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Yahoo
2 days ago
- Business
- Yahoo
Market to Surpass $310 Billion by 2029 - Market is Expanding through OEM, Retail, and Platform Convergence
The recommerce market is projected to grow at a 12.1% annual rate, reaching $210.7 billion by 2025. A detailed report highlights market dynamics, segmented by consumer segments, channels, and categories. Gain insights into market trends and competitive landscapes in this evolving industry. Global Recommerce Market Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Recommerce Market Intelligence Databook - 60+ KPIs, Market Size, Share & Forecast by Channel, Category & Consumer Segment - Q2 2025 Update" report has been added to global recommerce is expected to grow by 12.1% on annual basis to reach US$210.7 billion in 2025. Global recommerce market experienced robust growth during 2020-2024, achieving a CAGR of 14.8%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 10.2% during 2025-2029. By the end of 2029, the recommerce market is projected to expand from its 2024 value of USD 188.1 billion to approximately USD 310.5 billion. Global recommerce competition reflects a mix of dominant international platforms, emerging regional players, and niche segment specialists. While electronics and apparel drive most volumes, platform infrastructure, logistics maturity, and ESG alignment increasingly shape competitive edge. Cross-border expansion, retailer integration, and local trust mechanisms will further differentiate competitive platforms that integrate refurbishment, logistics, verification, and compliance are best positioned to scale globally. Regionally, players succeeding in adapting to mobile-first behavior, digital payments, and informal-to-formal transitions will define leadership. Over the next 2-4 years, recommerce competition will increasingly reflect not just resale capabilities, but ecosystem ownership, ESG readiness, and cross-border recommerce is moving toward bifurcation: large-scale platforms with infrastructure versus localized, mobile-first resale models. Strategic partnerships, ESG disclosures, and logistics innovation will be central to defining winners across regions. Recommerce at the Global Level Is Entering a Phase of Formalization, Platform Scaling, and Regulatory StructuringRecommerce markets worldwide are shifting from informal, peer-driven resale into structured, platform-led ecosystems. Electronics and apparel dominate global recommerce flows, with infrastructure investments, ESG mandates, and brand-led resale initiatives acting as primary accelerators. Regional dynamics differ significantly - mature digital markets lead in platform integration, while emerging regions balance informal channels with selective regional dynamics differ, global recommerce is moving toward a more formal, structured future driven by platform growth, reverse logistics integration, and ESG-linked compliance. Electronics and fashion will remain the dominant verticals, with social commerce and infrastructure investment as key competitive levers across Recommerce Is Scaling Through OEM, Retail, and Platform Convergence Across the U.S., South Korea, India, Germany, and the Middle East, electronics recommerce is being driven by trade-in programs, certified refurbishment, and embedded resale through retailers and OEMs. Platforms like Back Market (Europe/U.S.), Cartlow (UAE), and Flipkart (India) are creating integrated device collection and resale channels. Device replacement cycles, circular economy regulations, and consumer demand for warranty-backed used electronics are common enablers. Retailers and telcos are forming resale loops to capture post-purchase value. Trade-in models will become standard in electronic retail, and OEMs will expand into resale via white-label or platform partnerships. Emerging markets will grow through refurb-led distribution networks. Fashion Recommerce Is Expanding via Brand-Owned Channels and Luxury Authentication Models In the U.K., Japan, France, and UAE, apparel brands and marketplaces are launching resale channels - focusing on luxury and branded secondhand. Examples include The RealReal (U.S.), Vestiaire Collective (Europe), and The Luxury Closet (UAE). Fashion resale is benefiting from Gen Z's circular consumption patterns and brands' sustainability targets. Authentication, quality grading, and logistics integration are key service layers. Brand-operated resale will expand into mid-tier and mass apparel, while luxury resale platforms will grow multi-market networks with AI-based pricing, curation, and authenticity. C2C and Social Commerce Resale Is Strong in Mobile-First and Informal Economies In Latin America, Southeast Asia, and Africa, resale is largely enabled through social platforms (e.g., WhatsApp, Facebook, Instagram). C2C marketplaces like Jiji (Africa), OLX (Brazil), and GoTrendier (Mexico/Colombia) dominate high-volume resale. Mobile penetration, affordability, and distrust of formal retail drive C2C adoption. These platforms succeed through simplicity, localized logistics, and trust within personal networks. Informal resale will persist in emerging markets, but structured C2C formats with verification, payment, and delivery will begin to scale in urban centers. Infrastructure and Logistics Are Becoming Competitive Differentiators Marketplaces are investing in warehousing, repair centers, and reverse logistics. This is seen in Back Market (France), eBay (U.S.), Flipkart (India), and Cartlow (UAE), which have dedicated recommerce infrastructure. Frictionless pickup, refurbishment, and delivery are necessary for trust and repeat purchase. Investments in tech-led diagnostics and reverse flow automation are key. Logistics-backed platforms will consolidate leadership across geographies. Retailers and OEMs will