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Yahoo
07-07-2025
- Business
- Yahoo
South Korea Recommerce Market Report 2025-2029: Fashion Recommerce Is Scaling Through Brand-Led Resale and Online Platforms, Driven by KREAM, Bunjang, and Karrot
South Korea's recommerce market is set to grow 11% annually, reaching $5.28 billion by 2025. Driven by tech-enabled resale and circular economy goals, key sectors include fashion and electronics. The market will see increased platform integration and logistics innovations, with regulatory support enhancing sustainability practices. South Korean Recommerce Market Dublin, July 07, 2025 (GLOBE NEWSWIRE) -- The "South Korea Recommerce Market Intelligence Databook - 60+ KPIs, Market Size, Share & Forecast by Channel, Category & Consumer Segment - Q2 2025 Update" report has been added to South Korean recommerce market is poised for significant growth, with expectations to reach USD 5.28 billion by 2025, marking an annual growth rate of 11.0%. From 2025 to 2029, the market is projected to grow at a CAGR of 9.2%, culminating in an estimated USD 7.51 billion by the end of 2029. This growth is bolstered by a consistently increasing CAGR of 13.3% from 2020 to 2024. This report provides a detailed data-centric analysis of the recommerce market in South Korea, covering market opportunities and risks across consumer segments (peer-to-peer and business-led resale); product categories; sales channels; and resale formats. With over 60+ KPIs at the country level, this report provides a comprehensive understanding of recommerce market offers a comprehensive analysis of market dynamics in the recommerce market, segmented by recommerce channels (C2C, B2C, trade-in programs), sales models (resale, rental, refurbishment), platform types (generalist and vertical-specific), digital engagement (app, website, social media), and retail categories (electronics, apparel, home goods, and more). In addition, it provides a snapshot of consumer behaviour, device usage, payment preferences, and city-level penetration across Tier 1 to Tier 3 in South Korea Is Growing Through Platform Integration, Tech-Enabled Fashion Resale, and Regulatory Circularity GoalsSouth Korea's recommerce market is shifting from peer-based secondhand transactions to structured, tech-enabled resale ecosystems. Fashion and electronics remain leading verticals, supported by digital platforms, logistics infrastructure, and national policies linked to circular economy and electronics resale are formalizing through digital platforms, OEM partnerships, and ESG-aligned business models. Over the next 2-4 years, Korea's recommerce market is expected to consolidate into professionally managed, compliance-driven ecosystems across key consumer Recommerce Is Scaling Through Brand-Led Resale and Online Platforms Fashion resale in South Korea is being driven by platforms like KREAM (sneakers, streetwear), Bunjang, and Karrot. Department stores and fashion brands are also experimenting with resale offerings. High smartphone penetration, a strong online resale culture, and millennial/Gen Z fashion consciousness are key drivers. Limited-edition sneaker resale has gained legitimacy through verification services and branded storefronts. Expect further verticalization in resale platforms - e.g., more segmented fashion, sportswear, or luxury resale sites - and increased integration with e-commerce and logistics platforms. Electronics Recommerce Is Expanding Through OEM-Backed and Carrier Trade-In Programs Samsung and LG operate structured trade-in and refurbishment programs in partnership with telecom providers like SK Telecom and KT. Local platform Aladin also sells certified pre-owned electronics. Consumer price sensitivity, frequent upgrade cycles, and growing e-waste volumes are driving demand for structured electronics resale. With growing institutional focus, electronics trade-in and resale programs will expand across online and offline channels. Platforms offering diagnostics and certification will grow in relevance. Livestream and Community-Driven Recommerce Is Influencing Purchase Behavior Platforms like Karrot and Danggeun Market are popular for local, peer-to-peer resale. Features such as in-app messaging, real-time listings, and community reviews are widely used. Urban density, mobile-first digital behavior, and trust-based community dynamics make local resale convenient and low-friction. Livestream resale and social validation will continue to grow, especially for low-ticket categories. These models may coexist with formal platforms for high-value goods. Circular Economy Policies Are Influencing Corporate Reuse and Recycling Models South Korea's Resource Circulation Framework Act mandates waste reduction, encouraging OEMs and retailers to engage in resale, take-back, and recycling. Extended Producer Responsibility regulations and climate targets under the 2050 Carbon Neutral Strategy are incentivizing corporate circularity initiatives. ESG-linked reuse operations and impact tracking will expand across consumer sectors. More brands will formalize recommerce as part of sustainability reporting. Logistics and Fulfilment Innovation Is Supporting Growth of Structured Recommerce Startups and logistics providers are enabling resale flows by offering diagnostics, grading, packaging, and delivery services. This includes last-mile and reverse logistics. South Korea's advanced delivery infrastructure supports fast resale cycles. Marketplaces are embedding logistics to drive customer trust and convenience. Logistics-backed recommerce will become essential for scale, especially in electronics and apparel. New startups are likely to emerge to serve