Europe Second-Hand Electronic Products Market - By product type, By End Use, By Distribution Channel, By country, Forecast 2025 – 2034

Europe Second-Hand Electronic Products Market Size

The Europe second-hand electronic products market size was valued at USD 61 billion in 2024. The market is expected to grow from USD 63.1 billion in 2025 to USD 93 billion in 2034, at a CAGR of 4.4%. The European second-hand electronics market is rapidly evolving, mainly due to the upsurge in consumer demand for cheaper versions of new devices. Due to the current cost of living crisis, many consumers are looking for cheaper options which makes refurbished electronics appealing. Also, growing concern for the environment is impacting market growth.
 

Everyone is trying to buy reused electronics which helps in reducing e-waste. The European Environment Agency states that prolonging the life of devices by one year has the potential to lower carbon emissions in the EU by 4 million tons a year. Moreover, the reuse of electronics tends to reduce environmental impacts by 50%, which supports the argument for the circular economy. Apple and other companies are following this and have pledged to increase the supply of their refurbished products and plan to make them twice as much available by 2025.
 

The rise in prices of new types of electronics is another key factor that has driven markets forward. Because of inflation, new electronics are being produced at much higher prices, making them less obtainable for consumers. Lowered access increases the market for refurbished electronics because younger audiences such as students and young professionals, who are knowledgeable about technology and financial planning, prefer spending less. Refurbished devices function exceptionally well and cost significantly less, thus gaining popularity as opposed to buying new items. Spending power is limited, and lack of affordability sustains the growing demand for second-hand electronics based on their value to the current economy and the environment.
 

Europe Second-Hand Electronic Products Market Trends

• AI and machine learning technologies enhance the buying and selling experience of second-hand electronics. For example, AI makes it possible for platforms to provide correct pricing and identify counterfeit products. The European Consumer Organization has recognized the trust consumers have in these markets because of the technological changes made.
   
• The promotion of reuse and recycling of electronic products under the Circular Economy Action Plan by the European Union serves as a policy boost for the second-hand electronics market by encouraging sustainable consumption.
   
• As e-commerce platforms continue to expand, access to second-hand electronics has become easier for consumers. As per Eurostat's current report, 72% of Europeans made online purchases in 2023, a majority of which included second-hand items.
   
• Both governmental and non-governmental organizations are advocating about the advantages of purchasing used electronics devices. In particular, the European Environmental Bureau has started initiatives aimed at promoting electronic device reuse which further helps market expansion.
   

Europe Second-Hand Electronic Products Market Analysis:

Based on product type, the Europe market can be segmented into smartphones & tablets, TVs& audio-video devices, computers& laptops, camera & lens, hard disks/printers and monitors, kitchen appliances, washing machines/ refrigerators and others. In 2024, the smartphones & tablets segment accounted for USD 14.1 billion and is expected to reach USD 19.6 billion.
 

• Increased marketing of recently launched models leads to increased consumption of second-hand smartphones and tablets. Over 500 million people in Europe using smartphones in 2023 reports GSMA, meaning there is a large market of used devices.
   
• Consumer's tendency to upgrade to the more advanced models ensures that there is a constant and steady supply of recent devices in the resale markets. Refurbished smartphones and tablets appealing to economically savvy consumers who do not want to compromise on quality but desire significant savings.
   
• This segment is driven by issues regarding the environment because smartphones and tablets generate a considerable amount of electronic waste. The European Environmental Agency estimates that prolonging the use of smartphones by just one year could save over two million metric tons of CO2 emission each year.
   

Based on end use, the Europe second-hand electronic products market is categorized into individual and commercial. In 2024 commercial end use accounted for a market share of 69.5% and is anticipated to grow at a CAGR of 4.7% during the forecasted period.
 

• Businesses are constantly upgrading their operational tools, so there is a constant supply of good-quality used electronics in the market. Corporate IT refresh cycles guarantee that many used laptops, smartphones, and tablets are in good working condition, making them valuable for resale. Such devices are often sold after professional refurbishment, which attests to their reliability and extended shelf life.
   
• The financial advantages associated with purchasing refurbished electronics makes them appealing to businesses. Companies can spend up to half the amount needed for new devices, thereby improving the efficient allocation of resources. This is especially advantageous for small businesses and start-ups that aim to reduce operational costs while gaining access to modern technology.
   
• Guaranteed refurbishment and warranty policies lower the risks associated with hardware failures. Many refurbishes are certified to adhere to industry standards and carry out extensive tests targeted at used electronics, assuring businesses that the provided secondary devices will not underperform and will align with their operational demands.
   

Based on distribution channel, the Europe second-hand electronic products market is categorized into online and offline. In 2024, online segment held a significant share of the market and is expected to maintain its position during the forecast period.
 

• Online channels have taken over the market for secondhand electronics as they provide convenience and a broad selection of products to the customers. Back Market, eBay, and Amazon have actively marketed their sections for refurbished electronics by offering certified pre-owned devices with warranties. These platforms ensure quality control increasing used electronics sales consumer trust and confidence.
   
