The Online Secondhand Trading Platform Market is expected to reach USD 14.6 billion by the completion of 2027 USD 30 billion with 10.8% CAGR during the forecast time frame of 2020-2027.The driving factors influencing the online secondhand trading platform market include the increasing in advancement of technology and internet penetration growing number of users in this market.
In the recent past, the online second-hand trading platform has witnessed a drastic change in July, online marketplace Snapdeal started Shopo, a platform where small businesses and individuals can set up a store to sell used or new goods. About 20,000 small businesses and momand-pop outlets operating from homes have already set up storefronts on Shopo. “It’s a zero-commission marketplace.
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Anyone can set up shop and it will support single product use. In August, eBay India, started offering ‘eBay Choices’, a platform for refurbished products. Only about 10% of what is sold on eBay in India is used and refurbished goods, but the marketplace expects this to double in a year.
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