Markntel Advisors’ report, US Recommerce Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the US Recommerce presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
US Recommerce Market Industry Research Report & Market Summary:
The US Recommerce Market is estimated to grow at a CAGR of around 14.5% during the forecast period, i.e., 2024-30. The recommerce industry in the US is undergoing a profound transformation, experiencing robust growth and reshaping the way consumers think about buying and selling used goods. Today’s consumers are more conscious of the environmental impact of their consumption habits, leading many to opt for secondhand goods as a sustainable and responsible choice. The stigma once associated with buying used items has largely disappeared, replaced by a sense of pride in making eco-conscious choices. To cater to this dynamic change in the market outlook for preowned products, major players in the re-commerce industry are actively engaged in the diversification of the product line as well as mergers & acquisitions, thus driving market growth in the country.
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US Recommerce Market Dynamics:
Key Driver-
Increasing Population of Millennials and Gen Z to Promote the US Recommerce Market – The recommerce industry in the US is experiencing a remarkable recovery, with major support from the Millennial and Gen Z populations. These digitally native and sustainability-conscious generations are reshaping the retail landscape by embracing second-hand commerce, thus driving the growth of the recommerce industry in the country. While the recommerce industry has attracted consumers across all age groups, Millennials and Gen Z have emerged as key enthusiasts owing to factors such as sustainability, budget-friendly shopping, unique personal style, tech-savvy engagement, etc. According to the US Census Bureau, millennials and Gen Z accounts for 32.2% of the total US population in 2024, this percentage is expected to grow further in the coming years, thus making the US a key market for refurbished products.
Additionally, recommerce companies are embracing cutting-edge technology to create user-friendly and visually appealing platforms for the younger population. Mobile apps have become a primary focus, providing seamless and on-the-go shopping experiences tailored to the preferences of digital natives. Thus proliferating the growth of the recommerce industry in the US. For instance,
- In 2020, Poshmark, one of the key players in the US recommerce market, has introduced in-app purchasing for its customers. The ability for users to make purchases directly within the app has been introduced to streamline the buying process and enhance customers’ convenience.
US Recommerce Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Peer-to-Peer Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
- Resale Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
- Refurbished Goods Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
Resale Marketplaces are the leading and most prominent segment of the US Recommerce Market. Resale Marketplaces typically involve the buying and selling of pre-owned or secondhand items, including clothing, accessories, electronics, etc. Major market players such as Poshmark, ThredUP, and The RealReal have gained significant traction in this segment. The USP of these platforms lies in finding gently used, high-quality products at a fraction of their original price, thus driving their popularity in the US Recommerce Market.
By Product
- Electronics – Market Size & Forecast 2019-2030, (USD Million)
- Smartphones & Tablets – Market Size & Forecast 2019-2030, (USD Million)
- Laptops & Computers – Market Size & Forecast 2019-2030, (USD Million)
- Cameras and Photography Equipment – Market Size & Forecast 2019-2030, (USD Million)
- Home Appliances (Refurbished Refrigerators, Washing Machines, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- Others (Networking Equipment, Gaming Consoles and Accessories, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Fashion & Apparel – Market Size & Forecast 2019-2030, (USD Million)
- Clothing – Market Size & Forecast 2019-2030, (USD Million)
- Footwear – Market Size & Forecast 2019-2030, (USD Million)
- Accessories (Jewelry, Watches, Handbags, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Furniture and Home Goods- Market Size & Forecast 2019-2030, (USD Million)
- Sofas and Couches – Market Size & Forecast 2019-2030, (USD Million)
- Tables & Chairs – Market Size & Forecast 2019-2030, (USD Million)
- Home Decor (Rugs, Paintings, Vases, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Others (Garden Equipment, Bathroom Accessories, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Automotive- Market Size & Forecast 2019-2030, (USD Million)
- Used Vehicles- Market Size & Forecast 2019-2030, (USD Million)
- Vehicle Parts and Accessories- Market Size & Forecast 2019-2030, (USD Million)
- Sports and Fitness Equipment- Market Size & Forecast 2019-2030, (USD Million)
- Others (Toys, Collectibles, Books, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Product Category
- Non-Luxury- Market Size & Forecast 2019-2030, (USD Million)
- Luxury- Market Size & Forecast 2019-2030, (USD Million)
The luxury segment holds a significant share in the US Recommerce Market. The growth of this product category in recommerce is redefining the way consumers perceive high-end fashion, accessories, and coveted items.
By Age Group
- Up to 18 Years- Market Size & Forecast 2019-2030, (USD Million)
- 19-25 Years- Market Size & Forecast 2019-2030, (USD Million)
- 26-40 Years- Market Size & Forecast 2019-2030, (USD Million)
- 41-55 Years- Market Size & Forecast 2019-2030, (USD Million)
- Above 56 Years- Market Size & Forecast 2019-2030, (USD Million)
By Region
- North
- South
- East
- Mid-West.
As indicated in the latest market research report published by Markntel Advisors, “US Recommerce Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the US Recommerce. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/us-recommerce-market.html
Top Companies Operating in the US Recommerce Market:
- The RealReal
- ThredUP
- Poshmark
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Gazelle
- Tradesy
- Decluttr
- Swap
- Glyde
- BuyBackWorld
- Threadflip
- Others.
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & US Recommerce Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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