Refurbished Laptops and Computers Market

Market Study on Refurbished Laptops and Computers: Analysing Refurbished Laptops and Computers Within the Telecom Industry, and the Entry of Several New Players, PMR Anticipates Numerous Opportunities on the Horizon.

A Detailed Analysis of the Refurbished Laptops and Computers Market Based on an Increasing Emphasis on the Laptop Industry, and Evolving Product Regulations

Industry: IT and Telecommunication

Published Date: January-2024

Format: PPT*, PDF, EXCEL

Delivery Timelines: Contact Sales

Number of Pages: 211

Report ID: PMRREP33674

Report Price

$ 4900*

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Refurbished Laptops and Computers Market

The global refurbished laptops and computers market is forecast to expand at a CAGR of 10.7% and thereby increase from a value of US$12 Bn in 2023, to US$24.4 Bn by the end of 2030.

Attributes

Key Insights

Refurbished Laptops and Computers Market Size (2023E)

US$12.0 Bn

Projected Market Value (2030F)

US$24.4 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

10.7%

Historical Market Growth Rate (CAGR  2018 to 2022)

5.8%

Market Introduction and Definition

Refurbished laptops and computers are classified as used, returned, or previously owned electronic devices that have been restored and tested extensively to ensure they continue to function by the specifications of the original manufacturer. Frequently, this refurbishment procedure entails component replacement or repair, cleansing, and quality assurance inspections. These devices provide a financially viable substitute for brand-new products, rendering them an appealing choice for enterprises and consumers on a budget who are in search of dependable technology at a discounted cost. Recent years have witnessed substantial growth in the market for refurbished laptops and computers, propelled by a confluence of economic factors, environmental awareness, and the rising demand for inexpensive yet high-quality computing devices.

The global expansion of the market for refurbished laptops and computers is influenced by several factors. Priority number one is the financial benefit that refurbished devices provide. These products have gained popularity among a diverse range of consumers, including cost-conscious individuals, small businesses, and educational institutions, due to their considerably reduced prices in comparison to new alternatives. The growing consciousness regarding electronic waste and sustainability has additionally stimulated the market for refurbished devices, which prolong the life of electronics and thus contribute to a more ecologically sound approach.

 In addition, technological advancements and rigorous refurbishment criteria guarantee that refurbished laptops and computers exhibit performance levels that are equivalent to those of brand-new devices, thereby augmenting their widespread appeal. The market is additionally impacted by the expanding phenomenon of circular economy practices, which entails consumers placing a higher value on product reuse to mitigate the environmental consequences associated with electronic consumption. Because of this, the market for refurbished laptops and computers is anticipated to expand continuously, propelled by economic, environmental, and technological elements.

Market Growth Drivers

Rising Awareness of Environmentally Conscious and Sustainable Consumer Behaviour

The expanding worldwide market for refurbished laptops and computers is propelled by a growing concern for environmentally conscious and sustainable consumer behaviour. In light of escalating environmental apprehensions, both businesses and consumers are actively pursuing alternative methods to reduce the detrimental effects of electronic waste. In this paradigm shift, refurbished electronics are instrumental in providing a sustainable resolution to the continuously expanding e-waste crisis.

As a result of increased environmental consciousness, consumers have reevaluated their purchasing decisions in recent years, resulting in a transition towards more sustainable options. The electronic sector, renowned for its swift product life cycles, has faced criticism for its substantial contribution to environmental deterioration. The increased desire for environmentally friendly alternatives has resulted in refurbished laptops and computers becoming a desirable choice.

Consumers demonstrate active engagement in the circular economy and prolong the useful life of electronics while simultaneously mitigating the demand for new production by selecting refurbished devices. This environmentally conscientious strategy is in line with the increasing worldwide awareness of responsible consumption, in which both individuals and organizations strive to acquire goods that reduce their carbon emissions.

