Second-hand Furniture Market size was over USD 37 billion in 2024 and is estimated to reach USD 92.1 billion by the end of 2037, expanding at a CAGR of 7.9% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of second-hand furniture is assessed at USD 22.2 billion.
With growing concerns about environmental impact, consumers are increasingly opting for second-hand furniture as an eco-friendly alternative to new pieces. More than 70% of consumers are willing to pay an extra 5% for a green product, such as furniture, if it meets the same criteria as an alternative, according to a survey with 1000 respondents that was performed in the US and Europe. Less than 10% of respondents said they would select green products if the price premium rose by up to 25%, indicating that it relies on the premium. Purchasing used furniture helps reduce waste, conserve resources, and lower carbon footprints, which resonates with sustainability-conscious consumers.
Additionally, the trend toward vintage and unique home decor has fueled demand for second-hand furniture. Consumers are drawn to distinctive, often high-quality pieces that may not be available in modern retail stores. The home furnishings resale sector is expected to rise by 29% over the next five years, compared to its peak in 2021.
The industry for retro, antique, one-of-a-kind furniture items is growing, particularly among those looking for something different from mass- for something different from mass-produced items.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.9% |
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Base Year Market Size (2024) |
USD 37 billion |
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Forecast Year Market Size (2037) |
USD 92.1 billion |
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Regional Scope |
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Material (Metal, Wood, Plastic, Glass, Others)
By material, the wood segment is projected to dominate second-hand furniture market share of over 42.7% by 2037. The segment’s growth is attributed to its durability, timeless appeal, and eco-friendly attributes. . Wooden furniture often maintains its structural integrity and aesthetic charm over time, making it a preferred choice for resale. Consumers value the craftsmanship and uniqueness of older wooden pieces, which are often superior to modern mass-produced alternatives. Additionally, purchasing second-hand wooden furniture aligns with sustainability trends, as it reduces waste and promotes resource conversation. The rising preference for vintage and rustic home décor styles further boosts demand for pre-owned wooden furniture, solidifying its position as a key segment in the market.
Application (Residential, Commercial)
Based on application, the residential segment is poised to garner the majority of the second-hand furniture market share. The segment’s growth is due to rising consumer awareness of sustainability and cost-effectiveness. According to a survey that was conducted in 18 different foreign markets, 36% of respondents worldwide indicated they would be open to buying used furniture. Homeowners and renters, particularly younger generations, are opting for pre-owned furniture as a budget-friendly alternative to new items while contributing to environmental conservation. The trend of personalizing living space with unique, vintage, or high-quality second-hand pieces also drive demand. Additionally, the flexibility offered by second-hand furniture appeals to urban dwellers and frequent movers who prioritize practicality. The ease of buying through online platforms and the growing acceptance of second-hand goods have further boosted this segment’s growth in the second-hand furniture market.
Our in-depth analysis of the global market includes the following segments:
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Material |
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Application |
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Asia Pacific Market Statistics
Asia Pacific second-hand furniture market is set to hold revenue share of over 34.2s% by the end of 2037. Rapid urbanization in countries like India, China, and Southeast Asian nations has led to higher demand for affordable furniture among young professionals and migrants. Second-hand furniture offers cost-effective solutions for furnishing homes in urban settings. Additionally, the proliferation of online platforms such as OLX, Carousell, and regional marketplaces has revolutionized the second-hand furniture market. These platforms offer convenience, a wide range of options, and easy access for buyers and sellers, boosting market activity.
China second-hand furniture is set to attain lucrative second-hand furniture market value over the forecast period. A burgeoning middle class and increased consciousness of sustainability are driving this expansion, which has resulted in a notable rise in consumer interest and the market's total value. In 2022, the China second-hand sector was estimated to be over USD 210 billion. The government in the region promotes resource recycling and waste management directly boosting the market’s growth. Policies reducing furniture disposal fees and encouraging the resale of pre-owned goods make second-hand furniture a viable option.
India is emerging as a booming second-hand furniture market. The rise in rental accommodations, particularly among students and working professionals, drives the need for temporary and cost-efficient furniture. Approximately 27% of households in India live in rental housing. Second-hand furniture provides an ideal solution for those looking to furnish their homes without long-term commitments.
North America Market Analysis
North America second-hand furniture market is anticipated to garner a substantial revenue share over the forecast period. A YouGov study conducted in March 2023 with a focus on 17 areas, including North America, found that 36% of customers are most inclined to purchase old furniture. Environmental consciousness is a major driver in the region. Consumers are increasingly adopting eco-friendly practices, such as buying second-hand furniture to reduce waste and support the circular economy. This trend aligns with the growing focus on sustainability and minimizing carbon footprints.
The U.S. has an established second-hand furniture market. As more people move into homes or apartments, particularly in urban areas, the need for furnishing new spaces drives demand for second-hand furniture. Additionally, those who more frequently, opt for second-hand items due to their lower cost and ease of replacement. In 2020, the US saw a nearly 16 percent growth in consumer expenditure on used furniture and home products, totaling over USD 2 billion.
Canada is also gaining popularity in the second-hand furniture sector. The increasing use of digital platforms like Kijiji, and Facebook Marketplace, and Craigslist to buy and sell second-hand furniture. According to a 2024 survey conducted in Canada by Novatize and Léger, 57% of consumers are likely to purchase used or second-hand goods online. These platforms allow consumers to browse a wide variety of items, compare prices, and access local listings, driving the growth of the second-hand furniture market.
The key innovators in the second-hand furniture market is dominating the global outlook programs such as buy-back and resale programs promoting sustainability. These companies leverage technology to simplify buying and selling, by keeping focus on seamless logistics, offering curated selections and white-glove delivery for enhanced customer experiences.
Author Credits: Parul Atri
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