India Secondhand Luxury Goods Market Overview, Driving Factors, Key Players and Growth Opportunities by 2022-2027

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Looking forward, the India secondhand luxury goods market is expected to continue its strong growth during the forecast period (2022-2027).

According to IMARC Group’s latest report, titled “India Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India market is expected to exhibit a CAGR of 12.18% during 2022-2027. Secondhand luxury goods include high-end and premium products, such as handbags, antique furniture, jewelry, apparel and fashion accessories, that are purchased by a second or later end-user. They are commonly purchased through auctions for charity and private-owned consignment stores. These products are priced significantly lower than the original product, which makes them accessible to a large section of society.

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The market in India is primarily driven by the inflating disposable incomes of the masses. Along with this, the rising brand consciousness and their shifting lifestyle preferences have led to the widespread preference for high-end fashion brands, which is acting as a major growth-inducing factor. Additionally, the increasing investments by key players across the country to upgrade their authentication processes and quality checks for providing safe and reliable goods to end users is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid urbanization and evolving fashion trends in the country. Looking forward, the India secondhand luxury goods market is expected to continue its strong growth during the forecast period (2022-2027).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

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

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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