Japan Used Refurbished Electronics Market was valued at USD 7 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
Japan's used and refurbished electronics market has experienced significant growth, propelled by a combination of consumer demand for affordable, high-quality devices and the nation's commitment to sustainability. This sector encompasses a wide range of products, from smartphones to complex networking components like 100 Gigabit Fiber Optic Transceivers, each serving diverse industrial requirements.
The refurbished smartphone market, in particular, has seen remarkable expansion. In 2024, the market was valued at approximately US$80.4 billion, with projections indicating a surge to US$258.8 billion by 2034, reflecting a compound annual growth rate (CAGR) of 12.40%. This growth is attributed to several factors:
Cost Efficiency: Consumers and businesses alike are increasingly drawn to refurbished devices as a budget-friendly alternative to new models.
Sustainability Initiatives: Japan's stringent recycling regulations and environmental consciousness have fostered a culture that values the reuse of electronic products.
Technological Advancements: Continuous improvements in refurbishment processes have enhanced the quality and reliability of these devices, making them more appealing to a broader audience.
Major brands such as Apple and Samsung dominate the refurbished smartphone market in Japan. However, there's a growing interest in devices from Chinese and lesser-known Japanese brands, offering consumers a wider array of choices. The market's expansion is also supported by e-commerce platforms that facilitate the sale of refurbished devices, providing consumers with convenient access to these products. Additionally, businesses are increasingly purchasing refurbished smartphones in bulk for employee use, contributing to both cost savings and sustainability efforts.
Beyond smartphones, other electronic components like 100 Gigabit Fiber Optic Transceivers are integral to various industries, particularly in telecommunications and data centers. The demand for such high-speed networking components is driven by the need for faster data transmission and improved connectivity. Industries require these transceivers to meet the growing data consumption and transmission needs, necessitating a market that can supply reliable and efficient products. The availability of refurbished networking components offers businesses a cost-effective solution without compromising on performance, aligning with the broader trend of embracing refurbished electronics.
Japan's regulatory framework plays a crucial role in shaping the used electronics market. The Law for the Promotion of Effective Utilization of Resources (LPUR) encourages manufacturers to recycle goods and reduce waste generation. Complementing this, the Law for the Recycling of Specified Kinds of Home Appliances (LRHA) imposes obligations on both consumers and manufacturers to ensure proper recycling of certain appliances. These regulations not only promote environmental sustainability but also influence the availability and quality of refurbished electronics in the market.
In summary, Japan's used and refurbished electronics market, encompassing products like smartphones and 100 Gigabit Fiber Optic Transceivers, is thriving due to a confluence of consumer demand for affordable options, stringent environmental regulations, and continuous advancements in refurbishment technologies. This market evolution reflects a broader global trend towards sustainability and resource efficiency, offering both consumers and industries viable alternatives to new electronic products.
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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 Japan Used Refurbished Electronics Market
Smartphones
Laptops
Tablets
Wearable Devices
Televisions
Audio Equipment
Like New
Very Good
Good
Acceptable
Refurbished
Online Retailers
Brick-and-Mortar Stores
Direct from Manufacturers
Auction Sites
Certified Refurbishers
Individual Consumers
Small Businesses
Large Corporations
Educational Institutions
Government Agencies
Low-end (Under $100)
Mid-range ($100 - $500)
High-end ($500 - $1000)
Premium (Above $1000)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Used Refurbished Electronics 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. Japan Used Refurbished Electronics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Used Refurbished Electronics Market, By Type
6. Japan Used Refurbished Electronics Market, By Application
7. Japan Used Refurbished Electronics Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Used Refurbished Electronics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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