Rise in trend of thrifting is propelling the Middle East second-hand luxury goods market size. Thrifting offers an opportunity for people to enjoy luxury without spending all their savings. It provides used items much cheaper than those that are new.
Surge in demand for sustainable products is fueling the Middle East second-hand luxury goods market trajectory. Consumers are conscious in a variety of ways, including ethically, environmentally, and financially. Thus, they are purchasing pre-owned luxury products, such as jewelry and clothes, that look and feel just as good as new but for a fraction of the cost.
Vendors operating in the Middle East second-hand luxury goods market are diversifying their offerings and catering to specific consumer needs by examining opportunities in niche areas such as vintage luxury goods and sustainable fashion.
Second-hand luxury goods are high-end and premium products purchased by second- and later-end consumers. These products include antique furniture, footwear, clothing, artwork, jewelry, and fashion accessories such as bags, watches & eyeglasses.
These goods also have a prolonged warranty duration and give economic benefits to vendors as they can be resold rather than discarded. They also help in decreasing individual carbon footprints by reducing the use of raw resources and producing less waste. Various online or e-commerce platforms, as well as retail shops, specialize in the sale of designer second-hand goods.
| Attribute | Detail |
|---|---|
| Market Drivers |
|
One of the most recent fashion trends has shifted customers' preferences toward thrifting, a process of buying used products at second-hand stores. Buying old clothing is not a new trend. Teenagers in most generations browse at thrift stores or flea markets.
In the recent past, online peer-to-peer fashion resale platforms have gained traction for buying and selling second-hand products. This, in turn, is driving the Middle East second-hand luxury goods market development.
Even before the COVID-19 pandemic, growing interest in sustainability and the circular economy had fueled momentum in refurbished ecommerce. The emergence of COVID-19 forced people to stay at home.
Younger generations appear to have understood the benefits of thrift shopping due to the relatively low cost of products and surge in focus on sustainability. These practices are expected to spur the Middle East second-hand luxury goods market growth in the near future.
Millennials place a greater priority than ever before on making a positive footprint. Buying second-hand products contributes significantly to decreasing waste and the environmental impact of fashion. Shopping for pre-owned items no longer has a negative connotation.
In fact, shopping pre-owned is something to be proud of. It is the most effective way to cut waste in the fashion business and lower the environmental footprint. Hence, increase in focus on sustainability is propelling the Middle East second-hand luxury goods market revenue.
For so long, luxury things were out of reach and inaccessible to younger demographics. The opportunity to purchase these products second-hand at a fraction of the cost has completely altered this. Luxury things that were previously unattainable are now available at unbelievable prices through second-hand luxury.
| Attribute | Detail |
|---|---|
| Leading Country | UAE |
According to the latest Middle East second-hand luxury goods market analysis, UAE accounted for major share, in terms of both volume and value, in 2023. UAE is well known for luxury shopping and lifestyles among people.
Presence of several retail stores that specialize in selling pre-owned designer products from brands, such as Louis Vuitton, Gucci, and Channel, is driving the second-hand luxury goods market share in UAE.
In addition to physical stores, e-commerce websites, including Garderobe and The Luxury Closet, are gaining traction for second-hand luxury products in UAE.
High population of people between 15-35 years of age is boosting the second-hand luxury goods market statistics in UAE. People between 15-35 years of age are mostly interested in thrifting second-hand products to save on costs and minimize waste.
Qatar is anticipated to experience considerable growth in the Middle East second-hand luxury goods market landscape. Rise in awareness of and demand for sustainable products is driving the second-hand luxury goods industry expansion in Qatar. Additionally, consumers in the country are seeking second-hand luxury items as they are less expensive than new products.
Most vendors are offering an app-based marketplace to buy and sell pre-owned designer fashion. They are focusing on product authenticity to expand their customer base. DWISI, Farfetch, Garderobe, Gemaee UAE, La Suite, Ounass, Reloved Luxury, The Closet, The Luxury Closet, and The Plush Posh are prominent players in the Middle East second-hand luxury goods industry.
