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Second-hand Homeware Market Share
The second-hand homeware industry is fragmented, with several regional companies operating on a global scale. In 2023, IKEA Retail, The RealReal, Inc., Goodwill Industries International, Inc., Williams-Sonoma, Inc., and Wayfair Inc. led the market. These companies strategically utilize mergers, acquisitions, partnerships, and facility expansions to grow their customer base, diversify their product offerings, and solidify their position in the market. Additionally, they harness their extensive distribution networks and resources to explore opportunities in new markets.
Second-hand Homeware Market Companies
Major players operating in the second-hand homeware industry are:
- 1stDibs.com, Inc.
- AptDeco, Inc.
- Chairish, Inc.
- eBay Inc.
- Goodwill Industries International, Inc.
- IKEA Retail
- Kaiyo Inc.
- Letgo
- Mercari, Inc.
- OfferUp Inc.
- Rejuvenation, Inc.
- The RealReal, Inc.
- Trove Marketplace, Inc.
- Vinterior Group Ltd.
- Wayfair Inc.
Who are the leading second-hand homeware industry players?
1stDibs.com, Inc., AptDeco, Inc., Chairish, Inc., eBay Inc., Goodwill Industries International, Inc., IKEA Retail, Kaiyo Inc., Letgo , Mercari, Inc., and OfferUp Inc., among others.
Why is the second-hand homeware industry booming in North America?
North America second-hand homeware market held 37% revenue share in 2023 driven by consumer preference for cost-effective used furniture and sustainability efforts like IKEA's buy-back initiatives, supported by robust e-commerce platforms and mobile apps facilitating convenient transactions.
Why is the demand for second-hand furniture rising?
The furniture segment in the market is expected to reach USD 20.7 billion by 2032 owing to the rising trend in used furniture among budget-conscious consumers and the push for sustainability through resale and recycling initiatives.
What is the size of the second-hand homeware market?
Global second-hand homeware industry was valued at USD 28.5 billion in 2023 and is anticipated to register 5.4% CAGR between 2024 and 2032 due to the sustainability and environmental concerns along with increased acceptance of pre-owned goods.