The second-hand bag market is expected to reach a valuation of

DUBAI, United Arab Emirates, Aug. 24, 2022 (GLOBE NEWSWIRE) — The global second-hand handbag market is expected to experience an impressive growth rate of 6.2% over the forecast years from 2022 to 2032. The size of the The second-hand handbag market is expected to reach a valuation of approximately US$10.77 billion by the end of 2032 compared to the current valuation of US$5.9 billion in 2022.

Since customers around the world are cost conscious as it helps them to maintain an affordable lifestyle, the demand for used bags has increased significantly in recent years. More than 30% of consumers say they prefer to buy second-hand goods because their budget can be more easily managed by them.

Some of the key market drivers include rising disposable income and rising demand for designer bags. Second-hand bag sales are expected to be driven by demand for high-end handbags for social gatherings and parties. Additionally, the market is growing owing to the growing impact of social media and celebrity fashion.

Reducing emissions of carbon and other hazardous elements has been aided by the increased use of second-hand goods. Choosing a used bag over a brand new one is a clear step towards circular fashion and a practical technique to increase product utility and market value.

Get sample PDF @

The demand for second-hand bags in the Asia-Pacific region has been driven by expanding consumer purchasing power and the proliferation of online shopping portals.

Key insights from market research

  • The overall growth of overall second hand bag market is estimated to be around US$4.9 billion over the forecast decade covering the years 2022 to 2032, following the average CAGR of 6.2%.
  • According to the type of material, leather bags are the most attractive segment with an overall share of more than 80% of the total sale of used bags.
  • Although offline retail stores dominated the global used goods market a few years ago, currently online retail stores have emerged as the main sales channel for the said market.
  • Used bags request in North American countries have remained limited over the years, estimated at only around 5% of the global share.
  • European countries have seen a surge in interest in second-hand items in recent years, which had increased the market share of second-hand bags to 15.2% by the end of 2021.
  • Over the projected period, the second-hand bag market in the Asia-Pacific region is expected to grow at the fastest CAGR.

Ask for a discount @

Competitive landscape

Some of the best known second hand bag market players are Fashionphile, Luxury Garage Sale, Rebag, Vestiaire Collective, Collector Square, Bob’s Watches, StockX, the RealReal, the Outnet and the Luxury Closet among others.

Leading companies in the second hand bag industry are using digitization and targeted marketing practices to drive demand for used bags in certain regions of the world.

Recent developments around the world Used bag Market:

  • Farfetch Pre-Owned brings you the same premium shopping experience for pre-owned bags as its main website by opening its resale division which launched in 2019.
  • Vinokilo is a German company that operated a thrift store and an offline community before entering the web market. Along with trading in several second-hand items among his close customers last year, he started selling second-hand clothes, including second-hand bags.

Second-hand bags market by segmentation

By raw material:

Per end user:

By sales channel:

  • Specialty stores
  • Multi-brand stores
  • Small independent retailers
  • Online retailers
  • Other sales channel

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Talk to our research expert @


1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Product life cycle analysis

3.5. Supply chain analysis

TOC conext..!

Take a look at Tendency Research reports from Consumer Product Domain

Professional Equipment Bag Market Size : is estimated at US$18,110.8 million in 2022 and is expected to reach US$23,983.2 million by 2028. According to data recently released by Future Market Insights (IMF)

Reusable fast food market trends: estimated to be ~$17.1 Bn in 2022 and is expected to grow at an impressive CAGR of ~9.3% from 2022 to 2032, creating an additional opportunity of approximately $16 Bn by 2032.

Ankle Boots Market Outlook: is estimated at USD 840.2 Million in 2022 and is projected to reach USD 1,219.9 Million by 2032, at a CAGR of 3.8% during the forecast period.

Cowboy Boots Market Forecast: is estimated to be worth around 237.5 million US$ in 2022, accelerating with a CAGR of 6.9% in 2022-2032. The global cowboy boots market size is expected to be valued at around US$462.8 million by the end of 2032.

Coffee Bean Grinding Machine Market Share: Expected to Secure US$365.4 million in 2022. The market is expected to expand at a CAGR of 8.7% over the forecast period 2022-2032 while providing revenue worth US$678.6 million.

Cat Toys Market Type: Size is expected to be valued at US$ 1,753 Million by 2032, from US$ 951 Million in 2022, growing at a CAGR of 6.3% during the forecast period .

Green Flooring Market Demand: Size is Estimated ~$78.1 Bn in 2022 and is expected to reach ~$117.9 Bn by 2032. It is expected to grow at a CAGR of ~3.4% from 2022 to 2032.

Periodic Patch Market Analysis: is estimated at ~$1.2 Bn in 2022 and is expected to grow at a stable CAGR of around 4% between 2022 and 2032, reaching a valuation of ~$1.9 Bn by 2032.

Airport Retail Market Technology: is valued at US$26,837.8 million. The market is expected to reach nearly US$79,706.8 million by 2032, registering an impressive CAGR of 11.5% from 2022 to 2032.

Pet Treats and Chews Market Technology: Expected to Reach $8.2 Bn in 2022 and should reach $13.7 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.

Bladder Linings Market Growth: is estimated at $1185.44 min in 2022 and should reach $2,163.34 min by 2032. It is expected to grow at a CAGR of 6.2% from 2022 to 2032.

About Future Market Insights (IMF)

Future Market Outlook (ESOMAR-certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

Contact We:

Future Market Insights, Inc.
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales
Browse the latest market reports:

Comments are closed.