According to Statista estimates, refurbished consumer electronics was estimated to be the consumer goods category which generated the highest revenue in 2022 by a considerable margin, at roughly 55.6 billion U.S. dollars. This was forecast to rise to about 120 billion dollars in 2026, which was approximately 47 billion dollars more than second-placed DIY and hardware.
Estimated revenue of the refurbished consumer goods market in 2022 and 2026 worldwide, by category
(in billion U.S. dollars)
About methodology: The refurbished goods market revenue is 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 refurbished consumer goods market in 2022 and 2026 worldwide, by category (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1337509/refurbished-goods-market-revenue-by-category/
Statista. "Estimated revenue of the refurbished consumer goods market in 2022 and 2026 worldwide, by category (in billion U.S. dollars)." Chart. October 6, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1337509/refurbished-goods-market-revenue-by-category/
Statista. (2022). Estimated revenue of the refurbished consumer goods market in 2022 and 2026 worldwide, by category (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1337509/refurbished-goods-market-revenue-by-category/
Statista. "Estimated Revenue of The Refurbished Consumer Goods Market in 2022 and 2026 Worldwide, by Category (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Oct 2022, https://www.statista.com/statistics/1337509/refurbished-goods-market-revenue-by-category/
Statista, Estimated revenue of the refurbished consumer goods market in 2022 and 2026 worldwide, by category (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1337509/refurbished-goods-market-revenue-by-category/ (last visited November 21, 2024)
Estimated revenue of the refurbished consumer goods 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/1337509/refurbished-goods-market-revenue-by-category/
