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Germany Refurbished Retail Market Size, Share, Analysis: By Type: Certified Refurbished, Seller Refurbished; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Germany Refurbished Retail Market Size
The Germany refurbished retail market reached nearly USD 2,940.73 million in 2023. The market is estimated to grow at a CAGR of 14.5% during 2024-2032 to reach a value of USD 10,203.99 million by 2032.
Key Takeaways
- The service sector in Germany accounts for a significant share of Germany’s GDP. In 2018, the service sector accounted for a share of 61.2% and grew by 2.1% to reach 63.3% in 2020.
- Due to the extended warranty and return policy offered by the resellers, the interest of startups and SMEs in buying refurbished devices to lower their capital has surged.
- With initiatives like the Circular Economy Initiative Germany (CEID), the country is adopting a forward-looking framework for changing the outlook of businesses along with science and politics.
The country is witnessing a higher demand for certified refurbished products as they guarantee improved quality and an extended warranty, thereby aiding the Germany refurbished retail market expansion. With this, companies such as eBay are focusing on expanding their certified refurbishment programmes to provide consumers with sustainable and cost-effective shopping alternatives in the form of second-hand or refurbished goods.
Germany is a country with a sizeable population and a high rate of internet usage. A large number of the population routinely purchase online, and the country is a top market in terms of purchasing power and internet usage in all of Europe. Thus, leading companies are increasing their online presence to target potential customers and are focusing on offering improved online services to users.
The online goods trade is gaining massive traction in Germany, as many people are inclined towards online retail stores to purchase electronics, furniture, computers, and other items. The e-commerce penetration in the German market reached 77% in 2021, driven by the perceived benefits of online shopping, which include home delivery, 24/7 availability, and convenience. Amazon.de, otto.de, zalando.de, mediamarkt.de, and lidl.de are the top five online retailers in Germany, accounting for over 45% share in the German e-commerce market.
Germany Refurbished Retail Market Report Snapshots
Germany Refurbished Retail Market Size
Germany Refurbished Retail Market Trends
Germany Refurbished Retail Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Germany Electronics Market Overview
9 Germany Refurbished Retail Market Overview
9.1 Key Industry Highlights
9.2 Germany Refurbished Retail Historical Market (2018-2023)
9.3 Germany Refurbished Retail Market Forecast (2024-2032)
9.4 Germany Refurbished Retail Market Share by Type
9.4.1 Certified Refurbished
9.4.2 Seller Refurbished
10 Germany Certified Refurbished Retail Market Analysis
10.1 Key Industry Highlights
10.2 Germany Certified Refurbished Retail Historical Market (2018-2023)
10.3 Germany Certified Refurbished Retail Market Forecast (2024-2032)
10.4 Germany Refurbished Retail Market by Product Category
10.4.1 Mobile Phones
10.4.1.1 Historical Trend (2018-2023)
10.4.1.2 Forecast Trend (2024-2032)
10.4.2 Computers and Laptops
10.4.2.1 Historical Trend (2018-2023)
10.4.2.2 Forecast Trend (2024-2032)
10.4.3 Tablets
10.4.3.1 Historical Trend (2018-2023)
10.4.3.2 Forecast Trend (2024-2032)
10.4.4 Smart Watches
10.4.4.1 Historical Trend (2018-2023)
10.4.4.2 Forecast Trend (2024-2032)
10.4.5 Networking and Gaming, VR, Video Game Console
10.4.5.1 Historical Trend (2018-2023)
10.4.5.2 Forecast Trend (2024-2032)
10.4.6 Home Audio and HiFi, DVD, Blu-Ray, and Home Cinema
10.4.6.1 Historical Trend (2018-2023)
10.4.6.2 Forecast Trend (2024-2032)
10.4.7 Health and Beauty (Hair Care and Other Styling Products)
10.4.7.1 Historical Trend (2018-2023)
10.4.7.2 Forecast Trend (2024-2032)
10.4.8 Others
10.5 Germany Certified Refurbished Retail Market by Business Type
10.5.1 B2B
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 B2C
