Global Refurbished Computers and Laptops Market 2023–2032

Reports Description

As per the current market research conducted by CMI Team, the global Refurbished Computers and Laptops Market is expected to record a CAGR of 11.6 % from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 4.9 billion. By 2032, the valuation is anticipated to reach USD 12.6 billion.

The refurbished computers and laptops market refers to the segment of the electronics market that deals with the sale of previously owned or used computers and laptops that have undergone a process of refurbishment.

Refurbished devices are typically returned to the manufacturer or a specialized refurbishment company, where they are thoroughly inspected, repaired, and restored to a functional condition. This process may involve replacing faulty components, upgrading hardware or software, cleaning, and cosmetic refurbishment. Once refurbished, these computers and laptops are made available for sale at a lower price compared to brand-new devices.

The refurbished market offers an opportunity for consumers to acquire high-quality devices at a more affordable price point, making it an attractive option for budget-conscious individuals or those seeking cost-effective alternatives.

Refurbished computers and laptops can come from various sources, including customer returns, lease returns, excess inventory, or trade-in programs. The devices are rigorously tested to ensure they meet quality standards before being sold with warranties, typically shorter in duration compared to new devices.

The market caters to a wide range of customers, including individuals, businesses, educational institutions, and organizations looking to acquire reliable computing devices while saving costs. The refurbished computers and laptops market has gained popularity due to factors such as cost savings, environmental sustainability by extending the lifespan of electronic devices, and access to older models or discontinued products that may no longer be available as new. It is a dynamic market that involves a range of players, including manufacturers, refurbishers, retailers, and online platforms.

Refurbished Computers and Laptops Market – Significant Growth Factors

The refurbished computers and laptops market presents several significant growth opportunities. These opportunities arise from various factors and trends in the market. Here are some key growth opportunities in the refurbished computers and laptops market:

• Cost Savings: The primary advantage of refurbished devices is their lower price compared to new ones. As consumers continue to seek cost-effective options, the affordability of refurbished computers and laptops becomes an attractive proposition. The potential for significant cost savings is a major driver for growth in this market.

• Increasing Quality and Reliability: Refurbished devices undergo thorough testing, repair, and refurbishment processes to ensure their functionality and reliability. As refurbishment techniques and quality control measures improve, refurbished computers and laptops are becoming more dependable, narrowing the gap between new and refurbished devices. This improved quality perception contributes to the market’s growth.

• Environmental Sustainability: With growing awareness of environmental issues, the refurbished market offers a sustainable alternative to buying new devices. By extending the lifespan of computers and laptops through refurbishment, the market promotes reduced electronic waste and resource conservation. Consumers who prioritize sustainability are likely to drive the demand for refurbished devices, contributing to market growth.

• Access to Discontinued or Older Models: Refurbished computers and laptops provide an opportunity to access models that may no longer be available as new. This is particularly relevant for individuals or businesses who require specific features or compatibility with legacy systems. The availability of older or discontinued models in the refurbished market creates a niche demand and growth potential.

• Growing Business and Educational Sectors: Businesses and educational institutions often require a significant number of computers and laptops. Refurbished devices offer a cost-effective solution for such organizations to equip their workforce or students with reliable computing devices within budget constraints. As these sectors continue to expand, the demand for refurbished computers and laptops is expected to rise.

• E-commerce and Online Platforms: The rise of e-commerce and online platforms has significantly facilitated the growth of the refurbished market. These platforms provide a convenient marketplace for customers to browse and purchase refurbished devices from various sellers and brands. The ease of comparing prices, accessing customer reviews, and online warranties enhances the buying experience and contributes to market growth.

• Emerging Markets: Refurbished computers and laptops have significant growth potential in emerging markets, where price sensitivity and affordability are critical factors. As these markets experience economic growth and increased digital adoption, the demand for affordable computing devices is likely to surge, presenting a lucrative opportunity for refurbished products.

 Refurbished Computers and Laptops Market – Mergers and Acquisitions

The refurbished computers and laptops market has witnessed various mergers and acquisitions that have shaped the industry landscape. These strategic moves have allowed companies to expand their market reach, diversify their offerings, and strengthen their competitive position. While specific mergers and acquisitions may vary over time, here are some notable examples:

• Apple Inc. acquiring companies: Apple has made several acquisitions in the past to strengthen its presence in the refurbished market. For instance, Apple acquired Power Computing Corporation in 1997, which provided them with additional resources and expertise in refurbishing and reselling Macintosh computers.

• Best Buy acquiring CowBoom: In 2013, Best Buy, a leading electronics retailer, acquired CowBoom, an online retailer specializing in selling refurbished electronics. This acquisition allowed Best Buy to expand its refurbished offerings and enhance its online presence in the market.

• Amazon acquiring Woot: Amazon, one of the largest online marketplaces, acquired Woot.com in 2010. Woot.com is known for its “Deal of the Day” concept and offers a range of refurbished products, including computers and laptops. The acquisition provided Amazon with a platform to enter the refurbished market and expand its product offerings.

