Brussels-based market research company Cross-Border Commerce (CBC) Europe has conducted a new study with support from Checkout.com, FedEx Express, Lengow, nShift and Payoneer, investigating the status and future prognosis for the re-commerce market. According to market researchers, re-commerce’s share of the total market will rise from ten to 14 percent in the next five years.
C2C marketplaces used for the purchase and sale of secondhand goods are seeing a boom, accelerated by the current economic situation: 93 percent of consumers cite inflation as influencing their decision to buy and sell secondhand goods. This is one of the key findings of the third edition of “Top 100 cross-border sustainable marketplaces operating in Europe”. The overall re-commerce market volume in Europe was €75 billion in 2021, led by Ebay. The top one in this year’s top 100 ranking has published its own report “Ebay and the circular economy - A continued look at advancing sustainability through reCommerce” that investigates not only future prospects but also the extent to which the sale of used, refurbished and reused items is already an important part of the eBay seller ecosystem in the EU.
CBC’s forecasts indicate that it will grow to €120 billion by 2025 (+60 percent), including the used cars market (nearly half of the online car trade is C2C re-commerce already). Leading the ranking of fashion marketplaces is Vinted, a Lithuania-based company that also has an active sports apparel and sneakers section. The total fashion re-commerce market is valued at €20 billion in 2021, expected to reach €37 billion within four years for a re-commerce resale market share (vs. e-commerce) of 14.5 percent in 2021, reaching up to 21 percent in 2025.
