Market Size of Refurbished Computers And Laptops Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 10.24 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Refurbished Computers And Laptops Market Analysis
The Refurbished Computers And Laptops Market is expected to register a CAGR of 10.24% during the forecast period.
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 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 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.
Refurbished Computers And Laptops Market Size Summary
The refurbished computers and laptops market is poised for significant growth, driven by increasing environmental concerns and the demand for cost-effective computing solutions. Refurbished devices, which are pre-owned but restored to a nearly new condition, offer consumers a budget-friendly alternative to new devices. This market is characterized by a diverse range of offerings from both original manufacturers and third-party vendors, with varying warranty options. The trend towards refurbishing e-waste is gaining traction as a sustainable solution to reduce electronic waste and minimize the environmental impact of manufacturing new devices. This shift is particularly evident in regions like North America, where the demand for affordable and reliable computing options is on the rise, fueled by the economic implications of the COVID-19 pandemic and the increasing popularity of budget-friendly devices.
In North America, the market for refurbished laptops and computers is experiencing robust growth, supported by major retailers and local dealers offering competitive prices and a wide selection of brands. The region's market dynamics are influenced by changing consumer preferences, with a notable shift towards mid-range and budget devices. The competitive landscape is fragmented, with key players like Lenovo, Dell, Apple, and Amazon Renewed leading the charge through innovation and strategic partnerships. Initiatives such as ASUS India's dedicated refurbished store and XtraCover's BuyBack Guarantee program highlight the industry's commitment to enhancing consumer confidence and expanding market reach. Additionally, philanthropic efforts, such as those by Li-Cycle Holdings Corp. and AT&T, underscore the social impact of refurbished devices, further driving market growth and accessibility.
Refurbished Computers And Laptops Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of the Impact of COVID-19 on the Market
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Refurbished Computers And Laptops Market Size FAQs
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.
