The global refurbished computers and laptops market is expected to thrive at a CAGR of 10.2%. The market value is projected to increase from USD 17,854.1 million in 2023 to USD 47,303.2 million by 2033.
In 2022, the global market exhibited Y-o-Y growth of 9.6% with overall valuation crossing USD 16,331.4 million. Currently, the refurbished computers and laptops market forms around 26% of the global refurbished electronics market.
Key Factors Impacting the Market Dynamics:
Refurbished computers and laptops refer to electronic devices that have been preowned or used, returned to the manufacturer or retailer, and then restored to a fully functional and operational state. These devices undergo a refurbishment process, which typically includes thorough testing, repair, cleaning, and reconditioning.
An example of a refurbished electronic device would be a laptop that was returned to the manufacturer due to a defective battery. The manufacturer would replace the battery, test the laptop for any other issues, clean it thoroughly, and then sell it as a refurbished product at a lower price point than a brand new laptop.
Escalating demand for affordable laptops and PCs is a prominent factor driving the global market for refurbished computers and laptops forward.
As consumers and businesses seek more affordable alternatives to new devices, the market for refurbished laptops and computers will witness strong growth.
Thanks to advancements in refurbishment processes, refurbished computers and laptops now offer improved quality and reliability. Reputable vendors invest in thorough testing, repairs, and replacements of faulty components, ensuring that refurbished devices meet industry standards and perform well.
The availability of reliable refurbished options is increasing consumer confidence in purchasing these devices. This will positively impact refurbished computer and laptop sales.
Several small businesses and startups are opting for refurbished computers and laptops to meet their computing needs within their budget constraints. Refurbished devices offer a cost-effective way to equip their employees with reliable workstations for tasks such as office productivity, communication, accounting, and web-based applications
Rising environmental concerns about e-waste dumping is another key factor that is expected to uplift refurbished computer and laptop demand globally.
Leading companies are offering extended warranties for their refurbished products. This is attracting consumers to use low-cost computers and laptops without compromising on standard working quality.
| Attributes | Key Insights |
|---|---|
| Estimated Global Refurbished Computers and Laptops Market Size (2023) | USD 17,854.1 million |
| Projected Refurbished Computers and Laptops Market Value (2033) | USD 47,303.2 million |
| Value-based CAGR (2023 to 2033) | 10.2% |
| Top 5 Vendor Market Share | 40% |
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Global sales of refurbished computers and laptops increased at a CAGR of around 8.3% from 2018 to 2022. Looking ahead, the worldwide market for refurbished computers and laptops is anticipated to progress at 10.2% between 2023 and 2033.
A refurbished computer or laptop comes with numerous benefits. For instance, they are often available at a significantly lower cost than new devices. This can be especially beneficial for small businesses or startups with limited budgets.
Refurbished devices are often high-quality machines that have been rigorously tested and examined to ensure they are in good working condition. This means that businesses can access high-quality equipment at a lower cost.
Any refurbished computer or laptop is tested thoroughly to ensure the quality of the machine. These devices are gaining wider popularity due to their lower cost and better quality. This in turn is expected to provide impetus for the expansion of the global refurbished computers and laptops industry.
The growing utilization of refurbished computers and laptops in the non-profit organization sector is expected to bolster refurbished computers and laptop sales.
Non-profit organizations often have limited budgets and may prioritize cost savings when making purchasing decisions. Refurbished computers and laptops can provide a cost-effective solution for these organizations to meet their computing needs.
Non-profit organizations also tend to place a strong emphasis on sustainability and environmental responsibility. Refurbished computers and laptops can help these organizations to reduce their environmental footprint by extending the life of existing devices rather than purchasing new devices.
Growing Concerns for Environmental Sustainability Driving Demand in the United States
According to Future Market Insights, the United States refurbished computers and laptops market size is forecast to reach USD 6503.7 million in 2033. From 2023 to 2033, refurbished computer and laptop demand in the United States is set to rise at 9.5% CAGR.
Rising environmental concerns and high acceptance of refurbished electronics among environmentally conscious customers are expected to fuel market expansions.
The United States government is emphasizing the reduction of electronics waste. As a result, various regulations are being introduced which will allow the market for refurbished computers and laptops to flourish.
In the United States, numerous businesses are purchasing refurbished desktops and laptops for their offices. This decision is helping businesses to reduce costs, eradicate electronic wastage, and improve company’s ESG ratings.
The concern for reducing electronic waste is promoting the use of refurbished computers and laptops. By encouraging businesses to invest in these renewed devices, the government can help to support the growth of the refurbished electronics industry.
Due to the alliance of government regulations and environment conscious consumers, the market for refurbished computers and laptops is expected to thrive rapidly in the upcoming years.
