Market Overview

The Europe secondhand luxury goods market was valued at USD 19.3 Billion in 2024 and is projected to reach USD 36.3 Billion by 2033, growing at a CAGR of 6.88% during 2025-2033. This growth is driven by consumers’ rising demand for sustainable and affordable fashion, supported by increased digital resale platforms and luxury brand involvement in the resale sector. France holds the largest market share in 2024.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Europe Secondhand Luxury Goods Market Key Takeaways

• Current Market Size: USD 19.3 Billion in 2024
• CAGR: 6.88%
• Forecast Period: 2025-2033
• The market growth is driven by shifting consumer preferences towards sustainability and affordability, particularly among Millennials and Gen Z.
• Rising economic uncertainty and high inflation levels are making pre-owned luxury goods more attractive.
• Digital resale platforms and enhanced authentication services are enhancing consumer trust and facilitating market expansion.
• Major luxury brands are entering the resale market, further legitimizing and strengthening the industry.
• The appeal of rare, vintage, and limited-edition pieces is increasing demand and resale value.
• Online and offline channels together support diverse consumer preferences, with offline remaining dominant in 2024.

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Market Growth Factors

The growth of the secondhand luxury goods market in Europe is driven by the rising demand from consumers for sustainable and affordable fashion, growing awareness of the sustainability impact of the fashion industry, and the trend of adopting the circular economy by purchasing pre-owned luxury products. In 2022, 46.5% of Europeans purchased green apparel with sustainable fashion growing in appeal. Inflation and economic instability have led to higher demand for secondhand luxury purchases as consumers are able to purchase luxury brands at a lower price point, increasing market growth.

Millennials and Generation Z are important target demographics for these marketplaces. 83% of young consumers have bought secondhand. The market expanded because these generations seek unique luxury items. These generations seek vintage luxury items. These generations seek investment-oriented luxury items. These generations seek sustainability. Online resale marketplaces, for example Vestiaire Collective and The Real Real, democratized access to pre-owned luxury and improved the reliability of resale with better authentication services, driving European demand for secondhand luxury goods at both the domestic and cross-border level.

Resale thrived. Luxury brands hopped on board in regard to certified pre-owned programs, buy-back programs, and trade-in programs. They wanted to drive consumer loyalty, attract younger generations, and promote sustainability within. More than 75% of luxury consumers consider a brand's resale efforts when deciding to purchase. Authenticated vintage products intersect with resale-friendly production. These emerging sales channels blur the lines between retail and resale. A circular luxury economy with sustained growth results.

Market Segmentation

By Product Type:

• Jewelry and Watches: The largest segment in 2024, known for timeless value, investment potential, strong authentication, and the appeal of high-end, vintage, and limited-edition pieces.
• Handbags
• Clothing
• Small Leather Goods
• Footwear
• Accessories
• Others

By Demography:

• Men: Leading the market in 2024, driven by interest in high-end watches (e.g., Rolex, Audemars Piguet), rare streetwear, and sustainability-conscious fashion resale.
• Women
• Unisex: Includes designer sneakers and leather goods appealing across traditional gender lines, expanding market growth.

By Distribution Channel:

• Offline: Dominant in 2024, favored for trust, tactile experience, personalized services, and venues like consignment boutiques and vintage stores.
• Online: Growing rapidly, offering convenient access and improved authentication services with seamless payment and shipping.

By Country:

• France: Largest market share in 2024, supported by fashion heritage, Parisian luxury culture, and platforms like Vestiaire Collective.
• Italy
• United Kingdom
• Germany
• Russia
• Spain
• Others

Regional Insights

France dominates the Europe secondhand luxury goods market in 2024, attributable to its rich fashion heritage and luxury culture centered in Paris. The country attracts both local and international buyers seeking authenticated vintage items and benefits from strong consumer trust supported by strict counterfeit laws. Leading French platforms have global reach, and luxury brands' commitment to circular fashion further elevates France's market position.

Recent Developments & News

• April 2025: Faume raised €8 million (USD 9.1 Million) to expand its resale platform across Europe, aiming to support 150 brands within four years and expanding to the UK and Italy. Since 2020, it has facilitated sales of 300,000 secondhand premium fashion pieces, 40% sold outside France.
• October 2024: Vestiaire Collective celebrated its 15th anniversary with a special sale of over 100 secondhand luxury items priced at USD 15, highlighting its use of AI for improving user experience.
• October 2024: Vinted raised EUR 340 Million (USD 366.8 Million) in funding led by TPG, valuing the company at EUR 5 Billion (USD 5.4 Billion), to accelerate secondhand fashion adoption and enhance services across Europe.
• September 2024: eBay UK launched a luxury consignment service for pre-owned designer handbags in partnership with Luxe Collective, building on Authenticity Guarantee.
• September 2024: Hatton Jewels partnered with Antiques Roadshow’s Ishy Khan to launch expert insights into pre-owned and antique jewellery through social media, focusing on reselling rare vintage pieces.

Key Players

• Buddy & Selly
• CHRONEXT GmbH
• Collector Square
• FARFETCH UK Limited
• Fashionphile Group LLC
• Love Luxury
• Rewind Vintage Affairs
• The RealReal Inc.
• Vestiaire Collective

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