Markntel Advisors’ report, Re-Commerce Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Re-Commerce presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Re-Commerce Market Research Report & Market Summary:
The Global Re-Commerce Market is estimated to grow at a CAGR of around 19.22% during the forecast period, i.e., 2023-28. From 2018 to 2022, the Re-Commerce market has showcased substantial expansion, owing to the heightened awareness and prioritization of sustainability concerns among consumers, particularly those belonging to Generation Z and Millennials. A survey conducted by the Baker Retailing Center, in, 2021, at the Wharton School of the University of Pennsylvania found that 55% of Gen Z respondents indicated a preference for purchasing products from sustainable brands. This strong dedication to environmental causes has propelled Re-Commerce as a preferred choice for sustainable consumption.
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Re-Commerce Market Dynamics:
Key Driver-
Surging Demand for Refurbished Smartphones to Augment the Market Growth – The demand for premium smartphones has showcased a substantial growth rate driven by the dual forces of affordability and value retention. Premium phones from companies like Apple, Samsung, etc., often come with high price tags, which limits their accessibility to a select market segment. Owing to this, consumers across the globe, especially, in Europe, India, etc., are registering substantial demand for refurbished smartphones.
With e-commerce platforms being the major forum for the sale of these refurbished phones, purchase via this medium has substantially increased, which is subsequently enhancing the market size. The surge in demand is fuelled by the affordability of refurbished premium smartphones, which provide consumers with an opportunity to experience top-tier features and performance at a significantly lower cost and would further continue to enhance the market growth during the forecast period.
Re-Commerce Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Peer-to-Peer Marketplaces- Market Size & Forecast 2018-2028, (USD Million)
- Resale Marketplaces- Market Size & Forecast 2018-2028, (USD Million)
- Refurbished Goods Marketplaces- Market Size & Forecast 2018-2028, (USD Million)
The refurbished marketplace has emerged as the frontrunner poised for the highest growth rate within the Global Re-Commerce Market, surpassing Peer-to-Peer Marketplaces and Resale Marketplaces.
By Product
- Electronics – Market Size & Forecast 2018-2028, (USD Million)
- Smartphones & Tablets – Market Size & Forecast 2018-2028, (USD Million)
- Laptops & Computers – Market Size & Forecast 2018-2028, (USD Million)
- Cameras and Photography Equipment – Market Size & Forecast 2018-2028, (USD Million)
- Home Appliances (Refurbished Refrigerators, Washing Machines, etc.)- Market Size & Forecast 2018-2028, (USD Million)
- Others (Networking Equipment, Gaming Consoles and Accessories, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Fashion & Apparel – Market Size & Forecast 2018-2028, (USD Million)
- Clothing – Market Size & Forecast 2018-2028, (USD Million)
- Footwear – Market Size & Forecast 2018-2028, (USD Million)
- Accessories (Jewelry, Watches, Handbags, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Furniture and Home Goods- Market Size & Forecast 2018-2028, (USD Million)
- Sofas and Couches – Market Size & Forecast 2018-2028, (USD Million)
- Tables & Chairs – Market Size & Forecast 2018-2028, (USD Million)
- Home Decor (Rugs, Paintings, Vases, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Others (Garden Equipment, Bathroom Accessories, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Automotive- Market Size & Forecast 2018-2028, (USD Million)
- Used Vehicles- Market Size & Forecast 2018-2028, (USD Million)
- Vehicle Parts and Accessories- Market Size & Forecast 2018-2028, (USD Million)
- Sports and Fitness Equipment- Market Size & Forecast 2018-2028, (USD Million)
- Others (Toys, Collectibles, Books, etc.)- Market Size & Forecast 2018-2028, (USD Million)
The Re-Commerce market has witnessed remarkable growth in recent years, with second-hand fashion and apparel emerging as a dominant force within this sector.
By Product Category
- Non-Luxury- Market Size & Forecast 2018-2028, (USD Million)
- Luxury- Market Size & Forecast 2018-2028, (USD Million)
By Age Group
- Up to 18 Years- Market Size & Forecast 2018-2028, (USD Million)
- 19-25 Years- Market Size & Forecast 2018-2028, (USD Million)
- 26-40 Years- Market Size & Forecast 2018-2028, (USD Million)
- 41-55 Years- Market Size & Forecast 2018-2028, (USD Million)
- Above 56 Years- Market Size & Forecast 2018-2028, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
The Re-Commerce market size has substantially expanded in Europe, due to the presence of noteworthy consumers who have prioritized eco-friendly consumption practices and are concerned about the environmental impact of their purchases. Moreover, Europe’s strong commitment to circular economy initiatives and the promotion of a more sustainable product lifecycle has further driven the acceptance and growth of Re-Commerce practices. Furthermore, countries such as Finland, Denmark, Ireland, Germany, etc., are actively modernizing their legislation to promote a circular economy.
As indicated in the latest market research report published by Markntel Advisors, “Re-Commerce Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Re-Commerce industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/re-commerce-market.html
Top Companies Operating in the Re-Commerce Market:
- Thredup Inc.
- ReFlaunt
- Archive
- Rush Re-Commerce
- Rebag
- Poshmark
- Ebay Inc.
- Craiglist
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Rebelle
- LePrix
- Back Market
- OLX
- Musicmagpie
- Amazon
- Apple Inc.
- Swap
- Offerup
- Depop
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Other Report:
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Re-Commerce Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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