Market Restraints

The Susceptibility of the Industry to Disruptions in the Supply Chain

Notwithstanding the positive growth of the worldwide market for refurbished laptops and computers, the industry's vulnerability to disruptions in the supply chain remains a substantial limiting factor. The refurbishment process, due to its complex characteristics encompassing component sourcing, exhaustive testing, and quality assurance, exposes the market to potential disruptions in the supply chain. A significant obstacle arises from the dependence on a consistent and varied provision of pre-owned electronic devices.

Quality is the Perceived Criterion for Products

One significant obstacle that affects the worldwide market for refurbished laptops and computers is how products are perceived in terms of quality. Notwithstanding the progress made in refurbishment procedures to guarantee that devices adhere to or surpass their initial specifications, certain consumers retain concerns regarding the dependability and efficacy of refurbished electronics. The stigma that is linked to used or previously owned products has a significant impact on consumer perceptions. Conquering these preconceived conceptions and establishing confidence in the refurbished electronics market constitutes the obstacle.

Opportunities

Continuous Digital Revolution Infiltrating Diverse Sectors

The perpetual digital revolution that is permeating various sectors and societies provides an advantageous catalyst for the worldwide refurbished laptops and computer market. The refurbished electronics market stands to gain significantly from the increased demand for cost-effective, high-performing computing devices caused by the widespread adoption of technology by both businesses and individuals.

The rapid rate of digital transformation has resulted in an ongoing influx of more recent technologies, which has hastened the obsolescence of devices that were once state-of-the-art. This phenomenon generates a significant inventory of pre-owned electronic devices that are amenable to refurbishment and subsequent resale.

Organizations enduring digital transformations frequently aim to dispose of their obsolete hardware responsibly, thereby furnishing a substantial supply of raw materials for the refurbished electronics sector. The reciprocal association between digital transformation and the market for refurbished electronics establishes the latter as a significant participant in the adoption of sustainable technologies.

The refurbishment and redistribution of devices by organizations that upgrade their systems to conform to digital trends present a favorable opportunity for the refurbished electronics market. This practise is in complete harmony with the principles of responsible consumption and circular economy.

Analyst’s Viewpoint

Substantial development is anticipated in the worldwide market for refurbished laptops and computers, as a confluence of factors reshaping industry dynamics and consumer preferences. This expansion is largely attributable to the growing recognition and implementation of sustainable practices. With the increasing prominence of environmental awareness, both businesses and consumers are increasingly opting for refurbished electronics as a conscientious and sustainable alternative. The refurbishment process serves the dual purpose of prolonging the operational life of electronic devices and addressing apprehensions regarding electronic refuse by the principles of the circular economy.

The influence of manufacturers on the course of the refurbished electronics industry is crucial. An increased emphasis on transparency, quality assurance, and communication characterizes the evolving relationship between manufacturers and consumers. Prominent manufacturers in this sector place a high value on rigorous refurbishment criteria, guaranteeing that devices not only fulfill but surpass their initial specifications.

Establishing consumer confidence is of the utmost importance, and to do so, manufacturers are employing certifications, warranty programs, and transparent communication regarding the refurbishment procedure to reassure consumers regarding the performance and dependability of refurbished laptops and computers. Consumer perceptions regarding the quality of refurbished devices continue to be a significant obstacle. To surmount this obstacle, manufacturers must engage in collaborative endeavours, prioritize education regarding the refurbishment process, and establish transparent certification standards.

In summary, the worldwide market for refurbished laptops and computers intersects with consumer demand, technological advancement, and sustainability. By implementing appropriate strategies, manufacturers can effectively manage obstacles, establish confidence among consumers, and take advantage of expanding market prospects, thereby safeguarding the refurbished electronics sector for a prosperous and resilient future.

Supply-side Dynamics

The worldwide market for refurbished laptops and computers is characterized by the presence of prominent companies including Dell Technologies, HP Inc., and Apple Inc., whose extensive product lines and well-established brand reputations grant them considerable sway. The US, with its considerable market share attributed to its strong IT infrastructure and rapid technology adoption, is among the leading countries in terms of market utilization.

Furthermore, an increasing middle-class populace in South Asia, and Oceania, including India, is driving an increase in the demand for refurbished electronics in search of economical technological solutions. These nations utilize market forces to address the requirements of cost-conscious consumers and educational institutions while also bridging the digital divide.