this value chain. Competitive Landscape in South Korea Is Defined by Specialized Platforms, OEM Participation, and Policy-Aligned Retail PilotsSouth Korea's recommerce landscape is maturing with differentiated platforms in fashion and electronics, along with growing institutional focus on circularity. Competitive dynamics are shaped by platform features, resale legitimacy, and regulatory alignment. The competitive landscape in South Korea is increasingly defined by platform specialization, regulatory support, and high consumer expectations around trust and speed. Strategic success will depend on integration of verification, logistics, and sustainability metrics into recommerce operations. Specialized vertical platforms are likely to expand in luxury, kidswear, and refurbished electronics. Policy incentives and ESG reporting pressure will drive more brands to internalize resale. Logistics partnerships will support scale and trust in both peer-to-peer and structured resale models. Fashion Recommerce Is Driven by Vertical Platforms and Authenticity Infrastructure KREAM specializes in sneaker and streetwear resale, offering price tracking and product verification. It is backed by Naver and has emerged as the dominant vertical platform. Bunjang and Danggeun Market (Karrot) support broader secondhand transactions with large user bases and in-app transaction tools. Their influence extends beyond fashion into general goods. Platforms emphasize verification, escrow payments, and user ratings to build trust. Electronics Recommerce Is Anchored by Samsung, LG, and Telecom Resale Programs Samsung and LG operate formal trade-in programs in partnership with carriers like SK Telecom and KT. Devices are refurbished and resold via official retail or online channels. Aladin, an online bookstore, has expanded into certified used electronics through buy-back programs. Electronics recommerce is often bundled with upgrade plans or loyalty incentives through telco platforms. Community Platforms Maintain Scale in Peer-to-Peer Resale Karrot (Danggeun Market) continues to lead in local resale, enabling neighborhood-level transactions in metro areas like Seoul. Trust is built through proximity, user verification, and active community moderation. While informal, these platforms account for high transaction volumes across apparel, gadgets, and household items. Retailers and Brands Are Launching Pilot Circular Programs in Response to Policy Brands and retail conglomerates are experimenting with resale, particularly in fashion and electronics, as part of their ESG strategy. Some department stores are piloting resale counters or partnering with online platforms. These initiatives are often linked to compliance with the Resource Circulation Framework and EPR mandates. Company Coverage: KREAM Bunjang Karrot / Danggeun Market Samsung LG SK Telecom KT Aladin Naver Key Attributes: Report Attribute Details No. of Pages 83 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $5.28 Billion Forecasted Market Value (USD) by 2029 $7.51 Billion Compound Annual Growth Rate 9.2% Regions Covered South Korea Report ScopeThis report offers a comprehensive, data-centric analysis of the recommerce market in South Korea, supported by 40+ tables and 55+ charts. The databook provides detailed forecasts and key performance indicators across transaction value, volume, and market share trends from 2020 to 2029. Below is a summary of the key market segments covered:South Korea Recommerce Market Size and Growth Dynamics Gross Merchandise Value (GMV) Trend Analysis Average Transaction Value Trend Analysis Transaction Volume Trend Analysis South Korea Recommerce Market Size and Forecast by Sector Retail Shopping Home Improvement Other Sectors South Korea Recommerce Market Size and Forecast by Retail Category Apparel & Accessories Consumer Electronics Home Appliances Home Decor & Essentials Books, Toys & Hobbies Automotive Parts & Accessories Sports & Fitness Equipment Other Product Categories South Korea Recommerce by Channel Consumer-to-Consumer (C2C) Business-to-Consumer (B2C) Retailer Trade-In & Buyback Programs South Korea Recommerce by Sales Model Resale Rental Refurbishment & Certified Pre-Owned South Korea Recommerce by Digital Engagement Channel Website-Based Resale App-Based Resale Social Media Driven Resale South Korea Recommerce by Platform Type Generalist Marketplaces Vertical-Specific Platforms South Korea Recommerce by Device and OS Mobile vs Desktop Android, iOS South Korea Recommerce by City Tier Tier 1 Cities Tier 2 Cities Tier 3 Cities South Korea Recommerce by Payment Instrument Credit Card Debit Card Bank Transfer Prepaid Card Digital & Mobile Wallets Other Digital Payments Cash South Korea Recommerce Market Share Analysis Market Share by Key Players Competitive Landscape Overview South Korea Recommerce by Consumer Demographics Market Share by Age Group Market Share by Income Level Market Share by Gender For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment South Korean Recommerce Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Bloomberg
03-07-2025
- Automotive
- Bloomberg
Russian Car Market Contracts as Interest Rates and Fees Take Toll
Russia's car market contracted in the first half of 2025 as high borrowing costs and fees put off many potential buyers, setting the industry on course to reverse two years of rebounding growth. From January through June, sales of passenger and light commercial vehicles fell to 546,430, down 27% from the same period last year, according to the Association of European Businesses. The group also revised down their forecast for 2025 about nine percentage points to now project a 24% decrease from last year.