Each of these players has been profiled in the Middle East second-hand luxury goods market report based on parameters such as company overview, financial overview, business strategies, product portfolio, and business segments.
| Attribute | Detail |
|---|---|
| Market Value in 2023 (Base Year) | US$ 790.0 Mn |
| Market Forecast Value in 2035 | US$ 3.5 Bn |
| Growth Rate (CAGR) | 13.3% |
| Forecast Period | 2024-2035 |
| Historical Period | 2020-2022 |
| Quantitative Units | US$ Mn/Bn for Value and Million Units for Volume |
| Market Analysis | The Middle East qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, PESTEL analysis, etc. Furthermore, at the country level, the qualitative analysis includes key trends, price trends, and key supplier analysis. |
| Competition Landscape |
|
| Countries Covered |
|
| Market Segmentation |
|
| Companies Profiled |
|
| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
It was valued at US$ 790.0 Mn in 2023
It is expected to reach US$ 3.5 Bn by 2035
Rise in trend of thrifting and surge in demand for sustainable products
The clothing segment held the largest share in 2023
UAE accounted for 34.2% market share in 2023
DWISI, Farfetch, Garderobe, Gemaee UAE, La Suite, Ounass, Reloved Luxury, The Closet, The Luxury Closet, and The Plush Posh.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Porter’s Five Forces Analysis
