Middle East & Africa Recommerce Market Research Report: Forecast (2024-2030)

Middle East & Africa Recommerce Market Report - By Type (Peer-to-Peer Marketplaces, Resale Marketplaces, Refurbished Goods Marketplaces), By Product (Electronics, [Smartphones & Ta......blets, Laptops & Computers, Cameras and Photography Equipment, Home Appliances (Refurbished Refrigerators, Washing Machines, etc.), Others (Networking Equipment, Gaming Consoles and Accessories, etc.)], Fashion & Apparel, [Clothing, Footwear, Accessories (Jewelry, Watches, Handbags, etc.)], Furniture and Home Goods, [Sofas and Couches, Tables & Chairs, Home Decor (Rugs, Paintings, Vases, etc.), Others (Garden Equipment, Bathroom Accessories, etc.)], Automotive, [Used Vehicles, Vehicle Parts and Accessories], Sports and Fitness Equipment, Others (Toys, Collectibles, Books, etc.)), By Product Category (Non-Luxury, Luxury), By Age Group (Up to 18 Years, 19-25 Years, 26-40 Years, 41-55 Years, 56 Years and Above), Others Read more

  • ICT & Electronics
  • Jan 2024
  • 150
  • PDF, Excel, PPT

Market Definition

Recommerce, sometimes referred to as reverse commerce, is the process of revitalizing old items! It's the expanding practice of purchasing and selling previously used goods such as furniture, electronics, or clothing through web marketplaces, traditional retailers, or even trade-in schemes. In addition to saving money over buying new, this increases the product's lifespan and helps the environment by lowering waste and production requirements.

Market Insights & Analysis: The Middle East & Africa Recommerce Market (2024-30):

The Middle East & Africa Recommerce Market size is estimated to grow at a CAGR of around 10.50% during the forecast period, i.e., (2024-30). The recommerce industry in the Middle East & Africa is experiencing notable growth, driven by current industry trends and strategic development activities. One prominent trend is the increasing consumer awareness of sustainability, prompting a surge in the demand for refurbished and pre-owned goods. Companies like Cashify and SellAnyCar.com in the UAE are capitalizing on this trend by providing platforms for individuals to sell and buy used electronics as well as automobiles, respectively.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2024
Forecast Period: 2024-30
CAGR (2024-2030) 10.50%
Country Covered The UAE, Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, Bahrain, Rest of the Middle East & Africa
Key Companies Profiled ReFlaunt, Revibe, AWOK, Noon, Jollychic, The Luxury Closet, RETOLD, Poshmark, Jumia, Bazaara Technologies LTD, and others
Unit Denominations USD Million/Billion

 

 Additionally, the smartphone recommerce sector is witnessing significant traction, with companies like JUMIA and Phonebot expanding their operations and offering affordable refurbished smartphones to tech-savvy consumers. Such strategic developments are fueling the recommerce market's expansion across the Middle East & Africa region. For instance,

  • In 2021, Phonebot expanded its operations in the MEA region to reach a wider audience. The company is engaged in offering refurbished smartphones and accessories.

