Markntel Advisors’ report, Middle East & Africa Recommerce Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Middle East & Africa Recommerce presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Middle East & Africa Recommerce Market Industry Research Report & Market Summary:
The Middle East & Africa Recommerce Market size is estimated to grow at a CAGR of around 10.50% during the forecast period, i.e., (2024-30). The recommerce industry in the Middle East & Africa is experiencing notable growth, driven by current industry trends and strategic development activities. One prominent trend is the increasing consumer awareness of sustainability, prompting a surge in the demand for refurbished and pre-owned goods. Companies like Cashify and SellAnyCar.com in the UAE are capitalizing on this trend by providing platforms for individuals to sell and buy used electronics as well as automobiles, respectively.
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Middle East & Africa Recommerce Market Dynamics:
Key Driver-
The popularity of Digital Media & E-commerce and Increasing R&D – Rising popularity and usage of digital media & e-commerce is one of the primary factors driving the growth of the Middle East & Africa Recommerce Market. Further, the notable increase in research & development activities for refurbished products within the region is supporting the market’s progress. Refurbished products, particularly pre-owned electronics and goods, are witnessing a strong demand owing to the growth of consumers’ interest in digital media and online shopping. This ongoing trend is prompting companies like reBuy to expand their presence in the MEA region to capitalize on the surge in demand for refurbished electronics and tech gadgets.
Additionally, e-commerce giants like Souq.com (now part of Amazon) have ventured into the recommerce space, offering consumers in the MEA region easy access to a wide range of refurbished products. Furthermore, the MEA recommerce market is benefiting from a notable uptick in R&D efforts aimed at improving the quality and reliability of refurbished goods. Major recommerce companies are investing in R&D activities to ensure that pre-owned electronics meet the highest industry standards. These business development activities are fostering trust among consumers, stimulating market growth, and positioning the MEA Recommerce Market for further expansion.
Middle East & Africa Recommerce Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Peer-to-Peer Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
- Resale Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
- Refurbished Goods Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
Peer-to-Peer Marketplaces’ emerged as dominant segments in the Middle East & Africa Recommerce Market owing to the shift in consumer behavior toward more sustainable and cost-effective shopping options.
By Product
- Electronics - Market Size & Forecast 2019-2030, (USD Million)
- Smartphones & Tablets - Market Size & Forecast 2019-2030, (USD Million)
- Laptops & Computers - Market Size & Forecast 2019-2030, (USD Million)
- Cameras and Photography Equipment - Market Size & Forecast 2019-2030, (USD Million)
- Home Appliances (Refurbished Refrigerators, Washing Machines, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- Others (Networking Equipment, Gaming Consoles and Accessories, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- Fashion & Apparel - Market Size & Forecast 2019-2030, (USD Million)
- Clothing - Market Size & Forecast 2019-2030, (USD Million)
- Footwear - Market Size & Forecast 2019-2030, (USD Million)
- Accessories (Jewelry, Watches, Handbags, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- Furniture and Home Goods- Market Size & Forecast 2019-2030, (USD Million)
- Sofas and Couches - Market Size & Forecast 2019-2030, (USD Million)
- Tables & Chairs - Market Size & Forecast 2019-2030, (USD Million)
- Home Decor (Rugs, Paintings, Vases, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- Others (Garden Equipment, Bathroom Accessories, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- Automotive- Market Size & Forecast 2019-2030, (USD Million)
- Used Vehicles- Market Size & Forecast 2019-2030, (USD Million)
- Vehicle Parts and Accessories- Market Size & Forecast 2019-2030, (USD Million)
- Sports and Fitness Equipment- Market Size & Forecast 2019-2030, (USD Million)
- Others (Toys, Collectibles, Books, etc.)- Market Size & Forecast 2019-2030, (USD Million)
The non-luxury product category is emerging as the leading segment in the Middle East & Africa Recommerce Market, reflecting the practical and value-conscious preferences of consumers in the region.
By Product Category
- Non-Luxury- Market Size & Forecast 2019-2030, (USD Million)
- Luxury- Market Size & Forecast 2019-2030, (USD Million)
By Age Group
- Up to 18 Years- Market Size & Forecast 2019-2030, (USD Million)
- 19-25 Years- Market Size & Forecast 2019-2030, (USD Million)
- 26-40 Years- Market Size & Forecast 2019-2030, (USD Million)
- 41-55 Years- Market Size & Forecast 2019-2030, (USD Million)
- 56 Years and Above- Market Size & Forecast 2019-2030, (USD Million)
By Country
- The UAE
- Saudi Arabia
- South Africa
- Egypt
- Qatar
- Kuwait
- Bahrain
- Rest of the Middle East & Africa.
Among them, the UAE has emerged as the leading recommerce market within the Middle East & Africa region, attributed to growing consumer awareness about sustainability and responsible consumption.
As indicated in the latest market research report published by Markntel Advisors, “Middle East & Africa Recommerce Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Middle East & Africa Recommerce. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/mea-recommerce-market.html
Top Companies Operating in the Middle East & Africa Recommerce Market:
- ReFlaunt
- Revibe
- AWOK
- Noon
- Jollychic
- The Luxury Closet
- RETOLD
- Poshmark
- Jumia
- Bazaara Technologies LTD
- Others.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Middle East & Africa Recommerce Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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