In 2024, the global recommerce market was estimated be worth more than *** billion U.S. dollars, an increase from nearly *** billion in 2020. That growth is expected to continue in the future, with a forecast to get close to *** billion dollars by 2029. Recommerce stands for the buying and selling of pre-owned goods.
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The Global Re-Commerce Market is estimated to grow at a CAGR of around 19.22% during the forecast period 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.
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The global recommerce market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the rising popularity of second-hand goods.
The recommerce market, characterized by the resale of used goods, is witnessing a significant surge in popularity. This growth is primarily due to increasing consumer awareness about sustainability and the economic benefits of purchasing second-hand items. The trend of recommerce is not only reshaping the retail landscape but also contributing to a circular economy, thereby reducing environmental impact.
The rise of digital platforms that facilitate the buying and selling of used goods, the changing consumer perception towards second-hand items, and the desire to make more sustainable and economical choices. These platforms have made it easier for consumers to access a wide range of products at lower prices, thus fueling the growth of the market.
Artificial Intelligence has a positive impact on the recommerce market, driving efficiency and profitability. AI's ability to analyze vast amounts of data enables businesses to understand customer behavior better, leading to more effective marketing strategies and improved customer service. AI-powered tools also streamline the process of inspecting and grading used items, reducing human error and operational costs.
AI enhances the accuracy of pricing used items, ensuring competitive and fair prices that attract more customers and increase sales. The integration of AI into the recommerce business model also facilitates the prediction of market trends, allowing businesses to adapt and stay ahead of the competition.
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The Apparel Re-Commerce Market is likely to hold the global market at a moderate CAGR of ~24.6% during the forecast period. The global market holds a forecasted revenue of ~US$ 72.12 Billion in 2022 and is likely to cross ~US$ 652.3 Billion by the end of 2032.
Attribute | Details |
---|---|
The Apparel Re-Commerce Market Estimated Size (2021) | ~US$ 23.18 Billion |
The Apparel Re-Commerce Market Estimated Size (2022) | ~US$ 72.12 Billion |
The Apparel Re-Commerce Market Projected Size (2032) | ~US$ 652.3 Billion |
The Apparel Re-Commerce Market CAGR (2022 to 2032) | ~24.6% |
Scope of Report
Attribute | Details |
---|---|
Growth Rate | CAGR of ~24.6% from 2022 to 2032 |
The base year for estimation | 2021 |
Historical Data Available for | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative units | Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032 |
Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis |
Segments Covered | Companies, Product Type, End Users, Region |
Country scope | United States of America, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, India, Thailand, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa |
Key Companies Profiled | Vestiaire Collective; The RealReal; Tradesy; Poshmark; ThredUP; Vinted; SnobSwap; Threadflip; Others |
Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The US Recommerce Market is estimated to grow at a CAGR of around 14.5% during the forecast period 2024-30. Increasing awareness of environment & sustainability is one of the key trends in the US Recommerce Market.
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Discover the thriving Asia-Pacific Recommerce Market, with a 5.85% CAGR (2024-30). Embrace price-sensitive consumer trends driving growth
The share of resale in the e-commerce sector in the European Union (EU) has steadily grown from 2020 to 2024. Recommerce accounted for around 5.7 percent of the total e-commerce market in the EU in 2020, whereas it reached around 11.6 percent in 2024. By 2025, it is forecast to increase further by around one percentage point.
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Discover the thriving landscape of the European Recommerce Market, projected to experience a robust growth rate of approximately 10.8% throughout the forecast period spanning from 2024 to 2030. Explore the exciting opportunities unfolding in this dynamic market.
In 2021, the market size of flea market apps in Japan amounted to around *** trillion Japanese yen, recording a growth of more than one quarter compared to the previous year. Major flea market applications in Japan include Rakuten's Rakuma and the fashion resale app Mercari among others.
