ReCommerce Marketplaces are growing 20 times faster than the broader retail market

ReCommerce Marketplaces are growing 20 times faster than the broader retail market. eBay, TOP100 winner “Sustainable Marketplaces operating in Europe” is, in terms of ReCommerce, the largest seller of used, second-hand, refurbished and repurposed items.

Brussels, 13 December 2022. Low price and sustainability appear to be two primary driving factors based on feedback from global companies in the flourishing ReCommerce sector. ReCommerce is the selling of previously owned items through online C2C marketplaces to buyers who reuse, refurbish, recycle or resell them. 93% consumers say inflation impacts their decision to buy and sell pre-owned goods with an increasing emphasis on making and saving money, thus accelerating the growth of ReCommerce. The study was carried out by CBCommerce with support from Checkout.com, FedEx Express, Lengow, nShift and Payoneer.

In 2021, the EU ReCommerce market was valued at €75B. The market is expected to grow to €120B by 2025 (+60%). Over the next five years, the ReCommerce market share will grow from 10% to 14%.

The relatively new term ‘ReCommerce’ broke in the preserving retail business where unrecycled goods and landfilled waste wreak havoc on the environment. Taking the concept of the monetary value in pre-owned or secondhand goods, ReCommerce Marketplaces are sequestering unproductive business models and inventing the circular economy whereby unused or second-hand products are sold back, refurbished, or recycled. From fashion, home furniture, DIY, books, cars to consumer electronics, ReCommerce solutions, such as repair, remanufacture, rental services, reconditioning, refurbishing and resale, are rewriting the story in the traditional linear retail industry. Related ‘Ecological ReCommerce’ focuses on collecting used items for the sole purpose of repairing or recycling and reselling the reconditioned products.

#1 eBay and the Circular Economy – A continued look at advancing sustainability through ReCommerce. Selling second-hand, refurbished, and repurposed items is a vibrant and important part of the eBay seller ecosystem in the EU.

Best ReCommerce Consumer Electronics Top100 Marketplaces

A consumer advocacy organisation projected that EU consumers waste €45B each year from not being able to repair electronic products: smartphones accounted for approximately 12% of global electronic waste in 2021. From the consumer electronics online trade is resale 6% and refurbished 5%, counting for a ReCommerce total market share of 11%

Back Market’s mission is to make refurbished electronics the first choice for tech purchases and that renewed electronics are “more affordable and better for the environment than new”. ReBuy is the leader in providing a marketplace for recycled consumer electronics and media content.

Best ReCommerce Fashion, Shoes & Luxury Top100 Marketplaces

Fashion ReCommerce is valued at €20B in 2021, expected to reach €37B within four years for a ReCommerce Resale market share (vs eCommerce) of 14.5% in 2021, reaching up to 21% in 2025.

Vinted’s growing community of more than 65M members is on a mission to make second-hand your first choice. On Vestiaire Collective, consumers buy and sell preloved designer fashion.

Best ReCommerce ‘Classified’ Mass Merchants (including used Cars) Top100 Marketplaces

Nearly half of online car trade is ReCommerce (on C2C Marketplaces like Autoscout24, Lacentrale.fr and Mobile.de), with an emerging trend of reconditioning services.

Gumtree baseline is in line with the ReCommerce paradigm: “Circularity is our business model. We have been doing this since day one”

I would like to thank our market research partners Checkout.com, FedEx Express, Lengow, nShift and Payoneer who, with our research team, put all their energy behind this eagerly awaited study. It makes sustainable marketplaces operating in Europe more transparent and stimulates a sustainability journey for this entire sector”, concludes Carine Moitier, the founder of CBCommerce.eu.

infographic top 100 sustainable marketplaces

 

About Cross-Border Commerce Europe
Cross-Border Commerce Europe is the European network and knowledge platform for all eCommerce and omnichannel players present in at least three countries in Europe. CBCommerce.eu connects the different actors to increase visibility, share knowledge and figures, identify trends and specificities of each European country. Members of Cross-Border Commerce Europe are brands and retailers of all sizes. Partners are suppliers of services in all areas of trade.

 

Press Coverage

DACH

Klamm
TOP 100 grenzüberschreitende Re-Commerce Marktplätze in Europa
https://www.klamm.de/news/top-100-grenzueberschreitende-re-commerce-marktplaetze-in-europa-14N217715.html
eBay ist der größte Anbieter für gebrauchte, generalüberholte und refurbished Artikel in der Europäischen Union
https://www.klamm.de/news/ebay-ist-der-groesste-anbieter-fuer-gebrauchte-generalueberholte-und-refurbished-artikel-in-der-europaeischen-14N219904.html

Online Marktplatz
TOP 100 grenzüberschreitende Re-Commerce Marktplätze in Europa
https://www.onlinemarktplatz.de/217715/top-100-grenzueberschreitende-re-commerce-marktplaetze-in-europa/
eBay ist der größte Anbieter für gebrauchte, generalüberholte und refurbished Artikel in der Europäischen Union
https://www.onlinemarktplatz.de/219904/ebay-ist-der-groesste-anbieter-fuer-gebrauchte-generalueberholte-und-refurbished-artikel-in-der-europaeischen-union/

Postbranche
Re-Commerce-Marktplätze wachsen 20-mal schneller als der gesamte Einzelhandel
https://www.postbranche.de/2022/12/13/re-commerce-marktplaetze-wachsen-20-mal-schneller-als-der-gesamte-einzelhandel/

PT-Magazin
E-Commerce International: So machen Onlinehändler Kunden im Ausland glücklich
https://www.pt-magazin.de/de/wirtschaft/marketing/e-commerce-international-so-machen-onlineh%C3%A4ndler-k_lbm0v9l2.html

