The revenue of the circular economy, made up of the secondhand, rental, and refurbished markets, was forecast to greatly increase from the years 2022 to 2026 across all categories. Consumer electronics is forecast to be the largest consumer goods category in this market. When combined, apparel, footwear, and accessories also make up a significant segment of the circular economy.
Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category
(in billion U.S. dollars)
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Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category
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About methodology: Circular economy is defined as the combination of the secondhand, rental/sharing, and refurbished market by category. The revenue arising from circular economy transactions is calculated by estimating the three segments of secondhand, refurbished, and rental separately. The segments are estimated using a Monte Carlo-like estimation that approximates, per year, how many consumers "purchase" in each of the CMO-categories and how much they would spend. The estimation of the number of consumers relies on shares taken from the Statista Global Consumer Survey and each KPI-per-category is the average of 10,000 iterations.
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Statista. (October 6, 2022). Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 03, 2025, from https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/
Statista. "Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category (in billion U.S. dollars)." Chart. October 6, 2022. Statista. Accessed January 03, 2025. https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/
Statista. (2022). Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 03, 2025. https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/
Statista. "Estimated Revenue of The Circular Economy Market in 2022 and 2026 Worldwide, by Category (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Oct 2022, https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/
Statista, Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/ (last visited January 03, 2025)
Estimated revenue of the circular economy market in 2022 and 2026 worldwide, by category (in billion U.S. dollars) [Graph], Statista, October 6, 2022. [Online]. Available: https://www.statista.com/statistics/1337439/circular-economy-market-revenue-by-category/
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