GCC Secondhand Luxury Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The GCC secondhand luxury goods market is currently witnessing strong growth. the market is expected to witness moderate growth during the forecast period (2021-2026). Secondhand luxury goods refer to pre-owned luxury products purchased by a second or later end user. They include clothing, footwear, accessories, handbags, antique furniture, artworks, jewelry, and watches. Secondhand luxury goods are generally sold at bazaar-style fundraisers, charity events, auctions, and privately-owned consignment shops. They aid in preserving natural resources, minimizing the dependence on high-quality raw materials for manufacturing new products, enhancing cost-effectiveness and reducing waste generated during the production of fresh goods. Secondhand luxury goods are usually highly durable and are available with extended warranties, thereby making them suitable for resale and reuse.
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