Second Hand Small Domestic Appliances Market Size

Second Hand Small Domestic Appliances Market size was valued at USD 3.72 billion in 2024 and is likely to exceed USD 7.79 billion by the end of 2037, expanding at over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of second hand small domestic appliances is evaluated at USD 3.9 billion.

The growth of the market can be attributed to a growing preference for secondhand appliances, backed by their low cost. It has been observed that used goods are around 50% less expensive than new ones. Hence, this enables buyers to uncover excellent products at fair prices and save money throughout the entire process of buying used appliances. Furthermore, environmental concerns, a focus on reusability, and increased product life duration, along with many other factors, are expected to support the growth of the second hand small domestic appliances market.

Furthermore, rise in urbanization is also estimated to boost the growth of the market. Since most urban households have a large number of electric appliances, and most rural areas are not fully electrified, the demand for used appliances in metropolitan areas is likely to increase. Also, the rise in middle class population would have a great positive impact on the market growth. For instance, in India nearly 54% of households in urban areas were of middle class, approximately 12% were wealthy, and about 31% were aspirational. Also, as 140 million households estimated to enter the middle class and another 20 million enter the higher income bracket by 2030, they are estimated to spend about 1-2.5 times more on necessities (food, beverages, garments, personal care, electronics, transportation, and housing) and approximately 2-4 times more on services (healthcare, education, entertainment and household care). However, since the cost of domestic appliances is anticipated to increase, it is always necessary amongst the end-users to make decisions that are within their own resources. As a result of their lower price compared to new alternatives, the demand for used small domestic appliance is anticipated to increase over the course of the projection period.