Second Hand Small Domestic Appliances Market Size & Share, by Product {Kitchen Appliances (Grills & Roasters, Coffee Makers, Sandwich Makers), Floor Care Appliances (Vacuum Cleaners, Carpet Cleaners), Garment Care Appliances (Irons, Garment Steamer), Other Appliances)}; Distribution Channel {Online (E-Commerce, Company Websites), Offline (Retail Stores, Specialty Stores)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2031

  • Report ID: 4668
  • Published Date: Jan 26, 2023
  • Report Format: PDF, PPT
  1. Market Definition
    1. Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
      1. Primary Research
      2. Secondary Research
    2. Market Size Estimation
  4. Executive Summary – Global Second Hand Small Domestic Appliances Market
  5. Analysis of Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  6. Regulatory & Standards Landscape
  7. Consumer Buying Behavior Analysis
  8. Analysis on Second-Hand Domestic Appliances Market (Large Vs Small Appliances Share)
  9. Industry Risk Analysis
  10. Impact of COVID-19 on Global Second Hand Small Domestic Appliances Market
  11. Demand Analysis
  12. Pricing Analysis
  13. Industry Value Chain Analysis
  14. Competitive Positioning
  15. Competitive Landscape
    1. Market Share Analysis, 2021
    2. Competitive Benchmarking
    3. Company Profiles
      1. eBay Inc.
      2. Amazon.com Inc.
      3. Best Buy
      4. Appliance Warehouse of America, Inc.
      5. American Freight
      6. Baltimore Used Appliances
      7. Willie's Appliances Inc.
      8. Kimo's Appliance, LLC.
      9. Direct Vacuums
      10. Gumtree,com Limited
      11. Refurbed GmbH
      12. Quikr India Private Limited
      13. OLX
      14. Appliances Direct
  16. Global Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. By Value (USD million)
    3. Global Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
        1. Kitchen Appliances, 2021-2031F (USD million)
          1. Grills & Roasters, 2021-2031F (USD million)
          2. Coffee Makers, 2021-2031F (USD million)
          3. Sandwich Makers, 2021-2031F (USD million)
          4. Mixers and Juicers, 2021-2031F (USD million)
          5. Air Fryer, 2021-2031F (USD million)
          6. Kitchen Robot, 2021-2031F (USD million)
          7. Others, 2021-2031F (USD million)
        2. Floor Care Appliances, 2021-2031F (USD million)
          1. Vacuum Cleaners, 2021-2031F (USD million)
          2. Carpet Cleaners, 2021-2031F (USD million)
          3. Floor Scrubber and Buffers, 2021-2031F (USD million)
          4. Others, 2021-2031F (USD million)
        3. Garment Care Appliances, 2021-2031F (USD million)
          1. Irons, 2021-2031F (USD million)
          2. Garment Steamer, 2021-2031F (USD million)
        4. Others Appliances, 2021-2031F (USD million)
      2. By Distribution Channel
        1. Online, 2021-2031F (USD million)
          1. E-commerce, 2021-2031F (USD million)
          2. Company Websites, 2021-2031F (USD million)
        2. Offline, 2021-2031F (USD million)
          1. Retail Stores, 2021-2031F (USD million)
          2. Specialty Stores, 2021-2031F (USD million)
          3. Others, 2021-2031F (USD million)
      3. Global Second Hand Small Domestic Appliances Market by Region
        1. North America, 2021-2031F (USD million)
        2. Europe, 2021-2031F (USD million)
        3. Asia-Pacific, 2021-2031F (USD million)
        4. Latin America, 2021-2031F (USD million)
        5. Middle East & Africa, 2021-2031F (USD million)
  17. North America Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. Market by value (USD million)
    3. North America Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
        1. Kitchen Appliances, 2021-2031F (USD million)
          1. Grills & Roasters, 2021-2031F (USD million)
          2. Coffee Makers, 2021-2031F (USD million)
          3. Sandwich Makers, 2021-2031F (USD million)
          4. Mixers and Juicers, 2021-2031F (USD million)
          5. Air Fryer, 2021-2031F (USD million)
          6. Kitchen Robot, 2021-2031F (USD million)
          7. Others, 2021-2031F (USD million)
        2. Floor Care Appliances, 2021-2031F (USD million)
          1. Vacuum Cleaners, 2021-2031F (USD million)
          2. Carpet Cleaners, 2021-2031F (USD million)
          3. Floor Scrubber and Buffers, 2021-2031F (USD million)
          4. Others, 2021-2031F (USD million)
        3. Garment Care Appliances, 2021-2031F (USD million)
          1. Irons, 2021-2031F (USD million)
          2. Garment Steamer, 2021-2031F (USD million)
        4. Others Appliances, 2021-2031F (USD million)
      2. By Distribution Channel
        1. Online, 2021-2031F (USD million)
          1. E-commerce, 2021-2031F (USD million)
          2. Company Websites, 2021-2031F (USD million)
        2. Offline, 2021-2031F (USD million)
          1. Retail Stores, 2021-2031F (USD million)
          2. Specialty Stores, 2021-2031F (USD million)
          3. Others, 2021-2031F (USD million)
      3. By Country
        1. United States, 2021-2031F (USD million)
        2. Canada, 2021-2031F (USD million)
  18. Europe Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. Market by value (USD million)
    3. Europe Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. UK, 2021-2031F (USD million)
        2. Germany, 2021-2031F (USD million)
        3. Italy, 2021-2031F (USD million)
        4. France, 2021-2031F (USD million)
        5. Spain, 2021-2031F (USD million)
        6. Netherlands, 2021-2031F (USD million)
        7. Rest of Europe, 2021-2031F (USD million)
  19. Asia Pacific Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. Market by value (USD million)
    3. Asia Pacific Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. Australia, 2021-2031F (USD million)
        2. Japan, 2021-2031F (USD million)
        3. Singapore, 2021-2031F (USD million)
        4. South Korea, 2021-2031F (USD million)
        5. India, 2021-2031F (USD million)
        6. China, 2021-2031F (USD million)
        7. Rest of Asia Pacific, 2021-2031F (USD million)
  20. Latin America Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. Market by value (USD million)
    3. Latin America Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. Brazil, 2021-2031F (USD million)
        2. Argentina, 2021-2031F (USD million)
        3. Mexico, 2021-2031F (USD million)
        4. Rest of Latin America, 2021-2031F (USD million)
  21. Middle East & Africa Second Hand Small Domestic Appliances Market
    1. Market Overview
    2. Market by value (USD million)
    3. Middle East & Africa Second Hand Small Domestic Appliances Market Segmentation Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. GCC, 2021-2031F (USD million)
        2. Israel, 2021-2031F (USD million)
        3. South Africa, 2021-2031F (USD million)
        4. Rest of MEA, 2021-2031F (USD million)
  22. Analyst Review