• Newegg acquiring companies: Newegg, an e-commerce platform focused on computer hardware and electronics, has made strategic acquisitions to strengthen its position in the refurbished market. In 2016, Newegg acquired TechLiquidators, an online retailer specializing in refurbished electronics, to expand its product range and customer base.

• Microsoft Acquiring Refresh Partners: Microsoft, a leading technology company, acquired Refresh Partners in 2014. Refresh Partners was a company specializing in refurbishing and reselling pre-owned devices, including computers and laptops. This acquisition allowed Microsoft to enhance its presence in the refurbished market and offer certified refurbished products through its Microsoft Authorized Refurbisher (MAR) program.

• HP Inc. acquiring companies: HP has made acquisitions to bolster its presence in the refurbished market. In 2008, HP acquired XS International, a company specializing in IT asset recovery and refurbishment services. This acquisition provided HP with expertise in refurbishing and reselling IT equipment, including computers and laptops.

These are just a few examples of mergers and acquisitions that have occurred in the refurbished computers and laptops market. The consolidation of companies through such deals often aims to expand market share, gain access to new customer segments, leverage expertise in refurbishment processes, or enhance product offerings to meet the growing demand for refurbished devices.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Refurbished Computers and Laptops Market	Refurbished and Used Mobile Phones Market	Refurbished Smartphone Market
CAGR 11.6% (Approx)	CAGR 11.45% (Approx)	11.2% (Approx)
US$ 12.6 Billion by 2030	USD 146.43 Billion by 2030	USD 185.89 Billion by 2030.

Refurbished Computers and Laptops Market – Significant Threats

While the refurbished computers and laptops market presents numerous growth opportunities, there are also significant threats that can impact its dynamics. These threats arise from various factors and challenges within the market. Here are some notable threats to consider:

• Counterfeit Products: One of the major threats in the refurbished market is the presence of counterfeit products. Counterfeiters may attempt to pass off low-quality or non-functional devices as refurbished, deceiving consumers and damaging the reputation of the market. It is essential for consumers to purchase refurbished devices from reputable sources and ensure they come with proper certifications and warranties.
• Limited Supply of Quality Devices: The availability of high-quality refurbished devices depends on the supply of used computers and laptops that can be refurbished. As the market demand increases, the supply may become constrained, leading to a scarcity of quality devices. This can potentially affect the growth and competitiveness of the refurbished market.
• Technological Advancements: Rapid advancements in technology result in frequent updates and new releases of computers and laptops. This can create a challenge for the refurbished market, as newer models and features attract consumers who prefer the latest technology. The fast-paced nature of the industry can make it difficult for refurbished devices to keep up with the latest trends and specifications.
• Warranty Limitations: Refurbished devices typically come with shorter warranty periods compared to brand new products. While warranties are provided to ensure the functionality of refurbished devices, the limited coverage may deter some consumers who prioritize longer warranty periods and comprehensive after-sales support. Addressing warranty concerns and providing reliable customer service is crucial for the sustained growth of the refurbished market.
• Brand Perception and Trust: The perception and trust associated with refurbished products can be a potential threat. Some consumers may still harbour reservations about buying refurbished devices due to concerns about quality, performance, or previous usage. Building and maintaining trust in the market by ensuring stringent refurbishment processes, offering transparent product information, and providing warranty support is essential to overcome this threat.
• Competition from New Products: The refurbished market faces competition from new products offered by manufacturers. As brand new computers and laptops become more affordable or offer attractive features, consumers may opt for new devices instead of refurbished ones. The ability of the refurbished market to provide compelling value, cost savings, and comparable quality is vital to counter this competition.
• Regulatory Compliance: Compliance with regulations and standards is crucial in the refurbished market, especially regarding the refurbishment process, data privacy, and safety requirements. Failure to meet regulatory obligations can lead to legal issues, reputational damage, and loss of consumer trust. Adhering to industry standards and implementing robust quality control measures are essential to mitigate this threat.

It is important for participants in the refurbished computers and laptops market to proactively address these threats through quality assurance, customer education, improved warranties, enhanced refurbishment processes, and building strong partnerships with reputable suppliers. By doing so, the market can navigate these challenges and continue to thrive in the face of competition and changing consumer demands.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 5.67 Billion
Projected Market Size in 2032	USD 12.6 Billion
Market Size in 2022	USD 4.9 Billion
CAGR Growth Rate	11.6% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, By End-user, Distribution Channel and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

The growth of the micro, small, and medium enterprises (MSME) sector is contributing to the expansion of the refurbished computers and laptops market:

The growth of startups and small- to medium-sized enterprises (SMEs) worldwide is driving the adoption of refurbished laptops and computers for their business operations.

According to HyperXchange, a provider of refurbished electronics, SME clients are increasingly opting to purchase or lease refurbished laptops, with 68% specifically requiring refurbished desktop computers. Additionally, the study revealed that 88% of consumers expressed interest in purchasing other refurbished goods like laptops and smartphones. As a result, the expansion of the MSME sector is significantly propelling the progress of the refurbished computers and laptops market.

Remanufactured computers and laptops are experiencing high demand in ITES (Information Technology Enabled Services) and IT organizations. Many newly established BPOs and call centers, which may have budget constraints, are turning to secondhand computers and laptops for their operations.

High Demand for Refurbished Laptops:

The latest trends in the refurbished computers and laptops market indicate that the laptop segment is poised to dominate the industry in the forecast period. There is a strong demand for refurbished laptops from businesses across the globe. These laptops often come with certifications and guarantees, providing customers with assurance. Furthermore, vendors are offering attractive incentives such as discounts, doorstep delivery, no-cost EMI, warranties, product demonstrations, installation services, and buyback options for refurbished laptops.

Refurbished Computers and Laptops Market – Regional Analysis

Regional analysis of the refurbished computers and laptops market reveals variations in market dynamics and trends across different geographical regions. Here is a broad overview of the regional analysis:

• North America: North America holds a significant share of the refurbished computers and laptops market. The region is characterized by a strong presence of established players, technological advancements, and mature e-commerce infrastructure. The demand for refurbished devices is driven by cost savings, environmental consciousness, and access to affordable computing solutions.
• Europe: Europe is another prominent market for refurbished computers and laptops. The region has a well-developed IT infrastructure, and there is a growing awareness of the benefits of refurbished electronics. The demand for refurbished devices is driven by cost-conscious consumers, small businesses, and educational institutions looking for reliable and affordable computing solutions.
• Asia Pacific: The Asia Pacific region is witnessing significant growth in the refurbished computers and laptops market. Rapid economic development, increasing digital adoption, and a large population contribute to the demand for affordable computing devices. Price sensitivity, especially in emerging markets, drives the growth of the refurbished market in this region.
• Latin America: Latin America is an emerging market for refurbished computers and laptops. The region’s growing middle class, budget-conscious consumers, and the need for cost-effective technology solutions fuel the demand for refurbished devices. However, challenges such as counterfeits and limited access to quality refurbishment processes need to be addressed for sustained market growth.
• Middle East and Africa: The Middle East and Africa region show potential for growth in the refurbished computers and laptops market. The demand is driven by cost considerations, a growing SME sector, and initiatives to bridge the digital divide. However, challenges related to consumer trust, product availability, and access to certified refurbished devices remain.

Competitive Landscape – Refurbished Computers and Laptops Market

The competitive landscape of the refurbished computers and laptops market is characterized by the presence of a diverse range of players, including manufacturers, refurbishers, retailers, and online platforms. These players compete based on factors such as product quality, pricing, customer service, warranties, and market reach. Here are some key players in the refurbished computers and laptops market:

• Apple Inc: Apple is a leading player in the market, offering refurbished MacBook laptops and iMac computers. They have a dedicated section on their website for certified refurbished products.
• Dell Inc: Dell is a renowned computer manufacturer that also operates a refurbished division. They offer a range of refurbished laptops and desktop computers through their Dell Outlet.
• HP Inc: HP is another major player in the market, known for its refurbished laptops and desktops. They have an official HP Renew program that sells certified refurbished products.
• Lenovo Group Ltd: Lenovo is a well-known computer manufacturer that also has a presence in the refurbished market. They offer refurbished ThinkPad laptops and other devices through their official outlet.
• Amazon Renewed: Amazon has a dedicated platform called Amazon Renewed, where various sellers offer refurbished electronics, including computers and laptops. It serves as a marketplace for multiple brands and sellers.
• Best Buy: Best Buy is a leading electronics retailer that offers a range of refurbished computers and laptops. They have a designated section both online and in their physical stores for certified refurbished products.
• Newegg: Newegg is an e-commerce platform specializing in computer hardware and electronics. They have a refurbished section where customers can find refurbished computers and laptops from various brands.
• Microsoft Corporation: Microsoft operates its own refurbishment program called Microsoft Authorized Refurbisher (MAR). They work with certified partners to offer refurbished computers, including Surface devices, through the program.
• Acer Inc: Acer is a global computer manufacturer that also participates in the refurbished market. They offer refurbished laptops and desktops through their official Acer Outlet.
• Samsung Electronics Co. Ltd: Samsung, known for its consumer electronics, also has a presence in the refurbished market. They offer refurbished laptops and Chromebooks through their official website.

The competitive landscape is dynamic, with new players entering the market and existing players adapting to changing consumer demands and technological advancements.

The Refurbished Computers and Laptops Market is segmented as follows:

By Type

• Computer
• Laptop
• Workstations
• Notebooks
• Ultrabooks

By End-user

• Corporate Offices
• Educational Institutes
• Government Offices
• Personal
• Large
• Others (Enterprises, etc.)

By Distribution Channel

• Direct
• Indirect

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America