Presence of Numerous Key Players Providing Refurbished Laptops Boosting China Market
China has emerged as a key player in the refurbished computers and laptops industry, with numerous vendors and manufacturers operating in the country. These vendors offer a wide range of refurbished devices, from low-cost entry-level laptops to high-performance workstations, making them a popular choice for businesses of all sizes.
Various China-based vendors also offer customization services, allowing businesses to tailor their devices to their specific needs and requirements.
With China's reputation as a hub for electronics manufacturing and innovation, these vendors are well-positioned to provide high-quality refurbished devices that meet the needs of businesses around the world.
China's role in the refurbished computers and laptops market is anticipated to continue to increase in the coming years. As per the latest analysis, China refurbished computers and laptops industry is expected to thrive at a CAGR of 10.2%.
Demand to Remain High for Refurbished Laptops in the Market
As per Future Market Insights, refurbished laptops will remain the highly sought-after product in the market. The target segment held a market share of around 74.0% in 2022 and it is expected to progress at a robust pace through 2033.
The refurbished laptop market has attracted various medium scale businesses to fulfill their technical requirements while reducing overall expenses. Medium-scale businesses often operate with limited budgets and resources, and refurbished laptops can provide a cost-effective alternative to buying new devices.
Refurbished laptops are typically available at a lower price point than new devices, allowing businesses to save money while still getting high-quality equipment.
Further, refurbished laptops are becoming an increasingly popular option for businesses, especially those operating on a limited budget. With advancements and innovations, refurbished laptop vendors are well-positioned to continue providing high-quality refurbished devices that meet the needs of businesses around the world.
Rich GUI and Easy Setup Features Making Windows OS Popular
Based on operating system, windows OS currently dominates the market and the trend is forecast to continue through 2033. The target segment holds a market share of around 66.1%.
Windows has a rich graphical user interface (GUI) that is intuitive and easy to navigate, even for non-technical users. Employees can quickly learn how to use it without extensive training or technical knowledge. This has made it easier for businesses to adopt Windows as their operating system of choice.
Windows also has a simple and straightforward setup process that allows users to set up and run it quickly. This makes it an attractive option for businesses looking to minimize downtime and maximize productivity.
The combination of a rich GUI and ease of use has helped Windows OS accumulate a massive market share over other operating systems.
Consumers Prefer Online Platforms for Purchasing Computers and Laptops
Online or e-Commerce platforms have become increasingly popular for buying refurbished computers and laptops due to several reasons. This includes convenience, pricing, and availability of a wide range of products.
Buying refurbished computers and laptops online is often more convenient than visiting a physical store. Customers can browse a wide selection of devices from the comfort of their home or office and purchase with just a few clicks.
Online retailers often offer competitive pricing on refurbished computers and laptops, as they can operate with lower overhead costs than brick-and-mortar stores. E-commerce platforms offer a wide selection of refurbished devices from various vendors and manufacturers, allowing customers to compare and choose the device that best meets their needs and budget.
Overall, online or e-commerce platforms are preferred for buying refurbished computers and laptops because they offer convenience, competitive pricing, and a wide selection of devices. Thanks to these reasons, the target segment accounted for a market share of 65.1% in 2022.
The refurbished computers and laptops market is an emerging market for refurbished manufacturers and retailers as it is providing consumers with a cost-efficient option to have their requirements fulfilled. Online retailers are accumulating a vast customer base over the internet by shipping refurbished computers and laptops around the world.
Leading manufacturers and suppliers of refurbished computers and laptops are also establishing new stores as well as adopting the merger & acquisition strategy to expand their presence.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 17,854.1 million |
| Projected Market Value (2033) | USD 47,303.2 million |
| Anticipated Growth Rate (2023 to 2033) | 10.2% |
| Share of top 5 players | 40% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Rest of Latin America, China, Japan, South Korea, India, ASEAN, Oceania, Rest of South Asia & Pacific, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Rest of Western Europe, Poland, Hungary, Romania, Czech Republic, Rest of Eastern Europe, Central Asia, Russia & Belarus, Balkan & Baltics, Saudi Arabia, United Arab Emirates, Turkiye, Northern Africa, South Africa, Israel, Rest of Middle East & Africa |
| Key Segments Covered | Product, Operating System, Sales Channel, and Region |
| Key Companies Profiled | Apple; Lenovo; HP; Samsung; Dell; Xiaomi; Asus; Acer; LG; Microsoft; Toshiba |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The sales of refurbished computers and laptops may grow at 10.2% annual rate until 2033.
The overall market is projected to reach almost USD 47,303.2 million by 2033.
The Windows OS system is mostly sought-after and holds almost 66.1% of the overall sales.
Sales of refurbished laptops account for almost 74% of the total sales worldwide.
Lower price as well as environmental responsibility.
Refurbished Computers and Laptops Market
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