India Secondhand Luxury Goods Market to Reach USD 1,674.5 Million by 2033, Impelled by Growing Influence of Western Fashion Trends

February 07, 2025 | Retail

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The latest report by IMARC Group, titled “India Secondhand Luxury Goods Market Report by Product Type (Handbags, Jewelry & Watches, Clothing, Small Leather Goods, Footwear, Accessories, and Others), Demography (Women, Men, Unisex), Distribution Channel (Offline, Online), and Region 2025-2033,” finds that the India secondhand luxury goods market size reached USD 683.1 Million in 2024. Secondhand luxury goods are high-end premium products that are purchased by the second or later end user. These items include antique furniture, jewelry, artworks, luxury footwear, apparel, bags, and watches. They are more cost-effective than newer products, making them accessible to a larger section of society. They also comprise an extended warranty period, which makes them suitable for the resale market. Moreover, the usage of secondhand luxury products also reduces the carbon footprint as they eliminate the dependence on raw materials and lower waste production levels.

India Secondhand Luxury Goods Market Trends:

The market is primarily driven by the rising living standards and the increasing disposable incomes of individuals. In addition, the growing influence of western fashion trends represents another major growth-inducing factor. Besides this, with the rising environmental concerns, individuals are shifting toward secondhand luxury products as they decrease the volume of waste sent to landfills. This, coupled with the increasing popularity of various international e-commerce platforms that offer overseas delivery options, is escalating the demand for secondhand luxury goods in India. Moreover, the rising utilization of advanced technologies by the key players for enhanced authentication procedures and quality checks to provide a reliable environment for the customers is also providing favorable market outlook across the country. Furthermore, the growing adoption of high-end fashion accessories and clothing, the enhanced focus of individuals toward sustainable development and the easy availability of wide range of products on online retail platforms with discounted prices are some of the other factors contributing to the market growth. On account of these factors, IMARC Group expects the market value to reach USD 1,674.5 Million by 2033, exhibiting a CAGR of 9.95% during the forecast period (2025-2033).

Market Summary:

Based on the product type, the market has been classified into handbags, jewelry and watches, clothing, small leather goods, footwear, accessories, and others. At present, handbags represent the most popular product type.
On the basis of the demography, the market has been segmented into women, men, and unisex. Amongst these, secondhand luxury goods are mostly preferred by women.
Based on the distribution channel, the market has been bifurcated into offline and online channels. Currently, the majority of the secondhand luxury goods are distributed through offline channels.
Region-wise, the market has been divided into North India, West and Central India, South India, and East India. Presently, North India holds the leading position in the market.
The competitive landscape of the market has been studied in the report, with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product Type, Demography, Distribution Channel, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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India Secondhand Luxury Goods Market to Reach USD 1,674.5 Million by 2033, Impelled by Growing Influence of Western Fashion Trends

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