The US second-hand market will reach 69.2 billion! Christmas gifts become popular

According to Mercari's latest report, US consumers will spend $69.2 billion on the second-hand market in 2021. As prices in the US rise slightly, the prices of second-hand goods will also rise. The prices of second-hand goods will increase by 24% year-on-year between October and December .

The report shows that overall consumption in the second-hand market is expected to grow 12.6% this year to $300.8 billion. Among adults surveyed , 77.2% said they are likely to buy at least one second-hand item during the holiday season , up 17% from $291.94 last year . Among people aged 25 to 44, 86.2% plan to buy second-hand items this holiday season , with an average spend of $449.20 per person.

71.9% of the respondents said that due to the impact of inflation, buying second-hand goods will save them a lot of money. With the arrival of the holiday, Christmas -related products have become the most popular second-hand products among consumers. 84% of those who plan to resell want to buy Christmas-related items , followed by Halloween products. 49.6% of consumers will choose to shop in advance, 42% will shop in sync with the holiday, and 8.5% of consumers may choose to shop later.

In addition to saving money, the increasing acceptance of second-hand gifts is also an important reason for the growth of the market. This reason is highest among the 25-44 age group , with 57.2% of people saying that they can accept it . Consideration of product delays and shortages is also one of the reasons why the second-hand market is popular.

Since the beginning of this year, there has been a lot of news about the second-hand market, but most of them are in the US market, such as ThredUp, Poshmark, etc., where clothing, shoes and electronic products have grown significantly. Low-priced and practical second-hand goods have begun to be recognized by more people, and the second-hand resale market has also burst into greater vitality.

Mercari US CEO John Lagerling said that 20 million people in the United States may buy second-hand products to avoid the multiple impacts of supply chain problems, and resale spending will reach US$7 billion .

USA

Second-hand market