Report giovedì 16 Marzo 2023

From Rags to Riches

All'interno del report

The estimated

$180bn

second-hand goods is equivalent to the GDP of Greece and Australia.

Of this,

$90bn

is transacted through online marketplaces.

of

Fifteen years ago, when we heard the word ‘second-hand’, car boot sales and charity shops sprung to mind.

Today, it’s come to mean something very different. The second-hand goods market (outside of China) is worth $180bn, dwarfed by the second-hand market for autos, but still as large as the GDP of Greece.

This growth began with the internet, but it was the shift to online marketplaces that revolutionised the sector.

What we cover in this report

  • How big is the second-hand market?
  • Why is it so popular?
  • What are the key factors driving second-hand growth?
  • How is it transforming business models?
  • What’s in store for the future of second-hand?
  • What are the implications for companies and investors?

Contatti chiave

Mostyn Goodwin

Mostyn Goodwin

Partner

Ankul Wangoo

Ankul Wangoo

Associate Partner

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