Back Market, the largest marketplace exclusively dedicated to refurbished electronic products and appliances, announced today that it is offering certified refurbished drones on its site. The four year old e-commerce startup continues to expand its inventory of high quality goods beyond popular items such as smartphones and laptops, and is now targeting the fast growing drone market.
Since the change in the Federal Aviation Administration (FAA) drone regulations in 2015, sales of unmanned aerial vehicles (UAVs) have been on the rise. BI Intelligence, Business Insider’s premium research service expects sales of drones to surpass $12 billion in 2021, a compound annual growth rate (CAGR) of 7.6% from $8.5 billion in 2016.
“Drones have reached a maturity level similar to mobile phones and computers that has resulted in a strong secondary market for refurbished models. Expanding into the refurbished drone market allows us to bring a more affordable option to hobbyists and professionals, but also gives consumers a reliable alternative to get ahead of the e-waste impact we will likely see as this market grows,” said Thibaud Hug de Larauze, founder and CEO of Back Market.
The Back Market drones section features popular models from market leader DJI, including the DJI Mavic Pro which can be purchased for a 37% lower price than a new model. Other models include the DJI Phantom 4 Pro and DJI Inspire 2. DJI drones available at Back Market are refurbished by the manufacturer and offer a 1 year warranty from the manufacturer as well.
Back Market offers customers a ‘like new’ buying experience, warranties, money-back guarantees, and transparent seller ratings in an effort to make buying refurbished electronics mainstream. Its model provides a much-needed solution to an environmental crisis that has seen e-waste levels reaching 44.7 million tons in 2016.
About Back Market (www.backmarket.com)
Launched in 2014 by Thibaud Hug de Larauze, Quentin Le Brouster, and Vianney Vaute, Back Market is the first marketplace focused on bringing thousands of refurbished electronic devices and appliances from certified professionals to consumers. The company currently operates in 5 European countries (France, Germany, Italy, Spain and Belgium) and launched in the United States in the beginning of the year. It employs a team of about 100 employees across its 3 offices located in Paris, Bordeaux, and New York.