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
11 Germany Seller Refurbished Retail Market Analysis
11.1 Key Industry Highlights
11.2 Germany Seller Refurbished Retail Historical Market (2018-2023)
11.3 Germany Seller Refurbished Retail Market Forecast (2024-2032)
11.4 Germany Seller Refurbished Retail Market by Product Category
11.4.1 Mobile Phones
11.4.1.1 Historical Trend (2018-2023)
11.4.1.2 Forecast Trend (2024-2032)
11.4.2 Computers and Laptops
11.4.2.1 Historical Trend (2018-2023)
11.4.2.2 Forecast Trend (2024-2032)
11.4.3 Tablets
11.4.3.1 Historical Trend (2018-2023)
11.4.3.2 Forecast Trend (2024-2032)
11.4.4 Smart Watches
11.4.4.1 Historical Trend (2018-2023)
11.4.4.2 Forecast Trend (2024-2032)
11.4.5 Networking and Gaming, VR, Video Game Console
11.4.5.1 Historical Trend (2018-2023)
11.4.5.2 Forecast Trend (2024-2032)
11.4.6 Home Audio and HiFi, DVD, Blu-Ray, and Home Cinema
11.4.6.1 Historical Trend (2018-2023)
11.4.6.2 Forecast Trend (2024-2032)
11.4.7 Health and Beauty (Hair Care and Other Styling Products)
11.4.7.1 Historical Trend (2018-2023)
11.4.7.2 Forecast Trend (2024-2032)
11.4.8 Others
11.5 Germany Seller Refurbished Retail Market by Business Type
11.5.1 B2B
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 B2C
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Refurbed GmbH
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Back Market, Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Amazon Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Rebuy recommerce GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 eBay Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Swappie Oy
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Apple Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Germany Refurbished Retail Market: Key Industry Highlights, 2018 and 2032
2. Germany Certified Refurbished Retail Market: Key Industry Highlights, 2018 and 2032
3. Germany Certified Refurbished Retail Historical Market: Breakup by Product Category (USD Million), 2018-2023
4. Germany Certified Refurbished Retail Market Forecast: Breakup by Product Category (USD Million), 2024-2032
5. Germany Certified Refurbished Retail Historical Market: Breakup by Business Type (USD Million), 2018-2023
6. Germany Certified Refurbished Retail Market Forecast: Breakup by Business Type (USD Million), 2024-2032
7. Germany Seller Refurbished Retail Market: Key Industry Highlights, 2018 and 2032
8. Germany Seller Refurbished Retail Historical Market: Breakup by Product Category (USD Million), 2018-2023
9. Germany Seller Refurbished Retail Market Forecast: Breakup by Product Category (USD Million), 2024-2032
10. Germany Seller Refurbished Retail Historical Market: Breakup by Business Type (USD Million), 2018-2023
11. Germany Seller Refurbished Retail Market Forecast: Breakup by Business Type (USD Million), 2024-2032
12. Germany Refurbished Retail Market Structure
Key Questions Answered in the Report
The refurbished retail market in Germany reached a value of USD 2,940.73 million in 2023.
The market is projected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 10,203.99 million by 2032.
The product categories are mobile phones, computer and laptops, tablets, smartwatches, networking and gaming, VR, video games-consoles, home audio and Hifi, DVD, Blu-ray and home cinema, health and beauty (hair care and other styling products), and others.
The factors driving the market are increasing internet penetration, rising adoption of cost-effective products by the German population, and increasing sustainability concerns.
About 93% of German adults are online, representing the use of the internet at least occasionally or access to the internet via a smartphone.
The service sector in Germany accounts for a significant share of Germany’s GDP. In 2018 the service sector accounted for a share of 61.2%, which increased to 63.3% in 2020.
The key players in the market include Refurbed GmbH, Back Market, Inc., Amazon Inc., Rebuy recommerce GmbH, eBay Inc., Swappie Oy, and Apple Inc., among others.
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