Global Online Secondhand Trading Platform Market by Type (Cloud-Based, On-Premise), By Application (PC, Smartphone, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online secondhand trading platform market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of smartphones and other connected devices, rising awareness about environmental sustainability, and growing demand for refurbished products. Based on type, the global online secondhand trading platform market can be segmented into cloud-based and on-premise platforms. Cloud-based platforms are expected to witness higher growth during the forecast period as they offer several advantages such as low cost of ownership, scalability, and ease of use. Based on application, the global online secondhand trading platform market can be segmented into PC (personal computer), smartphone, and others (tablet PC, gaming console). The smartphone segment is expected to witness highest growth during the forecast period owing to rising demand for refurbished smartphones globally. Regionally speaking, North America is estimated to account for a major share in terms of revenue contribution in 2018 followed by Europe due high adoption rate of advanced technologies coupled with presence major players operating in this region.



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Product Definition:

An online secondhand trading platform is a website or app where users can buy and sell used items. These platforms are important because they allow people to easily buy and sell used items, which saves them money and helps reduce waste.

Cloud-Based:

Cloud-based is a software technology that provides an interface between the application and server. It is also known as shared or common operating system. The cloud-based software solutions are used in online secondhand trading platform to provide a user-friendly graphical interface, which helps the users to access data from any location through multiple devices such as laptops, smartphones and tablets etc.

On-Premise:

On-premise is a computer software system installed on the user's own computers or servers. The software is usually developed by the company itself and can be used by multiple users simultaneously. It allows companies to manage its private database, which cannot be accessed or seen by third parties.

The On-premise Software provides various benefits such as data security, easy retrieval of lost or stolen devices,.

Application Insights:

The smartphone application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing usage of smartphones as online secondhand trading devices. Moreover, with the advent of mobile applications, consumers are able to access secondhand goods from anywhere in their favoriting locations or via transit routes that they travel frequently. This has led to an increase in demand among users across various regions globally.

The PC application segment is expected register a notable CAGR during the forecast period owing to its extensive use as an on-line trading platform by both new and old buyers across all regions globally since past few years.

Regional Analysis:

Asia Pacific dominated the global market in 2017. The region is expected to maintain its lead over the forecast period as well owing to a large number of smartphone and PC users in China and India. Moreover, increasing disposable income levels coupled with rapid urbanization are expected to drive secondhand goods sales across these countries, thereby supporting regional growth.

North America is projected to grow at a significant rate over the forecast period owing to an increase in consumer awareness regarding online shopping and changing lifestyles of individuals especially millennials. Furthermore, high purchasing power parity among U.S., Canada, and Mexico are anticipated boost demand for used products across all categories including consumer electronics, apparel & accessories, footwear & bags etc., thereby driving regional growth.

Europe has been one of the prominent markets for secondhand goods since it has been witnessing steady economic growth after years of recession which resulted into higher disposable incomes among consumers resulting into increased spending on luxury items such as cars.

Growth Factors:

Increasing awareness about the benefits of online secondhand trading platforms among consumers.
Rising disposable income of consumers, which is encouraging them to spend on pre-owned items instead of new ones.
Proliferation of smartphones and other mobile devices, which is making it easier for consumers to access online secondhand trading platforms from anywhere at any time.
Growing number of startups in the online secondhand trading space, which is increasing competition and driving innovation in this sector.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Secondhand Trading Platform Market Research Report
By Type
Cloud-Based, On-Premise
By Application
PC, Smartphone, Others
By Companies
Poshmark, Alibaba Group Holding, Ebay, Letgo, OfferUp, Chairish, Vinted, Bookoo, Carousell, 5Miles, Wish Local, Shpock, Zaarly, Recycler, VarageSale, Dealo, Decluttr
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.

Global Online Secondhand Trading Platform Market Report Segments:
The global Online Secondhand Trading Platform market is segmented on the basis of:
Types
Cloud-Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PC, Smartphone, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Poshmark
Alibaba Group Holding
Ebay
Letgo
OfferUp
Chairish
Vinted
Bookoo
Carousell
5Miles
Wish Local
Shpock
Zaarly
Recycler
VarageSale
Dealo
Decluttr



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Highlights of The Online Secondhand Trading Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-Based
On-Premise
By Application:
PC
Smartphone
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Secondhand Trading Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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