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MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Middle East & Africa Recommerce Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
The Middle East & Africa Recommerce Market is estimated to grow at a CAGR of around 10.50% during the forecast period 2024-30.
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Rising popularity and usage of digital media & e-commerce is one of the primary factors driving the growth of the Middle East & Africa Recommerce Market. Further, the notable increase in research & development activities for refurbished products within the region is supporting the market’s progress. Refurbished products, particularly pre-owned electronics and goods, are witnessing a strong demand owing to the growth of consumers’ interest in digital media and online shopping. This ongoing trend is prompting companies like reBuy to expand their presence in the MEA region to capitalize on the surge in demand for refurbished electronics and tech gadgets.
Additionally, e-commerce giants like Souq.com (now part of Amazon) have ventured into the recommerce space, offering consumers in the MEA region easy access to a wide range of refurbished products. Furthermore, the MEA recommerce market is benefiting from a notable uptick in R&D efforts aimed at improving the quality and reliability of refurbished goods. Major recommerce companies are investing in R&D activities to ensure that pre-owned electronics meet the highest industry standards. These business development activities are fostering trust among consumers, stimulating market growth, and positioning the MEA Recommerce Market for further expansion.
ReFlaunt, Revibe, AWOK, Noon, Jollychic, The Luxury Closet, RETOLD, Poshmark, Jumia, Bazaara Technologies LTD, and others
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Middle East & Africa Recommerce Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Type
-Peer-to-Peer Marketplaces
-Resale Marketplaces
-Refurbished Goods Marketplaces
By Product
-Electronics
–Smartphones & Tablets
–Laptops & Computers
–Cameras and Photography Equipment
–Home Appliances (Refurbished Refrigerators, Washing Machines, etc.)
–Others (Networking Equipment, Gaming Consoles and Accessories, etc.)
-Fashion & Apparel
–Clothing
–Footwear
–Accessories (Jewelry, Watches, Handbags, etc.)
-Furniture and Home Goods
–Sofas and Couches
–Tables & Chairs
–Home Decor (Rugs, Paintings, Vases, etc.)
–Others (Garden Equipment, Bathroom Accessories, etc.)
-Automotive
–Used Vehicles
–Vehicle Parts and Accessories
-Sports and Fitness Equipment
-Others (Toys, Collectibles, Books, etc.)
By Product Category
-Non-Luxury
-Luxury
By Age Group
-Up to 18 Years
-19-25 Years
-26-40 Years
-41-55 Years
-56 Years and Above
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By Country
-The UAE
-Saudi Arabia
-South Africa
-Egypt
-Qatar
-Kuwait
-Bahrain
-Rest of the Middle East & Africa
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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