Secondhand Luxury Market Topped $37 Billion In 2021, Set to Grow Further
Jan 21, 2022
Soaring demand for secondhand luxury goods was one of the key trends that Bain & Co. analysts highlighted in 2021, with the management consulting firm valuing the luxury resale segment at €33 billion ($37.45 billion) as of the close of the year. On the heels of The RealReal focusing heavily on the impact of enduring supply chain disruptions on demand for pre-owned products in its 2021 Consignment Report, Bain analysts stated that growth in the value of the secondary luxury market also had to do with a rise in supply in the space, reflecting “an increased supply of [pre-owned goods] from an expanding arena of players in the segment.” Read more at The Fashion Law.
