13 Sep 2022

Now is the time to dust off your unwanted equipment and benefit from the booming second-hand market

Ramco UK Ltd Stand: E50
Now is the time to dust off your unwanted equipment and benefit from the booming second-hand market
Because we’ve been helping organisations find value in their surplus assets for over 26 years, we’ve seen a lot. Recently though, we’ve spotted a boom in the second-hand market with an uplift in buyers looking to rehome used equipment, rather than buy new.

The increased pressure on supply chains and a continued rise in costs for new materials has made pre-loved items more popular than ever.

Our recent research revealed electrical goods are the most popular type of item bought at our auctions, with 32% of our customers having purchased in recent months, followed by industrial goods at 25%. This includes things like plant, machinery, and hand tools. Vehicles spares are also in high demand.

Our customers believe buying second-hand equipment is a good way of saving money and getting items they otherwise couldn’t afford. For us, it’s about ending wastefulness and breathing new life into surplus assets.

We’ve seen a huge increase in the number of buyers registering for our auctions in recent years - a 200% uplift on the pre-pandemic figures – so we know demand is there and it’s a great time for businesses to sell their unwanted equipment and respond to the market.

Our survey also highlighted a new wave of entrepreneurs fuelled by the circular economy boom, with 15% of our customers having set up a new business with second-hand equipment they’ve bought from us. We’re proud to help them on their business journey and ensure they get the right items for their start-up ventures.

Working with government departments and businesses across all sectors, we handle anything you no longer need - from commercial catering equipment, vehicles and generators, through to boats and cranes.

Our complete reuse service means we’ll collect, store, refurbish where necessary, market and sell, and then share the proceeds. It’s a simple model and means everyone benefits, but most of all the environment.

If you’re thinking about clearing your office or warehouse, or just need to free up some valuable space, now’s a great time to put your unwanted equipment to good use and benefit from the booming second-hand market. Drop us an email to start the conversation: businessdevelopment@ramco.co.uk

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