Refurbished Computers & Laptop Market To Hit USD 8.5 Billion By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Refurbished computers & laptop industry is projected to witness a CAGR of 5.7% during the period 2024-2032. This growth can be attributed to the sustainability and environmental awareness.

Selbyville, Delaware, Nov. 07, 2024 (GLOBE NEWSWIRE) --

Refurbished Computers & Laptop market size captured USD 5.1 billion in 2023 and will record a 5.7% CAGR from 2024 and 2032 due to the growing focus on sustainability and environmental conservation.

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As consumers and businesses become more eco-conscious, they increasingly seek cost-effective alternatives to purchasing new devices. Refurbished computers and laptops reduce electronic waste and promote resource conservation by extending the lifespan of existing technology. Additionally, advancements in refurbishment processes ensure high-quality products, further boosting demand.

The overall refurbished computers & laptop market is segregated based on grade, operating system, screen size, end user, distribution channel, and region.

The Grade A segment held USD 2.5 billion in 2023 and will grow at a 6% CAGR through 2032. Grade A devices are those in near-mint condition, typically exhibiting minimal signs of wear and tear with no major cosmetic or functional defects. These high-quality refurbished devices appeal to consumers seeking reliable, affordable alternatives to new products. The strong demand for Grade A devices is driven by their excellent performance and cost-effectiveness, making them a preferred choice in the market.

The Windows segment commanded a substantial 71.4% of the total refurbished computers & laptop market share in 2023 and will establish a 5.9% CAGR from 2024-2032 due to the widespread use of the Windows operating system in various settings. Its popularity among consumers and businesses alike is driven by its compatibility, user-friendly interface, and robust performance. As organizations increasingly seek cost-effective solutions without compromising on quality, refurbished devices running Windows become highly appealing. The segment's dominance is further supported by a growing emphasis on sustainability, encouraging the purchase of refurbished technology as a viable alternative to new devices.

North America refurbished computers & laptop market achieved USD 1.6 billion and will experience a 6.1% CAGR throughout 2032. The market is experiencing strong growth fueled by a mix of cost-effectiveness, environmental awareness, and technological advancements. The region's focus on sustainability has prompted both consumers and businesses to opt for refurbished devices to minimize electronic waste and reduce carbon footprints. Furthermore, the increase in online learning and remote work has intensified the need for cost-effective technology solutions, thus making refurbished laptops and computers more attractive to consumers.

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Major players in refurbished computers & laptop market include Amazon Renewed, Apple Certified Refurbished Inc., Arrow Direct, Asustek Computer Inc., Dell Refurbished, Fujitsu Limited, HP Renew, International Business Machines (IBM), Lenovo Group Limited, LG Electronics Inc., Microsoft Corporation, Micro-Star International (MSI) Co., Ltd., Panasonic Corporation, Samsung Electronics Co., Ltd., Sony Corporation, and Toshiba Corporation among others.

Partial Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Market scope & definitions

1.2 Research design

1.2.1 Research approach

1.2.2 Data collection methods

1.3 Base estimates & calculations

1.3.1 Base year calculation

1.3.2 Key trends for market estimation

1.4 Forecast model

1.5 Primary research and validation

1.5.1 Primary sources

1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis

3.1.1 Factor affecting the value chain

3.1.2 Profit margin analysis.

3.1.3 Disruptions

3.1.4 Future outlook

3.1.5 Manufacturers

3.1.6 Distributors

3.1.7 Retailers

3.2 Industry impact forces

3.2.1 Growth drivers

3.2.1.1 Cost-effectiveness

3.2.1.2 Sustainability and environmental awareness

3.2.1.3 Growing demand from emerging markets

3.2.2 Industry pitfalls & challenges

3.2.2.1 Perception of quality and reliability

3.2.2.2 Supply chain challenges

3.3 Growth potential analysis

3.4 Porter's analysis

3.5 PESTEL analysis

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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