Refurbished Computers And Laptops Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.24 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Refurbished Computers And Laptops Market Analysis
The refurbished laptops and computers market was valued at USD 5.12 billion in the last year, and it is anticipated to reach a market value of USD 9.27 billion by the next five years, at a CAGR of 10.24%.
- Refurbished laptops and computers are used or open-box devices that have been cleaned, examined, revamped, and are organized for selling again to a new proprietor. The original device producer restores factory-refurbished devices; nevertheless, third-party vendors also deal with refurbished devices. Refurbished computers and laptops stereotypically sell at a noteworthy discounted price compared to new or boxed computers and laptops with comparable specifications.
- Refurbished and used laptops and computers are not equal, but a few refurbished devices have been used beforehand. In some cases, the user might have taken out a computer or laptop from the box it came in for any reason; in such cases, a laptop or computer seller can sell it as a refurbished device but not as a new one. Laptops bought, opened, and then returned to the shop are major contenders to be sold as refurbished devices.
- Warranty times for these devices may differ from one refurbished device vendor to the other, and some refurbished laptops and computers do not come with any warranty at all. Whereas new devices typically are sold with one year of warranty. Buyers usually look for refurbished laptops and computers sold as 'new-like' devices.
- The situation of a refurbished device depends on whether someone has owned it beforehand, if it has been used, for how long, and how the previous owner has used it. The finest refurbishing practices will turn a used laptop or computer into an almost new-like condition. Still, cosmetic issues, such as dents or unrepairable scratches, might be on the device. However, The refurbished device is supposed to be clean and free from all possible physical imperfections.
Refurbished Computers And Laptops Market Trends
Growing awareness about E waste and Environmental Consciousness
- Worldwide, more than 45 million tonnes of e-waste is produced yearly, which is anticipated to increase to 52.2 million tonnes in the coming few years. Developing countries such as India are among the five significant fabricators of e-waste, even though many people in such countries own very few or almost no electronic devices.
- Disposing of e-waste securely has proven challenging as these waste materials contain metals, minerals, and plastics in addition to chemical essences. The ecological price of manufacturing electronic devices can not be lessened by reprocessing the waste alone.
- There has been a crucial change towards refurbishing e-waste. Refurbishing e-waste is considered the only responsible method to take care of such waste. There has been an essential change towards refurbishing e-waste. Refurbishing e-waste is considered the only responsible method to take care of such waste.
- The motto of refurbished laptops and computers is to keep them working for as long as they can be used. By prolonging the life of the device, the quantity of e-waste is decreased while the quantity of new laptops and computers retailed can also be abridged. This also evades additional environmental impairment in manufacturing, like mining, water intake, and noteworthy greenhouse gas releases in the environment.
- Growth in environmental concerns is creating huge demand for refurbished laptops and computers, and the market is anticipated to grow during the forecast period.
North America is Anticipated to Grow at a Noteworthy Pace
- Refurbished laptops and computer sales are increasing in North America, particularly in the US, because of tech-enabled firms like Walmart and Best Buy. Refurbished laptops and computer devices offer reasonable price choices for purchasers and sellers, and they are increasing in acceptance owing to the money they save for both parties.
- Local dealers also offer high-quality refurbished laptops and computers at wholesale prices. With all brands available on one platform, customers can shop for their ideal laptops and computer accessories while minimizing costs. The rising popularity drives the market demand in this region for used and refurbished laptops and computers.
- The region is also experiencing a surge in demand for budget-friendly laptops, mid-range computing devices, and smartphones. This trend has gained momentum due to the impact of the COVID-19 pandemic on the market. While various brands and product lines are available, iPhones and premium Samsung flagship products have dominated substantial market shares. These shifting consumer preferences are poised to influence the growth of the used and refurbished smartphone market in the region.
- North American trade-in service providers witnessed product business growth in the last few years due to companies and consumers updating and upgrading their devices due to the changes in the workplace and workforce.
- In conclusion, cost-effectiveness, environmental concerns, technological improvements, warranty, dependability, and the market's availability and diversity all contribute to the emergence of refurbished laptops in North America.
- Refurbished laptops provide a strong alternative advantageous to customers and the environment as the demand for affordable computing options rises. Individuals and organizations can acquire dependable and powerful computer devices at a fraction of the cost while reducing electronic waste by choosing reconditioned laptops. Buyers should conduct due diligence on the seller or refurbisher to ensure they are reliable and offer high-quality goods. Making an informed choice also requires checking customer reviews and the guarantees provided.
