When we first debuted the OfferUp Recommerce Report in 2019, the goal was to provide a yearly look into how recommerce has changed Americans lives. As we enter our fourth year of publishing this study, it’s clearer than ever that the opposite is also true – America’s obsession with buying and selling pre-owned items has created an industry that is growing faster than traditional retail, with no signs of slowing down.
This 2022 report finds that recommerce grew nearly 15% in 2021, marking the highest rate of growth in history for the industry. What’s more, participation on recommerce marketplace apps continues to grow, as Americans spend an average of 27 minutes per day on recommerce marketplaces, which is just shy of the 30 minutes per day spent on Instagram, Facebook, and Snapchat.
We interviewed a representative set of Americans and found that they don’t plan on slowing down. In fact, more than half (58%) of Americans who engage in recommerce plan to increase their buying and/or selling of pre-owned goods in the next 12 months.