Refurbished Computers and Laptops Market is to Surpass US$ 47,303.2 Million by 2033 amid Demand for Affordable Electronic Devices | Future Market Insights, Inc. – Yahoo Finance

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NEWARK, DE / ACCESSWIRE / June 27, 2023 / According to a recent Future Market Insights (FMI) report, the global refurbished computers and laptops market is expected to reach US$ 17,854.1 million by 2023. Over the next ten years, sales of refurbished laptops and computers are expected to increase at a CAGR of 10.2%. By the end of 2033, it is anticipated that the market will be worth US$ 47,303.2 million.
Refurbished computers and laptops refer to electronic computer devices that are sent to their manufacturer for their defects such as manufacturing defects, low performance, and damaged electronic parts. The manufacturers take these defective computers or laptops to scrutinize and repair the defective parts.
Refurbished devices undergo scrutiny and after detecting the defective parts, it all moves down to get repaired and restored to their original condition, or close to the original quality. After the repair is complete, refurbished laptops are resold at a lower price than new devices.
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Refurbished computers and laptops are a cost-effective option for businesses looking to purchase high-quality devices that perform like new ones without having to pay the premium price of a brand-new device.
Rising demand for low-cost electronic devices is a key factor that is driving the global refurbished computers and laptops industry forward.
Similarly, growing environmental concerns are expected to boost the refurbished computers and laptops industry.
Refurbished computers and laptops help to reduce electronic waste by extending the life of existing technology. By reusing existing devices, fewer electronics end up in landfills, reducing the environmental impact of electronic waste.
The production of new computers and laptops requires a significant amount of energy and resources. Refurbished devices on the other hand require less energy and resources to produce, making them a more environmentally friendly option.
Refurbished computers and laptops are often refurbished using parts from older devices. This helps to reduce the need for new parts and materials, reducing the environmental impact of production. Thus, purchasing refurbished electronics can help an environmental cause in the long run, and will help the market to expand rapidly.
Numerous startups are investing in refurbished workstations to reduce costs and sustain for longer periods. This will positively impact the global market during the projection period.
Key Takeaways:
Global sales of refurbished computers and laptops are likely to soar at 10.2% CAGR through 2033:
Based on product, the refurbished laptops segment held a 74% share of the global market in 2022.
By operating system, Windows OS held a prominent market share of 66.1% in 2022.
The United States refurbished computers and laptops market value is forecast to reach US$ 6503.7 million by 2033.
Demand for refurbished computers and laptops in China market is likely to rise at 10.2% CAGR.
Japan's market is projected to thrive at a robust CAGR of 12.7% from 2023 to 2033.
"Factors driving growth in the market include the increasing demand for cost-effective devices, the rise of the circular economy and sustainability initiatives, and the expansion of online and e-commerce platforms for purchasing refurbished devices. Further, the growing awareness of the environmental impact of e-waste has led to a rise in demand for refurbished electronics as a more sustainable alternative to buying new devices," – states an analyst at FMI.
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Who is Winning?
Apple, Lenovo, HP, Samsung, Dell, Xiaomi, Asus, Acer, LG, and others are a few of the leading players in the global refurbished computers and laptops industry.
These players are employing various strategies to increase their revenues and expand their presence. This includes establishment of new facilities/stores, mergers, acquisitions, partnerships, and collaborations. For instance,
In 2023, the first Select Store for refurbished PCs was launched by ASUS in India
Key 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
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia
Balkan & Baltics
Middle East and Africa
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Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, by Refurbished Computers and Laptops
4.2. Average Pricing Analysis Benchmark
5. Global Market Demand (Value in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
6. Market Background
6.1. Macro-Economic Factors
6.2. Forecast Factors – Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis – Impact Assessment
6.5. Market Dynamics
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About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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SOURCE: Future Market Insights, Inc.

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