Product Code: GVR-4-68040-257-7
Second-hand Furniture Market Growth & Trends:
The global second-hand furniture market size is anticipated to reach USD 56.66 billion by 2030, growing at a CAGR of 7.7% during the forecast period, according to a new report by Grand View Research, Inc.The surge in environmental awareness and a heightened focus on sustainable lifestyles is encouraging consumers to opt for used furniture, driving the market growth. Cost-effectiveness is another key factor driving the demand for second-hand furniture.
Collaborations and partnerships play a prominent role in the second-hand furniture industry, online platforms such as Made.com and Geev are facilitating seamless buying and selling of second-hand furniture through a partnership, contributing to market growth by providing convenience and accessibility to consumers. The collaboration between online marketplaces and furniture providers, home retailers, and home improvement centers empowers customers to embrace circular economy practices.
Consumer preferences in the second-hand furniture industry are increasingly shaped by a combination of sustainability, cost-effectiveness, and convenience. There is a growing inclination towards pre-owned items driven by heightened environmental consciousness, with consumers opting for sustainable living practices. Additionally, the convenience offered by online platforms for easy buying and selling aligns with the modern lifestyle. Factors such as affordability, reduced environmental impact, and the ease of online transactions, collectively contribute to rising consumer preferences for second-hand furniture.
The cost-effectiveness of purchasing used furniture is a key motivator for consumers, appealing to budget-conscious individuals seeking quality and sustainability. AptDeco, an online marketplace, highlighted that it offers second-hand furniture at up to 70% savings from renowned brands. In November 2022, AptDeco, an online furniture resale marketplace, expanded across the U.S. through national shipping, establishing itself as the sole end-to-end platform for all furniture resales. This initiative broadens accessibility, promoting a circular economy by prolonging the lifespan of home furnishings and mitigating furniture waste sent to landfills.
Second-hand Furniture Market Report Highlights:
- In 2023, second-hand bed sales accounted for a 24.15% revenue share, primarily driven by the growing awareness of sustainable living practices, compelling consumers to choose pre-owned beds and minimize their environmental footprint.
- The sale of second-hand plastic furniture is projected to grow at a CAGR of 8.7% from 2024 to 2030. This is mainly due to its maintenance-free nature, eliminating the need for expensive paintings or rust prevention. The increasing recyclability of plastic its affordability, style, light-weight, and versatility make it an appealing option for diverse interiors.
- Commercial second-hand furniture sales are projected to grow at a CAGR of 9.1% from 2024 to 2030.The cost-effectiveness of second-hand furniture for businesses seeking budget optimization without compromising on a professional and aesthetically pleasing workspace is one of the key factors driving the market growth in commercial settings.
- In 2023, Asia Pacific accounted for a 32.45% share of global second-hand furniture sales, owing to the region's growing urbanization and evolving consumer lifestyles. The increased demand for second-hand furniture in Asia Pacific is further fueled by a surge in relocations for job opportunities, education, and lifestyle changes, particularly notable in countries like India.
- In April 2022, IKEA established its Buy Back & Resell program in the U.S., enabling customers to exchange fully assembled and functional used furniture for store credit. The initiative is a move towards fostering sustainability within the furniture industry.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Product Outlook
- 2.3. Material Outlook
- 2.4. Application Outlook
- 2.5. Regional Outlook
- 2.6. Competitive Landscape Snapshot
Chapter 3. Second-hand Furniture Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors affecting Buying Behavior
- 4.4. Consumer Product Adoption
- 4.5. Key Findings & Recommendations
Chapter 5. Second-hand Furniture Market: Product Estimates & Trend Analysis
- 5.1. Second-hand Furniture Market, By Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2023 & 2030
- 5.3. Market Estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
- 5.3.1. Beds
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.2. Tables & Desks
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.3. Sofa & Couch
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.4. Chairs & Stools
- 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.5. Cabinets & Shelves
- 5.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.6. Others
- 5.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 6. Second-hand Furniture Market: Material Estimates & Trend Analysis
- 6.1. Second-hand Furniture Market, By Material: Key Takeaways
- 6.2. Material Movement Analysis & Market Share, 2023 & 2030
- 6.3. Market Estimates & Forecasts, by material, 2018 - 2030 (USD Billion)
- 6.3.1. Metal
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Wood
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.3. Plastic
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.4. Glass
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.5. Others
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 7. Second-hand Furniture Market: Application Estimates & Trend Analysis
- 7.1. Second-hand Furniture Market, By Application: Key Takeaways
- 7.2. Application Movement Analysis & Market Share, 2023 & 2030
- 7.3. Market Estimates & Forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.1. Residential
- 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.3.2. Commercial
- 7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 8. Second-hand Furniture Market: Regional Estimates & Trend Analysis
- 8.1. Second-hand Furniture Market: Regional Outlook
- 8.2. Regional Marketplaces: Key Takeaways
- 8.3. Market Estimates & Forecasts, by region, 2018 - 2030 (USD Billion)
- 8.3.1. North America
- 8.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.1.2. U.S.
- 8.3.1.2.1. Key country dynamics
- 8.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.1.3. Canada
- 8.3.1.3.1. Key country dynamics
- 8.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.1.4. Mexico
- 8.3.1.4.1. Key country dynamics
- 8.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2. Europe
- 8.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2.2. Germany
- 8.3.2.2.1. Key country dynamics
- 8.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2.3. UK
- 8.3.2.3.1. Key country dynamics
- 8.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2.4. France
- 8.3.2.4.1. Key country dynamics
- 8.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2.5. Italy
- 8.3.2.5.1. Key country dynamics
- 8.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.2.6. Spain
- 8.3.2.6.1. Key country dynamics
- 8.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.3. Asia Pacific
- 8.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.3.2. China
- 8.3.3.2.1. Key country dynamics
- 8.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.3.3. Japan
- 8.3.3.3.1. Key country dynamics
- 8.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.3.4. India
- 8.3.3.4.1. Key country dynamics
- 8.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.3.5. Australia
- 8.3.3.5.1. Key country dynamics
- 8.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.4. Central & South America
- 8.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.4.2. Brazil
- 8.3.4.2.1. Key country dynamics
- 8.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.5. Middle East & Africa
- 8.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.5.2. South Africa
- 8.3.5.2.1. Key country dynamics
- 8.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 8.3.5.3. Saudi Arabia
- 8.3.5.3.1. Key country dynamics
- 8.3.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 9. Second-hand Furniture Market: Competitive Analysis
- 9.1. Recent developments & impact analysis, by key market participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. IKEA
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Portfolios
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Envirotech Products Company
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Portfolios
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Beverly Hills Chairs
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Steelcase Inc.
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Portfolios
- 9.9.4.4. Strategic Initiatives
- 9.9.5. Second Hand Office Furniture Co.
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Portfolios
- 9.9.5.4. Strategic Initiatives
- 9.9.6. Pottery Barn
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Portfolios
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Rework Office Furniture
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Portfolios
- 9.9.7.4. Strategic Initiatives
- 9.9.8. Thrift Super Store
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Portfolios
- 9.9.8.4. Strategic Initiatives
- 9.9.9. Almost Perfect Furniture
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Portfolios
- 9.9.9.4. Strategic Initiatives
- 9.9.10. OneUp Furniture
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Portfolios
- 9.9.10.4. Strategic Initiatives