From Rags to Riches
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?
Key Contacts
Ankul Wangoo
Associate Partner
Mostyn Goodwin
Partner
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?
Key Contacts
Ankul Wangoo
Associate Partner
Mostyn Goodwin
Partner
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