Second-hand Products Market
Increase in internet penetration and rise in availability of second-hand products on e-commerce websites are further expected to drive market progress.
WILMINGTON, DE, UNITED STATES, December 19, 2024 /
EINPresswire.com/ -- The global
second-hand products market was valued at US$ 162.5 billion in 2023 and is poised for significant growth. It is projected to expand at a CAGR of 16.4% from 2024 to 2034, reaching an estimated value of US$ 843.5 billion by the end of 2034. This growth highlights the rising consumer preference for sustainable and cost-effective options in various product categories.
Strategies by key players such as mergers and acquisitions, supporting smooth transitioning of products from seller to buyer, and offering authenticity checks by industry experts, are expected to fuel the second-hand products market size during the forecast period.
๐ง๐ฟ๐ฎ๐ป๐๐ณ๐ผ๐ฟ๐บ ๐ฌ๐ผ๐๐ฟ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐: ๐๐
๐ฝ๐น๐ผ๐ฟ๐ฒ ๐๐ป-๐๐ฒ๐ฝ๐๐ต ๐๐ฎ๐๐ฎ โ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ!
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The market for used goods is seeing profitable growth thanks to rising usage of smart electronic devices like smartphones and the popularity of social media platforms.
Key Findings of Market Report
โข The garments category is anticipated to hold a significant portion of the worldwide market in terms of product type throughout the course of the projection.
โข Purchasing used clothing can save you money.
โข A vast variety of one-of-a-kind, antique, and uncommon goods that might not be found in typical clothing stores can be found in second-hand apparel.
Market Trends for Second-hand Products
โข Customers are increasingly using online marketplaces like Amazon, eBay, and Craigslist to purchase and sell second-hand products. The growth of websites and online marketplaces that sell used goods is accelerating market development. Both buyers and sellers can benefit from these online marketplaces' ease.
โข On the other hand, flea markets, garage sales, and thrift shops are frequent locations for offline selling. These physical sites have the benefit of allowing product inspection prior to purchase. They frequently provide the chance to bargain with the vendor as well.
Global Second-hand Products Market: Key Players
A small number of large-scale merchants, reflecting the consolidation of the sector globally, mostly controls the market for second-hand products. Several companies are making considerable investments in research and development activities, based to the global second-hand goods market prediction research.
To increase their prospects, major firms are keeping up with current developments in the market for used goods. They are also putting creative methods, including mergers and acquisitions, into practice.
The prominent participants in the global second-hand goods industry are Amazon, eBay Marketplace, Facebook Marketplace, Shopify, Offer Up, Poshmark Marketplace, Thread Up Marketplace, Tradesy Marketplace, Mercari, Inc., Olx, and Walmart.
๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ ๐๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐ โ ๐ฉ๐ถ๐๐ถ๐ ๐ข๐๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐!
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Global Second-hand Products Market Segmentation
ยท Product Type
ยท Clothing
ยท Furniture
Sofas & Dining Products
Beds & Wardrobes
Home Decor & Gardens
Kids Furniture
Other Household Items
ยท Vehicles
Cars & Bikes
Others (Buses, Trucks, etc.)
ยท Watches
ยท Sporting Goods
ยท Electronics
TVs & Audio - Video Devices
Computers & Laptops
Cameras & Lenses
Games & Entertainment
Hard Disks, Printers, and Monitors
Computer Accessories
Kitchen & Other Appliances
Washing Machines
Fridges & Refrigerators
Others
ยท Books
ยท Tools & Home Care Items
ยท Others (Leather & Suede, etc.)
ยท End-use
ยท Individual
ยท Commercial
ยท Distribution Channel
ยท Online
ยท Offline
ยท Region
ยท North America
ยท Europe
ยท Asia Pacific
ยท Middle East & Africa
ยท South America
๐ ๐ผ๐ฟ๐ฒ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฏ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต โ
Sports Protective Equipment Market: Estimated to grow at a CAGR of 5.2% from 2023 to 2031 and reach US$ 13.7 Bn by the end of 2031
Functional Apparel Market: Increase in sports participation is projected to propel the sports protective equipment market development in the near future.
๐๐ฏ๐ผ๐๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
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