Global Luxury Resale Market: Size and Trends with Impact of COVID-19 and Forecast up to 2026

DELHI, India - May 16, 2022 - PRLog -- The global luxury resale market in 2021 was valued at US$32.61 billion, and is likely to reach US$51.77 billion by 2026. In the past few years, the sale of the pre-owned luxury goods has been increasingly very rapidly and the stigma associated with the consumption of the second-hand luxury has been disappearing. Luxury resale refers to the buying and selling of the previously-owned luxury goods. Luxury goods are products that are expensive and of high quality. However, globally, the demand for luxury resale has been growing as these are affordable and has both online as well as offline platforms for the commercialization of second-hand goods. The luxury resale market is projected to grow at a CAGR of 9.68% during the forecast period of 2022-2026.

Scope of the Report

-- An in-depth analysis of the global luxury market by product, by distribution channel, by gender, by region, etc.

-- The regional analysis of the luxury and hard luxury resale market, including the following regions:

Europe (France, UK, Italy, Germany, and Rest of Europe)
North America (The US, Mexico and Canada)
China
Rest of World

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the global luxury resale market, with post COVID impact analysis.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall luxury resale market has also been forecasted for the period 2022-2026, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of luxury resale to improve the market status.

-- Identification of new technological developments, R&D activities, and collaborations among e- resale platforms with luxury companies occurring in the luxury resale market

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

For further details, kindly visit :

https://www.daedal-research.com/consumer-retail/global-luxury-resale-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2026

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