As sustainability and cost-consciousness continue to drive consumer preferences, the recommerce industry in the MEA region is poised for sustained growth. The emergence of e-commerce platforms and the adoption of digital payment solutions have made it easier for consumers to participate in the recommerce ecosystem. As a result, the recommerce market is evolving into a dynamic and competitive landscape, offering consumers affordable and sustainable alternatives while contributing to the region's economic growth, ultimately driving the growth of the recommerce industry in the region.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. The Middle East & Africa Recommerce Market Consumer Behavior Analysis
    1. Selling Motivation
    2. Buying Preference/ Motivation
    3. The Role of Sustainability in Choosing Resale/Refurbished Products
  5. The Middle East & Africa Recommerce Market Startup Ecosystem
    1. Year of Establishment
    2. Amount Raised (USD Million)
    3. Series of Fund Raise
    4. Purpose of Fund Raise
    5. Investors Involved
  6. The Middle East & Africa Recommerce Market Trends & Insights
  7. The Middle East & Africa Recommerce Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. The Middle East & Africa Recommerce Market Policies, Regulations & Product Standards 
  9. The Middle East & Africa Recommerce Market Hotspot & Opportunities
  10. The Middle East & Africa Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Peer-to-Peer Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
        2. Resale Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
        3. Refurbished Goods Marketplaces- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product
        1. Electronics - Market Size & Forecast 2019-2030, (USD Million)
          1. Smartphones & Tablets - Market Size & Forecast 2019-2030, (USD Million)
          2. Laptops & Computers - Market Size & Forecast 2019-2030, (USD Million)
          3. Cameras and Photography Equipment - Market Size & Forecast 2019-2030, (USD Million)
          4. Home Appliances (Refurbished Refrigerators, Washing Machines, etc.)- Market Size & Forecast 2019-2030, (USD Million)
          5. Others (Networking Equipment, Gaming Consoles and Accessories, etc.) - Market Size & Forecast 2019-2030, (USD Million)
        2. Fashion & Apparel - Market Size & Forecast 2019-2030, (USD Million)
          1. Clothing - Market Size & Forecast 2019-2030, (USD Million)
          2. Footwear - Market Size & Forecast 2019-2030, (USD Million)
          3. Accessories (Jewelry, Watches, Handbags, etc.) - Market Size & Forecast 2019-2030, (USD Million)
        3. Furniture and Home Goods- Market Size & Forecast 2019-2030, (USD Million)
          1. Sofas and Couches - Market Size & Forecast 2019-2030, (USD Million)
          2. Tables & Chairs - Market Size & Forecast 2019-2030, (USD Million)
          3. Home Decor (Rugs, Paintings, Vases, etc.) - Market Size & Forecast 2019-2030, (USD Million)
          4. Others (Garden Equipment, Bathroom Accessories, etc.) - Market Size & Forecast 2019-2030, (USD Million)
        4. Automotive- Market Size & Forecast 2019-2030, (USD Million)
          1. Used Vehicles- Market Size & Forecast 2019-2030, (USD Million)
          2. Vehicle Parts and Accessories- Market Size & Forecast 2019-2030, (USD Million)
        5. Sports and Fitness Equipment- Market Size & Forecast 2019-2030, (USD Million)
        6. Others (Toys, Collectibles, Books, etc.)- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category
        1. Non-Luxury- Market Size & Forecast 2019-2030, (USD Million)
        2. Luxury- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group
        1. Up to 18 Years- Market Size & Forecast 2019-2030, (USD Million)
        2. 19-25 Years- Market Size & Forecast 2019-2030, (USD Million)
        3. 26-40 Years- Market Size & Forecast 2019-2030, (USD Million)
        4. 41-55 Years- Market Size & Forecast 2019-2030, (USD Million)
        5. 56 Years and Above- Market Size & Forecast 2019-2030, (USD Million)
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Egypt
        5. Qatar
        6. Kuwait
        7. Bahrain
        8. Rest of the Middle East & Africa
      6. By Company
        1. Market Share
        2. Competition Characteristics
  11. The UAE Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  12. Saudi Arabia Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  13. South Africa Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  14. Egypt Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  15. Qatar Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  16. Kuwait Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  17. Bahrain Recommerce Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Category- Market Size & Forecast 2019-2030, (USD Million)
      4. By Age Group- Market Size & Forecast 2019-2030, (USD Million)
  18. The Middle East & Africa Recommerce Market Key Strategic Imperatives for Success & Growth
  19. Competitive Outlook
    1. Company Profiles 
      1. ReFlaunt
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Revibe
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. AWOK
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Noon
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Jollychic
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. The Luxury Closet
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. RETOLD
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Poshmark
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Jumia
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Bazaara Technologies LTD
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  20. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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