Market Size of Off-The-Shelf Second Hand Furniture Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 22.70 Billion |
| Market Size (2029) | USD 31.20 Billion |
| CAGR (2024 - 2029) | 6.57 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*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 22.70 billion in 2024, and is expected to reach USD 31.20 billion by 2029, growing at a CAGR of 6.57% during the forecast period (2024-2029).
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.