Global Market Size, Forecast, and Trend Highlights Over 2023-2031

Second Hand Small Domestic Appliances Market size is estimated to cross USD 5,600.69 Million by the end of 2031, witnessing around 5.98% CAGR during the forecast period, i.e., 2022-2031. In the year 2021, the industry size of second hand small domestic appliances was USD 3,155.80 Million. The growth of the market can be attributed to a growing preference for secondhand appliances, backed by their low cost. It has been observed that used goods are around 50% less expensive than new ones. Hence, this enables buyers to uncover excellent products at fair prices and save money throughout the entire process of buying used appliances. Furthermore, environmental concerns, a focus on reusability, and increased product life duration, along with many other factors, are expected to support the growth of the second hand small domestic appliances market.

Furthermore, rise in urbanization is also estimated to boost the growth of the market. Since most urban households have a large number of electric appliances, and most rural areas are not fully electrified, the demand for used appliances in metropolitan areas is likely to increase. Also, the rise in middle class population would have a great positive impact on the market growth. For instance, in India nearly 54% of households in urban areas were of middle class, approximately 12% were wealthy, and about 31% were aspirational. Also, as 140 million households estimated to enter the middle class and another 20 million enter the higher income bracket by 2030, they are estimated to spend about 1-2.5 times more on necessities (food, beverages, garments, personal care, electronics, transportation, and housing) and approximately 2-4 times more on services (healthcare, education, entertainment and household care). However, since the cost of domestic appliances is anticipated to increase, it is always necessary amongst the end-users to make decisions that are within their own resources. As a result of their lower price compared to new alternatives, the demand for used small domestic appliance is anticipated to increase over the course of the projection period.


