There is no other iconic and coveted luxury piece than the Birkin bag: its sophisticated design, the sense of exclusivity it exudes, and eye-popping price tag distinguish it among all the other luxury articles. The luxury leather goods industry thrives on the demand generated by the “it bags” like the Birkin bag, and the secondary market for leather goods emerges as the next best chance for those who seek to own one. According to Statista estimates, the
, which included handbags, purses and belts, was worth 2.8 billion U.S. dollars in 2023.
Pre-owned leather goods: a second chance for those who want to bag one
With the widespread use and awareness of specialized online marketplaces for luxury goods such as
Vestiaire Collective,
MyTheresa, and
Rebag, access to once elusive items has been democratized and made more attainable for larger audiences. With more
true luxury consumers purchasing via online channels and secondhand shopping being viewed as a
more sustainable option, the secondary market for leather bags are projected to continue on a steady growth trend, even surpassing luxury watches as the
leading category in the overall secondhand luxury goods market.
Regional outlook and growth
Asia was the leading market for secondhand luxury leather bags. The region already has a strong hand when it comes to
luxury consumption, but competition coming from other regional markets is fierce.
Europe follows Asia closely, matching the 822.5 million U.S. dollars worth Asian market, with a revenue of 623 million U.S. dollars. Overall, the luxury
leather goods market is expected to grow with a compound annual growth rate (CAGR) of 12.8 percent into 2028, reaching 3.8 billion U.S. dollars.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
