Sourcing

A few years ago, the drone market in the United States and around the world was primarily a military concern. However, a rise in quality and technological advancement, a lowering of price, and increasing consumer interest fueled by private instead of government investment have seen the commercial drone sector explode. It is now set to be worth an astonishing $6.3 billion by 2026.

As of January 2021, there were 1,782,479 drones registered in the United States, and of that figure, 71% were registered for recreational usage while 29% were registered for commercial use in sectors such as the arts and entertainment and agriculture.

Why is the Market Growing?

But what has driven this explosion in the commercial sector? There are three main factors.

Firstly, most recent

There was a time when the refurbished smartphone market was relatively small and didn’t look to be going anywhere fast. Spin back to the early 2010s and an abundance of new models, consumer enthusiasm for anything shiny and new and an economic recovery following the 2008 crash, paired with customer willingness to take on credit debt, meant most customers were happy to trade their old phones in for brand new ones every couple of years. Refurbished smartphones were mainly the preserve of discounters and customers who were not able to take advantage of cheap credit deals.

How times have changed! By 2019, global shipments of secondhand and refurbished smartphones had reached a total of 206.7 million units, with projections that this will increase to 332.9 million units by 2023. What in 2013 had been a small market, was by 2017 a global m

Due to the coronavirus pandemic, the year 2020 has brought a shift in consumer behaviour and demand, with more buyers looking for affordable electronics.

Many sellers have spotted this new opportunity, but sourcing the merchandise to meet this demand requires new thinking and a new approach. Sellers who have mostly dealt with brand new merchandise until now and new sellers, are likely to need guidance on where to source refurbished electronics to stock their stores. 

In this article, we will look at the remarkable recent growth of the refurbished electronics market. We will also look at the requirements you will need to fulfil to sell refurbished merchandise on Amazon and where to source refurbished electronics online. 

• Cost-conscious buyers are turning to refurbished electronics. Demand is growing, and this is a great opportunity for sellers. 
• Amazon