Global Second hand appliances market is flourishing rapidly due rise in the income of lower class consumers. Additionally, global second hand appliances market is growing on the account of low transaction cost and increase product life time.
Freestanding fridge freezers and freestanding automatic washing machines are the major products having large market share of 13.53% and 10.52% respectively in overall second hand appliances market
Global Second Hand Appliances market marked a growth of 5.3% in 2018. Moreover, the market is expected to flourish at a CAGR of 6.3% and is likely to garner USD 10,687.59 Million by the end of 2025.
Key factors responsible for increasing usage of second hand appliances are reduced cost of product, rising presence of offline and online second hand shops. Additionally, growing income of lower and middles class segment is fostering the demand of second hand appliances.
Further, the market of global second hand appliances is anticipated to achieve a Y-o-Y growth rate of 7.45% in 2025 as compared to the previous year. Growing need for appliances is expected to spur the growth of second hand appliances market over the forecast period.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Risk Analysis
4. Top Countries with Highest demand for Second Hand Appliances Market - By Region
5. Global Second Hand Appliances Market Size (USD Million) and Forecast, 2017-2025
6. Market Dynamics & Its Impact Analysis
7. Global Second Hand Appliances Market Segmentation Analysis
8. Porter's Five Force Model Analysis
9. Analyst Recommendation
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