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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424413
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424413
Refurbished Electronics Market, By Product Category, By Consumer Type, By Distribution Channel, By End Use, By Price Range, By Technological Generation, By Refurbishment Process, By Geography
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The global refurbished electronics market size was estimated at US$ 48.29 Billion in 2023 and is expected to reach US$ 94.10 Billion by 2030, growing at a compound annual growth rate (CAGR) of 10% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023/2024: | US$ 48.29 Bn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 10.00% | 2030/2031 Value Projection: | US$ 94.10 Bn |
Figure 1. Global Refurbished Electronics Market Share (%), by Region, 2023
The Refurbished Electronics Market has been gaining significant traction in recent years. Refurbished electronics refers to devices that have been previously owned and used, but have undergone a thorough inspection, repair, and testing process to ensure they meet the original manufacturer's specifications. These devices are then resold at a lower price point compared to brand new products.
The key players in the refurbished electronics market include industry giants such as Apple Inc., Amazon Renewed, Samsung Electronics, and Best Buy Co., Inc., among others. These companies have recognized the growing demand for affordable yet reliable electronic devices and have capitalized on this market opportunity.
The refurbished electronics market offers several advantages to consumers. Firstly, it provides access to high-quality devices at a fraction of the original cost, making it an attractive option for budget-conscious individuals. Additionally, purchasing refurbished electronics is also environment-friendly, as it promotes the reuse and recycling of electronic devices, reducing electronic waste.
Market Dynamics:
The Refurbished Electronics Market is primarily driven by the increasing demand for affordable electronic devices. With the rapid pace of technological advancements, consumers are constantly seeking the latest gadgets and upgrades. However, the high price tags associated with new devices often pose a barrier to adoption. Refurbished electronics offer a cost-effective alternative, allowing consumers to access the latest technology without breaking the bank.
Another key driver of the refurbished electronics market is the growing awareness and concern for environmental sustainability. As electronic waste continues to be a pressing issue, consumers are becoming more conscious of the need to reduce their carbon footprint. By opting for refurbished electronics, consumers contribute to the circular economy by extending the lifespan of electronic devices and minimizing waste.
Despite the numerous opportunities, the refurbished electronics market does face certain challenges. One of the primary restraints is the perception of refurbished products being of lower quality compared to new devices. Overcoming this perception and building trust among consumers is crucial for the sustained growth of the market.
Key Features of the Study:
- This report provides an in-depth analysis of the global refurbished electronics market, including market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), with 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- Key players in the global refurbished electronics market are profiled based on company highlights, product portfolios, key highlights, financial performance, and strategies
- Key companies covered in this study include Apple Inc., Amazon Renewed, Samsung Electronics, Best Buy Co., Inc., Gazelle (a subsidiary of ecoATM Gazelle LLC), Newegg Inc., Decluttr, Back Market, HP Inc., GameStop Corp., Swappa, BuyBackWorld, eBay Inc., Renewgoo, and Music Magpie
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, type upgrades, market expansion, and marketing tactics
- The global refurbished electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global refurbished electronics market
Refurbished Electronics Market Segmentation:
- Refurbished Electronics Market Segmentation, by Product Category:
- Smartphones
- Laptops and Computers
- Tablets and E-readers
- Gaming Consoles
- Wearable Devices
- Audio Equipment (Headphones, Speakers, etc.)
- Cameras and Photography Equipment
- Home Appliances (Refrigerators, Washing Machines, etc.)
