The number of circular economy transactions, comprised of secondhand, rental, and refurbished goods, was estimated to total roughly 20 billion in 2022. Revenue from these purchases were especially high in categories such as apparel, consumer electronics, and DIY and hardware.
Estimated number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide
(in billions)
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Number of circular economy transactions in billions
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About methodology: Circular economy is defined as the combination of the second-hand, rental/sharing, and refurbished market by category. The revenue arising from circular economy transactions is calculated by estimating the three segments of second-hand, 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 number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide (in billions) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/
Statista. "Estimated number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide (in billions)." Chart. October 6, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/
Statista. (2022). Estimated number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide (in billions). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/
Statista. "Estimated Number of Circular Economy Transactions in The Consumer Goods Industry in 2022 and 2026 Worldwide (in Billions)." Statista, Statista Inc., 6 Oct 2022, https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/
Statista, Estimated number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide (in billions) Statista, https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/ (last visited August 25, 2024)
Estimated number of circular economy transactions in the consumer goods industry in 2022 and 2026 worldwide (in billions) [Graph], Statista, October 6, 2022. [Online]. Available: https://www.statista.com/statistics/1337540/circular-economy-transactions-consumer-goods/