Refurbished Computers And Laptops Industry Overview
The competitive landscape of the Global Refurbished Computers and Laptop market exhibits a degree of fragmentation, with key players including Lenovo, Dell, Apple, Amazon Renewed, BestBuy, and others. These companies have been able to establish a competitive edge by consistently innovating their products and anticipating the evolving needs of their consumers. Substantial investments in research and development, strategic mergers and acquisitions, and partnerships have further solidified their market positions.
In March 2023, ASUS India introduced a 'Select Store' dedicated to refurbished PCs. This newly launched store boasts a contemporary design and a user-friendly layout, offering a wide variety of refurbished products, including consumer laptops, creator series laptops, gaming PCs, desktops, and more.
In a pioneering move in June 2023, XtraCover launched a groundbreaking BuyBack Guarantee program for refurbished laptops and smartphones. This innovative strategy allows customers to sell their laptops and smartphones purchased from XtraCover at a guaranteed price during the duration of the offer, marking a significant industry first.
Refurbished Computers And Laptops Market Leaders
Apple Inc.
Dell Inc.
Lenovo Group Ltd
Amazon Renewed
Best Buy
*Disclaimer: Major Players sorted in no particular order
Refurbished Computers And Laptops Market News
- May 2023: In a collaborative effort, Li-Cycle Holdings Corp. and Shift2 joined forces to generously donate 60 refurbished laptops to the graduating seniors of Edison Career and Technology High School. Li-Cycle is a pioneering leader in lithium-ion battery reserve recovery and holds a prominent position as the leading lithium-ion battery recycling company in North America. These refurbished devices have been distributed to students who have either completed a college application, submitted a financial aid request, or actively pursued employment in related fields.
- June 2023: Students and families in Vanderburgh County received the invaluable gift of free refurbished laptops. This generous initiative was made possible through AT&T's commitment to narrowing the digital divide. The laptops have been provided to families and students who EVSC and the EVSC Foundation carefully selected. Furthermore, during the event, AT&T will also provide updates on its ongoing project to expand broadband access in rural Vanderburgh County.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Cost Savings and Affordability of the Refurbished Devices
5.1.2 Growing awareness about E waste and Environmental Consciousness
5.2 Market Restrains
5.2.1 Concerns regarding Warranty of the Device
6. MARKET SEGEMENTATION
6.1 By Device Type
6.1.1 Computers
6.1.2 Laptops
6.2 By End-user
6.2.1 Corporate Offices
6.2.2 Educational Institutes
6.2.3 Personal
6.2.4 Other End-Users
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
7. COMPETETIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Apple Inc.
7.1.2 Dell Inc.
7.1.3 Lenovo Group Ltd
7.1.4 Amazon Renewed
7.1.5 Best Buy
7.1.6 Newegg Inc
7.1.7 Microsoft
7.1.8 Acer Inc
7.1.9 SAMSUNG
7.1.10 HP Development Company L.P.
7.1.11 Budli Internet Private Limited
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Refurbished Computers And Laptops Industry Segmentation
Refurbished laptops and computers are used or open box devices sold at a lower price. The open-box devices are new; however, the used ones are repaired and made as new before being sold again in the refurbished market. The increasing need for smart devices, growing awareness of e-waste, and low prices of refurbished laptops and computers compared to their new counterparts are driving the market's growth.
The global refurbished computers and laptops market is segmented by device type (computers, laptops), by end-user (corporate offices, educational institutes, personal, other end-users), and geography(North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Frequently Asked Questions
What is the current Refurbished Computers And Laptops Market size?
The Refurbished Computers And Laptops Market is projected to register a CAGR of 10.24% during the forecast period (2024-2029)
Who are the key players in Refurbished Computers And Laptops Market?
Apple Inc., Dell Inc. , Lenovo Group Ltd, Amazon Renewed and Best Buy are the major companies operating in the Refurbished Computers And Laptops Market.
Which is the fastest growing region in Refurbished Computers And Laptops Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Refurbished Computers And Laptops Market?
In 2024, the North America accounts for the largest market share in Refurbished Computers And Laptops Market.
What years does this Refurbished Computers And Laptops Market cover?
The report covers the Refurbished Computers And Laptops Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Refurbished Computers And Laptops Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Refurbished Computers And Laptops Industry Report
Statistics for the 2024 Refurbished Computers And Laptops market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Refurbished Computers And Laptops analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
