Refurbished Laptops and Computer Market Infographics Description
- The global refurbished laptops and computer market is estimated at US$ 3,962.1 Mn in 2020.
- Worldwide refurbished laptops and computer market is projected to reach US$ 7,440.6 Mn in 2029 at a CAGR of 7.3% from 2020 to 2029.
- Amongst product types, the laptop segment in the global refurbished laptops and computer market is estimated to account for a majority revenue share of 63.0% in 2020 end.
- Among all the distribution channel segments, the online is expected to register the highest CAGR of over 7.7%, followed by the conventional segment.
- Amongst end-user, the commercial segment in the global refurbished laptops and computer market is estimated to account for a majority revenue share of 59.4% in 2020 end, owing.
- North America market is expected to dominate the global refurbished laptops and computer market. It is expected to account for the largest market revenue share as compared to that of markets in other regions.
Refurbished Laptops and Computer Market Leading Key Players Are
- Samsung Electronics Co.Ltd.
- Apple Inc.
- Acer Inc.
- Actuant Corporation
- Lenovo Group Ltd
- Hewlett-Packard (HP Development Company L.P.)
- Asus
- Reboot Systems India Private Limited.
- Laptops Direct
- others
Growth Drivers and Strategic Developments
The global market for refurbished computers and laptops is witnessing significant growth, driven by a blend of economic and environmental factors. Cost savings are a major draw, as these devices offer considerable discounts compared to new models, making them an attractive choice for budget-conscious consumers, small businesses, and educational institutions. This affordability facilitates broader access to technology, particularly beneficial in educational settings and emerging markets where budget constraints are common.
Environmental concerns also play a crucial role in the increasing popularity of refurbished devices. As awareness of sustainability issues grows, more consumers and businesses are opting for refurbished products to minimize electronic waste. This choice supports the circular economy, which emphasizes reusing and recycling to lessen environmental impact. Additionally, refurbishers are enhancing consumer confidence by improving quality assurances and extending warranties, which help mitigate worries about the dependability and functionality of refurbished devices.
Technological advancements contribute to the steady supply of devices available for refurbishment. As individuals and organizations continually upgrade to the latest technology, older but still usable devices enter the refurbishment cycle, ensuring a consistent flow of products. The expansion of e-commerce has further fueled the market, with online platforms providing extensive selections, competitive pricing, and detailed product insights, all of which make refurbished devices more accessible and appealing to a global audience.
In summary, the refurbished computer and laptop market is thriving due to its cost-effectiveness, environmental benefits, and the continuous influx of technology suitable for refurbishment. The sector’s growth is further supported by the rise of e-commerce and increasing demand from educational institutions and emerging markets, which are leveraging these cost-efficient solutions to enhance digital literacy and educational outcomes.
