Refurbished Computers and Laptops Market Set to Reach USD 10.76 Billion by 2030, at a CAGR of 11.2%

The Refurbished Computers and Laptops Market size was valued at USD 5.12 Billion in 2023 and the total Refurbished Computers and Laptops revenue is expected to grow at a CAGR of 11.2 % from 2024 to 2030, reaching nearly USD 10.76 Billion by 2030.

Refurbished Computers and Laptops Market Overview:

The refurbished computers and laptops market has emerged as a viable solution for consumers and businesses seeking cost-effective and sustainable technology options. Refurbished devices, restored to near-new condition through rigorous testing and repair processes, offer a compelling alternative to new products, especially in price-sensitive markets.​

The Asia-Pacific region leads the market, accounting for 41.7% of the global share in 2023, driven by increasing adoption in cost-sensitive regions . Laptops dominated the product segment with a 28.4% share in 2023, reflecting strong consumer preference for portability.​

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Refurbished Computers and Laptops Market Dynamics:

Several factors contribute to the market's growth. The increasing demand for cost-effective computing solutions has led individuals and businesses to seek affordable alternatives to new devices. Environmental sustainability initiatives have also prompted consumers to opt for refurbished electronics, which help reduce environmental impact by extending product lifespans.​

Technological advancements in refurbishment processes have enhanced the quality and reliability of refurbished devices, making them more appealing to consumers. Additionally, the expansion of online sales channels has made it easier for consumers to access refurbished electronics, broadening the market reach.

Refurbished Computers and Laptops Market Outlook and Future Trends

Looking ahead, the market is expected to continue its upward trajectory. The global refurbished computers and laptops market is anticipated to reach USD 21.1 billion by 2033, up from USD 9.6 billion in 2023, growing at a CAGR of 8.2% during the forecast period.​

Emerging trends include the increased demand for cost-effective computing solutions, environmental sustainability initiatives, technological advancements in refurbishment processes, expansion of online sales channels, and adoption of circular economy principles. These factors are expected to drive the market's growth in the coming years.

Key Recent Developments:

Vietnam and Thailand: Both countries are witnessing increased adoption of refurbished devices, driven by government initiatives promoting e-waste recycling and the growing demand for affordable computing solutions.​

Japan: The refurbished computers and laptops market in Japan is projected to thrive at a robust CAGR of 12.7% from 2023 to 2033, driven by the increasing demand for cost-effective devices and the rise of the circular economy and sustainability initiatives.​

South Korea: South Korea is experiencing growth in the refurbished market, supported by technological advancements in refurbishment processes and a strong emphasis on environmental sustainability.

Singapore: Singapore's market is expanding due to government support for green technology and e-waste recycling, as well as the growing prevalence of e-commerce platforms facilitating easier access to refurbished products.​

United States: The U.S. refurbished computers and laptops market is expanding significantly due to a growing emphasis on sustainability, cost savings, and technological access. The market was valued at around USD 1.6 billion and is anticipated to register a CAGR of 6.1% between 2024 & 2032.

Europe: Germany dominated the European market with revenue of around 15% of the total market share in 2023 and is projected to grow at a CAGR of 6% for the forecast period of 2024 to 2032. The market is gaining traction due to a growing emphasis on sustainability and cost efficiency .​

Refurbished Computers and Laptops Market Segmentation

by Type

Computer
Laptop
Tablets

by OS

Windows
macOS
Linux

by Distribution

Supermarkets and Hypermarkets
Convenience Stores
E-commerce
Specialty Stores

by End User

Corporate Offices
Educational Institutes
Government Offices
Personal
Others

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Some of the current players in the Refurbished Computers and Laptops Market are:

1. Acer Inc.
2. Amazon Renewed
3. Apple Inc
4. AsusTek Computer Inc.
5. Back Market
6. Best Buy Refurbished
7. Cisco Systems, Inc.
8. Dell Technologies Inc.
9. Fujitsu Limited
10. Gazelle (ecoATM)
11. Google LLC
12. HCL Technologies Limited
13. HP Inc.
14. Huawei Technologies Co., Ltd.
15. IBM Corporation
16. Intel Corporation
17. Lenovo Group Limited
18. LG Electronics Inc.
19. Microsoft Corporation
20. Newegg Refurbished
21. Oracle Corporation
22. Panasonic Corporation
23. Samsung Electronics Co., Ltd.
24. Sony Corporation
25. TechSoup
26. Toshiba Corporation
27. Xiaomi Corporation

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