Refurbished Computers and Laptops Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Refurbished Computers and Laptops Market: Overview and Definition
The global refurbished computers and laptops market size is estimated to register a compound annual growth rate (CAGR) of 9.4% during the forecast period i.e., 2022-2032. Moreover, global refurbished computers and laptops market is anticipated to capture a market opportunity of USD 14.2 billion between 2022-2032.
Rising Demand For Laptops due to Work From Home Culture & Distance learning
The demand for refurbished electronics especially laptops has increased thanks to the work from home & distance education culture among people. in step with the retailers, with the sudden surge in demand for laptops triggered by work from home culture and online learning, has pushed up prices of latest laptops by 30-40%, which has shifted the demand of costumers towards the refurbished products. Further, this factor is anticipated to accentuate the expansion of the global refurbished laptops & computer market. Moreover, the market is additionally anticipated to rise attributable to increased popularity among the users favoring branded laptops for work from home and online learning. Brands including Apple have partnered with the web refurbished electronic retailers, Teckzu which sells Apple products, Also, other retailers like Rapid Solutions International sells refurbished laptops of brands including Dell Inc., HP, and Lenovo.
The global market for refurbished computers and laptops is segmented by end user, product type and distribution channel. On the basis of end user, the market is segmented into corporate offices, schools & colleges, government offices, individuals, and others, out of which, individuals segment is expected to grow at a considerable CAGR over the forecast period, i.e., 2022-2027. Further, it was followed by corporate offices segment in terms of market share in 2021.
By product type, the market is divided into laptops and computers, out of which, laptops segment is projected to register a higher revenue share in the global market over the forecast period. Apart from this, the computers segment is expected to attain a significant CAGR over the upcoming years.
Based on distribution channel, the market is segregated into online store and offline store, out of which, online store segment is anticipated to attain the highest market share in the overall market over the upcoming years. In addition, offline store segment is expected to thrive at a noteworthy CAGR over the forecast period i.e. 2020-2025.
In terms of geography, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the refurbished computers and laptops market, Asia Pacific is predicted to capture a considerable market share over the forecast period. Further, the demand for refurbished computers and laptops is high due to the production of a large quantity of electronic products at cheaper rates across the region, which is anticipated to drive the growth of Asia Pacific market. Further, the Europe market is driven on the back of rising awareness about e-waste in the region and is envisioned to grow at a notable compound annual growth rate (CAGR) from 2020 to 2025.
The report also covers detailed competitive analysis of major market players of global refurbished computers and laptops market, such as Apple Inc., Lenovo Group, Reboot, Overcart, Acer Inc., ASUSTeK Computer Inc., Amazon.com, Inc., Samsung Electronics Co. Ltd., Dell, Hewlett-Packard Company and other major & niche players. The global refurbished computers and laptops market is witnessing a wide range of industry activities such as launch, innovation, merger, partnership, acquisition, research & development, and expansion across the globe.
By End User:
- Corporate Offices
- Schools & Colleges
- Government Offices
By Product Type:
By Distribution Channel:
- Online Store
- Offline Store
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
The report profiles various major market players such as
- Apple Inc.
- Lenovo Group
- Acer Inc.
- ASUSTeK Computer Inc.
- Amazon.com, Inc.
- Samsung Electronics Co. Ltd.
- Hewlett-Packard Company
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (launch, acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in refurbished computers and laptops market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2027: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global refurbished computers and laptops market by the following segments:
- End User
- Product Type
- Distribution Channel
Customization: We also offers customization in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Refurbished Computers and Laptops Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- What is the impact of coronavirus disease (COVID-19) on the market and the upcoming changes in the market?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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