Demand surges 200%! Second-hand products are a big hit in India

After the outbreak of the epidemic, Indian people's shopping habits and methods changed rapidly, and even second-hand products became completely popular!

75% of spending is on online shopping, and these products are in high demand...

It is reported that Indian polling company Local Circles conducted a survey of more than 42,000 consumers in 358 regions of India. The survey results show that due to the impact of the epidemic, e-commerce has become the safest and most convenient way to shop during this period.

Data shows that online shopping has become the first choice for 49% of consumers, and 29% of respondents said that 75% of their spending was on online shopping in 2020. It is not difficult to see that even though physical stores have resumed operations one after another, it has not affected the shopping behavior and habits of Indian consumers.

An Amazon spokesperson said that over the past year, Indian consumers' consumption habits have clearly changed, with demand for electronic products such as laptops, computers, groceries, and headphones skyrocketing, and sales of epidemic prevention supplies and personal care products such as masks and disinfectants also increasing.

Second-hand products are all the rage, and non-urban buyers are the main consumers!

During the epidemic, people work and study at home, so the demand for products such as tablets, TVs, and laptops has surged, and many Indian consumers choose to buy second-hand products to meet the demand.

On the global online marketplace OLX, Indian consumers have a huge demand for second-hand products, even more than new products, with demand for second-hand electronic products growing significantly.

It is understood that most of the buyers who have demand for such products such as laptops and tablets are from urban areas in India, but the main consumers of second-hand products are still buyers from non-urban areas .

In the third quarter of last year, the demand for second-hand home appliances, electronic products, and furniture products rose again, soaring by about 200%. Even in the fourth quarter, the demand for such products showed no downward trend and was basically the same as the same period in 2019.

As the number of consumers increases dramatically, the number of sellers of second-hand products also continues to increase. Among them, the largest number of sellers are reselling second-hand air conditioners, second-hand refrigerators and second-hand laptops.

The epidemic has affected people's daily lives and even more so India's economic development. Consumer demand for new products has dropped significantly, and second-hand products have become popular in the region, providing certain conveniences and benefits to the Indian people.

India

Second-hand products

Online shopping