Global Off-The-Shelf Second-Hand Furniture Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. An Off-The-Shelf Second-Hand Furniture refers to the second-hand furniture. It provides desired furniture at a cost-effective budget. It includes Kitchen Furniture, Dining Furniture, Living Room Furniture, and Others. The Off-The-Shelf Second-Hand Furniture market is expanding because of factors such as rising penetration of internet users and growing demand for cost-effective solutions.
According to Statista in 2022, the adoption of electronic devices is rising all over the world. The consumer electronics market is projected to attain market growth of about USD 1,056.6 billion by 2022. China is estimated to dominate with highest revenue generation in electronic devices i.e., USD 250.9 billion. Further, public inclination towards luxurious lifestyles and growing millennial population are creating lucrative opportunities for the market expansion. However, the threat of substitutes for Off-The-Shelf Second-Hand Furniture equipment hampers the market growth in the forecast period.
The key regions considered for the Global Off-The-Shelf Second-Hand Furniture Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominates the market with highest revenue generation, owing to the rising awareness regarding cost effective products and public inclination towards aesthetic furniture etc. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising disposable income and adoption of luxurious life style across the region in the forecast period.
Major market players included in this report are:
Inter IKEA Systems
Beveraly Hills Chairs
London Aerons Ltd
Recent Developments in the Market:
In April 2021, IKEA has launched its first second hand store that sells recycled and reused products in a mall. It is located in the Re Tuna shopping mall in Sweden . It will only sells only sell refurbished furniture or products made from recycled or renewable materials
Global Off-The-Shelf Second Hand Furniture Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Living Room Furniture,
By Distribution Channel:
Rest of the World