In the recent days, there’s been a spike in customers buying pre-owned electronics and this change in mindset has pulled in investors towards the re-commerce industry.
According to a market study, Market Insights & Analysis: Global Re-Commerce Market (2025-30) by MarkNTel Advisors quotes:
The Global Re-Commerce Market size is valued at USD 201.4 billion in 2024 and is projected to reach USD 289.76 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.25% during the forecast period, i.e., 2025-30.
Source: Market Insights & Analysis
Another article published in Business Wire, India Recommerce Intelligence Report 2025 | $5.91 Billion Market is Scaling Through Platform Expansion, OEM Trade-In, and Circular Retail Enablements – Forecast to 2029 – ResearchAndMarkets.com quotes:
The recommerce market in India is on a promising trajectory, projected to grow by 11.7% annually, reaching USD 5.91 billion by 2025. From 2020 to 2024, the market witnessed a significant CAGR of 14.6%, and it is anticipated to maintain a positive growth rate of 9.8% from 2025 to 2029, ultimately expanding to USD 8.61 billion by 2029.
Source: India Recommerce
Smartphones and consumer electronics
- Smartphone and consumer electronics re-commerce is growing through OEM-led buyback programs and certified resellers. Apple partners with Servify, while Samsung, Xiaomi, and OnePlus offer structured trade-in services.
- Certified refurbished smartphones with warranty will expand beyond metros. Trade-in will become embedded across Flipkart, Amazon Renewed, and retail chains like Croma.
Reasons behind the mindset shift
Increased Trust Through Customer Service
Re-commerce companies have taken utmost effort to gain the trust of customers through warranties, seller verification and return back programs.
Value For Money
Customers have started to prefer maximum value for money which is a shift from “new at any cost” mindset. They understand that choosing pre-owned electronics will deliver the same performance at a very low cost
Better Quality Assurance
Some of the buyers feel that refurbished products can be tested with assurance from the seller rather than getting unopened boxes
Eco-Conscious Choice
Customers who care about environmental wellbeing believe that life span of electronic products should be increased to reduce e-waste
Follow the Checklist Before Investing in Pre-Owned Electronics
Before buying pre-owned electronics, remember to go through the below checklist and make your purchase smart.
Check the device condition
Look into the condition grade given by the seller ( Like New, Excellent, Good, or Functional). This will help you understand the wear and tear of the product if any
Warranty and Return policies
Spend time in going through the terms and conditions and have thorough knowledge on the product and what you are signing up for
Compare Price vs New Product
A good pre-owned electronic device should come at a lesser price comparing with a similar new product
Test the product
Though the product can’t be completely tested, spend time to test the basic functionalities of the product
Look for accessories and other inclusions
Do a thorough research of the product and understand what are included with a new device and what you will getting with your pre-owned product
ON SALE: NIKON NIKKOR
