Second-Hand Goods eCommerce Market was valued at USD 28 Billion in 2022 and is projected to reach USD 64 Billion by 2030, growing at a CAGR of 14.2% from 2024 to 2030.
As we move forward into the years from 2023 to 2033, the demand for second-hand goods eCommerce is expected to continue rising, though some shifts will be notable. Firstly, younger generations, particularly Gen Z and millennials, are showing an increasing interest in sustainability, pushing for the adoption of second-hand goods. These groups are not just looking for affordable options but are also motivated by the environmental impact of their purchases. Additionally, the ease of purchasing second-hand items online, especially with improvements in logistics, secure payment methods, and delivery, will further increase demand. This transition is poised to continue until at least 2033, with predictions of continued robust growth. However, the market's dynamic nature means that demand may fluctuate with economic changes, technology innovations, and societal shifts. As digital tools and AI become more integrated into eCommerce, the buying and selling experience for second-hand goods will become even more seamless, fostering even greater consumer confidence. Moreover, social media platforms like Instagram and TikTok have contributed to increasing interest in pre-owned items, as they emphasize individuality, trends, and circular fashion, all of which contribute to the growing appeal of second-hand goods.
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The second-hand goods eCommerce market has experienced rapid growth between 2018 and 2022, driven by various factors such as sustainability trends, the rise of digital platforms, and changing consumer behaviors. As people have increasingly turned to online platforms to purchase pre-owned items, this shift has brought about significant changes in the retail landscape. In fact, the second-hand market has been recognized for offering affordable alternatives to new products while being environmentally conscious. From used clothing and electronics to furniture and books, the breadth of categories available in this market is impressive and ever-expanding. Moreover, with the growth of platforms like eBay, Poshmark, and Depop, more consumers have had easy access to buying and selling second-hand goods, further fueling the growth of this market segment. According to recent reports, the global second-hand goods market reached a substantial market size in 2022, highlighting the shift toward more sustainable consumer habits.
Amazon
Alibaba
eBay
Craigslist
58
Buffalo Exchange
Poshmark
Tradesy
The RealReal
Depop
thredUP
Clothes Mentor
Uptown Cheapstake
OfferUp
Goodwill Store
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Second-Hand Goods eCommerce Market
C2C
B2C
Based on Types the Market is categorized into Below types that held the largest Second-Hand Goods eCommerce market share In 2023.
Clothes
Handbag
Jewelry
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Second-Hand Goods eCommerce Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Second-Hand Goods eCommerce Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Second-Hand Goods eCommerce Market, By Type
6. Global Second-Hand Goods eCommerce Market, By Application
7. Global Second-Hand Goods eCommerce Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Second-Hand Goods eCommerce Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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