5.5. Value Chain Analysis
5.6. PESTEL Analysis
5.7. Material Analysis
5.8. Middle East Second-hand Luxury Goods Market Analysis and Forecast, 2020-2035
5.8.1. Market Value Projections (US$ Mn)
5.8.2. Market Volume Projections (Million Units)
6. Middle East Second-hand Luxury Goods Market Analysis and Forecast, By Product Type
6.1. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Product Type, 2020-2035
6.1.1. Clothing
6.1.1.1. Top Wear
6.1.1.1.1. Shirts & T-shirts
6.1.1.1.2. Jackets & Coats
6.1.1.1.3. Others (Tops, Hoodies, etc.)
6.1.1.2. Bottom Wear
6.1.1.2.1. Jeans
6.1.1.2.2. Skirts
6.1.1.2.3. Trousers
6.1.1.2.4. Others (Capris, Shorts, etc.)
6.1.1.3. Coverall
6.1.1.4. Others (Caps, Scarfs, etc.)
6.1.2. Jewelry
6.1.2.1. Bracelets
6.1.2.2. Earrings
6.1.2.3. Necklaces
6.1.2.4. Rings
6.1.2.5. Watches
6.1.2.6. Others (Brooches, etc.)
6.1.3. Footwear
6.1.3.1. Shoes
6.1.3.2. Boots
6.1.3.3. Sandals & Heels
6.1.3.4. Others (Flip Flops & Slippers, etc.)
6.1.4. Eyewear (Sunglasses)
6.2. Incremental Opportunity Analysis, By Product Type
7. Middle East Second-hand Luxury Goods Market Analysis and Forecast, By End-use
7.1. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By End-use, 2020-2035
7.1.1. Men
7.1.2. Women
7.1.3. Kids
7.2. Incremental Opportunity Analysis, By End-use
8. Middle East Second-hand Luxury Goods Market Analysis and Forecast, By Country
8.1. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Region, 2020-2035
8.1.1. UAE
8.1.2. Saudi Arabia
8.1.3. Qatar
8.1.4. Kuwait
8.1.5. Rest of Middle East
8.2. Incremental Opportunity Analysis, by Country
9. UAE Second-hand Luxury Goods Market Analysis and Forecast
9.1. Country Snapshot
9.2. Demographic Overview
9.3. Key Trend Analysis
9.4. Market Share Analysis
9.5. Consumer Buying Behavior Analysis
9.6. Pricing Analysis
9.6.1. Weighted Average Selling Price (US$)
9.7. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Product Type, 2020-2035
9.7.1. Clothing
9.7.1.1. Top Wear
9.7.1.1.1. Shirts & T-shirts
9.7.1.1.2. Jackets & Coats
9.7.1.1.3. Others (Tops, Hoodies, etc.)
9.7.1.2. Bottom Wear
9.7.1.2.1. Jeans
9.7.1.2.2. Skirts
9.7.1.2.3. Trousers
9.7.1.2.4. Others (Capris, Shorts, etc.)
9.7.1.3. Coverall
9.7.1.4. Others (Caps, Scarfs, etc.)
9.7.2. Jewelry
9.7.2.1. Bracelets
9.7.2.2. Earrings
9.7.2.3. Necklaces
9.7.2.4. Rings
9.7.2.5. Watches
9.7.2.6. Others (Brooches, etc.)
9.7.3. Footwear
9.7.3.1. Shoes
9.7.3.2. Boots
9.7.3.3. Sandals & Heels
9.7.3.4. Others (Flip Flops & Slippers, etc.)
9.7.4. Eyewear (Sunglasses)
9.8. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By End-use, 2020-2035
9.8.1. Men
9.8.2. Women
9.8.3. Kids
9.9. Incremental Opportunity Analysis
10. Saudi Arabia Second-hand Luxury Goods Market Analysis and Forecast
10.1. Country Snapshot
10.2. Demographic Overview
10.3. Key Trend Analysis
10.4. Market Share Analysis
10.5. Consumer Buying Behavior Analysis
10.6. Pricing Analysis
10.6.1. Weighted Average Selling Price (US$)
10.7. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Product Type, 2020-2035
10.7.1. Clothing
10.7.1.1. Top Wear
10.7.1.1.1. Shirts & T-shirts
10.7.1.1.2. Jackets & Coats
10.7.1.1.3. Others (Tops, Hoodies, etc.)
10.7.1.2. Bottom Wear
10.7.1.2.1. Jeans
10.7.1.2.2. Skirts
10.7.1.2.3. Trousers
10.7.1.2.4. Others (Capris, Shorts, etc.)
10.7.1.3. Coverall
10.7.1.4. Others (Caps, Scarfs, etc.)
10.7.2. Jewelry
10.7.2.1. Bracelets
10.7.2.2. Earrings
10.7.2.3. Necklaces
10.7.2.4. Rings
10.7.2.5. Watches
10.7.2.6. Others (Brooches, etc.)
10.7.3. Footwear
10.7.3.1. Shoes
10.7.3.2. Boots
10.7.3.3. Sandals & Heels
10.7.3.4. Others (Flip Flops & Slippers, etc.)
10.7.4. Eyewear (Sunglasses)
10.8. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By End-use, 2020-2035
10.8.1. Men
10.8.2. Women
10.8.3. Kids
10.9. Incremental Opportunity Analysis
11. Qatar Second-hand Luxury Goods Market Analysis and Forecast
11.1. Country Snapshot
11.2. Demographic Overview
11.3. Key Trend Analysis
11.4. Market Share Analysis
11.5. Consumer Buying Behavior Analysis
11.6. Pricing Analysis
11.6.1. Weighted Average Selling Price (US$)
11.7. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Product Type, 2020-2035
