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Europe Second-Hand Electronic Products Market Trends

Report ID: GMI10530
Published Date: Jul 2024
Report Format: PDF

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Europe Second-Hand Electronic Products Market Trends

Technological advancements, shifting consumer attitudes towards pre-owned goods, and the convenience of online platforms are trending in the second-hand electronics market. A Eurostat study reveals that 65% of citizens are open to purchasing secondhand items. This growing acceptance not only fuels the market's expansion but also brings about notable economic and environmental benefits. Enhanced recycling processes play a pivotal role, ensuring the efficient extraction and reuse of valuable materials, thereby reducing e-waste and fostering a circular economy. For instance, Apple Inc. has unveiled plans to ramp up its refurbishment initiative, with a goal to double the availability of refurbished devices by 2025.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Europe second-hand electronic products industry size was valued at USD 58.92 billion in 2023 and is anticipated to register 3.6% CAGR between 2024 and 2032, owing to growing online platforms facilitating the sale of second-hand electronics.

Europe second-hand electronic products industry from the smartphones & tablets segment will record USD 17.65 billion by 2032, due to high demand, cost-effectiveness, durability, software support, and sustainability.

U.K. second-hand electronic products industry held 12% revenue share in 2023 due to its favorable regulations, strong consumer demand, and well-developed retail network.

Amazon, AsGoodAsNew Electronics GmbH, Back market, Buy It Direct Ltd, Clevertronic GmbH, eBay marketplace, Envirofone Group Ltd, Facebook marketplace, and offer up, among others.