Global Second-Hand Luxury Goods Market to Expand with Notable CAGR of 14.0% Between 2019 & 2024
According to a recent report published by Fast.MR, titled, Global Second-Hand Luxury Goods Market 2018: Market Size, Trends, Opportunity, Forecast 2018-2024 , the global second-hand luxury goods market accounted for USD 25,667.6 Million in 2018 and is estimated to reach USD 54,582.7 Million by 2024. Moreover, it is anticipated to flourish at a CAGR of 14.0% during the forecast period i.e. 2019-2024. The global second-hand luxury goods market has been segmented based on product type, demography, and distribution channel. Based on the product type, this market has been segmented into clothing, footwear, bags, jewelry, watches, and accessories. The second-hand luxury watches segment accounted for the highest market share in 2018 and is anticipated to continue its dominance during the forecast period. Buying and owning second-hand luxury watches is more of a common thing these days as consumers are hesitating to spend a premium for watches. Also, there is also a very strong demand for vin...