Second-Hand-Small-Domestic-Application-Market (1)
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Second Hand Small Domestic Appliances Sector: Growth Drivers and Challenges

Growth Drivers

Growing Young Working Professionals  

  • There has been growing demand for second hand domestic appliances among youth in developing nations owing to rise in young working professionals, who could afford second hand small domestic appliances since these appliances are budget friendly. According to the U.S. Bureau of Labor Statistics, in July 2022, 55.3% of young people (those between the ages of 16 and 24) were employed. This number climbed from 54.4% in July 2021.

Rising Demand for Second Hand Products During COVID-19 Pandemic

  • As a result of the job losses, economic instability, and closures of certain businesses without a strong online presence that occurred during the COVID-19 pandemic, the demand for used items surged. Prevalence of this trend in the future is therefore expected to drive the market growth. Daily active users on one of the famous second hand products selling online platform, OLX, were increased to roughly 30% since January 2020, while demand has increased to about 25%.

Surge in Price for Home Appliances

  • For instance, the prices of consumer electronics and home appliances were predicted to increase between 2% and 5% starting at the end of May 2021 or the first week of June as manufacturers passed on the effects of higher input costs to consumers.

Rise in Middle Class Population

  • Global middle-class population rose from about 900 million to approximately 2 billion individuals between 2011 and 2019, an average annual rise of about 50 million people.

Surge in Environmental Hazards Related to E-Waste

  • According to the Global E-waste Statistics Partnership (GESP), global e-waste production hit a record 53.6 million tonnes in 2019, an increase of 21% in just five years. By 2050, the yearly generation of e-waste could exceed 120 million tonnes.

Challenges

  • Growing Concern for Quality for Used Appliances Sold Online - Consumer safety is further complicated by the internet sale of used appliances. Trading Standards, which are employed by local councils, are responsible for regulating the sale of used electrical goods, but since so many sales are taking place online, particularly through social media, there is a lack of efficient safety enforcement, which leads to the open sale of vintage, risky, or recalled products. Additionally, as used products don't have the most recent safety features, the market's growth would be hampered if the consumers' second-hand small domestic appliances don't function effectively, i.e. if there are any technical problems.

  • High Maintenance and Repair Cost
  • Used Products Not Sold at Fair Price

Second Hand Small Domestic Appliances Market: Key Insights

Base Year

2021

Forecast Year

2022-2031

CAGR

5.98%

Base Year Market Size (2021)

USD 3,155.80 Million

Forecast Year Market Size (2031)

USD 5,600.69 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Second Hand Small Domestic Appliances Segmentation

Product {Kitchen Appliances (Grills & Roasters, Coffee Makers, Sandwich Makers)

The global second hand small domestic appliances market is segmented and analyzed for demand and supply by product into kitchen appliances, floor care appliances, garment care appliances, and other appliances. Out of which, the kitchen appliances segment is anticipated to garner the highest revenue of USD 3,298.62 Million by the end of 2031, growing at a CAGR of 6.59% over the forecast period. Further, the segment generated a revenue of USD 1,754.67 Million in the year 2021. Additionally, this segment has been further sub-segmented into grills & roasters, coffee makers, sandwich makers, mixers & juicers, air fryer, kitchen robot, and others. Amongst the segments, the coffee maker segment is anticipated to generate the highest revenue of USD 668.91 Million by the end of 2031, owing to growing youth population and working class people who consume coffee on regular basis. For instance, about 72% of employees were known to consume coffee, making it far more popular than other caffeinated beverages. Also, 68% of Americans are known to prepare coffee at home every day, compared to 32% of customers who buy it from a coffee shop once to three times each week.

