Market Overview:
The global used luxury goods selling service market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury goods, rising income levels, and growing awareness about the benefits of using second-hand luxury goods. The global used luxury goods selling service market can be segmented on the basis of type into bags, shoes, watches, jewelry, clothes, and other items. The clothes segment is expected to account for the largest share of the global used luxury goods selling service market in 2018. This segment is also projected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. On the basis of application, this market can be divided into online services and door-to-door services. The online services segment is expected to account for a larger share of this market in 2018 as compared with door-to-door services.
Product Definition:
A used luxury goods selling service is a platform where people can sell their used luxury items. The importance of this type of service is that it allows people to get rid of their old items and make some money in the process. It also gives people who may not be able to afford brand new luxury items a chance to purchase them at a lower price.
Bags:
Bags is the most important component of any used luxury goods selling service. It helps in boosting the perceived value of the product and makes it difficult for potential buyers to resist buying. The main objective of a used luxury goods selling service is to increase profit margins by reducing costs through price reduction, thus making high-end products affordable for mass market.
Shoes:
Shoes are used in the service to differentiate the quality of products. It is an important factor that helps in enhancing the brand value and also helps to set a standard of excellence for future generations. The shoes can be categorized into two types: footwear and leather goods. Leather goods include handbags, belts, apparel such as gloves, jackets & coats among others whereas footwear includes sandals & flip-flops among others.
Application Insights:
The online service segment held the largest market share of more than 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing internet penetration across the globe, especially in developing countries like India, Indonesia, Philippines and others. Moreover, e-commerce platforms are providing various facilities such as easy payment options along with a wide range of products displayed on a single website which boosts product selection and subsequently sales.
Door-to-door service is expected to register significant growth over the forecast period owing to growing awareness about new products among consumers globally coupled with rising disposable income levels particularly in emerging economies including China Japan Brazil Russia India Mexico Thailand South Africa Turkey Argentina etcetera.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in middle-class populations, along with increasing disposable income levels. This trend is projected to positively influence the demand for luxury goods over the next eight years.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from countries including Germany, France, Italy and U.K., among others.
The Middle East & Africa (MEA) region is anticipated witness substantial growth on account of rapid development taking place within it especially within UAE.
Growth Factors:
- Increasing disposable income of consumers
- Rising demand for used luxury goods from the younger generation
- Proliferation of online platforms for selling used luxury goods
- Growing awareness about the benefits of buying pre-owned luxury items
- Increased focus on sustainability and reducing environmental impact
Scope Of The Report
Report Attributes
Report Details
Report Title
Used Luxury Goods Selling Service Market Research Report
By Type
Bags, Shoes, Watches, Jewelry, Clothes, Other
By Application
Online Service, Door-to-door Service
By Companies
FASHIONPHILE Group, The RealReal, Rebag, Tradesy, The Luxury Closet, LabelCentric, Yoogi's Closet, Luxury Garage Sale, Vestiaire Collective, Collector Square, Bob's Watches
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Used Luxury Goods Selling Service Market Report Segments:
The global Used Luxury Goods Selling Service market is segmented on the basis of:
Types
Bags, Shoes, Watches, Jewelry, Clothes, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Service, Door-to-door Service
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FASHIONPHILE Group
- The RealReal
- Rebag
- Tradesy
- The Luxury Closet
- LabelCentric
- Yoogi's Closet
- Luxury Garage Sale
- Vestiaire Collective
- Collector Square
- Bob's Watches
Highlights of The Used Luxury Goods Selling Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bags
- Shoes
- Watches
- Jewelry
- Clothes
- Other
- By Application:
- Online Service
- Door-to-door Service
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Used Luxury Goods Selling Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A luxury goods selling service is a company that helps people sell high-end items such as jewelry, cars, and other expensive items. The company will help the seller find buyers for the item, negotiate prices, and handle any shipping or handling.
Some of the key players operating in the used luxury goods selling service market are FASHIONPHILE Group, The RealReal, Rebag, Tradesy, The Luxury Closet, LabelCentric, Yoogi's Closet, Luxury Garage Sale, Vestiaire Collective, Collector Square, Bob's Watches.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Used Luxury Goods Selling Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Used Luxury Goods Selling Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Used Luxury Goods Selling Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Used Luxury Goods Selling Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Used Luxury Goods Selling Service Market Size & Forecast, 2018-2028
4.5.1 Used Luxury Goods Selling Service Market Size and Y-o-Y Growth
4.5.2 Used Luxury Goods Selling Service Market Absolute $ Opportunity
Chapter 5 Global Used Luxury Goods Selling Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Used Luxury Goods Selling Service Market Size Forecast by Type
5.2.1 Bags
5.2.2 Shoes
5.2.3 Watches
5.2.4 Jewelry
5.2.5 Clothes
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Used Luxury Goods Selling Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Used Luxury Goods Selling Service Market Size Forecast by Applications
6.2.1 Online Service
6.2.2 Door-to-door Service
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Used Luxury Goods Selling Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Used Luxury Goods Selling Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Used Luxury Goods Selling Service Analysis and Forecast
9.1 Introduction
9.2 North America Used Luxury Goods Selling Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Used Luxury Goods Selling Service Market Size Forecast by Type
9.6.1 Bags
9.6.2 Shoes
9.6.3 Watches
9.6.4 Jewelry
9.6.5 Clothes
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Used Luxury Goods Selling Service Market Size Forecast by Applications
9.10.1 Online Service
9.10.2 Door-to-door Service
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Used Luxury Goods Selling Service Analysis and Forecast
10.1 Introduction
10.2 Europe Used Luxury Goods Selling Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Used Luxury Goods Selling Service Market Size Forecast by Type
10.6.1 Bags
10.6.2 Shoes
10.6.3 Watches
10.6.4 Jewelry
10.6.5 Clothes
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Used Luxury Goods Selling Service Market Size Forecast by Applications
10.10.1 Online Service
10.10.2 Door-to-door Service
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Used Luxury Goods Selling Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Used Luxury Goods Selling Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Used Luxury Goods Selling Service Market Size Forecast by Type
11.6.1 Bags
11.6.2 Shoes
11.6.3 Watches
11.6.4 Jewelry
11.6.5 Clothes
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Used Luxury Goods Selling Service Market Size Forecast by Applications
11.10.1 Online Service
11.10.2 Door-to-door Service
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Used Luxury Goods Selling Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Used Luxury Goods Selling Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Used Luxury Goods Selling Service Market Size Forecast by Type
12.6.1 Bags
12.6.2 Shoes
12.6.3 Watches
12.6.4 Jewelry
12.6.5 Clothes
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Used Luxury Goods Selling Service Market Size Forecast by Applications
12.10.1 Online Service
12.10.2 Door-to-door Service
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Used Luxury Goods Selling Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Used Luxury Goods Selling Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Used Luxury Goods Selling Service Market Size Forecast by Type
13.6.1 Bags
13.6.2 Shoes
13.6.3 Watches
13.6.4 Jewelry
13.6.5 Clothes
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Used Luxury Goods Selling Service Market Size Forecast by Applications
13.10.1 Online Service
13.10.2 Door-to-door Service
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Used Luxury Goods Selling Service Market: Competitive Dashboard
14.2 Global Used Luxury Goods Selling Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FASHIONPHILE Group
14.3.2 The RealReal
14.3.3 Rebag
14.3.4 Tradesy
14.3.5 The Luxury Closet
14.3.6 LabelCentric
14.3.7 Yoogi's Closet
14.3.8 Luxury Garage Sale
14.3.9 Vestiaire Collective
14.3.10 Collector Square
14.3.11 Bob's Watches
