Global Refurbished Computers Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 4.8 Billion by 2030, growing at a CAGR of 11.3% from 2024 to 2030.
The refurbished computers market has experienced significant growth in recent years, driven by increasing environmental awareness and the demand for cost-effective technology solutions. In 2023, the market was valued at approximately USD 5.1 billion and is projected to reach USD 8.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.7%.
Several factors contribute to this upward trend:
Environmental Benefits: Choosing refurbished computers helps reduce electronic waste, promoting sustainability.
Cost Savings: Consumers can access high-quality devices at a fraction of the cost of new ones.
Quality Assurance: Reputable refurbishers ensure devices meet stringent standards, offering warranties for peace of mind.
From personal experience, purchasing a refurbished laptop not only provided significant savings but also delivered reliable performance comparable to a new device. This personal success story aligns with many users who have shared positive experiences on platforms like Reddit, emphasizing the value and reliability of refurbished computers.
However, it's essential to consider potential drawbacks:
Limited Availability: Specific models or configurations may be scarce in the refurbished market.
Shorter Lifespan: Depending on prior usage, some refurbished devices might have a reduced operational lifespan.
Despite these considerations, the market's growth is supported by the emergence of recommerce platforms and a heightened focus on sustainability. As technology continues to evolve, the refurbished computers market is poised for further expansion, offering consumers affordable and eco-friendly alternatives to new devices.
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Dell
Apple
HP
Advanced Skyline Technology Ltd (AST)
Blair Tech
2ndgear.com
Recompute
Reboot Systems
Refurbix
ReNew IT
GigaRefurb
OCM Business Systems Ltd.
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 Refurbished Computers Market
Online Retail
Offline Retail
Based on Types the Market is categorized into Below types that held the largest Refurbished Computers market share In 2023.
Official Refurbishing Computer
Non-official Refurbishment Computer
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Refurbished Computers 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 Refurbished Computers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Refurbished Computers Market, By Type
6. Global Refurbished Computers Market, By Application
7. Global Refurbished Computers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Refurbished Computers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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