Refurbished Electronics Market
Surge in demand for refurbished computers and laptops from both individuals and ITES industry is accelerating the demand for refurbished electronics.
WILMINGTON, DE, UNITED STATES, December 19, 2024 /
EINPresswire.com/ -- The global
refurbished electronics market was valued at USD 85.42 billion in 2021 and is projected to grow at a robust CAGR of 12.1% from 2022 to 2031. By the end of 2031, the market is expected to reach USD 272.91 billion, driven by increasing consumer preference for cost-effective and sustainable electronic solutions.
The demand for various types of refurbished products such as wearable devices, smartphones, home appliances, and computing devices is expected to rise in several developing nations owing to the presence of people with lower and middle income brackets in these nations. This factor is expected to drive the market expansion, state analysts of a TMR study that delivers key insights on different regions including the refurbished electronics market in US.
๐จ๐ป๐น๐ผ๐ฐ๐ธ ๐๐๐น๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐: ๐๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐!
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Refurbished Electronics Market: Key Findings
โข Prominent companies manufacturing electronics equipment together with leading e-commerce platforms are increasing efforts to refurbish and recycle different electronic devices in order to minimize the e-waste. This factor is expected to boost the refurbished electronics market size during the forecast period, note analysts at TMR.
โข The popularity of refurbished devices is being rising in the recent years across several cost-sensitive nations around the world as these products are available at 40% to 60% lower prices in comparison to new products. While refurbished laptops and computers are being adopted for personal use globally, the demand for such devices is being rising across the ITES industry as well. This factor is boosting the growth in the refurbished electronics market, according to study by TMR.
โข Leading refurbished electronics distributors and manufacturers are focusing on the delivery of improved user experiences for best refurbished electronics by offering best refurbished electronics, notes a review by TMR. Moreover, they are increasing efforts to strengthen their brand values and maintain the trust of their consumers. Such efforts are prognosticated to drive the refurbished electronics market growth during the forecast period, as per analysts at TMR.
Refurbished Electronics Market: Growth Boosters
โข Increase in the understanding about refurbished devices and their cost-effective nature is fueling the sales growth in the global refurbished electronics market
โข Surge in the number of refurbished electronics manufacturers, distributors, and markets for refurbished consumer electronics is creating significant expansion avenues in the refurbished electronics market
๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ ๐๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐ โ ๐ฉ๐ถ๐๐ถ๐ ๐ข๐๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐!
https://www.transparencymarketresearch.com/refurbished-electronics-market.html
Refurbished Electronics Market: Key Players
Some of the key players profiled in the report are:
โข Acer Inc.
โข Apple Inc.
โข Overcart
โข Back Market
โข HP Inc.
โข Dell, Inc.
โข ASUSTeK Computer Inc.
โข Amazon.com, Inc.
โข Lenovo Group Ltd.
โข Samsung Electronics Co., Ltd.
โข Reboot Systems India Private Limited
Refurbished Electronics Market Segmentation
ยท Product Type
ยท Smartphones
ยท Wearable Devices
ยท Computing Devices
ยท Home Appliances
ยท Sound and Vision
ยท Gaming Consoles
ยท Distribution Channel
ยท Offline Stores
ยท Online Stores
ยท End-user
ยท Corporate Offices
ยท Schools and Colleges
ยท Government Offices
ยท Individuals
Region
โข North America
โข Europe
โข Asia Pacific
โข Middle East & Africa
โข South America
๐๐ง & ๐ง๐ฒ๐น๐ฒ๐ฐ๐ผ๐บ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐
Refurbished Computer and Laptop Market -
Refurbished Computers and Laptops Market is expected to reach a value of US$ 4.9 Bn by 2027.
Chatbot Market - The global chatbot market is expected to reach US$ 26.74 Bn by the end of 2031, grow at a CAGR of 22.3% from 2022 to 2031.
๐๐ฏ๐ผ๐๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
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Atil Chaudhari
Transparency Market Research Inc.
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