worried about their image and quality. If fake items spread, it can hurt their name. Some countries do not have strong rules to stop fake goods. This makes it difficult to control the market. Reselling platforms and brands must work together to grow the second-hand luxury goods market safely. They should build consumer trust and offer only real and verified products.

Market Opportunities:

Luxury brands are now working with resale platforms to reach new buyers, who want style but at low prices. Brands offer certified pre-owned items to control quality. This helps them to earn money and keep loyal customers. Young people preferred secondhand fashion because it is inexpensive and fashionable. Reselling second-hand luxury goods also helps brands to manage old stocks and reduce environmental waste. It opens new ways to grow and connect with more people. The second-hand luxury goods market will expand with more brands joining the resale market.

SECOND-HAND LUXURY GOODS MARKET REPORT COVERAGE:

Second-hand Luxury Goods Market Segmentation:

Second-hand Luxury Goods Market Segmentation By Product Type:

• Handbags
• Jewellery & Watches
• Clothing
• Footwear
• Others

Handbags are the most dominant product in the secondhand luxury goods market. They are easy to sell and hold value well. Many buyers look for designer bags at low prices. Brands such as Louis Vuitton, Chanel, and Gucci are in high demand. Handbags are also certified and easy to ship across countries. Their durability and timeless style make them a smart purchase. Buyers rely on resale platforms for quality and status. Handbags are often the first luxury items that people buy secondhand. They are also gifted and collected. This makes handbags the top-selling category in the secondhand luxury goods market.

Jewellery and watches are growing at the fastest rate in the secondhand luxury goods market. Buyers want rare and vintage pieces of jewellery and watches. Luxury watches like Rolex and Omega are seen as an investment. Jewellery is often passed from generation to generation for value. Online platforms now provide better certification tools. It creates faith and increases sales. Small buyers are also searching for pre-owned fine jewellery. Stability and strength drive interest. Many people now choose secondhand over new jewellery. Brands started certified pre-owned programs for consumers with a low budget. This adds more options for buyers. Jewellery and watches will continue to grow quickly with the growing trust of consumers.

Second-hand Luxury Goods Market Segmentation By Demography:

• Women
• Men
• Unisex

Women are the largest buyers in the second-hand luxury goods market. They shop for handbags, clothes, and accessories. Many women want designer items at low prices. Online platforms provide a wide range of products for women driven by sustainability and fashion trends. Social media and influencers promote secondhand fashion. Women are more likely to try to resell first. They also buy gifts and seasonal items. Brands target women with curated collections of second-hand goods. This makes women a leading consumer of the second-hand luxury goods market. Their demand keeps the market active and increasing.

Men are the fastest-growing consumer in the second-hand luxury goods market. Men are now buying more secondhand luxury items than before. Watches, shoes, and jackets are popular options. Younger men are seeking stylish items at better prices. They also care about quality and brand image. Online stores now provide more options for men. Brands are connecting men's collections to resale platforms. Social media helps in promoting men's fashion trends. Men are also purchasing for investment and value. As awareness increases, more men are joining resale markets. This makes men the fastest-growing group in secondhand luxury. Their interest is helping to expand the market.

Second-hand Luxury Goods Market Segmentation By Distribution Channel:

• Online stores
• Consignment shops
• Auctions
• Boutiques
• Others

Online stores are the largest distribution channel in the second-hand luxury goods market. They provide easy access and comprehensive product options. Buyers can shop from anywhere. Platforms such as The RealReal and Vestiaire Collectors lead the second-hand luxury goods market. Online stores use digital tools to check the quality of the product. They also provide safe payment with rapid delivery. Social media drives traffic to these resale platforms. Mobile apps make shopping simple and fun. Online stores also support global shipping. It helps in reaching more buyers. Their convenience and trust make them leading channels.

Boutiques are the fastest-growing distribution channel in the second-hand luxury goods market. They provide a shopping experience with a personal touch. Buyers can see and touch the items before purchasing. The boutique staff helps with style and advice. Many boutiques now sell certified pre-owned goods. They also host events and pop-ups. Local shopkeepers rely on boutique quality. Some boutiques partner with large brands for better consumer traffic. It adds more value and options. As the demand increases, more boutiques enter the market. It makes boutiques the fastest-growing distribution channel in the second-hand luxury goods market.

Second-hand Luxury Goods Market Segmentation: Regional Analysis:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Europe leads the second-hand luxury market. Buyers in Europe give importance to sustainability and style. Vintage fashion is popular in major cities. Countries such as France, Italy, and Germany have strong resale cultures. Online platforms are well established in Europe, which offer wider accessibility. Many luxury brands are located in Europe, offering diverse secondhand products. This makes the resale easier and more reliable. European buyers also seek rare and timeless pieces. Their regulatory support is further driving the second-hand luxury market growth with growing resale practices. The market is mature and continuously growing. Europe remains the largest region for the secondhand luxury goods market, with a mature market and continued growth.

Asia-Pacific is the fastest-growing region in the second-hand luxury market. Young buyers are driving demand for resale products in China, India, and Japan. They want luxury at better prices. Mobile shopping is popular in these regions. Social media helps to promote second-hand fashion. The brands are entering the market with local partners. Online platforms are expanding quickly. Buyers care about quality and brand image. Environmental sustainability features of second-hand products are also gaining attention. The Asia-Pacific will continue to grow at the fastest rate, with rising income.

Second-hand Luxury Goods Market COVID-19 Impact Analysis:

The outbreak of COVID-19 changed consumer behaviour to a large extent and intensified digital changes in the secondhand luxury goods market. During the lockdown, physical retail channels faced disruption, leading to an increase in online resale activity. Consumers shifted to pre-owned luxury items as a cost-effective option driven by economic and sustainability concerns. Brands responded by reinforcing their digital appearance and discovering resale participation to maintain engagement. The outbreak of COVID-19 also increased demand for transparency, authentication, and safe logistics. After the pandemic, the market demonstrated flexibility, with record traffic and transaction volumes. COVID-19 ultimately reinforced the relevance of circular fashion and value-driven luxury consumption.

Latest Trends and Developments:

The market is experiencing rapid innovation and strategic expansion. Luxury brands are launching certified pre-owned programs to maintain quality and control over brand equity. Artificial intelligence is being deployed to detect dynamic pricing, product matching, and fraud detection. Blockchain technology is gaining traction for safe authentication and verified tracking. Influencer-led campaigns are reshaping consumer perceptions of secondhand fashion, making it an aspiration and a mainstream trend. Mobile-first platforms dominate the user's busy schedule, offering a personalized experience and seamless transactions. Sustainability remains a key focus, in which brands integrate resale into comprehensive ESG strategies. These developments reflect a mature market that blends technology, morality, and consumer-centric design.

Key Players in the Market:

1. Garderobe
2. Inseller
3. Luxepolis
4. Fashionphile Group LLC
5. Fendi
6. The Closet
7. The RealReal Inc.
8. Timepiece 360
9. Vestiaire Collective
10. Luxury Closet Inc.

Latest Market News:

• December 2021: Farfetch, the global online marketplace, has announced it is buying resale platform and stockist Luxclusif for an undisclosed sum. Luxclusif sources secondhand goods from brands and customers and sells them to platforms including Vestiaire Collective and Tradesy. With the deal, the Luxclusif platform will power Farfetch’s existing resale purchasing platform, second life by expanding its assortment beyond handbags to include ready-to-wear and watches, while improving its authentication capabilities and global coverage.