partner or acquire infrastructure players to integrate resale into core operations. Regulation and ESG Disclosure Are Formalizing Recommerce Globally Countries including Germany, France, Japan, UAE, and India are introducing circular economy legislation, e-waste mandates, and sustainability disclosure frameworks impacting retail and electronics recommerce. ESG frameworks are pushing retailers and platforms to disclose reuse, recycling, and resale metrics. Government incentives for e-waste recycling and take-back programs are growing. Recommerce metrics will become part of ESG reporting. Retailers will adopt resale infrastructure as part of compliance and sustainability positioning. Competitive Landscape in Global Recommerce Is Defined by Platform Consolidation, Regional Verticals, and Infrastructure Capabilities Leading platforms will build or acquire infrastructure for collection, grading, resale, and returns at scale. Cross-category platforms will evolve into resale-first ecosystems. Market bifurcation will intensify: high-income markets will support structured resale with warranties and returns, while price-sensitive economies will continue hybrid informal resale through mobile-first tools. ESG disclosures and circularity mandates will become entry barriers, favoring platforms with measurable impact and compliance infrastructure. Global Platforms Are Consolidating Reach Through Category and Region Expansion eBay continues to lead multi-category recommerce globally, especially in electronics, leveraging its authentication and seller programs in markets like the U.S., U.K., and Australia. It integrates returns infrastructure and refurb certifications. Back Market operates in 16+ countries and has partnered with over 1,500 professional refurbishers across Europe, the U.S., and Japan. Its investment in logistics, quality control, and diagnostics infrastructure positions it as a global refurb benchmark. Vestiaire Collective has scaled authenticated luxury fashion resale across 80+ countries, integrating AI-powered authentication and regional warehousing. In 2023, it acquired U.S.-based Tradesy to expand reach. Regional Platforms Dominate Due to Local Infrastructure and Payment Models Flipkart (India) integrates recommerce into its e-commerce platform through its dedicated refurbishment vertical, Flipkart Green. It manages pickup, grading, and resale while aligning with national e-waste policy. Cartlow (UAE, KSA) bundles trade-in, refurbishing, and resale under a B2B2C model, integrated with major retailers like Sharaf DG and Noon. It enables resale within GCC markets via localized logistics. Mercari (Japan) and KMUG (South Korea) are driven by user trust, mobile-first interfaces, and seamless payment systems. Mercari has introduced AI-pricing and recycling features to support circularity. OLX (Brazil), Jiji (Nigeria, Kenya), and GoTrendier (Mexico, Colombia) continue to scale mobile-first resale with C2C models backed by social integration and simplified delivery or pickup. Infrastructure Partnerships and ESG Integration Define Competitive Advantage Platforms like Flipkart, Back Market, and Cartlow operate in-house refurbishment centers or partner with diagnostics providers for quality assurance and traceability. Logistics-as-a-service for reverse flows is emerging as a new offering. Retailers and OEMs such as Samsung, Apple, Magalu (Brazil), and Fnac-Darty (France) are entering resale ecosystems either via platform partnerships or internal recommerce initiatives. ESG-aligned recommerce is expanding. In 2023, Zalando and FNAC published reuse and recommerce metrics in their annual ESG disclosures. EU regulatory frameworks like Ecodesign and Digital Product Passport are pushing platforms to formalize impact reporting. Key Attributes: Report Attribute Details No. of Pages 1660 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $210.7 Billion Forecasted Market Value (USD) by 2029 $310.5 Billion Compound Annual Growth Rate 10.2% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Recommerce Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Automotive
- Reuters
Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation
July 15 (Reuters) - Geely Automobile ( opens new tab will take its premium electric vehicle unit Zeekr (ZK.N), opens new tab private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under the agreement, Geely will acquire the remaining stake it does not already own for $2.687 per share, or $26.87 per American depositary share, the companies said in separate statements on Tuesday. The offer, which comes just over a year after Geely took the EV brand public in the U.S., represents an 18.9% premium to Zeekr's last close on May 6. The transaction is expected to close in the fourth quarter. Geely already owns about 62.8% of Zeekr and initially offered $2.2 billion in May. It has now raised that to around $2.4 billion. Zeekr's U.S. IPO in May 2024 — which valued the company at $6.8 billion — marked the first major Chinese listing in the U.S. since 2021. Founded in 2021, Zeekr was launched as Geely's premium electric vehicle brand, showcasing the group's flagship in-house technologies—from EV architecture to battery systems. The deal also underscores Geely Holding's ( broader strategic pivot away from its aggressive global acquisition streak. The company is now focused on operational efficiency and cost reduction, responding to margin pressures and a deepening price war in China's electric vehicle sector. As part of its overhaul, Geely has reorganized its operations into two main arms — Geely Auto and Zeekr Group — targeting the mass-market and premium segments, respectively. In March, it consolidated three separate units developing digital cockpit systems into a single 2,000-strong engineering team to boost efficiency and innovation.
