The second hand designer shoes market is estimated to capture a valuation of US$ 455.5 million in 2023. The market is expected to grow at a CAGR of 7.6% during the forecast period and is estimated to be valued at US$ 947.7 million by 2033.
How are Consumers Preferring Secondhand Designer Shoes?
Consumers prefer secondhand designer shoes for various significant reasons. These are as follows:
- Cost Savings: Designer shoes are comparatively more expensive than those with various brands globally. Consumers prefer secondhand designer shoes at a reduced price from the original ones. This affordability attracts consumers to buy luxury shoes without much expense.
- Sustainability and Ethical Considerations: Consumers are more concerned about environmental impact. The footwear owners offer eco-friendly and cost-effect shows with ethical fashion practices. Consumers are buying pre-design shoes to reduce waste, increase the span of life of products and promote sustainability.
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- Unique and Vintage Appeal: Consumers looking for vintage and unique style shoes are increasingly adopting secondhand designer shoes. Consumers prefer pre-design, distinct style, and limited edition shoes rarely found in retail stores.
- Quality and Durability: Secondhand designer shoes are durable and reliable. Consumers buy high-quality and luxury brand shoes to drive market growth. These shoes are soft, long-lasting, and provide excellent money value.
- Access to Wider Selection: Secondhand designer shoes are available in online and offline retail in huge quantities and different styles, sizes, and collections. Consumers seek to personalize, and exclusive shoes are expanding the global market size.
- Resale Value: Consumers are looking for better shoes to invest them. They take their efforts in branded and stylish shoes to resale them later. This perspective attracts consumers to increase the demand for secondhand designer shoes.
Key Takeaways:
- The secondhand designer shoes market is estimated to capture a valuation of US$ 455.5 million with a CAGR of 7.6% by 2033.
- The United States is estimated to register a share of 12.5% in the global market by 2033.
- With a share of 4.7%, Germany is securing a share of the global market during the forecast period.
- Japan is estimated to capture a share of 4.1% of the global market by 2033.
- With a share of 1.9%, Australia is anticipated to drive the market size during the forecast period.
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Key Companies Profiled
- ASOS Marketplace
- Depop
- Grailed
- Jane
- Mosh Posh
- Rebelle
- The RealReal
- Tradesy
- Vestiaire Collective
- Zulily
Recent Developments in the Global Market are:
In 2022, Depop announced its partnership with EcoEnclose to increase its production in sustainable packaging in the United States.
Second Hand Designer Shoes Market Segmentation
By End Use:
- Men
- Women
- Children
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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