Global Refurbished PC Market Insights Forecasts to 2033

• The Global Refurbished PC Market Size was Valued at USD 11351 Million in 2023
• The Market Size is Growing at a CAGR of 6.51% from 2023 to 2033
• The Worldwide Refurbished PC Market Size is Expected to Reach USD 21321 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

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The Refurbished PC Market Size is Anticipated to Exceed USD 21321 Million by 2033, Growing at a CAGR 6.51% from 2023 to 2033.

 

Market Overview

Refurbishing is the process of restoring and testing a previously owned gadget so that it can be resold. Refurbished electronics are pre-owned electronic gadgets often smartphones, tablets, or PC that have been thoroughly examined, evaluated, cleaned, mended, enhanced, by a reseller to ensure that they are fully functional and then resold. Computers and mobile devices have their data eliminated and drives reset to factory settings. Refurbished devices offer a financially viable alternative to brand-new equipment, making them a tempting option for businesses and customers on a budget seeking reputable technology at a low cost. In recent years, the market for refurbished laptops and desktops has grown significantly, driven by a combination of economic concerns, environmental awareness, and increased demand for low-cost, high-quality computing devices. The top-performing refurbished computers feature warranties that not only protect users from substandard product quality but also provide a sense of assurance when purchasing a refurbished computer gadget.

 

In March 2023, ASUS opened its first 'Select Store' in India, offering repaired PCs (computers) at moderate prices. Every product that has been examined, refurbished, and verified to meet high standards comes with a one-year business warranty.

 

The key companies in the worldwide refurbished PC market include Apple Inc., ASUSTeK Computer Inc., Dell Inc., GigaRefurb, HP Inc., Lenovo Group Ltd., Samsung Electronics Co. Ltd, Microsoft Corporation, OCM Business Systems Ltd., Best Buy, IBM Corporation, Amazon.com, Inc., Acer Inc., Reboot Systems India Private Limited., and others.

 

Report Coverage

This research report categorizes the market for the refurbished PC market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the refurbished PC market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the refurbished PC market.

 

Driving Factors

The key advantage of refurbished devices is their lower cost compared to new ones. As consumers seek lower-cost alternatives, the affordability of reconditioned laptops and PCs becomes an appealing proposition. Refurbished devices are thoroughly tested, repaired, and refurbished to ensure their performance and reliability. As refurbishing processes and quality control procedures improve, reconditioned PCs and laptops become more reliable, reducing the difference between new and refurbished equipment. This better quality perception helps the market grow.

 

Restraining Factors

One of the primary concerns concerning the growth of the refurbished electronic devices market is the lack of popular models. High-demand models are often sold out quickly, leaving consumers with fewer options and an extended waiting period.

 

Market Segmentation

The refurbished PC market share is classified into type and application.

 

• The refurbished laptops segment accounted for the largest revenue share over the forecast period.

Based on the type, the refurbished PC market is categorized into refurbished laptops, refurbished desktops, and refurbished workstations. Among these, the refurbished laptops segment accounted for the largest revenue share over the forecast period. Customer returns, lease returns, excess inventory, and trade-in programs are some of the sources of refurbished PCs. Refurbished PC are often more affordable than new computers, allowing organizations to save money while still receiving high-quality technology.

 

• The enterprise segment is anticipated to grow at the highest CAGR during the forecast period.

Based on the application, the refurbished PC market is categorized into enterprise, educational institute, government, personal, and others. Among these, the enterprise segment is anticipated to grow at the highest CAGR during the forecast period. Enterprises emerged as the most regular consumers of refurbished PCs and laptops, driven by the desire to strike a compromise between cost-effectiveness and dependability. Large organizations, in particular, desired refurbished devices to provide their staff with cost-effective but trustworthy computing resources, allowing for ideal business operations without sacrificing performance.

 

Regional Segment Analysis of the Refurbished PC Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the refurbished PC market over the predicted timeframe.

 

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North America is projected to hold the largest share of the refurbished PC market over the predicted timeframe. Refurbished PC sales are growing rapidly in North America, notably in the United States, due to proficient technology retailers such as Walmart and Best Buy. Refurbished laptops and computer equipment provide fair price options for buyers and sellers, and they are gaining popularity due to the money saved by both sides. Local sellers also provide high-quality reconditioned laptops and computers at wholesale pricing. Customers may shop for their ideal laptops and computer accessories while saving money due to the availability of all brands on one platform. The growing popularity fuels demand in this region for elderly and refurbished PC.

 

Asia-Pacific is expected to grow at the fastest CAGR growth in the refurbished PC market during the forecast period. Asia Pacific is expected to have the greatest global repaired electronics market share. Asia-Pacific has a high number of e-commerce and online marketplaces for reconditioned gadgets, as well as major manufacturing capabilities. It is one of the world's most populous regions, with most people falling into the middle and lower economic levels. This demographic seems to choose remanufactured products due to their cost, sustainability, and dependability. People in India are increasingly buying refurbished and used PC to replace their expensive laptops and transition from feature laptops to computers.

 

Europe became known as the primary region in the refurbished computer and laptop business, with significant growth and market dominance. Countries such as the United Kingdom, Germany, and France are major contributors to this expansion. Furthermore, government measures encouraging sustainability and circular economy principles provide a conducive climate for the expansion of Europe's reconditioned devices sector.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the refurbished PC market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Apple Inc.
• ASUSTeK Computer Inc.
• Dell Inc.
• GigaRefurb
• HP Inc.
• Lenovo Group Ltd.
• Samsung Electronics Co. Ltd
• Microsoft Corporation
• OCM Business Systems Ltd.
• Best Buy
• IBM Corporation
• Amazon.com, Inc.
• Acer Inc.
• Reboot Systems India Private Limited.
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In March 2024, Lenovo introduced a new program designated "Certified Refurbished Products," which aims to deliver affordable technology to consumers. This program is focused on selling refurbished PCs and other products. The company's mission is to target new user demographics while also tackling the issue of electronic trash.

 

• In October 2023, HP Inc. announced a refurbished laptop program in India, delivering old yet cost-effective PCs to both retail consumers and companies via HP-certified partners who provide after-sales assistance.

 

• In February 2023, Samsung launched a new line of refurbished smartphones called "Galaxy Certified Refurbished." The Galaxy Certified Refurbished smartphones should be available through Samsung's online store and authorized retailers.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the refurbished PC market based on the below-mentioned segments: 

 

Global Refurbished PC Market, By Type

• Refurbished Laptops
• Refurbished Desktops
• Refurbished Workstations

 

Global Refurbished PC Market, By Application

• Enterprise
• Educational institute
• Government
• Personal
• Others

 

Global Refurbished PC Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa