Refurbished Computer and Laptop Market, By Type (Computer, Laptop), By End User (Enterprise, Educational Institute, Government, and Others), By Region – Global Analysis Forecast Till 2030

The Refurbished Computer and Laptop Market is projected to grow at a CAGR of 11.5% from 2022 to 2030.

Every element of life and the workplace now benefits from technology. Most individuals now utilize computers and laptops at home and work to stay on top of various personal and professional obligations. But many people would find it difficult to afford the price of brand-new equipment. Therefore, many customers search for used goods if not a cheaper alternative. Computers and laptops that have undergone a rigorous procedure to restore them to the same performance and quality standards as brand-new devices are being offered at reduced costs by several firms and some major leading players.

Refurbished computers can be just as safe and dependable as new computers, according to several product manufacturers and dealers, but purchasers must exercise caution and purchase from a reputable vendor. During the projected period, increasing human dependence on technology and machines is anticipated to propel the global refurbished computer and laptop market.

Refurbished is a general word for products that have been fixed or recertified for sale. Refurbished products might vary by industry; however, they can range from desktops to laptops in the computer business. Refurbished laptops are offered at a lower or discounted price than the brand-new model. As the refurbishment procedure removes some refurbished models from the quickly changing electronics market for a few months, they may not have some of the essential processing capabilities like reduced RAM, reduced disc space, and generation.

Market Dynamics

Drivers:

The growth of call centres and Business Process Outsourcing (BPO) businesses is advantageous for the computer industry. ITES (Information Technology Enabled Services) and IT firms need many refurbished laptops and computers. Right now, many new call centres and BPOs are unable to buy new PCs for their operations. As a less expensive option, some firms favour remanufactured goods. This element is anticipated to fuel the global refurbished laptops and computers market.

The need for reconditioned gadgets that are offered at reasonable costs in secondary marketplaces is being fueled by the growing demand for cost-effective systems in BPOs and the service industry. Computers and laptops are being sold for less by OEMs and other sellers of reconditioned goods. The market for refurbished laptops and computers will probably be affected by this.

Restraints:

The main factors limiting the growth of the market for refurbished computers and laptops in the upcoming year are low customer awareness of refurbished products and a constrained supply chain for the necessary products.

Opportunity:

Refurbishers and PC manufacturers have many opportunities due to the rise of contact centers and the IT sector in Europe and Asia-Pacific. Refurbished laptops and desktops are offered at comparably lower prices than new devices without sacrificing quality. Additionally, OEMs provide extended warranties on parts and equipment.

Key players:

• Acer Inc.

• Apple Inc.

• ASUSTeK Computer Inc.

• Dell Inc.

• HCL Technologies

• HP Development Company, L.P.

• Lenovo Group Limited

• Microsoft Corporation

• Samsung Electronics Co. Ltd.

• Advanced Skyline Technology Ltd (AST)

• Blair Tech

• 2ndgear.com

• Recompute

• Reboot Systems

• Refurbix

• ReNew IT

• GigaRefurb

• OCM Business Systems Ltd.

Market Segmentation:

Refurbished Computer and Laptop Market, By Type    

• Computer

• Laptop

Refurbished Computer and Laptop Market, By End User      

• Enterprise

  • Small and Medium Enterprise

  • Large Enterprise

• Educational Institute

• Government

• Others

Refurbished Computer and Laptop Market, By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

The refurbished computer and laptop market is anticipated to develop at the quickest CAGR in Asia Pacific. The main driver of the expansion in the area is the rise in the number of new start-up businesses and the resulting demand for used and refurbished goods such as laptops and computers by low-funded start-ups.

Due to increased government regulation on reducing e-waste, which is causing significant players like Apple Inc. to promote the sale of refurbished goods to push old and used products back into the supply chain, North America and Europe are predicted to account for the largest market share in terms of revenue for the refurbished computer and laptop market.

Additionally, this will reduce electronic waste and help businesses find new markets for their older and outdated equipment.

Scope of the Report:

User

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