Press release
Emerging Trends Influencing The Growth Of The Refurbished Laptop Market: Refurbished Laptops Program Expands Access To Affordable Technology
Refurbished Laptop
How Big Is the Refurbished Laptop Market Size Expected to Be by 2034?
The market size for refurbished laptops has seen noticeable expansion in the past few years. It is predicted to go from $7.73 billion in 2024 to $8.29 billion in 2025, representing a compound annual growth rate (CAGR) of 7.3%. The increase observed during the historical period is due to factors such as high costs of new devices, online commerce expansion, heightened awareness regarding environmental sustainability, economic elements, more effective refurbishment practices, as well as an increased approval and reliability in refurbished items.
The anticipated size of the refurbished laptop market predicts a robust escalation in the forTH*Coming years, projected to reach $10.85 billion in 2029, with a compound annual growth rate (CAGR) of 6.9%. This predicted growth during the forecast period is ascribed to the ongoing expansion of e-waste, the intensifying request for eco-friendly alternatives like refurbished laptops, the application of circular economy values, the enlargement of virtual platforms and marketplaces, as well as the incorporation of refurbished laptop strategies. Notable trends for the forecast period are focus on sustainability, increased need for cost-effective computing solutions, technological improvements in refurbishment processes, boost in e-commerce, corporate accountability initiatives, governmental rules and regulations, consumer trust, educational and awareness drives, innovation in products, and unfolding markets.
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What Are the Emerging Segments Within the Refurbished Laptop Market?
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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What Long-Term Drivers Are Shaping Refurbished Laptop Market Trends?
The rise in e-waste is predicted to catapult the refurbished laptop market in the coming years. E-waste encompasses discarded electronics such as computers, mobile phones, and household appliances, which could be harmful to the environment and health if not disposed of or recycled properly. The application of refurbished laptops contributes to e-waste mitigation by prolonging the lifespan of electronics and decreasing the amount of disposed electronic items. For example, a report released by the United Nations Institute for Training and Research (UNITAR) in March 2024 stated that global e-waste generation hit a record 62 million metric tons in 2022, a staggering 82% rise from figures reported in 2010. It is expected to climb to 82 million metric tons by 2030, marking a further 32% increase. Thus, the surge in e-waste is set to fuel the expansion of the refurbished laptop market.
Who Are the Top Competitors in Key Refurbished Laptop Market Segments?
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.
What Refurbished Laptop Market Trends Are Gaining Traction Across Different Segments?
Prominent corporations operating within the refurbished laptop market are concentrating on introducing programs for refurbished laptops to satisfy the rising need for budget-friendly and environmentally friendly computing solutions. These initiatives are typically run by businesses or organizations specializing in refurbishing, where old laptops are obtained, repaired, updated if required, and resold or donated to individuals, corporations, or entire communities. For example, HP Inc., an IT company based in the US, unveiled a program for refurbished laptops in October 2023 with the goal of facilitating the provision of affordable laptops. The program is designed to offer economical and reliable access to technology, specifically for learners with low to moderate income. It also aims to provide cost-effective laptops to students, small scale businesses, micro-businesses, and freelancers. A certified partner will manage the initiative, selling refurbished HP PCs to both individual consumers and corporate entities.
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Which Regions Are Becoming Hubs for Refurbished Laptop Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Refurbished Laptop Market?
2. What is the CAGR expected in the Refurbished Laptop Market?
3. What Are the Key Innovations Transforming the Refurbished Laptop Industry?
4. Which Region Is Leading the Refurbished Laptop Market?
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