Second-hand Homeware Market - By Product Type (Furniture, Home Décor, Kitchenware, Tableware, Textiles), By Condition (New [Unused], Used), By Price Range, By Application, By Distribution Channel, Forecast 2024 - 2032

Second-hand Homeware Market Size

Second-hand Homeware Market size was valued at around USD 28.5 billion in 2023 and is estimated to register a CAGR of around 5.4% between 2024 and 2032. Customers are buying used household items to reduce wastage and lower their carbon footprint as they become more conscious of environmental deterioration and climate change. People are increasingly inclined to buy & sell used goods to prolong their lifespan as they support the circular economy, which recycles and reuses resources.
 

The accessibility of pre-owned household items might differ significantly based on one's geographical location, with certain areas offering a reduced selection. Buyer options may be limited by the rarity of certain homeware categories in the used market. Potential customers may lose faith in used home goods due to their variable quality. It can be difficult for purchasers to assess fair value for used goods as prices might vary widely.
 

Second-hand Homeware Market Trends

E-commerce platforms make life easier by offering features such as home delivery, safe payment options, and diverse product selections. Customers can easily browse and purchase a variety of used homeware items from online marketplaces such as Chairish, eBay, and Kaiyo. Governments across the globe are mandating laws that encourage recycling and product reuse to decrease landfill wastage.
 

Second-hand Homeware Market Analysis

Based on product type, the market is segmented into furniture, home décor, kitchenware, tableware, textiles, and others. In 2023, the furniture segment accounted for a revenue of around USD 12.6 billion and is expected to reach USD 20.7 billion by 2032. Used furniture is a popular choice among consumers on a tight budget, such as families, young professionals, and students, due to its substantial cost savings over new furniture. As a part of its sustainability activities, numerous furniture firms and platforms are encouraging furniture resale. Buy-back initiatives have been implemented by companies, such as IKEA, to promote furniture recycling & reuse. Choosing used furniture instead of new to reduce waste and lessen the environmental impact of furniture manufacturing is a decision that appeals to ethical consumers.
 

Based on the condition, the second-hand homeware market is segmented into new (unused) and used. In 2023, the used segment emerged dominant, commanding a market share of around 71%, and is expected to reach 72% by 2032. Used home furnishings, such as cookware, furniture, and décor, are often less expensive than new products, making them more affordable for a wider variety of buyers, particularly those on a tight budget. Used home goods can be easily bought and sold by customers from the comfort of their homes owing to online marketplaces such as eBay, Chairish, and AptDeco. Reuse is encouraged by the sharing of ideas for DIY projects, upcycling, and home design, utilizing used homeware via online communities on sites such as Pinterest and Instagram.
 

North America held the largest market share of around 37% in 2023 and is anticipated to reach USD 17.3 billion by 2032. Craigslist, eBay, and Facebook Marketplace are among the biggest and most sophisticated e-commerce sites for used household goods in North America. These international platforms make it easier to buy & sell old goods between countries. Customers may buy & sell used home goods more easily and conveniently with the help of mobile apps, including Letgo, OfferUp, and Kijiji, which provide user-friendly interfaces. To further legitimize and assist the second-hand market, major companies, such as West Elm and IKEA, have implemented programs or departments devoted to the resale of used furniture and home decor.
 

The U.S. dominated the second-hand homeware market with a revenue of over USD 8.2 billion in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period. In the U.S., the tendency toward urban life results in fewer living areas and an increased need for adaptable, reasonably priced home furnishings, which are frequently obtained from the secondary market. Temporary furnishings are in high demand due to the growth of short-term rental services, such as Airbnb, and they are frequently purchased from the second-hand market. Craigslist and local classifieds are examples of platforms that help people buy & sell used household goods locally, fostering a healthy local economy.
 

Germany dominated the Europe second-hand homeware market with a revenue of around USD 2 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2032. The country has a long-standing tradition of recycling & reusing products, especially household items. Buying secondhand goods is generally tolerated across all social strata, and thrift stores & flea markets are common. German shoppers are driven to look for reasonably priced second-hand homeware due to the high living costs and an emphasis on value for money. Leading online marketplaces, such as eBay, Kleinanzeigen, and Shpock, which enable local and worldwide buying & selling of used household goods, are based in Germany.
 

China dominated the Asia Pacific second-hand homeware market with a revenue of around USD 2.1 billion in 2023 and is expected to reach around USD 5.5 billion by 2032. Chinese buyers are becoming more interested in customized and one-of-a-kind home goods, which are frequently found in the secondary market. There is an increasing need for reasonably priced second-hand homeware as a result of rapid urbanization and the migration of people from rural to urban areas, which frequently results in housing modifications. With the help of some of the biggest and most advanced e-commerce sites in the world, including Zhuanzhuan, JD.com, and Alibaba's Idle Fish (Xianyu), millions of people may now purchase used household goods, thus it will enhance business demand.
 

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.
   

Second-hand Homeware Market News

• In May 2023, Ingka Group acquired Made4net, a prominent provider of supply chain software solutions based in the U.S., specializing in retail fulfillment. This strategic move aimed to enhance Ingka Group's order fulfillment capabilities, ensuring a seamless end-to-end customer experience. This acquisition is expected to result in one of the largest implementations of a Warehouse Management Solution (WMS) on a global scale, significantly boosting operational capacity.
   
• In November 2022, APTDECO unveiled its nationwide expansion with the introduction of nationwide shipping. This expansion aimed to provide furniture buyers & sellers throughout the country with a convenient, cost-effective, and secure means to engage in furniture resale, while also making a positive environmental impact. APTDECO's resale platform stands out as the sole end-to-end marketplace in the nation that accepts and lists all types of furniture resale items.
   

The second-hand homeware market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume (USD million) & revenue (USD billion) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Furniture
  • Sofa
  • Chairs
  • Tables
  • Beds
  • Dressers
  • Others
• Home Decor
  • Wall art
  • Mirror
  • Carpet & rugs
  • Others
• Kitchenware
  • Cookware
  • Bakeware
  • Dinnerware
  • Others
• Tableware
• Textiles
• Others

Market, By Condition

• New (unused)
• Used
  • Excellent condition
  • Good condition
  • Fair condition
  • Poor condition

Market, By Price Range

• Fixed
• Auction
• Negotiable

Market, By Distribution Channel

• Online
  • E-commerce
  • Company website
• Offline
  • Consignment shops
  • Thrift stores
  • Other physical stores (pop-up shops, etc)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA