US Luxury Resale Shoppers
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10 Minds
Description
US Luxury Resale Shoppers are a fast-growing consumer segment spanning Gen Z, Millennials, and affluent Gen X buyers who purchase pre-owned designer goods across apparel, handbags, watches, and fine jewelry through online and consignment channels. The US market is valued at $8.65B in 2024 and projected to reach $13.04B by 2030 (CAGR 7.07%), with female shoppers comprising roughly 70% of buyers and Millennials the largest age cohort. Sustainability, price accessibility, and access to rare items are the dominant purchase motivations, with the secondhand luxury segment growing three times faster than the firsthand luxury market.
GenderDemographic
- 70%
- 30%
AgeDemographic
- 22%
- 45%
- 22%
- 11%
Segmentbroader proxyDemographic
- 48%
- 32%
- 20%
ChannelBehavioral
- 62%
- 25%
- 13%
Product Category PurchasedBehavioral
- 38%
- 28%
- 18%
- 16%
Primary Purchase MotivationPsychographic
- 35%
- 40%
- 15%
- 10%
Market Growth OutlookBehavioral
- 1US luxury resale market (2024 baseline, $8.65B)100%
- 2Projected to $13.04B by 2030 (CAGR 7.07%)100%