Global Luxury Resale Market report presents an in-depth assessment of the Luxury Resale including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Luxury Resale investments from 2019 till 2022.
The report also profiles key market players such as The RealReal, Inc., Vestiaire Collective, Poshmark Inc., and ThredUp, Inc., etc on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth &, sustainability, and financial overview.
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Luxury resale refers to the buying and selling of the previously-owned luxury goods. In the past few years, the sale of the pre-owned luxury goods have been increasingly very rapidly and the stigma associated with the consumption of the second-hand luxury has been disappearing.
In contrast with the new luxury, pre-owned luxury is usually less expensive and have some traces of wear-and-tear. It has also been suggested that the buyers of the second-hand luxury are not necessarily poor, in fact they are either value-conscious consumers or fashion-conscious consumers.
The global luxury resale market has increased at a significant CAGR during the years 2014-2017 and projections are made that the market would rise in the next four years i.e. 2018-2022 tremendously. The luxury resale market is expected to increase due to growing millennial population, increasing middle class population and spending, soaring urban population, escalating internet users, etc. Yet the market faces some challenges such as lack of trust in buying second-hand luxury, e-commerce fraud, lack of awareness, etc.
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Influence of the Luxury Resale market report:
-Comprehensive assessment of all opportunities and risk in the Luxury Resale market.
-Luxury Resale market recent innovations and major events.
-Detailed study of business strategies for growth of the Luxury Resale market-leading players.
-Conclusive study about the growth plot of Luxury Resale market for forthcoming years.
-In-depth understanding of Luxury Resale market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Luxury Resale market.
The research includes historic data from 2014 to 2019 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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