Refurbished Electronics Market
Refurbished Electronics Market - By End-User (Corporate Offices, Schools and Colleges, Government Offices, Individuals, Others), By Product Type (Mobiles, Laptops & Computers, Headphone, Home & Kitchens Appliances, Sports & Accessories, Personnel Care, OtRequest Sample Request Discount
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The Refurbished Electronics Market is forecasted to grow at 9.7% CAGR to reach notable market value by the end of 2027. The refurbished electronics is a process of reusability of the products which are returned by the customers due to the technical issues, cracking or missing parts of the products and other reasons, which then repaired by manufacturers to be sold as refurbished products. These electronics products have been tested and after ensuring proper functioning, these refurbished electronics products are being pushed back to the supply chain. Electronics refurbished products are the better alternative to reduce e-waste and to promote reusability of the product.
Growth Drivers & Restraints
The increase in e-waste dumping and growing demand for affordable laptop, computers, speakers, microvan and other electronic devices are a major factor driving the growth of refurbished electronics market. In addition, the increasing number of electronics companies across the globe are implementing different marketing strategy such as warranty and discount on refurbished products which are attracting consumers to use these low-cost furbished products without compromising on standard working quality. Moreover, the government across developing countries such as India is striving to bring foreign companies in the Electronics and IT sector. These warranty and price benefits on refurbished electronics products are propelling the growth of refurbished electronic products market.
Further, the refurbished goods have undergone strict testing than the fresh devices by the electronics production line is also expected to fuel the growth of the refurbished electronic market. Besides this, based on the product the refurbished electronic market is segmented into laptops, computers, smartphones, speakers, home electronic appliances, and other electronic devices. Among them, the smartphone product drives the demand for refurbished electronics market as a mobile carrier have been making a push to encourage consumers to trade-in their older generation phones with the offering on newer models. In terms of region, North America led the refurbished electronics market as government regulation on reducing e-waste and availability of resources for contributing business opportunities from old and used products to the end-users in this region is high as compare to other countries.
However, less consumer awareness about refurbished electronics and limited supply chain of the required products are few key factors restraining the growth of the refurbished electronics market.
The research offers a comprehensive analysis of refurbished electronics market with respect to following sub-markets:
- Corporate Offices
- Schools and Colleges
- Government Offices
By Product Type
- Laptops & Computers
- Home & Kitchens Appliances
- Sports & Accessories
- Personnel Care
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, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as,
- Apple Incorporation.
- Acer Incorporation.
- Amazon Incorporation.
- ASUSTeK Computer Incorporation.
- Samsung Electronics Corporation.
- Lenovo Group Limited
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in refurbished products market.
Timeline Considered for Analysis:
- 2021- Base Year
- 2022 – Estimated Year
- 2022 to 2027 – Forecasted Year
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 refurbished electronics market by the following segments:
- By End-User
- By Product Type
- By Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Refurbished Electronics Market Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- 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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