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The Global Re-Commerce Market is estimated to grow at a CAGR of around 19.22% during the forecast period, i.e., 2023-28.
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MARKET RESEARCH REPORT Global Re-Commerce Market Research Report: Forecast (2023-2028) UPDATED SAMPLE 2024-30 MARKNTEL ADVISORS
Company Overviews MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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Market Insights 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.
Market Drivers Surging Demand for Refurbished Smartphones to Augment the Surging Demand for Refurbished Smartphones to Augment the Market Growth 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.
Market Segments By Type (Peer-to-Peer Marketplaces, Resale Marketplaces, Refurbished Goods Marketplaces), By Product (Electronics , Fashion & Apparel , Furniture and Home Goods, Automotive, Sportsand Fitness Equipment, Others), By Product Category (Non- Luxury, Luxury), By Age Group (Up to 18 Years, 19-25 Years, 26- 40 Years, 41-55 Years, Above 56 Years), By Region (North America, South America, Europe,
Top Companies 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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