ReCommerce Marketplaces Expected To Grow 60 percent By 2025

Avatar for Irina Popa
By
ReCommerce Marketplaces Expected To Grow 60% By 2025
Likethumbsup(1)Dislikesthumbsdown(0)

ReCommerce marketplaces are growing 20 times faster than the overall retail market and are expected to reach 120 billion euros by 2025, representing a 60% increase. ReCommerce sells pre-owned goods through physical or online distribution channels to buyers who can reuse, refurbish, recycle or resell them. With ReCommerce becoming increasingly popular, several marketplaces, such as Zalando, made such services available on their platforms.

Last year, the European ReCommerce market was valued at 75 billion euros, and according to Cross-Border Commerce Europe, this is just the beginning. Over the next two years, the ReCommerce market is forecasted to grow its market share from 10 to 14 percent. The accelerated growth of ReCommerce is also a result of inflation and economic instability. In a recent study, Cross-Border Commerce Europe found out that 93% of consumers say inflation impacts their decision to buy and sell pre-owned goods.

eBay: #1 ReCommerce Marketplace

Today, eBay is the largest ReCommerce marketplace worldwide. With a legacy in e-Commerce, eBay has been reinventing the e-Commerce landscape since 1995. The marketplace has pioneered ReCommerce, enabling people to buy and sell pre-owned goods for generations.

ReCommerce In Europe

According to the study carried out by Cross-Border Commerce Europe, consumer electronics have a market share of 11 percent in the ReCommerce market. Furthermore, the study reveals that almost half of the online car trade is ReCommerce.

The second most popular industry across the ReCommerce landscape is fashion. Recording a value of 20 billion euros in 2021 is expected to double over the next two years nearly. Its market share is forecasted to grow from 14.5 to 21 percent by 2025. In Europe, Vinted is the most significant fashion ReCommerce business, with a community of over 65 million members. Rubylane and Vestiaire Collective follow it.


Subscribe to our newsletter and stay updated.
Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

Icecat xml

Open Catalog Interface (OCI): Manual for Open Icecat XML and Full Icecat XML

This document describes the Icecat XML method of Icecat's Open Catalog Inte...
 November 3, 2019
Manual

Manual for Icecat Live: Real-Time Product Data in Your App

Icecat Live is a (free) service that enables you to insert real-time produc...
 June 10, 2022
 October 4, 2018
Manual for Icecat CSV Interface

Manual for Icecat CSV Interface

This document describes the manual for Icecat CSV interface (Comma-Separate...
 September 28, 2016
Manual

Manual for Open Icecat JSON Product Requests

JSON (JavaScript Object Notation) is an increasingly popular means of trans...
 September 17, 2018
Icecat Addons plugins

Icecat Add-ons include Magento, PrestaShop, Shopify, Magento, Google Shopping, Pimcore, Bol.com. NEW: Mirakl

Icecat has a huge list of integration partners, making it easy for clients ...
 November 24, 2022
 January 20, 2020
LIVE JS

How to Create a Button that Opens Video in a Modal Window

Recently, our Icecat Live JavaScript interface was updated with two new fun...
 November 3, 2021
New Standard video thumbnail

Autheos video acquisition completed

July 21, Icecat and Autheos jointly a...
 September 7, 2021

Iceclog: Content Log New Ideas like a Free Vendor Central

“Iceclog” (Icecat content log) is the Icecat ...
 June 26, 2019