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True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020

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Sources

Release date

June 2020

Region

Worldwide

Survey time period

as of 2020

Number of respondents

12,000 respondents

Supplementary notes

*True-luxury consumers spend, on average, more than 39 thousand euros on luxury goods and experiences per year.
Responses reflect actual transactions for 12 months prior to survey date.

Citation formats

Luxury consumers engaged in luxury second-hand and rental item transactions 2020

Published by
Bruna Rocco,
Nov 28, 2021
Consumers who are classified as true-luxury are showing a growing interest in second-hand and sustainable options. In 2019/2020, a quarter of all respondents bought a luxury item that was previously owned. ** percent also reported renting a luxury item as opposed to purchasing.
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Global personal luxury goods industryLuxury goods market in ChinaLuxury watch industryMoët Hennessy Louis Vuitton (LVMH Group)The Kering Group
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