- Smart Home Devices
- Refurbished Electronics Market Segmentation, by Consumer Type:
- Individual Consumers
- Enterprises and Businesses
- Educational Institutions
- Government and Public Sector
- Non-profit Organizations
- Refurbished Electronics Market Segmentation, by Distribution Channel:
- Online Retailers and E-commerce Platforms
- Refurbished Electronics Specialty Stores
- Manufacturer's Official Channels
- Brick-and-Mortar Retailers
- Refurbished Electronics Market Segmentation, by End Use:
- Personal Use
- Business Use (Small, Medium, Large Enterprises)
- Education and Research
- Healthcare and Medical Facilities
- Entertainment and Gaming
- Industrial and Commercial Applications
- Refurbished Electronics Market Segmentation, by Price Range:
- Budget Segment
- Mid-range Segment
- Premium Segment
- Refurbished Electronics Market Segmentation, by Technological Generation:
- Current Generation (Latest Models)
- Previous Generations
- Older Generations
- Refurbished Electronics Market Segmentation, by Refurbishment Process:
- Basic Refurbishment (Functional Restoration)
- Advanced Refurbishment (Cosmetic Improvements, Upgrades)
- Manufacturer-Certified Refurbishment
- Refurbished Electronics Market Segmentation, by Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East And Africa
- Top Companies in Refurbished Electronics Market
- Apple Inc.
- Amazon Renewed
- Samsung Electronics
- Best Buy Co., Inc.
- Gazelle (a subsidiary of ecoATM Gazelle LLC)
- Newegg Inc.
- Decluttr
- Back Market
- HP Inc.
- GameStop Corp.
- Swappa
- BuyBackWorld
- eBay Inc.
- Renewgoo
- Music Magpie
Product Code: CMI6166
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Category
- Market Snippet, By Consumer Type
- Market Snippet, By Distribution Channel
- Market Snippet, By End Use
- Market Snippet, By Price Range
- Market Snippet, By Technological Generation
- Market Snippet, By Refurbishment Process
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Environmental Sustainability
- Premium Features at Lower Costs
- Trustworthy Quality
- E-commerce and Online Retail
- Restraints
- Consumer Mistrust and Perception
- Varied Quality and Standards
- Lack of Awareness and Education
- Opportunities
- Premium Refurbished Products
- Innovations in Refurbishment Techniques
- Partnerships with OEMs
- Extended Warranty and Support Services
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Refurbished Electronics Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Refurbished Electronics Market, By Product Category, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Smartphones
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Laptops and Computers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Tablets and E-readers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Gaming Consoles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Wearable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Audio Equipment (Headphones, Speakers, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Cameras and Photography Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Home Appliances (Refrigerators, Washing Machines, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Smart Home Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
6. Refurbished Electronics Market, By Consumer Type, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Individual Consumers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Enterprises and Businesses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Educational Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Government and Public Sector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Non-profit Organizations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
7. Refurbished Electronics Market, By Distribution Channel, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Online Retailers and E-commerce Platforms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Refurbished Electronics Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Manufacturer's Official Channels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Brick-and-Mortar Retailers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
8. Refurbished Electronics Market, By End Use, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Personal Use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Business Use (Small, Medium, Large Enterprises)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Education and Research
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Healthcare and Medical Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Entertainment and Gaming
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Industrial and Commercial Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
9. Refurbished Electronics Market, By Price Range, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Budget Segment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Mid-range Segment
- Premium Segment
10. Refurbished Electronics Market, By Technological Generation, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Current Generation (Latest Models)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
- Previous Generations
- Older Generations
11. Refurbished Electronics Market, By Refurbishment Process, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Basic Refurbishment (Functional Restoration)
- Advanced Refurbishment (Cosmetic Improvements, Upgrades)
- Manufacturer-Certified Refurbishment
12. Refurbished Electronics Market, By Region, 2017-2030, (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 - 2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Category, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Consumer Type, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Price Range, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technological Generation, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Refurbishment Process, 2017-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Billion)
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East And Africa
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
13. Competitive Landscape
- Apple Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Amazon Renewed
- Samsung Electronics
- Best Buy Co., Inc.
- Gazelle (a subsidiary of ecoATM Gazelle LLC)
- Newegg Inc.
- Decluttr
- Back Market
- HP Inc.
- GameStop Corp.
- Swappa
- BuyBackWorld
- eBay Inc.
- Renewgoo
- Music Magpie
- Analyst Views
14. Section
- Research Methodology
- About us
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