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US Resale 2024
Online Resale Platforms Court High-Income Shoppers and Turn to AI Amid Slowing Growth
The ecommerce-dominated resale market is facing a slowdown as platforms grapple with the mounting costs of selling one-of-a-kind items online. Major online resale platforms are responding by adjusting strategies to maximize order values and investing in technology to improve operational efficiencies.
Key Question: How can online resale platforms respond to weakened demand for secondhand goods?
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Key Stat: In 2024, online resale revenues will surpass $80 billion, but this figure is more than $8 billion lower than our previous forecast.
authors
Sarah Marzano
Contributors
- Sky Canaves
- Principal Analyst
- Wendy Louie-Lam
- Senior Forecasting Analyst
- Carina Perkins
- Senior Analyst
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