A recent report published by Infinium Global Research on refurbished computers and laptops market provides in-depth analysis of segments and sub-segments in the global as well as regional refurbished computers and laptops market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional refurbished computers and laptops market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global refurbished computers and laptops market. According to the report, the global refurbished computers and laptops market is projected to grow at a CAGR of 11.2% over the forecast period of 2019-2025.
Refurbished computers and laptops are characterized as used computers and laptops, which are being repaired by manufacturers or by authorized third parties. After proper repairing and testing, the refurbished or repaired product is being pushed back to the supply chain and these products are the better substitute product to reduce e-waste and to promote reusability of the product. Furthermore, customers are adopting cost-efficient methods to buy computers and laptops which is propelling the market growth.
An increase in e-waste dumping and mounting demand for affordable laptops and personal computers are coupled together to augment the demand for refurbished computer and laptops market during the prediction period. Furthermore, the company owned refurbished laptops and computers are backed by warranties, which are attracting customers to use the low-cost product deprived of compromising on standard working quality. This is projected to be a fundamental factor in piloting the growth of the refurbished laptops and the computer market internationally. On the other hand, less consumer awareness about refurbished goods and restricted supply chain of the required products are the major factors confining the growth of the refurbished computers and laptops market during the forecast timeframe.
Additionally, the current concern over the spread of coronavirus is also expected to have a positive impact on the refurbished computers and laptops market. The electronics devices market including consumer electronics and industrial electronics devices are anticipated to be impacted significantly by COVID-19 outbreak as several countries have enforced lockdown. The electronic industry is on the brink of facing a reduction in production, disruption in supply, and price instabilities. While this can immensely encourage local vendors to step up and address the rising demand. The sales of prominent electronic companies are projected to be affected in the near future.
Among the geographies, North America region is
expected to hold the largest share in the global refurbished computers and
laptops market owing to the increase in government regulation on reducing e-waste,
pertaining to which, major key players, for instance, Apple Inc., is promoting
the sale of refurbished goods to push old and second-hand products, back to
supply chain. This will also support reducing e-waste and further help the
company to seek business opportunities from old and second-hand products.
Furthermore, the Asia Pacific region is anticipated to grow at the fastest CAGR
for the refurbished computer and laptops market. With an upsurge in the number
of a new start-up company and encouraging demand for used and refurbished
products such as Laptops and personal computers by low funded start-up
companies are the major fundamental factors which are propelling the growth in
the Asia Pacific region.
The report on global refurbished computers and laptops market covers segments such as type, distribution channel, and end user. On the basis of type, the sub-markets include computers, and laptops. On the basis of distribution channel, the sub-markets include distributors, OEMs, and online. On the basis of end user, the sub-markets include enterprises, government, educational institute, and personal.
The report provides profiles of the companies in the market such as Apple Inc., International Business Machine Corporation, HP Development Company L.P., Dell Inc., ASUSTeK Computers Inc., Amazon.com, Inc., Reboot Systems India Private Limited, Samsung Electronics Co. Ltd., Lenovo Group Ltd., Acer Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of refurbished computers and laptops market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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