The refurbished electronics market is being significantly transformed by the market leaders via strategic initiatives that prioritize sustainability, quality, and consumer confidence. For example, Dell and HP are incorporating recycled materials into their products and assuring the proper disposal of electronic waste following circular economy principles.

Apple is not only extending the lifecycle of its devices through its comprehensive refurbishment programs, but it is also influencing a change in consumer perception regarding the durability and worth of refurbished Apple products. These entities are exerting a significant impact on the market by establishing benchmarks in quality assurance, refurbishment procedures, and customer service; in doing so, they promote sustainable practices in the electronics sector and influence the broader market environment.

Market Segmentation

Which Product Category is Likely to Lead?

Refurbished Laptops Bring in the Maximum Revenue Share

Refurbished laptops are the segment of the refurbished electronics industry that is anticipated to hold the greatest market share. The growing need for portable and adaptable computing solutions, in conjunction with the swift replacement of laptop models propelled by technological progress, establishes refurbished laptops as a favoured option among consumers. Significant market dominance is anticipated in the refurbished laptops segment due to the allure of cost-effective, high-performing devices that are appropriate for both personal and professional use.

Although refurbished laptops are expected to account for the largest market share, it is anticipated that the refurbished desktop computers segment will experience the most rapid growth. The expansion is driven by the distinct demands of specific user segments, including graphic designers, gamers, and professionals in specialized industries, who desire high-performance computational capabilities and extensive customization choices. The refurbished desktop computer segment is anticipated to experience the most rapid growth among all refurbished electronics segments due to the demand for budget-friendly, high-quality alternatives as technological advancements continue to influence desktop computing.

Which is the Spearheading Operating System?

Windows-based Operating Systems Poised to Dominate

The operating system (OS) segment anticipated to hold the largest market share in the refurbished laptops and computers industry is Windows OS. The desktop and laptop operating system market has been historically dominated by Windows, owing to its extensive utilization in both personal and business settings. The enduring popularity of Windows can be attributed to its widespread software support, familiarity, and compatibility; thus, it remains the preferred operating system for refurbished devices.

Although Windows OS is expected to retain the largest market share, the Linux OS segment is projected to grow at the quickest rate. Linux's appeal extends to enterprises and individual users due to its expanding reputation for security and performance, in addition to its open-source characteristics and adaptability. As the demand for more secure and customizable computing environments increases, the Linux operating system segment of the refurbished electronics market will probably expand at a faster rate.

Which is the Most Prominent Sales Channel?

Online Stores Account for the Lion’s Share

Concerning the market for refurbished laptops and computers, the online/eCommerce channel is anticipated to hold the largest market share. Online platforms have gained significant popularity among consumers in search of refurbished electronic devices due to their extensive product offerings, convenience, and accessibility. The eCommerce sector's preponderance in the refurbished electronics industry can be attributed to the feasibility of price comparisons, review reading, and online purchasing.

Although the online/e-commerce channel is anticipated to retain the largest market share, the quickest growth is anticipated in the offline/brick-and-mortar stores segment. Despite the increasing prevalence of e-commerce, certain consumers continue to favor the immediate accessibility and face-to-face interaction that physical stores provide. This preference can be capitalized on by the offline sector through the provision of practical experiences, knowledgeable guidance, and a physical retail setting.

Top Regional Markets

North America's Dominance Remains Prevalent

On the global market for refurbished laptops and computers, it is anticipated that North America will hold the largest market share. The dominance of North America can be attributed to several factors, including high rates of technology adoption, a resilient IT infrastructure, and a substantial consumer base that desires affordable electronic devices of superior quality.

The distribution and sale of refurbished electronics are further facilitated by the region's developed e-commerce ecosystem, which establishes it as a significant market for such products. Moreover, the prevailing environmental awareness in North America is congruent with the sustainable attributes of refurbished electronics, thereby augmenting their regional market share and acceptability.