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The US e-commerce market, a significant segment of the global landscape, exhibits robust growth, driven by increasing internet penetration, smartphone adoption, and a shift in consumer preferences towards online shopping convenience. The market's Compound Annual Growth Rate (CAGR) of 14.70% suggests a substantial expansion, with a projected market value significantly exceeding its 2025 valuation within the forecast period (2025-2033). Key drivers include the rise of mobile commerce, the expansion of logistics and delivery infrastructure, and the increasing adoption of digital payment methods. Furthermore, the diversification of e-commerce offerings across various segments like beauty & personal care, consumer electronics, fashion & apparel, and food & beverage fuels this growth. The presence of major players like Amazon, Walmart, and Target underscores the market's competitiveness and maturity. However, challenges such as cybersecurity concerns, rising logistics costs, and the need for effective customer service strategies remain. The market segmentation reveals significant opportunities within specific categories; for instance, the beauty & personal care sector is expected to witness strong growth due to increasing demand for convenient online purchasing and personalized experiences. The US e-commerce market is geographically concentrated, with North America holding a substantial market share. However, regional variations exist, influenced by factors like consumer spending habits, digital infrastructure, and regulatory frameworks. Growth in regions beyond the core North American market will likely contribute significantly to the overall CAGR. The B2B e-commerce segment is also experiencing substantial growth, driven by businesses seeking streamlined procurement processes and improved supply chain efficiency. While precise figures for specific segments and regions are unavailable from the given information, it's evident that the overall market trajectory is positive, with promising prospects for both established and emerging players across diverse product categories. The future success within this dynamic landscape will depend on factors such as adapting to evolving consumer expectations, leveraging innovative technologies, and effectively navigating the complexities of the digital marketplace. Comprehensive Coverage USA Ecommerce Market Report (2019-2033) This in-depth report provides a comprehensive analysis of the USA ecommerce market, covering the period from 2019 to 2033. With a focus on the B2C ecommerce market size (GMV) and B2B ecommerce market size, this study delves into key market segments like Beauty & Personal Care, Consumer Electronics, Fashion & Apparel, Food & Beverage, Furniture & Home, and Others (Toys, DIY, Media, etc.). We analyze market trends, growth drivers, challenges, and emerging opportunities, providing valuable insights for businesses operating in or planning to enter this dynamic market. The report uses 2025 as the base year and forecasts the market's trajectory until 2033, incorporating data from the historical period (2019-2024). Recent developments include: May 2022- Home Depot announced the formation of Home Depot Ventures, a venture capital fund to promote early-stage startups that improve customer experience and home renovation. Furthermore, the $150 million funds will evaluate investments in businesses at various stages of development, emphasizing early and growth-stage startups that assist Home Depot customers and can scale., April 2022- In the United States, Apple finally offers the tools and accessories needed for self-servicing select iPhones. The company is now selling parts and components for the iPhone 12 series, iPhone 13 series, and the newly released 3rd Generation iPhone SE 2022 smartphones., April 2022- Amazon announced on Wednesday that it will build a solar park in Kent County as one of 37 new renewable energy projects worldwide to use renewable energy to power all of its activities by 2025, five years ahead of schedule., April 2022- Walmart honored Igloo's ancient legacy and commitment to "Made in the USA" with elected officials and prominent executives from both companies in attendance. In honor of this praise, Igloo designed the new Overland Series of coolers exclusively for Walmart, made in the United States., March 2022- Walmart Inc plans to hire more than 5,000 new associates for its tech hubs worldwide during the current fiscal year. Walmart Global Tech, the company's technology division, would be hiring for positions such as cybersecurity professional, product manager, and data scientist., June 2020- Apple's announcements and developments enhance the Apple platform and product experience. From macOS Big Sur, which boasts the most significant design overhaul since the launch of Mac OS X, to watchOS 7, iOS 14's new App Library, and iPadOS 14's expanded handwriting capabilities with Apple Pencil.. Key drivers for this market are: Growing Demand from Apparel and Footwear Industry., Rising Adoption of technologies (IOT,ML); Penetration of Internet and Smartphone Usage. Potential restraints include: Operational Compatibility Due to Growing Brand Value. Notable trends are: Increasing adoption of technologies.
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The United States E-Commerce Market Report is Segmented by Business Model (B2C, B2B), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, and More). The Market Forecasts are Provided in Terms of Value (USD).
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The E-Commerce Market Report is Segmented by Business Model (B2C, B2B), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).
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U.S. Fashion Ecommerce Market valued at US$ 144.97 Bn in 2025, is anticipated to reaching US$ 336.86 Bn by 2032, with a steady annual growth rate of 12.8%.
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Global Ecommerce market size 2025 is $15786 Billion whereas according out published study it will reach to $49306.8 Billion by 2033. Ecommerce market will be growing at a CAGR of 15.3% during 2025 to 2033.
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Global e-commerce market worth at USD 16790.46 Billion in 2024, is expected to surpass USD 67926.78 Billion by 2034, CAGR of 15% from 2025 to 2034.
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Explore the thriving Middle East & Africa recommerce market with a projected 10.50% CAGR (2024-30). Embrace sustainable trends and strategic growth in this dynamic industry
In 2023, Saudi Arabia was the highest valued e-commerce market among the Gulf Cooperation Council countries, with a market size of about *** billion U.S. dollars. United Arab Emirates came in second with e-commerce being valued at *** billion U.S. dollars in the same year.
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The global apparel re-commerce market size was valued at approximately USD 84.5 billion in 2023 and is expected to reach a staggering USD 230.7 billion by 2032, growing at an impressive CAGR of 12.3% over the forecast period. This remarkable growth can be attributed to several factors, including increasing consumer awareness about environmental sustainability, the affordability of second-hand apparel, and the advancement of online platforms facilitating the re-commerce of fashion items.
One of the primary drivers of the apparel re-commerce market is the growing environmental concern among consumers. Fast fashion has been criticized for its significant environmental impact, leading to a shift in consumer preferences towards more sustainable options. The re-commerce of apparel reduces waste by extending the lifecycle of clothing items. This paradigm shift is encouraged by various environmental campaigns and increased awareness about the carbon footprint associated with new apparel production. As consumers become more eco-conscious, the demand for re-commerce apparel is expected to grow substantially.