Yahoo
25-06-2025
- Business
- Yahoo
Immersion Cooling Market worth $2.60 billion by 2032 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 25, 2025 /PRNewswire/ -- The report "Immersion Cooling Market by Type (Single Phase, Two Phase), Application (High-performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid, Component (Solutions, Services), and Region - Global Forecast to 2032", immersion cooling market is projected to grow from USD 0.57 billion in 2025 to USD 2.60 billion by 2032, at a CAGR of 24.2% during the forecast period. The market is witnessing robust growth worldwide due to the growing applications of immersion cooling technologies in high-performance computing and cryptocurrency mining. Browse in-depth TOC on "Immersion Cooling Market"205 – Tables53 – Figures235 – Pages Download PDF Brochure: By type, single phase segment to hold significant share of immersion cooling market during forecast period Single-phase immersion cooling is projected to lead the global immersion cooling market. Scalability is a pivotal factor driving the adoption of single-phase immersion cooling systems. Their modular design enables flexible and scalable deployment, making them well-suited for large-scale data centers and smaller edge computing environments. This adaptability is vital as organizations pursue solutions that can effectively cool a variety of hardware configurations while allowing for future expansion and adjustments in computing infrastructure. By application, high-performance computing segment to hold significant share of immersion cooling market during forecast period The high-performance computing segment is projected to lead the global immersion cooling market during the forecast period. The increasing density of computing hardware, driven by the emergence of advanced processors and accelerators, presents a significant challenge to traditional cooling solutions. Immersion cooling effectively addresses this challenge by delivering uniform and efficient thermal management across highly compact hardware configurations. As a result, an increase in demand for immersion cooling technology is expected in the high-performance computing segment. Request Sample Pages: By region, North America to account for largest share of immersion cooling market during forecast period The geographical and climatic diversity throughout North America has significantly impacted the adoption of immersion cooling technologies. Traditional air-based cooling methods often prove less effective and more energy-intensive in regions characterized by elevated ambient temperatures. In contrast, immersion cooling offers uniform and efficient cooling capabilities, irrespective of external temperature fluctuations. This adaptability positions immersion cooling as a compelling solution for data centers across various climates, facilitating its widespread acceptance within the industry. Request Customization: Key Players LiquidStack (Netherlands), Green Revolution Cooling Inc (US), Submer (Spain), Iceotope Technologies Ltd (US), DCX - The Liquid Cooling Company (Poland), Engineered Fluids (US), TIEMMERS (Netherlands), TMGcore, Inc. (US), GIGA-BYTE Technology Co., Ltd. (Taiwan), Wiwynn (Taiwan), Hypertec (Canada), TAS (US), and Delta Power Solutions (Taiwan) are the key players in the immersion cooling market. Get access to the latest updates on Immersion Cooling Companies and Immersion Cooling Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: Data Center Cooling Market - Global Forecast to 2030 Data Center Liquid Cooling Market - Global Forecast to 2032 Chillers Market - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Vietnam Recommerce Market Report 2025: Forecast to 2029 - Vietnam's Recommerce Market to Reach USD 1.97 Billion at an 11.3% CAGR
The report delivers a data-rich overview of Vietnam's recommerce landscape, analyzing over 60 KPIs. It explores peer-to-peer (C2C) and business-to-consumer (B2C) resale, trade-in programs, rental, and refurbishment models. The report examines performance by channel, platform type, digital engagement, and product categories such as electronics, apparel, and home goods. Additionally, it provides consumer insights including device usage, payment preferences, and urban penetration across Tier 1-3 cities. With detailed transaction and market-share data, the report identifies opportunities and risks across channels and consumer segments. Vietnamese Recommerce Market Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Recommerce Market Intelligence Databook - 60+ KPIs, Market Size, Share & Forecast by Channel, Category & Consumer Segment - Q2 2025 Update" report has been added to recommerce market in Vietnam is expected to grow by 13.7% on annual basis to reach US$1.28 billion in 2025. The recommerce market in Vietnam experienced robust growth during 2020-2024, achieving a CAGR of 16.7%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 11.3% during 2025-2029. By the end of 2029, the recommerce market is projected to expand from its 2024 value of USD 1.13 billion to approximately USD 1.97 report provides a detailed data-centric analysis of the recommerce market in Vietnam, covering