About Re-Commerce Retailing
Re-Commerce retailing is the reverse commerce where previously owned goods are sold bought, this model is followed in various brand stores as a part of the reuse or recycling program at online or offline retail stores. Consumer's non-durable products, accessories, jewelry items, fashion items, etc are sold and bought in re-commerce retailing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Poshmark (United States), OnLine eXchange (Naspers) (Netherlands), Rent the Runway (United States), Quikr (India), BuyMyTronics.com (GameStop) (United States), Cell For Cash (United States), A.P.C (Atelier de Production et de Création) (France), Yatego (Germany), reBuy reCommerce GmbH (Germany), Forall Phones (Portugal), Nordstrom, Inc. (United States) and Sellpy (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Re-Commerce Retailing market by Type (Informal Market, Trade-In & Recommerce Services and Buy Back & Trade-In Offers) and Region.
On the basis of geography, the market of Re-Commerce Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Consumer Non-durables will boost the Re-Commerce Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Retailing, the sub-segment i.e. Online will boost the Re-Commerce Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Household will boost the Re-Commerce Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of the Digital Second-hand Market in Re-Commerce Retailing
Market Growth Drivers:
Increasing Awareness About the Reuse and Recycling of Goods to Reduce the Generation of Harmful Environment Waste and Demand for the Low Prices Reusable Products
Challenges:
Risk of Acquiring Low-Quality Goods Thorugh Oline Retail Platforms
Restraints:
Less Awareness about the Re-Commerce Retailing
Opportunities:
Introduction of Various Recommerce Retailing Program by the Brands Around the World and Rising Spendings on Reusin and Reselling the Products like Fashion, Electronic Goods, etc
On 30th January 2020, Nordstrom launched its latest creative projects initiative, See You Tomorrow, a new re-commerce experience. Powered by Yerdle, See You Tomorrow offers customers both an online resale site and an in-store shopping experience in the NYC Flagship store.
Key Target Audience
Re-Commerce Retailing Shops, Re-Commerce Retailing Industry Association, Research and Development Institutes, Potential Investors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.