11.7.1. Clothing
11.7.1.1. Top Wear
11.7.1.1.1. Shirts & T-shirts
11.7.1.1.2. Jackets & Coats
11.7.1.1.3. Others (Tops, Hoodies, etc.)
11.7.1.2. Bottom Wear
11.7.1.2.1. Jeans
11.7.1.2.2. Skirts
11.7.1.2.3. Trousers
11.7.1.2.4. Others (Capris, Shorts, etc.)
11.7.1.3. Coverall
11.7.1.4. Others (Caps, Scarfs, etc.)
11.7.2. Jewelry
11.7.2.1. Bracelets
11.7.2.2. Earrings
11.7.2.3. Necklaces
11.7.2.4. Rings
11.7.2.5. Watches
11.7.2.6. Others (Brooches, etc.)
11.7.3. Footwear
11.7.3.1. Shoes
11.7.3.2. Boots
11.7.3.3. Sandals & Heels
11.7.3.4. Others (Flip Flops & Slippers, etc.)
11.7.4. Eyewear (Sunglasses)
11.8. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By End-use, 2020-2035
11.8.1. Men
11.8.2. Women
11.8.3. Kids
11.9. Incremental Opportunity Analysis
12. Kuwait Second-hand Luxury Goods Market Analysis and Forecast
12.1. Country Snapshot
12.2. Demographic Overview
12.3. Key Trend Analysis
12.4. Market Share Analysis
12.5. Consumer Buying Behavior Analysis
12.6. Pricing Analysis
12.6.1. Weighted Average Selling Price (US$)
12.7. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By Product Type, 2020-2035