market opportunities and risks across consumer segments (peer-to-peer and business-led resale); product categories; sales channels; and resale formats. With over 60+ KPIs at the country level, this report provides a comprehensive understanding of recommerce market offers a comprehensive analysis of market dynamics in the recommerce market, segmented by recommerce channels (C2C, B2C, trade-in programs), sales models (resale, rental, refurbishment), platform types (generalist and vertical-specific), digital engagement (app, website, social media), and retail categories (electronics, apparel, home goods, and more). In addition, it provides a snapshot of consumer behaviour, device usage, payment preferences, and city-level penetration across Tier 1 to Tier 3 cities. Reasons to buy Market Insights for Growth and Innovation: Navigate the future direction of the recommerce market by understanding business models adopted by key players - including resale, refurbishment, and rental formats. Leverage market share estimates to assess innovation, positioning, and growth opportunities. In-depth Understanding of Recommerce Market Dynamics: Gain a detailed view of market structure and growth trends across core sectors such as retail shopping, automotive, and home improvement. Understand key drivers shaping recommerce adoption through 2029. Value and Volume KPIs for Market Sizing: Utilize gross merchandise value (GMV), transaction volume, and average transaction value at the national level to quantify the overall market opportunity with precision. Competitive Landscape and Market Share Intelligence: Benchmark against leading recommerce players using market share data across categories and channels. Inform strategic decisions by understanding the current and emerging competitive landscape. Channel-Level and Digital Engagement Insights: Identify high-growth channels including C2C, B2C, and retailer-led trade-in programs. Track consumer activity across app, web, and social platforms to align digital strategies with behavior. Consumer Segmentation and Demand Patterns: Target growth opportunities by analyzing consumer behavior segmented by age group, income level, gender, and city tier. Adapt business models to evolving spending dynamics and platform preferences. Key Attributes: Report Attribute Details No. of Pages 83 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $1.28 Billion Forecasted Market Value (USD) by 2029 $1.97 Billion Compound Annual Growth Rate 11.3% Regions Covered Vietnam Report ScopeThis report offers a comprehensive, data-centric analysis of the recommerce market in Vietnam, supported by 40+ tables and 55+ charts. The databook provides detailed forecasts and key performance indicators across transaction value, volume, and market share trends from 2020 to 2029. Below is a summary of the key market segments covered:Vietnam Recommerce Market Size and Growth Dynamics Gross Merchandise Value (GMV) Trend Analysis Average Transaction Value Trend Analysis Transaction Volume Trend Analysis Vietnam Recommerce Market Size and Forecast by Sector Retail Shopping Home Improvement Other Sectors Vietnam Recommerce Market Size and Forecast by Retail Category Apparel & Accessories Consumer Electronics Home Appliances Home Decor & Essentials Books, Toys & Hobbies Automotive Parts & Accessories Sports & Fitness Equipment Other Product Categories Vietnam Recommerce by Channel Consumer-to-Consumer (C2C) Business-to-Consumer (B2C) Retailer Trade-In & Buyback Programs Vietnam Recommerce by Sales Model Resale Rental Refurbishment & Certified Pre-Owned Vietnam Recommerce by Digital Engagement Channel Website-Based Resale App-Based Resale Social Media Driven Resale Vietnam Recommerce by Platform Type Generalist Marketplaces Vertical-Specific Platforms Vietnam Recommerce by Device and OS Mobile vs Desktop Android, iOS Vietnam Recommerce by City Tier Tier 1 Cities Tier 2 Cities Tier 3 Cities Vietnam Recommerce by Payment Instrument Credit Card Debit Card Bank Transfer Prepaid Card Digital & Mobile Wallets Other Digital Payments Cash Vietnam Recommerce Market Share Analysis Market Share by Key Players Competitive Landscape Overview Vietnam Recommerce by Consumer Demographics Market Share by Age Group Market Share by Income Level Market Share by Gender For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Vietnamese Recommerce Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Reuters
27-05-2025
- Business
- Reuters
Norway oil industry expects to make record high investments in 2025
COPENHAGEN, May 27 (Reuters) - Norwegian oil and gas investments are expected to hit a new record this year, a statistics office survey of industry players showed on Tuesday. The country's biggest business sector now expects to invest 269.1 billion Norwegian crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to 251.2 billion last year. Preliminary estimates for oil and gas investments in 2026 stood at 206.6 billion crowns, compared to a previous estimate of 197.1 billion crowns in February. Forecasts will normally rise as companies firm up spending plans in the months leading up to a new year. ($1 = 10.1049 Norwegian crowns)
