According to Markntel Advisors Report, Re-Commerce Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Re-Commerce or reverse commerce refers to the buying and selling of used and refurbished products through a digital storefront. The primary objective of commerce is to extend the lifecycle of a product by refurbishing and reselling it. It gaining significant popularity as more consumers are seeking sustainable and budget-friendly options.
Global Re-Commerce Market Research Report & 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. .
Time Period Captured in the Report:
· Historical Years: 2018-21
· Base Years: 2022
· Forecast Years: 2023-28
Who are the Key Players Operating in the Re-Commerce Market?
The top companies of the Re-Commerce Market ruling the industry are:
ThredUp, ReFlaunt, Archive, Rush ReCommerce, Rebag, Poshmark, Ebay, Inc., Craiglist, Rebelle, LePrix, Back Market, OLX, Musicmagpie, Amazon, Apple, Inc., Swap, Offerup, Depop, Others
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What is Included in Re-Commerce Market Segmentation?
The Re-Commerce Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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)
- 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)
- 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
Explore the Complete Re-Commerce Market Analysis Report – https://www.marknteladvisors.com/research-library/re-commerce-market.html
Global Re-Commerce Market Dynamics:
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.
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