Refurbished Computer and Laptops are categorized as used computer and laptops, which are being repaired by manufacturers or by authorized third party, after proper repairing and testing, the refurbished product is being pushed back to the supply chain, Refurbished products are the better alternative to reduce e-waste and to promote reusability of the product.
Refurbished Computer and Laptops Market: Drivers and Restraints
Increase in e-waste dumping and growing demand for affordable laptop and P.C are coupled together to spur the demand for refurbished computer and laptops market during the forecast period.
In addition, the company owned refurbished laptops and computers are backed by warranty, which are attracting consumers to use the low-cost product without compromising on standard working quality. This is anticipated to be a crucial factor piloting the growth of the refurbished laptops and computers market globally.
On the other hand, less consumer awareness about refurbished goods and limited supply chain of the required products are the major factor restraining the growth of the Refurbished Computer and Laptops market in the forthcoming year.
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Global Refurbished Computer and Laptops Market: Market Segmentation
Global Refurbished Computer and Laptops Market can be divided into three segments, on the basis of Type, End User Application, and Region.
Segmentation on the basis of the type for Refurbished Computer and Laptops Market as:-
The major segments of Refurbished Computer and Laptops market on the basis of the type include
- Company Owned Refurbished Computer and Laptops
- Consumer Owned Refurbished Computer and Laptops
Segmentation on the basis of the end user application for Refurbished Computer and Laptops Market as:-
The major segments of Refurbished Computer and Laptops market on the basis of the End-user Application include
- Corporate Offices
- Schools and Colleges
- Government Offices
- Low Funded Organization
Global Refurbished Computer and Laptops Market: Regional Trend
Asia Pacific is expected to grow at the fastest CAGR for the refurbished computer and laptops market. With increase in the number of new start-up company and spurring demand for used and refurbished products such as Laptops and P.C by low funded start-up companies is the major factor propelling the growth in the respective region.
North America and Europe are anticipated to capture maximum market share with respect to revenue for refurbished computer and laptops market, owing to increase in government regulation on reducing e-waste, pertaining to which, major players such as Apple Inc., is promoting the sale of refurbished goods to push old and used products, back to supply chain. This will also help in reducing e-waste and further assist company to seek business opportunities from old and used products.
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Global Refurbished Computer and Laptops Market: Competitive Landscape
The major player operating in refurbished computer and laptops market include Apple Inc., HP Development Company, L.P., Overcart, Reboot, Dell, Acer Inc., Lenovo Group Limited, ASUSTeK Computer Inc., Amazon.com, Inc. and Samsung Electronics Co. Ltd.
In emerging economies such as India, new start-ups such as Reboot and Overcart are expanding with rapid pace to capture untapped growth opportunities related to refurbished computer and Laptops.
- In August 2015, Reboot opened its first Reboot Infinite Store in Lucknow, India to expand its refurbished product business. The objective of the expansion is to cater better product & services to their customers through offline stores.