Another critical growth factor is the economic advantage associated with purchasing second-hand apparel. Re-commerce platforms offer branded and high-quality clothing at a fraction of the original price, making it an attractive option for budget-conscious consumers. This affordability is particularly appealing in times of economic uncertainty, where consumers are looking to maximize value without compromising on style and brand preferences. Moreover, the surge in the number of online platforms that facilitate the resale of apparel has made it easier for consumers to buy and sell used clothing, further fueling market growth.
The evolution of technology and the rise of digital platforms have significantly contributed to the growth of the apparel re-commerce market. With the advent of sophisticated online marketplaces, consumers can browse, purchase, and sell pre-owned clothing with ease. Features such as user-friendly interfaces, secure payment gateways, and efficient logistics have enhanced the overall customer experience. Additionally, social media plays a significant role in promoting re-commerce by providing a platform for influencers and celebrities to endorse second-hand fashion, thereby normalizing and popularizing the concept among a broader audience.
The rise of Online Clothing Rental Services has also played a pivotal role in the expansion of the apparel re-commerce market. These services offer consumers the flexibility to rent high-end and designer clothing for special occasions or everyday wear, providing an alternative to purchasing new items. This model not only caters to the fashion-forward consumer looking for variety but also aligns with the growing trend of sustainable fashion by reducing the demand for new clothing production. As consumers become more conscious of their environmental footprint, the appeal of renting over buying is likely to increase, further supporting the growth of re-commerce platforms. The convenience and cost-effectiveness of rental services make them an attractive option for those seeking to update their wardrobe without the commitment of ownership.
From a regional perspective, North America holds a substantial share of the apparel re-commerce market, driven by high digital penetration and a strong inclination towards sustainable fashion. Europe follows closely, with countries like the UK, Germany, and France exhibiting robust growth due to similar environmental concerns and well-developed online re-commerce platforms. The Asia Pacific region is also witnessing rapid growth, primarily due to increasing internet connectivity, burgeoning middle-class population, and rising awareness of sustainable fashion practices. Latin America and the Middle East & Africa are emerging markets with significant potential for growth, driven by increasing urbanization and changing consumer behavior towards second-hand goods.
The apparel re-commerce market is segmented by product type into clothing, footwear, and accessories. The clothing segment dominates the market, accounting for the largest share due to the high demand for a variety of apparel items, including tops, bottoms, dresses, and outerwear. Consumers frequently update their wardrobes, making clothing the most frequently sold and purchased product type on re-commerce platforms. The availability o
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The global apparel re-commerce market is anticipated to witness a prolific growth trajectory over the forecast period of 2025-2033, with its market size growing at a CAGR of XX% between 2025 and 2033, reaching a value of million by 2033. This growth is largely driven by increasing consumer awareness and adoption of sustainable fashion practices, burgeoning online second-hand marketplaces, and the growing popularity of curated and personalized shopping experiences. The apparel re-commerce market is segmented based on application (adults, kids, others), product type (clothing, footwear, accessories, handbags), and region. Geographically, North America is expected to hold a dominant market share throughout the forecast period owing to the presence of established players, high disposable income, and a growing shift towards sustainable fashion. Europe and Asia Pacific are also anticipated to exhibit significant growth, driven by the increasing popularity of online shopping and the rising demand for pre-owned luxury items in emerging markets.
By 2030, the Indonesian e-commerce market was predicted to generate around *** billion U.S. dollars in online retail sales, increasing from ** billion U.S. dollars in 2024. By 2030, Indonesia was forecasted to account for over 40 percent of the Southeast Asian e-commerce market, likely due to a growing middle class and the increasing access to the internet. Other emerging markets include Malaysia, the Philippines, Thailand and Vietnam.E-commerce in Southeast AsiaThe leading product categories that were bought through e-commerce platforms in Southeast Asia include fashion and beauty. Shopee and Lazada have emerged as leading e-commerce sites in the region, with Shopee generating over *** million web sessions. The preferred payment method among Southeast Asian consumers when shopping online varied between digital wallets and credit cards, depending on the country. In Singapore, credit cards were widely used, while digital wallets were more popular in Indonesia and Vietnam.Omni-channel experiences through e-commerceWith no doubt, e-commerce has been steadily growing with the emergence of numerous online retail brands and online marketplaces. Further, more and more fashion brands provide the option of browsing products on their online shop while consumers are shopping in the physical store, so the customer can check on size availability and order it for delivery to their homes or to the store. Given that, omnichannel experiences are relevant for offering the customer more convenience and to increase customer loyalty.
In 2024, the global recommerce market was estimated be worth more than *** billion U.S. dollars, an increase from nearly *** billion in 2020. That growth is expected to continue in the future, with a forecast to get close to *** billion dollars by 2029. Recommerce stands for the buying and selling of pre-owned goods.