Global Off-the-Shelf Second Hand Furniture Market Overview
According to SPER Market Research, the Global Off-the-Shelf Second Hand Furniture Market is estimated to reach USD 43.99 billion by 2032 with a CAGR of 10.39%.
Off-the-shelf second-hand furniture refers to furniture items that were previously owned and used by someone else but are now being sold in a store. These items are not custom-made or new, but rather are pre-owned furniture pieces that can be purchased as-is, without any modifications or alterations. For example, if someone buys a sofa from a furniture store, uses it for a few years, and then decides to sell it, that sofa may end up being sold as off-the-shelf second-hand furniture. Other examples of such furniture include dining tables, chairs, beds, and dressers, among others. Buying second-hand furniture can be a more affordable way to furnish a home, and it can also be a sustainable choice since it prevents furniture from going to waste.
The global off-the-shelf second hand furniture market is influenced by a number of factors. One of the most important factors is the cost-effectiveness of second-hand furniture. This is because these products are already used and therefore are generally cheaper than new furniture, making them an attractive option for budget-conscious consumers. Additionally, the growing concern for sustainability and environmental conservation is also driving the demand for second-hand furniture. As people become more aware of the impact of their consumption on the environment, they are increasingly turning to second-hand goods as a way to reduce waste and extend the lifespan of products. Finally, the rise of online marketplaces and e-commerce platforms has also made it easier for consumers to buy and sell second-hand furniture, driving the growth of the global market.
Furthermore. the global off-the-shelf second hand furniture market faces several challenges. One of the main challenges is the competition from new furniture. Many consumers prefer to buy new furniture because of the perception that it is more durable and of better quality than second-hand furniture. Additionally, the availability of second-hand furniture can be limited in certain areas, which makes it difficult for consumers to find the pieces they are looking for. Another challenge is the need for reliable and efficient shipping and logistics, as many second-hand furniture sellers operate on a small scale and may not have the resources to handle large volumes of orders. Furthermore, the market is highly fragmented, with many small sellers operating independently, which makes it difficult to establish a standardized pricing and quality system. Finally, the stigma associated with buying used goods can also be a challenge, as some consumers may be hesitant to purchase second-hand furniture due to concerns about cleanliness and hygiene.
Impact of COVID-19 on the Global Off-the-Shelf Second Hand Furniture Market
The COVID-19 pandemic possesses a significant impact on the global off-the-shelf second hand furniture market. With many people staying at home and working remotely, there has been a surge in demand for furniture that is both comfortable and affordable. As a result, the demand for second-hand furniture has increased. However, at the same time, the pandemic has also disrupted supply chains and caused delays in shipping and logistics, which has affected the availability of second-hand furniture. Additionally, many physical stores have had to close temporarily or reduce their hours, leading to a greater reliance on online marketplaces and e-commerce platforms. Despite these challenges, the market is expected to continue to grow as people look for sustainable and affordable alternatives to new furniture.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application, By Distribution Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Amazon, Beveraly Hills Chairs, Craiglist, eBay Inc., Etsy, Inter IKEA, London Aerons, Rework Chicago, Steelcase, Yelp
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Global Off-the-Shelf Second Hand Furniture Market Segmentation:
1. By Type:
- Bathroom Furniture
- Dining Furniture
- Indoor Furniture
- Kitchen Furniture
- Living Room Furniture
- Outdoor Furniture
2. By Application:
3. By Distribution Channel:
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Off-the-Shelf Second Hand Furniture Market (FY’2019-FY’2032)
- Overview of Global Off-the-Shelf Second Hand Furniture Market
- Segmentation of Global Off-the-Shelf Second Hand Furniture Market By Type (Bathroom Furniture, Dining Furniture, Indoor Furniture, Kitchen Furniture, Living Room Furniture, Outdoor Furniture)
- Segmentation of Global Off-the-Shelf Second Hand Furniture Market By Application (Commercial, Residential)
- Segmentation of Global Off-the-Shelf Second Hand Furniture Market By Distribution Channel (Offline, Online)
- Statistical Snap of Global Off-the-Shelf Second Hand Furniture Market
- Global Off-the-Shelf Second Hand Furniture Market Growth Analysis
- Problems and Challenges in Global Off-the-Shelf Second Hand Furniture Market
- Global Off-the-Shelf Second Hand Furniture Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Off-the-Shelf Second Hand Furniture Market
- Details on Recent Investment in Global Off-the-Shelf Second Hand Furniture Market
- Competitive Analysis of Global Off-the-Shelf Second Hand Furniture Market
- Major Players in the Global Off-the-Shelf Second Hand Furniture Market
- SWOT Analysis of Global Off-the-Shelf Second Hand Furniture Market
- Global Off-the-Shelf Second Hand Furniture Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Off-the-Shelf Second Hand Furniture Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Off-the-Shelf Second Hand Furniture Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Off-the-Shelf Second Hand Furniture Market
7. Global Off-the-Shelf Second Hand Furniture Market, By Type, 2019-2032 (USD Million)
7.1 Bathroom Furniture
7.2 Dining Furniture
7.3 Indoor Furniture
7.4 Kitchen Furniture
7.5 Living Room Furniture
7.6 Outdoor Furniture
8. Global Off-the-Shelf Second Hand Furniture Market, By Application, 2019-2032 (USD Million)
8.1 Commercial
8.2 Residential
9. Global Off-the-Shelf Second Hand Furniture Market, By Distribution Channel, 2019-2032 (USD Million)
9.1 Offline
9.2 Online
10. Global Off-the-Shelf Second Hand Furniture Market, By Region, 2019-2032 (USD Million)
10.1 Global Off-the-Shelf Second Hand Furniture Market and Market Share by Region (2019-2025)
10.2 Global Off-the-Shelf Second Hand Furniture Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Amazon
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Beveraly Hills Chairs
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Craiglist
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 eBay Inc.
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Etsy
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Inter IKEA
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 London Aerons
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Rework Chicago
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Steelcase
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Yelp
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
