Refurbished Laptop Global Market Report 2024

The refurbished laptop market size has grown strongly in recent years. It will grow from $7.24 billion in 2023 to $7.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historical period can be attributed to several factors. These include the increasing prices of new devices, the growth of e-commerce platforms facilitating refurbished product sales, heightened awareness of environmental sustainability leading to preference for refurbished products, economic factors driving consumers towards more cost-effective options, efficient refurbishment processes ensuring quality standards, and the growing acceptance and trust in refurbished products among consumers.

The refurbished laptop market size is expected to see strong growth in the next few years. It will grow to $10.15 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The anticipated growth in the forecast period can be attributed to several factors. These include the continued growth of e-waste, which drives the demand for sustainable alternatives such as refurbished laptops. Additionally, the adoption of circular economy principles and the expansion of online platforms and marketplaces contribute to the growth of the refurbished laptop market. Major trends expected in the forecast period encompass an emphasis on sustainability, a rising demand for affordable computing solutions, technological advancements in refurbishment processes, the growth of e-commerce, corporate sustainability initiatives, government regulations, consumer confidence in refurbished products, education and awareness campaigns promoting sustainability, product innovation, and the emergence of new markets.

The surge in e-waste production is poised to drive the growth of the refurbished laptop market in the upcoming forecast period. E-waste encompasses discarded electronic devices and equipment, posing significant environmental and health hazards if not properly managed or recycled. Refurbished laptops play a crucial role in mitigating e-waste by extending the lifespan of electronic devices and reducing the volume of discarded electronics. For instance, a report published by the United Nations Institute for Training and Research (UNITAR), a Switzerland-based agency dedicated to supporting global sustainable development goals, revealed that global e-waste production soared to a record high of 62 million metric tons in 2022 (Mt), marking an 82% increase from 2010 levels. It is projected to further escalate to 82 million metric tons by 2030, representing a 32% increase. Consequently, the mounting e-waste will act as a catalyst for the growth of the refurbished laptop market.

Key players in the refurbished laptop market are strategically launching refurbished laptop programs to cater to the surging demand for sustainable and cost-effective computing solutions. These programs typically involve refurbishment companies or organizations that accept old laptops, repair and upgrade them as needed, and subsequently resell or donate them to individuals, businesses, or communities. For instance, in October 2023, HP Inc., a US-based information technology company, initiated the refurbished laptops program to facilitate affordable access to laptops. The program aims to provide cost-effective and reliable technology access, particularly targeting low- and moderate-income learners. HP intends to offer affordable laptops to students, micro and small businesses, and freelancers through certified partners, who will retail the refurbished HP PCs to end consumers and businesses.

In August 2023, Flipkart Private Limited, an India-based e-commerce company, acquired Yaantra for an undisclosed sum. This strategic acquisition aligns with Flipkart's objective of establishing a comprehensive service ecosystem catering to the entire lifecycle of laptops and smartphones. It aims to broaden access to affordable refurbished laptops and smartphones, thereby enhancing the overall convenience and value proposition for end consumers. Yaantra, an India-based electronics reselling company specializing in refurbished laptops, brings valuable expertise and resources to bolster Flipkart's position in the refurbished laptop market.

Major companies operating in the refurbished laptop market are Walmart Inc., Amazon.com Inc, Microsoft Corporation, Dell Technologies Inc., Apple Inc., Hewlett-Packard Development Company, Lenovo Group Limited, Best Buy Co. Inc., Staples Inc., Office Depot Inc., eBay Inc., Micro Center Refurbished, Overstock Refurbished, Newegg Inc., Back Market, MacMall Refurbished, ecoATM Gazelle LLC, Mac of All Trades LLC, Tech for Less Inc., PCMag Shop Refurbished, Glyde Corporation, Acer Inc.

North America was the largest region in the refurbished laptop market in 2023. The regions covered in the refurbished laptop market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the refurbished laptop market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A refurbished laptop refers to a used laptop that has undergone comprehensive quality checks, repairs, upgrades, and cleaning procedures before being resold. These laptops undergo rigorous testing and inspection to ensure they meet quality standards and function properly. The refurbishing process typically includes inspection, testing, restoration, and data wiping to restore the laptop to factory settings.

Refurbished laptops are categorized based on their condition into Grade A, Grade B, Grade C, and Grade D. Grade A refurbished laptops are typically in excellent condition, having undergone thorough inspection and refurbishment to meet high-quality standards. These laptops may run on various operating systems, including Windows and Mac, with screen sizes ranging from 11 to 13 inches, 14 to 16 inches, and 17 inches and above. These laptops are distributed through direct and indirect channels to end users, including individual consumers, businesses, and others.

The refurbished laptop market research report is one of a series of new reports that provides refurbished laptop market statistics, including refurbished laptop industry global market size, regional shares, competitors with a refurbished laptops market share, detailed refurbished laptop market segments, market trends and opportunities, and any further data you may need to thrive in the refurbished laptop industry. This refurbished laptop market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The refurbished laptop market consists of revenues earned by entities by providing services such as comprehensive examination, restoration, and repair procedures. The market value includes the value of related goods sold by the service provider or included within the service offering. The refurbished laptop market also includes sales of replacement batteries, hard drives or SSDs, memory (RAM) modules, and keyboards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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