India's used goods market to cross Rs 1,15,000 cr by 2015: Assocham

With growing consumerism and disposable income, India's used goods market is likely to touch Rs 1,15,000 crore by 2015 from Rs 80,000 crore at present, says a study.

"Whether consumer goods like electronics, durables or automobiles -- used cars, or the industrial machinery in the capital goods sector, the options of retrofitting and re-usage are being considered more actively than ever before," Assocham Secretary General D S Rawat said.

"High interest rates, risk aversion and subdued investment appetite have led to this state of second hand culture," he said quoting the study.

Moreover, the rise in income is not commensurate to the rise in aspirations, leading consumers to buy products from the second-hand market to fill the gap, the study said.

At present, the country's second-hand (used goods market) is worth an estimated Rs 80,000 crore, which includes the automobile segment as well.

Nearly 45% of the respondents covered in the study said buying second-hand goods from reliable platforms is worthwhile as needs have multiplied but income hasn't risen accordingly.

However, most dealers across major cities said sales of second-hand products like refrigerators, ACs and washing machines are definitely lower as compared to the past couple of years.

After automobiles, textbooks are the most sought after in the second-hand segment, constituting 25% of the 'for-sale' listings on OLX, an online classified site, the study said.


  • Centre and states must cooperate to get the economy moving

    Mirroring the previous three quarters, another round of tepid corporate earnings announcements are expected in a few days from now.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Nigavekar

Ranking of higher education institutions

Given the massive popularity and growing influence of world university ...

Rajgopal Nidamboor

The pursuit of serene stillness

It may sound strange — that every change in the ...

Dharmendra Khandal

How positive intervention can go a long way

Ten years ago, Sariska tiger reserve declared that there were ...


William D. Green

Chairman & CEO, Accenture