Press release
Refurbished Laptop Market Expansion Continues, with Forecast Valuation of $10.29 Billion by 2029
Refurbished Laptop
Refurbished Laptop Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for refurbished laptops has seen significant growth over the past few years. It is projected to increase from $7.73 billion in 2024 to $8.16 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. Factors such as the sky-rocketing prices of new units, the expansion of e-commerce, increased consciousness about environmental sustainability, economic influences, effective refurbishment techniques, as well as heightened trust and acceptance of refurbished goods have all contributed to the growth during the historic period.
Refurbished Laptop Market Size Forecast: What's the Projected Valuation by 2029?
The market size for refurbished laptops is projected to experience significant expansion in the coming years. It is anticipated to surge to $10.29 billion by 2029, with a cumulative annual growth rate (CAGR) of 6.0%. The predicted growth within this period can be credited to the persistent increase of e-waste, a mounting demand for eco-friendly alternatives such as refurbished laptops, the propagation of a circular economy, the growth of internet platforms and marketplaces, and the institution of refurbished laptop schemes. The forecast period looks forward to trends such as focus on sustainability, escalating demand for cost-effective computing, advances in refurbishment technology, the rise of e-commerce, corporate sustenance initiatives, government regulations, customer confidence, education and awareness drives, product innovation, and emergent markets.
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What Are the Drivers Transforming the Refurbished Laptop Market?
The refurbished laptop market is anticipated to be propelled due to the rising e-waste during the projection period. E-waste comprises discarded gadgets and equipment such as computers, mobile phones, and home appliances, which could pose dire environmental and health hazards if not efficiently handled or recycled. Employing refurbished laptops works to alleviate e-waste by prolonging their usability, hence lessening the number of discarded electronics. For example, in March 2024, a report by the United Nations Institute for Training and Research (UNITAR), an agency based in Switzerland committed to providing training and research for global sustainable development objectives, stated that there was an unprecedented e-waste production of 62 Mt in 2022, indicating an 82% spike from the 2010 levels. The report also pointed out that the figure could rise to 82 million metric tons by 2030, denoting an additional increase of 32%. For this reason, the growth of the refurbished laptop market is expected to be driven by escalating e-waste.
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Which Fast-Growing Trends Are Poised to Disrupt the Refurbished Laptop Market?
Leading firms in the refurbished laptop industry are establishing initiatives for refurbished laptops in response to the heightened demand for affordable and eco-friendly computing options. These initiatives typically involve agencies or companies specializing in refurbishment that take in used laptops, fix and upgrade them if needed, before reselling or donating them to individuals, enterprises, or communities. For example, in October 2023, HP Inc., an American IT firm, rolled out its refurbished laptop initiative to ensure easy availability of budget-friendly laptops. The main objective is to offer inexpensive and dependable access to technology, especially for learners on low to moderate income and provide cost-effective laptops to students, micro and small businesses, and independent contractors. The program will be managed via a certified partner who will market the refurbished HP computers to consumer-based clients and businesses.
Which Segments in the Refurbished Laptop Market Offer the Most Profit Potential?
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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Which Firms Dominate the Refurbished Laptop Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Refurbished Laptop Market?
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.
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