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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 US 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 US Recommerce Market is estimated to grow at a CAGR of around 14.5% during the forecast period 2024-30.
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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,
Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Nokia Corporation, Intel Corporation., ZTE Corporation, Cisco Systems Inc., Samsung Electronics Co. Ltd., SK Telecom Co. Ltd., NTT DOCOMO Inc., Deutsche Telekom AG, Telefonica SA., Vodafone Group plc, Amdocs, Inc., Mavenir Systems, Inc., Parallel Wireless, and Others
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US 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
-Above 56 Years
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By Region
-North
-South
-East
-Mid-West
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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