Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Off-The-Shelf Second Hand Furniture Market is Segmented By Type (Kitchen Furniture, Dining Furniture, Living Room Furniture, Bathroom Furniture, Indoor Furniture, and Outdoor Furniture), By Application (Residential, and Commercial), By Distribution Channel (Online, and Offline), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report offers market size and forecast values for the Off-The-Shelf Second Hand Furniture Market in (USD) for the above segments.

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Second Hand Furniture Market Size

Off-the-Shelf Second Hand Furniture Market Summary
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Study Period 2019-2028
Market Size (2023) USD 21.30 Billion
Market Size (2028) USD 29.28 Billion
CAGR (2023 - 2028) 6.57 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order
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Second Hand Furniture Market Analysis

The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028).

The market is increasing due to the rising availability of second-hand furniture products across online and offline channels. Consumers are adopting various furniture designs which can meet their needs. The adoption of second-hand furniture is getting influenced by the availability of products at an attractive price range which is expected to affect the significant demand for second-hand furniture in upcoming years.

The COVID-19 crisis has altered how people shop by adapting to new technologies. Shopping for furniture is now a decision to buy virtually. On average, second-hand furniture is more than 50% cheaper, allowing consumers access to the products at comparatively less cost. Low cost being the primary factor, is estimated to expand the market.

The rising millennial population has been paving the way for rising sales through online channels. This will positively impact the supply of second-hand furniture through online media. The market's growth is owing to the cost-saving benefits of second-hand furniture and the increasing desire of consumers to save money across the globe.

Second Hand Furniture Market Trends

Offline Distribution Channel is Dominating the Market

The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period.

Off-the-Shelf Second Hand Furniture Market Share, By Distribution Channel, In %, 2021

Asia-Pacific is Expected to Witness the Highest Growth

The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market. 

Additionally, ease of accessibility, availability of a large variant of products coupled with comparatively low cost of second-hand furniture is anticipated to drive the growth market in the region during the forecast period. Countries such as China, Japan, and India have the most prominent market in the region.

Off-The-Shelf Second Hand Furniture Market - 02

Second Hand Furniture Industry Overview

The report covers major international players operating in the Off-the-Shelf Second Hand Furniture Market. The Indian mattress market is domestically dominated by players such as IKEA, Beverly Hills Chairs, Steelcase, London Aerons, and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Second Hand Furniture Market Leaders

  1. Ikea

  2. Beverly Hills Chairs

  3. Steelcase

  4. London Aerons

  5. Rework Chicago

*Disclaimer: Major Players sorted in no particular order

Off-The-Shelf Second Hand Furniture Market Concentration

Second Hand Furniture Market News

  • In March 2023, IKEA proposes major Richmond store expansion, growing by 50% in size. The company submitted a development permit application to the municipal government to seamless perform a major building expansion of the existing building at 3320 Jacombs Road
  • In June 2022, IKEA launched GREAKER, a new cabinet with drawers with added safety and stability features designed to decrease one of the furnishing industry's most serious safety issues furniture tip over.

Second Hand Furniture Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights on Technological Innovations in the Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Dining Furniture

      3. 5.1.3 Living Room Furniture

      4. 5.1.4 Bathroom Furniture

      5. 5.1.5 Indoor Furniture

      6. 5.1.6 Outdoor Furniture

    2. 5.2 By Application

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 By Distribution Channel

      1. 5.3.1 Online

      2. 5.3.2 Offline

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IKEA

      2. 6.1.2 Beveraly Hills Chairs

      3. 6.1.3 Steelcase

      4. 6.1.4 London Aerons

      5. 6.1.5 Rework Chicago

      6. 6.1.6 eBay Inc.

      7. 6.1.7 Craiglist

      8. 6.1.8 Etsy

      9. 6.1.9 Amazon

      10. 6.1.10 Yelp*

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

Second Hand Furniture Industry Segmentation

A complete background analysis of the Off-the-Shelf Second Hand Furniture Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics, and a market overview, is covered in the report. 

The Off-The-Shelf Second Hand Furniture Market is Segmented By Type (Kitchen Furniture, Dining Furniture, Living Room Furniture, Bathroom Furniture, Indoor Furniture, and Outdoor Furniture), By Application (Residential, and Commercial), By Distribution Channel (Online, and Offline), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report offers market size and forecast values for the Off-The-Shelf Second Hand Furniture Market in (USD) for the above segments.

By Type
Kitchen Furniture
Dining Furniture
Living Room Furniture
Bathroom Furniture
Indoor Furniture
Outdoor Furniture
By Application
Residential
Commercial
By Distribution Channel
Online
Offline
Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa

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Second Hand Furniture Market Research FAQs

The Off-The-Shelf Second Hand Furniture Market size is expected to reach USD 21.30 billion in 2023 and grow at a CAGR of 6.57% to reach USD 29.28 billion by 2028.

In 2023, the Off-The-Shelf Second Hand Furniture Market size is expected to reach USD 21.30 billion.

Ikea, Beverly Hills Chairs, Steelcase, London Aerons and Rework Chicago are the major companies operating in the Off-The-Shelf Second Hand Furniture Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia Pacific accounts for the largest market share in Off-The-Shelf Second Hand Furniture Market.

Off The Shell Second Hand Furniture Industry Report

Statistics for the 2023 Off-The-Shelf Second Hand Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Off-The-Shelf Second Hand Furniture analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Off-The-Shelf Second Hand Furniture Market Report Snapshots

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