• Consumer protection offered by online platforms to their customers has increased the sales of used electronics. Amazon Renewed and eBay Certified Refurbished, for example, provide return and guarantee provisions which mitigate the risks of purchasing worn out devices. Such policies foster trust among consumers and businesses.
   
• The emergence of purpose-built mobile applications like OfferUp and Facebook Marketplace has drastically changed the face of retailing used electronics. Users can browse and compare products at their own convenience, often at prices cheaper than regular retail outlets. The growing adoption of mobile payments continues to drive the growth online resale market.
   

The U.K. dominated the second-hand electronic products market with revenue of around USD 7.3 billion in 2024 and with a CAGR of 3.3% for the forecast period of 2025 to 2034.
 

• The UK is among the largest consumers of used electronics in Europe, attributed to high market awareness and a developed e-commerce system. According to MPB survey, 35% of respondents stated that they increased the frequency of used purchases this year, which translates to 9.4 million adults in the UK. More than half (52%) cited that they were primarily motivated by cost considerations.
   
• In Germany Factors driving growth include cultivating Environmental Awareness, Implementing Stringent Regulations, and Established Electronic Waste Recycling Systems. The aims of the German Electrical and Electronic Equipment Act (ElektroG) are to protect the environment and public health, as well as to conserve ecological resources.
   

Europe Second-hand Electronic Products Market Share

• The top 5 companies collectively hold a substantial 20 -25% market share. Key players involved in the Europe market are amazon, eBay Marketplace, Facebook Marketplace, Shopify, Offer Up.
   
• Amazon: Amazon utilizes its well-established logistics network and trust from its clients to maintain its leading position in the used electronic market. The company runs an "Amazon Renewed" program under which customers sell certified refurbished products with guarantees.
   
• eBay Marketplace: eBay continues to be a major participant because its auction-based approach and worldwide presence. The site’s “Certified Refurbished” section is increasingly popular among European shoppers.
   
• Facebook Marketplace: Facebook Marketplace allows users to buy and sell second-hand products which is an added advantage for users but is equally popular because of its social networking element. Its targeted marketing has made it a hub for used electronics.• Shopify: Shopify helps small businesses and independent merchants in the used electronics industry with customizable e-commerce platforms.
   
• OfferUp: OfferUp improves the mobile-first approach to buying and selling used electronics with an intuitive app that enhances user experience.
   

Europe Second-hand Electronic Products Market Companies

Major companies operating in the Europe second-hand electronic products industry include:

• Amazon
• eBay marketplace
• Facebook marketplace
• Offer up
• Reuse Tek
• ReWare
• RueDuCommerce
• Shopify
• Walmart
• Zonzoo Holdings Ltd
   

Businesses operating within the second-hand electronics segment are concentrating on building customer trust and ease of use. Offering warranties, certifications, and quality assurance on refurbished products strengthens trust. For example, Amazon's Renewed program assures buyers that all refurbished products are of top-notch quality.
 

A primary approach is incorporating technology to enhance the buying process. eBay and OfferUp, for instance, use AI-powered algorithms to recommend strategic pricing and identify fake items. These advances not only make transactions easier but also increase trust in the second-hand market. eBay's branded Certified Refurbished offers customers carefully selected used electronics from leading brands. This strategy differentiates eBay from competitors while addressing customers' quality concerns.
 

Europe Second-hand Electronic Products Industry News

• In November 2023, Amazon opened a new retail store located at the Brunswick Center in Central London, which they refer to as ‘The Second Chance Store’. This shop advertises various secondhand goods including kitchen and household appliances.
   
• In September 2023, eBay Deutschland GmbH launched eBay Lokal, an initiative designed to promote local trades within the platform. This new feature is a redesign of current offerings and product features on eBay.de aimed at improving the local selling, buying, and pickup processes.
   
• In August 2022, Walmart opened Walmart restored for the purpose of selling refurbished electronics. The service includes a 90-day free return policy on any of the items purchased.
   
• In March 2022, The Back Market Inc introduced a buyback program in the United States. The program allows Back Market customers to sell their devices to a peer-to-peer qualified refurbishing network at highly competitive prices. This initiative represents a further crucial step in the company's efforts to support the circular economy and extend the lifespan of electronic devices.
   

The Europe second-hand electronic products market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Product type

• Smartphones & tablets
• TVs & audio-video devices
• Computers & laptops
• Cameras & lens
• Hard disks/printers and monitors
• Kitchen appliances
• Washing machines/refrigerators
• Others

Market, By End Use

• Individual
• Commercial

Market, By Distribution Channel

• Online
• Offline

The above information is provided for the following countries:

• Europe
  • U.K.
  • Germany
  • France
  • Netherlands
  • Sweden
  • Italy
  • Spain
  • Russia
  • Belgium
  • Norway
  • Denmark
  • Portugal
  • Poland