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Second-hand Homeware Market Trends

Report ID: GMI10060
Published Date: Jun 2024
Report Format: PDF

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.