Press release
Prominent Refurbished Laptop Market Trend for 2025: Enhancing Efficiency With Innovations In Filtration Solutions
Refurbished Laptop Market Size
The escalating issue of e-waste is anticipated to drive the growth of the refurbished laptop market within the predicted timeline. E-waste comprises discarded electronic devices such as computers, mobile phones, and domestic appliances. These discarded elements pose serious hazards to the environment and human health if not properly handled or recycled. By using refurbished laptops, the volume of e-waste is effectively reduced and the useful lifespan of these electronic devices is prolonged. It was stated in a March 2024 report from the United Nations Institute for Training and Research (UNITAR), an agency based in Switzerland working towards sustainable global development through research and training, that there was a significant surge of 82% in worldwide e-waste production from levels of 2010 to a record 62 million metric tons in 2022. This figure is predicted to reach 82 million metric tons by 2030, indicating a further swell by 32%. As such, the escalating levels of e-waste lend credence to the predicted growth trajectory of the refurbished laptop market.
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What is the future CAGR of the refurbished laptop market, and how will it impact industry expansion?
The market size for refurbished laptops has seen a robust expansion in the recent past. It is projected to increase from $7.73 billion in 2024 to $8.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The significant growth during the historical period is a result of various factors such as the surge in prices of new devices, the growth of e-commerce, increased understanding of environmental sustainability, economic conditions, effective refurbishment methods, and a rise in confidence and acceptance towards refurbished products.
Over the coming years, the market size for refurbished laptops is predicted to experience a robust expansion. Experts anticipate it will surge to a valuation of $10.85 billion by 2029, propelled by a compound annual growth rate (CAGR) of 6.9%. This positive performance during the forecast period is attributed to factors such as the steady rise of e-waste, an escalating demand for environmentally friendly substitutes like refurbished laptops, adoption of the circular economic model, the growth of online shopping platforms and marketplaces, and the implementation of programs for refurbished laptops. Projections for the forecast period also include dominant trends such as the emphasis on sustainability, increasing requirement for cost-effective computing, advancements in refurbishment technology, the expansion of e-commerce, initiatives for corporate sustainability, government policies, consumer trust, education and awareness drives, product innovation, and nascent markets.
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What are the most significant trends transforming the refurbished laptop market today?
Leading organizations in the market of refurbished laptops are introducing specific programs for these devices to cater to the escalating demand for affordable and eco-friendly computing options. These schemes are commonly carried out by refurbishment companies or associations that acquire old laptops, fix them and enhance them if required, before they either resell or donate them to individuals, enterprises, or community groups. For example, in October 2023, American IT firm HP Inc. launched their refurbished laptops program designed to simplify access to reasonably priced laptops. The program is aimed at offering cost-effective and dependable technology access, especially for learners with low to moderate incomes, and providing inexpensive laptops to students, small businesses, and independent professionals. The scheme will be operated through a certified partner who will distribute these revamped HP PCs to retail consumers and businesses.
Which key market segments comprise the refurbished laptop market and drive its revenue growth?
The refurbished laptop market covered in this report is segmented -
1) By Grade: Grade A, Grade B, Grade C, Grade D
2) By Operating System: Windows Refurbish Laptops, Mac Refurbish Laptops, Other Operating Systems
3) By Screen Size: 11-13 Inches, 14-16 Inches, 17 Inches And Above
4) By Distribution Channel: Direct, Indirect
5) By End User: Individual Consumers, Businesses, Other End Users
Subsegments:
1) By Grade A: Like New, Excellent Condition
2) By Grade B: Good Condition, Minor Cosmetic Wear
3) By Grade C: Fair Condition, Noticeable Wear And Tear
4) By Grade D: Below Average Condition, Significant Wear And Tear
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North America was the largest region in the refurbished laptop market in 2024. The regions covered in the refurbished laptop market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the refurbished laptop market?
Major companies operating in the refurbished laptop market are Walmart Inc., Amazon.com Inc., Microsoft Corporation, Dell Technologies Inc., Apple Inc., Hewlett-Packard Development Company, Lenovo Group Limited, Best Buy Co. Inc., Staples Inc., Office Depot Inc., eBay Inc., Micro Center Refurbished, Overstock Refurbished, Newegg Inc., Back Market, MacMall Refurbished, ecoATM Gazelle LLC, Mac of All Trades LLC, Tech for Less Inc., PCMag Shop Refurbished, Glyde Corporation, Acer Inc.
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What Is Covered In The Refurbished Laptop Global Market Report?
•Market Size Forecast: Examine the refurbished laptop market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the refurbished laptop market for a structured understanding.
•Key Players Overview: Analyze major players in the refurbished laptop market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the refurbished laptop market.
•Segment Contributions: Evaluate how different segments drive overall growth in the refurbished laptop market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the refurbished laptop market.
•Industry Challenges: Identify potential risks and obstacles affecting the refurbished laptop market.
•Competitive Landscape: Review strategic developments in the refurbished laptop market, including expansions, agreements, and new product launches.
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