Computer Equipment Refurbishment Service Market was valued at USD 15.5 Billion in 2022 and is projected to reach USD 26.3 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
During this period, the primary drivers were budget constraints in the wake of the pandemic and the growing awareness of sustainability practices. As many organizations were forced to adapt to remote work setups, there was an increasing need for affordable and reliable IT infrastructure. This demand surged, with refurbishment services providing a vital solution. Companies and educational institutions were able to equip their workforce and students with functional technology without the high costs of new devices. Additionally, the environmental impact of manufacturing new computers led to a growing market for refurbished devices, which require less energy and raw materials to produce.
Looking ahead, the period from 2023 to 2033 is expected to witness even greater demand for computer equipment refurbishment services. The surge in digital transformation across industries and the ongoing push for green technology solutions are likely to contribute to a significant increase in demand. With the rapid pace of technological advancements, businesses often need to upgrade their equipment, creating a consistent demand for refurbishment services. Furthermore, as the circular economy model becomes more ingrained in business practices, refurbished equipment is expected to become even more widely accepted, especially among organizations with sustainability goals.
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The computer equipment refurbishment service market has witnessed steady growth between 2018 and 2022, driven by the increasing demand for cost-effective and environmentally friendly solutions. As businesses and individuals continue to seek ways to minimize their expenses while maintaining high standards of technology, refurbished computer equipment has become an attractive option. The process of refurbishing includes repairing, upgrading, and reselling used or outdated equipment, allowing businesses to save money and extend the lifespan of their hardware. By 2022, the refurbishment service market had expanded significantly, with rising interest in laptops, desktops, and other IT equipment.
Talal Abu-Ghazaleh Global
Digital Pipeline
CRS
RecycleIT
Stone Group
Chayon Technologies
IT Supply Solutions
Refurb.SA
TechSoup Global
Phoenix Computers
Bauer Systems Group
STG
Wisetek
JUST PC's
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Computer Equipment Refurbishment Service Market
Individual
Family
Enterprise
Based on Types the Market is categorized into Below types that held the largest Computer Equipment Refurbishment Service market share In 2023.
Desktop
Laptop
Tablet
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Computer Equipment Refurbishment Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Computer Equipment Refurbishment Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Computer Equipment Refurbishment Service Market, By Type
6. Global Computer Equipment Refurbishment Service Market, By Application
7. Global Computer Equipment Refurbishment Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Computer Equipment Refurbishment Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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