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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Refurbished Retail Market Regional Analysis
Geographically, the United States is expected to augment the North America refurbished retail market share on account of the growing population along with the rising disposable income. The growing e-commerce sector as well as online platforms for the sale and purchase of refurbished retail with substantial production capabilities is likely to propel the market growth of refurbished products.
The strong presence of key market players like Amazon and Walmart in the United States, with multiple branches and fulfilment centres throughout the country, is further expected to push forward the market growth of refurbished retail. The increasing awareness regarding refurbished products among consumers in the United States, as these products are sustainable, reliable, and affordable, is expected to fuel the overall North America refurbished retail market.
North America Refurbished Market Report Snapshots
North America Refurbished Market Size
North America Refurbished Market Analysis
North America Refurbished Companies
North America Refurbished Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market size for the refurbished retail market in North America was estimated to be USD 15.88 billion in 2023.
The market is assessed to grow at a CAGR of 12.6% between 2024 and 2032.
The major market drivers are the increasing awareness about quality refurbished products and the growing consumption of electronic devices.
By 2032, the market size for the refurbished retail market in North America is projected to reach a value of USD 32.29 billion.
The key market trends include increasing costs of new electronic items, growing penetration of refurbished electronic appliances, and the rise in environmental awareness and sustainability.
The various types in the market for refurbished retail include certified refurbished, and seller refurbished, among others.
Electronic items become e-waste when they are thrown out, often ending up in landfills and polluting soil and groundwater. Refurbished retail extends the lifespan of older electronics, reducing the generation of e-waste.
The major players in the North America refurbished retail market are Amazon.com, Inc, Walmart, Inc., Back Market, Best Buy, and ecoATM, LLC (Gazelle), among others.
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