The worldwide revenue of circular economy transactions, comprised of the categories secondhand, rental, and refurbished goods, was estimated to total roughly 339 billion U.S. dollars in 2022. This was forecast to more than double by 2026.
Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide
(in billion U.S. dollars)
About methodology: Circular economy is defined as the combination of the secondhand, rental/sharing, and refurbished market by category. The revenue arising from circular economy transactions is calculated by estimating the three segments of secondhand, refurbished, and rental separately. The segments are estimated using a Monte Carlo-like estimation that approximates, per year, how many consumers "purchase" in each of the CMO-categories and how much they would spend. The estimation of the number of consumers relies on shares taken from the Statista Global Consumer Survey and each KPI-per-category is the average of 10,000 iterations.
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Statista. (October 6, 2022). Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/
Statista. "Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide (in billion U.S. dollars)." Chart. October 6, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/
Statista. (2022). Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/
Statista. "Estimated Revenue Generated from Circular Economy Transactions in 2022 and 2026 Worldwide (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Oct 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/
Statista, Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/ (last visited November 10, 2024)
Estimated revenue generated from circular economy transactions in 2022 and 2026 worldwide (in billion U.S. dollars) [Graph], Statista, October 6, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1337519/circular-economy-market-revenue/