12.7.1. Clothing
12.7.1.1. Top Wear
12.7.1.1.1. Shirts & T-shirts
12.7.1.1.2. Jackets & Coats
12.7.1.1.3. Others (Tops, Hoodies, etc.)
12.7.1.2. Bottom Wear
12.7.1.2.1. Jeans
12.7.1.2.2. Skirts
12.7.1.2.3. Trousers
12.7.1.2.4. Others (Capris, Shorts, etc.)
12.7.1.3. Coverall
12.7.1.4. Others (Caps, Scarfs, etc.)
12.7.2. Jewelry
12.7.2.1. Bracelets
12.7.2.2. Earrings
12.7.2.3. Necklaces
12.7.2.4. Rings
12.7.2.5. Watches
12.7.2.6. Others (Brooches, etc.)
12.7.3. Footwear
12.7.3.1. Shoes
12.7.3.2. Boots
12.7.3.3. Sandals & Heels
12.7.3.4. Others (Flip Flops & Slippers, etc.)
12.7.4. Eyewear (Sunglasses)
12.8. Second-hand Luxury Goods Market Size (US$ Mn and Million Units), By End-use, 2020-2035
12.8.1. Men
12.8.2. Women
12.8.3. Kids
12.9. Incremental Opportunity Analysis
13. Competition Landscape
13.1. Market Player - Competition Dashboard
13.2. Market Share Analysis (%), 2023
13.3. Company Profiles
13.3.1. DWISI
13.3.1.1. Company Overview
13.3.1.2. Sales Area/Geographical Presence
13.3.1.3. Product Portfolio
13.3.1.4. Key Financials
13.3.1.5. Strategy & Business Overview
13.3.2. Farfetch
13.3.2.1. Company Overview
13.3.2.2. Sales Area/Geographical Presence
13.3.2.3. Product Portfolio
13.3.2.4. Key Financials
13.3.2.5. Strategy & Business Overview
13.3.3. Garderobe
13.3.3.1. Company Overview
13.3.3.2. Sales Area/Geographical Presence
13.3.3.3. Product Portfolio
13.3.3.4. Key Financials
13.3.3.5. Strategy & Business Overview
13.3.4. Gemaee UAE
13.3.4.1. Company Overview
13.3.4.2. Sales Area/Geographical Presence
13.3.4.3. Product Portfolio
13.3.4.4. Key Financials
13.3.4.5. Strategy & Business Overview
13.3.5. La Suite
13.3.5.1. Company Overview
13.3.5.2. Sales Area/Geographical Presence
13.3.5.3. Product Portfolio
13.3.5.4. Key Financials
13.3.5.5. Strategy & Business Overview
13.3.6. Ounass
13.3.6.1. Company Overview
13.3.6.2. Sales Area/Geographical Presence
13.3.6.3. Product Portfolio
13.3.6.4. Key Financials
13.3.6.5. Strategy & Business Overview
13.3.7. Reloved Luxury
13.3.7.1. Company Overview
13.3.7.2. Sales Area/Geographical Presence
13.3.7.3. Product Portfolio
13.3.7.4. Key Financials
13.3.7.5. Strategy & Business Overview
13.3.8. The Closet
13.3.8.1. Company Overview
13.3.8.2. Sales Area/Geographical Presence
13.3.8.3. Product Portfolio
13.3.8.4. Key Financials
13.3.8.5. Strategy & Business Overview
13.3.9. The Luxury Closet
13.3.9.1. Company Overview
13.3.9.2. Sales Area/Geographical Presence
13.3.9.3. Product Portfolio
13.3.9.4. Key Financials
13.3.9.5. Strategy & Business Overview
13.3.10. The Plush Posh
13.3.10.1. Company Overview
13.3.10.2. Sales Area/Geographical Presence
13.3.10.3. Product Portfolio
13.3.10.4. Key Financials
13.3.10.5. Strategy & Business Overview
13.3.11. Other Key Players
13.3.11.1. Company Overview
13.3.11.2. Sales Area/Geographical Presence
13.3.11.3. Product Portfolio
13.3.11.4. Key Financials
13.3.11.5. Strategy & Business Overview
14. Go To Market Strategy
14.1. Who Sells to Whom?
List of Tables
Table 01: Middle East Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Table 02: Middle East Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Table 03: Middle East Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Table 04: Middle East Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Table 05: Middle East Second-hand Luxury Goods Market Value, by Country, US$ Mn, 2020-2035
Table 06: Middle East Second-hand Luxury Goods Market Volume, by Country, Million Units, 2020-2035
Table 07: UAE Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Table 08: UAE Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Table 09: UAE Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Table 10: UAE Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Table 11: Saudi Arabia Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Table 12: Saudi Arabia Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Table 13: Saudi Arabia Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Table 14: Saudi Arabia Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Table 15: Qatar Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Table 16: Qatar Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Table 17: Qatar Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Table 18: Qatar Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Table 19: Kuwait Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Table 20: Kuwait Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Table 21: Kuwait Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Table 22: Kuwait Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
List of Figures
Figure 01: Middle East Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Figure 02: Middle East Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Figure 03: Middle East Second-hand Luxury Goods Market Incremental Opportunity, by Product Type, 2024-2035
Figure 04: Middle East Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Figure 05: Middle East Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Figure 06: Middle East Second-hand Luxury Goods Market Incremental Opportunity, by End-use, 2024-2035
Figure 07: Middle East Second-hand Luxury Goods Market Value, by Country, US$ Mn, 2020-2035
Figure 08: Middle East Second-hand Luxury Goods Market Volume, by Country, Million Units, 2020-2035
Figure 09: Middle East Second-hand Luxury Goods Market Incremental Opportunity, by Country, 2024-2035
Figure 10: UAE Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Figure 11: UAE Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Figure 12: UAE Second-hand Luxury Goods Market Incremental Opportunity, by Product Type, 2024-2035
Figure 13: UAE Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Figure 14: UAE Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Figure 15: UAE Second-hand Luxury Goods Market Incremental Opportunity, by End-use, 2024-2035
Figure 16: Saudi Arabia Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Figure 17: Saudi Arabia Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Figure 18: Saudi Arabia Second-hand Luxury Goods Market Incremental Opportunity, by Product Type, 2024-2035
Figure 19: Saudi Arabia Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Figure 20: Saudi Arabia Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Figure 21: Saudi Arabia Second-hand Luxury Goods Market Incremental Opportunity, by End-use, 2024-2035
Figure 22: Qatar Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Figure 23: Qatar Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Figure 24: Qatar Second-hand Luxury Goods Market Incremental Opportunity, by Product Type, 2024-2035
Figure 25: Qatar Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Figure 26: Qatar Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Figure 27: Qatar Second-hand Luxury Goods Market Incremental Opportunity, by End-use, 2024-2035
Figure 28: Kuwait Second-hand Luxury Goods Market Value, by Product Type, US$ Mn, 2020-2035
Figure 29: Kuwait Second-hand Luxury Goods Market Volume, by Product Type, Million Units, 2020-2035
Figure 30: Kuwait Second-hand Luxury Goods Market Incremental Opportunity, by Product Type, 2024-2035
Figure 31: Kuwait Second-hand Luxury Goods Market Value, by End-use, US$ Mn, 2020-2035
Figure 32: Kuwait Second-hand Luxury Goods Market Volume, by End-use, Million Units, 2020-2035
Figure 33: Kuwait Second-hand Luxury Goods Market Incremental Opportunity, by End-use, 2024-2035
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Middle East Second-hand Luxury Goods Market
*86 figures and 60 tables includes