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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 December 04, 2024, from https://www.statista.com/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 December 04, 2024. https://www.statista.com/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: December 04, 2024. https://www.statista.com/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/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/statistics/1337519/circular-economy-market-revenue/ (last visited December 04, 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/statistics/1337519/circular-economy-market-revenue/