Cheaper second-hand electronics, whether or not chosen out of necessity (meals precision “swallows up” the remainder of the market) or perspective (getting high quality merchandise at aggressive costs as a green-label transfer), are seeing impressively excessive development charges. On the similar time, the outlet market can also be “blooming”, the place brand-name show units with minor put on and tear can be found at nice reductions.
It’s indicative that the “retail commerce of second-hand items in shops” was within the first quarter of this 12 months one of many two actions that recorded the most important enhance within the whole variety of companies within the retail sector.
Specifically, based on ELSTAT knowledge, the turnover of second-hand objects confirmed a rise of 26.3% within the first quarter of 2024 in comparison with the corresponding quarter of 2023.
After all, this class doesn’t solely embrace second-hand digital items, but in addition garments, footwear, furnishings, family home equipment, and so forth., whereas it’s clear that the turnover of the shops remains to be low, solely 9.79 million. euros within the first quarter, nonetheless, then again, it’s not totally consultant, as many transactions are additionally finished by means of on-line shops and platforms.
In any case, the course of gross sales of used objects in shops is noteworthy, since from 11.09 million euros in 2019 it “climbed” to 30.25 million euros in 2023, primarily based on ELSTAT knowledge.
And the massive gamers in used vehicles
With out guilt… all the massive “gamers” with a presence in client electronics are lively available in the market of used electronics and particularly in that of cell phones, laptops, desktops and the gaming class.
Refurbished smartphones could be discovered at SHOPFLIX.GR, whereas Public and Skroutz made their debut within the used market final 12 months. On the similar time, the Plaisio chain has been providing repaired and exhibition merchandise for a number of years.
As well as, Kotsovolos can also be lively within the exhibition and refurbished home equipment sector, which has created a inventory retailer on the Nationwide Freeway, SEA of Sirius, in addition to pc gross sales firms, corresponding to Cosmodata and on-line purchasing websites, corresponding to refurbished24.gr, refurbishedstor.gr, the backmarket and a number of other different gamers. As well as, digital platforms are additionally rising, which purchase used electronics, restore them and put them again in the marketplace as new.
It’s typical that the Second Go sector in Public shops recorded a rise of 81% in 2023 in comparison with the earlier 12 months, based on the CEO of the group Robbie Burla, whereas as he stated, 90% of the items offered are cell and particularly iphone and though there’s curiosity on this market particularly from the youth, there can be no growth into different genres, e.g. White home equipment.
Additionally within the outlet part, the Public chain is increasing as a result of excellent efficiency of the prevailing retailer within the Rentis space. In line with what the top of the group talked about, just a few days in the past one other outlet retailer began working in Maroussi, on the primary flooring of the shop there, whereas one other one is being deliberate in Thessaloniki.
It must be famous that one in three Greeks (28%) has purchased a used machine, primarily a refurbished cell phone, whereas 49% of customers, who haven’t but stated “sure”, are positively contemplating the potential of shopping for a smartphone of this class, based on analysis by Focus Bari.
At 100 billion {dollars} the market of refurbished cell phones
In line with a current examine by ResearchAndMarkets, the worldwide refurbished cell phone market is predicted to exceed US$100 billion by 2029, from US$64.91 billion in 2023. The market is predicted to develop at a CAGR of seven.80% throughout the interval 2024-2029.
The truth that refurbished cell phones give customers entry to premium options and specs, corresponding to superior cameras, enhanced processing energy and progressive design, at a extra reasonably priced value is the principle purpose why this market is seeing an ever-increasing development.
An necessary parameter can also be that many refurbished mobiles are accompanied by ensures and help providers, providing customers extra peace of thoughts and safety from potential issues.
Quite the opposite, having enough stock stays the largest problem within the secondary market.
Supply: ot.gr
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