Distribution Channel {Online (E-Commerce, Company Websites), Offline (Retail Stores, Specialty Stores)}

The global second hand small domestic appliances market is also segmented and analyzed for demand and supply by distribution channel into online, and offline. Amongst these segments, the online segment is anticipated to generate the highest revenue, growing at a CAGR of 6.40% over the forecast period, backed by growing popularity of e-commerce retailers. Also there has been growing penetration of internet among people which has further boosted trend of online shopping. Hence, the majority of market players in the second-hand small domestic appliances market are leaning toward online distribution channels to advertise their goods on online marketplaces. Further, it is anticipated that more and more e-commerce platforms would provide such used goods alongside brand-new products as the trend of secondhand goods enters the market.

Our in-depth analysis of the global market includes the following segments:

     By Product

  • Kitchen Appliances
    • Grills & Roasters
    • Coffee Makers
    • Sandwich Makers
    • Mixers and Juicers
    • Air Fryer
    • Kitchen Robot
  • Floor Care Appliances
    • Vacuum Cleaners
    • Carpet Cleaners
    • Floor Scrubber & Buffers
    • Others
  • Garment Care Appliances
    • Irons
    • Garment Steamer
  • Other Appliances

        By Distribution Channel

  • Online
    • E-Commerce
    • Company Websites
  • Offline
    • Retail Stores
    • Specialty Stores
    • Others
 

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Second Hand Small Domestic Appliances Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific second hand small domestic appliances market, amongst the market in all the other regions, is projected to hold the largest market revenue of USD 2,730.33 Million by the end of 2031, up from a revenue of USD 1,457.03 Million in the year 2021. The market in this region is further estimated to grow at a CAGR of 6.55% over the forecast period, backed by growing urbanization, and rising middle class population in the region. In the Asia-Pacific area, urbanisation is still a major megatrend. Over 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. The urban population in Asia is projected to increase by 50% by 2050, or by an additional 1.2 billion people. The major factor for the growth of the urban population in this region is migration. The rate of migration from rural to urban areas is higher in low- to middle-income nations in the Asia-Pacific as a result of economic stagnation (overdependence on agriculture) and inadequate rural infrastructure (health and education facilities). Migration is also a significant component in the expansion of second hand small domestic appliances market, as rural residents frequently use migration as a tactic to increase household income and acquire access to better services in cities.

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Companies Dominating the Second Hand Small Domestic Appliances Landscape

top-features-companies
    • eBay Inc.,
    •   Company Overview
    •   Business Strategy
    •   Key Product Offerings
    •   Financial Performance
    •  Key Performance Indicators
    •  Risk Analysis
    •  Recent Development
    •  Regional Presence
    •  SWOT Analysis
    • Amazon.com Inc.,
    • Best Buy,
    • Appliance Warehouse of America, Inc.,
    • American Freight,
    • Baltimore Used Appliances,
    • Willie's Appliances Inc.,
    •  Kimo's Appliance, LLC.,
    • Direct Vacuums,
    • Gumtree.com Limited,
    •  Refurbed GmbH,
    • Quikr India Private Limited,
    • OLX, Appliances Direct,
    • Others. 

In the News

  • Best Buy, the biggest retail collector of e-waste in the US, is making it simpler than ever to get rid of outdated technology while preserving the environment by picking it up at customers' homes. All products are then collected up and safely and ethically recycled.

  • One of the biggest and busiest online markets, eBay Inc., announced that it had hold a Crash Sale on July 15th of 2019. Shoppers discovered fantastic discounts on the products they genuinely wanted for three whole weeks, including the newest clothing, sporting goods, and technology, as well as home goods and other essentials.

Author Credits:  Anil Kumar, Ipsheeta Dash


  • Report ID: 4668
  • Published Date: Jan 26, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing young working professionals, rising demand for second hand products during pandemic, surge in price for home appliances, and others.

The market is anticipated to attain a CAGR of 5.98% over the forecast period, i.e., 2022-2031.

Used product not sold at fair price, growing concern for quality for used appliances sold online, and high maintenance and repair cost are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are eBay Inc., Amazon.com Inc., Best Buy, Appliance Warehouse of America, Inc., American Freight, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, distribution channels, and by region.

The kitchen appliances segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Second Hand Small Domestic Appliances Market Report Scope
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