Opportunities Flock South Asia, and Oceania

Although North America is anticipated to hold the largest market share, the refurbished laptops and computers market is anticipated to expand at the quickest rate in South Asia, and Oceania. A growing awareness of cost-effective technology solutions, an expanding middle class, and an expanding population all contribute to the region's burgeoning demand for refurbished electronic devices.

Rapid urbanization and digitization in South Asia, and Oceania are fostering an environment that is favorable to the sale of refurbished laptops and computers. The convergence of the expanding e-commerce industry in the region and the demand for cost-effective computing alternatives in developing countries establish South Asia & Oceania as a pivotal region for the expansion of the refurbished electronics market.

The demand for refurbished devices in this region is further propelled by government initiatives, educational programs, and the emergence of a tech-savvy consumer base, which contributes to its status as the fastest-growing segment of the global market. Consequently, the consumer base in South Asia, and Oceania is expanding and dynamic, providing market participants with substantial prospects to penetrate this market. This, in turn, contributes to the overall expansion of the refurbished electronics market in the region.

Competitive Intelligence and Business Strategy

Prominent contenders in the worldwide refurbished laptops and computers market, such as Apple Inc., Dell Technologies, and HP Inc., utilize diverse approaches to maintain and increase their market dominance. These tactics are crucial to their achievement in a sector characterized by changing consumer inclinations and an increased emphasis on environmental consciousness.

A fundamental approach entails an unwavering dedication to sustainability across the entire life cycle of the product. As an illustration, Dell Technologies has implemented an all-encompassing circular economy initiative. Responsible recycling, electronic waste reduction, and the integration of recycled materials into the manufacturing process are their highest priorities. This strategy not only corresponds with the growing preference of environmentally conscious consumers but also establishes Dell as a frontrunner in sustainable technological solutions.

Comparably, HP Inc. has incorporated measures including closed-loop recycling and material reuse throughout their supply chain, thereby promoting a circular and sustainable approach. Fundamentally, the approaches adopted by market leaders in the refurbished electronics industry are centered on consumer confidence, quality control, and sustainability. Through the adoption of circular economy principles, the resolution of environmental issues, and the provision of a satisfactory customer experience, these entities strategically position themselves to attain the greatest possible market share in a dynamic and fiercely competitive environment.

Key Recent Developments

New Infrastructure

ASUS inaugurated its inaugural Select Store in India, specializing in refurbished personal computers, in March 2023. This new store will facilitate the affordable purchase of refurbished PCs of superior quality by consumers.

Market Impact: The establishment of ASUS's Select Store in India, which specializes in refurbished personal computers, is anticipated to generate a favorable influence on the international market. ASUS's implementation of a designated area for refurbished personal computers (PCs) is expected to facilitate the increasing recognition and adoption of these goods, thereby promoting consumer affordability and accessibility. This action is indicative of a more extensive pattern within the market, wherein prominent entities are acknowledging the need for refurbished electronics and engaging in proactive efforts to establish a more resilient and user-centric ecosystem for such products.

(Source: TOI)

Refurbished Laptops and Computers Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product
  • Operating System
  • Sales Channel
  • 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
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Refurbished Laptops and Computers Market Research Segmentation

By Product:

  • Refurbished Laptops
  • Refurbished Desktop Computers

By Operating System:

  • Windows OS
  • MAC OS
  • Linux OS

By Sales Channel:

  • Online/eCommerce
  • Offline/Brick & Mortar Stores

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

To know more about delivery timeline for this report Contact Sales

Companies Covered in This Report

  • Apple
  • Lenovo
  • HP
  • Samsung
  • Dell
  • Xiaomi
  • Asus
  • Acer
  • LG
  • Microsoft
  • Toshiba

Frequently Asked Questions

The market is anticipated to grow at a CAGR of 10.7% during the projected period.

The refurbished laptops and computers market was valued at US$12 billion in 2023.

The US held the largest market share in 2023.

The prominent players in the market are Apple, Lenovo, HP, Samsung, and Dell.

The offline/brick and mortar stores segment is expected to grow at the fastest pace during the forecast period.

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