US Recommerce Market Growth, Key Trends & Factor Driving Industry till 2030

US Recommerce Market Overview and Insights:

US Recommerce Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the US Recommerce Industry and its Yearly Growth Rate?

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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Who are the Main Competitors Driving the US Recommerce Market Forward?

The prominent players essentially operating in the US Recommerce Market are as follows:

The RealReal
ThredUP
Poshmark
Gazelle
Tradesy
Decluttr
Swap
Glyde
BuyBackWorld
Threadflip
Others

What are the key Drivers Defining the US Recommerce Market Size?

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.

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What is the Segmentation of the US Recommerce Market?

The US Recommerce market covered in this report is segmented –

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.

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)
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

Key Questions Answered in the Research Report

What is the predicted US Recommerce market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the US Recommerce market?
Which segment accounted for the largest market share in the US Recommerce market?
Which prominent companies are leading growth in the US Recommerce market?
In what formats does Markntel Advisors deliver the concerned report descriptions?
How long does it take for customers to receive the reports provided by Markntel Advisors?
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