Finanz Nachrichte
Cross-Border Commerce Europe: ReCommerce Marketplaces Are Growing 20 Times Faster Than the Broader Retail Market
https://www.finanznachrichten.de/nachrichten-2022-12/57829991-cross-border-commerce-europe-recommerce-marketplaces-are-growing-20-times-faster-than-the-broader-retail-market-004.htm

Fashion United
Wiederverkauf von Mode soll innerhalb von vier Jahren um 85 Prozent wachsen
https://fashionunited.de/nachrichten/business/wiederverkauf-von-mode-soll-innerhalb-von-vier-jahren-um-85-prozent-wachsen/2022121449489

e-tailment
Bringoo, Konjunktur, Hessnatur, Apple, Walmart, Etq, Lexis Nexis Risk Solutions, Bitkom, Der Handel, Wiederverkauf, Energieeffizienz
https://etailment.de/news/morning_briefing/morning-briefing-bringoo-konjunktur-hessnatur-apple-walmart-etq-lexis-nexis-risk-solutions-bitkom-der-handel-energieeffizienz-24206
Inflation, Mitarbeiterbeteiligung, Ebay UK, JD.com, Phood, Shopify, China, Snapchat, Display-Werbung, Ebay
https://etailment.de/news/morning_briefing/morning-briefing-inflation-mitarbeiterbeteiligung-ebay-uk-jd.com-phood-shopify-china-snapchat-display-werbung-ebay-24222

Hitec
Größter Anbieter gebrauchter Artikel
https://www.hitec-magazin.de/news/eBay-Groesster-Anbieter-gebrauchter-Artikel

Ixtenso
Re-Commerce wird immer beliebter
https://ixtenso.de/retail-marketing/re-commerce-wird-immer-beliebter.html

Online Händler News
Ebay ist der größte Anbieter für Gebrauchtwaren in der EU
https://www.onlinehaendler-news.de/online-handel/marktplaetze/137425-ebay-groesste-anbieter-gebrauchtwaren-eu

 

Benelux

Fashion United
Wederverkoop modeproducten groeit in vier jaar met 85 procent, is de verwachting
https://fashionunited.nl/nieuws/retail/wederverkoop-modeproducten-groeit-in-vier-jaar-met-85-procent-is-de-verwachting/2022121355656
https://fashionunited.be/nieuws/retail/wederverkoop-modeproducten-groeit-in-vier-jaar-met-85-procent-is-de-verwachting/2022121337182

Emerce
Recommerce zit in de lift
https://www.emerce.nl/nieuws/recommerce-zit-lift

Trends Levif
Pourquoi le prêt-à-porter est en (grande) difficulté
https://trends.levif.be/economie/politique-economique/pourquoi-le-pret-a-porter-est-en-grande-difficulte/article-normal-1615623.html

 

International

Yahoo
ReCommerce Marketplaces Are Growing 20 Times Faster Than the Broader Retail Market
https://finance.yahoo.com/news/recommerce-marketplaces-growing-20-times-130000874.html

Acrofan
ReCommerce Marketplaces Are Growing 20 Times Faster Than the Broader Retail Market
https://us.acrofan.com/detail.php?number=769919

ADVFN
ReCommerce Marketplaces Are Growing 20 Times Faster Than the Broader Retail Market
https://ca.advfn.com/stock-market/stock-news/89767213/recommerce-marketplaces-are-growing-20-times-faste

Morningstar
ReCommerce Marketplaces Are Growing 20 Times Faster Than the Broader Retail Market
https://www.morningstar.com/news/business-wire/20221213005088/recommerce-marketplaces-are-growing-20-times-faster-than-the-broader-retail-market

Ecommerce News Europe
Recommerce market to reach €120 billion by 2025
https://ecommercenews.eu/recommerce-market-to-reach-e120-billion-by-2025/

Fibre2Fashion
EU’s re-commerce market projected to grow to €120 bn by 2025
https://www.fibre2fashion.com/news/e-commerce-announcement/eu-s-re-commerce-market-projected-to-grow-to-120-bn-by-2025-284695-newsdetails.htm

2025年欧洲二手转售市场将达1200亿欧元!eBay是老大!
http://fashion.shaoqun.com/a/1200120.html

Webretailer
The Webretailer News Digest for December 16, 2022
https://www.webretailer.com/news/the-webretailer-news-digest-for-december-16-2022/

Ecommerce News
Mercado de Recommerce vai atingir 120 mil milhões de euros até 2025
https://ecommercenews.pt/mercado-de-recommerce-vai-atingir-120-mil-milhoes-de-euros-ate-2025/

Grande Consumo
Crescimento sem precedentes dos marketplaces de produtos em segunda mão
https://grandeconsumo.com/crescimento-sem-precedentes-dos-marketplaces-de-produtos-em-segunda-mao/

Sustentavel
Re-commerce: mercado em 2ª mão em crescimento acelerado
https://www.revistasustentavel.pt/transportes-e-mobilidade/re-commerce-2a-mao/

Digital Hungary
Robbanás előtt a használt termékek piaca
https://www.digitalhungary.hu/e-kereskedelem/Robbanas-elott-a-hasznalt-termekek-piaca/18795/

ChannelX
ReCommerce Marketplaces growing 20x faster
https://channelx.world/2023/01/recommerce-marketplaces-growing-20x-faster

ebrun
亚马逊大裁员1.8万人 印尼加入RCEP丨跨境电商周报
https://www.ebrun.com/20230108/510200.shtml

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