The refurbished IT market value will significantly increase as a result of the growing demand for low-cost devices and the surge of electronic waste. Growth in the micro, small and medium enterprises sector is also boosting demand for refurbished laptops and computers.

According to the market report, by Transparency Market Research, the global refurbished computers and laptops market is projected to reach a value of over 4.9 billion dollar by 2027 and is expected to expand at a CAGR of 11% between 2019 and 2027. This significant growth can be attributed to the increase in e-waste dumping and the growing demand for affordable laptops and PCs. In Europe, the market for refurbished IT is forecasted to grow at a CAGR of 12%. Moreover, Europe is expected to hold a leading share of the global refurbished computers and laptops market, followed by Asia Pacific. The laptops segment of this market is valued at 922 million dollar in 2017 and is expected to reach a staggering 3.1 billion dollar by 2027; expanding at a CAGR of 13.6%.

Increase in e-waste dumping and growing demand for affordable IT devices

According to the International Solid Waste Association (ISWA), every year approximately 44.7 metric tons of e-waste is generated, whereas only 20% can be reused or recycled based on its condition. At the same time, this enormous increase of e-waste offers significant opportunities for refurbishing. Refurbished computers and laptops are used devices that have undergone repairs to return them to their pre-existing operational state. Refurbished laptop and PCs usually are more affordable than new models, making them a popular choice for buyers on a tight budget. Moreover, if a warranty or guarantee is included, customers are provided with additional assurance. Especially students and young professionals are looking for affordable gaming laptops and low-cost, high-performance laptops that meet their daily work requirements. In the upcoming years, this is expected to spur the growth of the refurbished IT market, whereas the surge in adoption of hybrid work models and e-learning is also boosting demand for refurbished computers and laptops.

Students and young professionals are expected to spur the growth of the refurbished IT market in the upcoming years

Growth SMEs and rising demand IT sector fuel market expansion

Startups and small and medium-sized enterprises (SMEs) around the world are increasingly using refurbished devices to conduct their business operations. Hence, expansion in the SME sector is fuelling refurbished computers and laptops progress. According to the study, they are in high demand in ITES (Information Technology Enabled Services) and IT organizations. Several new BPOs and call centres that are unable to afford new computers and laptops, prefer second-hand devices for their operations. Expansion of the IT and contact centre industry in Asia Pacific and Europe therefore offers many opportunities for PC makers and refurbishers.

Europe is expected to dominate

In the study the global refurbished computers and laptops market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to dominate the refurbished computers and laptops market during the forecast period. The refurbished computers and laptops market in Asia Pacific, North America, and South America is forecasted to expand at a significant rate.

Key players profiled in the report, include ASUSTeK Computer Inc., Reboot Systems, Dell Technologies Inc., Apple Inc., IBM Corporation, Samsung Electronics Co., Ltd., Amazon.com, Inc., HP INC., Acer Inc., and Lenovo.