Luxury resale market to exceed $50 billion in next few years: Report
25 August 2025, Mumbai
The global second-hand luxury market has grown from a niche sector into one of the fastest-growing segments of the fashion industry. As per a recent report by Libaas Collective, the luxury resale market is likely to exceed $50 billion in the next few years, growing at nearly double the rate of the overall luxury market. This exponential growth is driven by a combination of affordability, sustainability, and investment potential. Iconic items like Hermès Birkin bags and Rolex watches often retain or increase in value, making resale an appealing option for both fashion and financial reasons.
Several key trends are fueling this market shift. Advanced authentication technologies, including AI, blockchain, and expert inspections, are building consumer trust and combating counterfeits. The digital transformation of the industry, through online platforms and mobile apps, has made pre-owned luxury items accessible to a global audience. Sustainability is another major driver, as the resale market’s focus on longevity aligns with a growing consumer demand for environmentally responsible choices. Additionally, Millennials and Gen Z are leading this movement, prioritizing affordability and sustainability over traditional notions of exclusivity. The market is also seeing product diversification, with categories expanding beyond handbags and watches to include apparel, fine jewelry, and streetwear.
The normalization of this market is largely due to dedicated online platforms that provide a secure framework for international transactions. These platforms ensure transparency, authenticity, and global accessibility, fundamentally changing how consumers view luxury goods. The future outlook for the second-hand luxury sector remains strong, supported by increasing consumer awareness of sustainable fashion, the continued integration of authentication technologies, and the growing participation of luxury brands themselves in resale initiatives. The second-hand market has become a core component of the fashion industry, reflecting a broader cultural shift toward values of sustainability and expanded access to high-end fashion.
