logo
logo
Sign in

GCC Secondhand Luxury Goods Market 2021-26: Scope, Share, Size, Trends, Forecast

avatar
IMARC Group
GCC Secondhand Luxury Goods Market 2021-26: Scope, Share, Size, Trends, Forecast

According to the latest report by IMARC Group “GCC Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The GCC secondhand luxury goods market is currently witnessing strong growth. the market is expected to witness moderate growth during the forecast period (2021-2026).

Secondhand luxury goods refer to pre-owned luxury products purchased by a second or later end user. They include clothing, footwear, accessories, handbags, antique furniture, artworks, jewelry, and watches. Secondhand luxury goods are generally sold at bazaar-style fundraisers, charity events, auctions, and privately-owned consignment shops. They aid in preserving natural resources, minimizing the dependence on high-quality raw materials for manufacturing new products, enhancing cost-effectiveness and reducing waste generated during the production of fresh goods. Secondhand luxury goods are usually highly durable and are available with extended warranties, thereby making them suitable for resale and reuse.

Request for a free sample copy of this report: https://www.imarcgroup.com/gcc-secondhand-luxury-goods-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The GCC secondhand luxury goods market is primarily being driven by the increasing demand for premium-quality products among the masses. In addition to this, the widespread adoption of western trends, especially among the millennials. Moreover, the convenient availability of these products through online retail platforms is providing a thrust to the market growth. Several online resale platforms are forming strategic alliances with manufacturers and celebrities to enhance brand awareness and reach a wider consumer base. Other factors, including the increasing popularity of limited capsule collections, along with the rising expenditure capacities of the consumers, are creating a positive outlook for the market across the region.

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 Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/gcc-secondhand-luxury-goods-market

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 behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

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.

Contact US

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

collect
0
avatar
IMARC Group
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more