Industry Background:
Refurbished products refer to the products which have been previously returned to the manufacturers for some reason and then the manufacturer repairs them and sells them for a discounted price. Refurbished Computer and Laptops are significantly cheaper than their new versions. That makes them really attractive for customers on a tight budget. Refurbished Computer and Laptops offer identical functionality to the new computer and laptops but have the risk of further defects. With the increasing need for computers and laptops for various reasons; the demand for refurbished computers and laptops is also increasing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Apple (United States), Asus (Taiwan), Dell (United States), Microsoft (United States), HP (United States), Acer (United States), Lenovo (China), Amazon (United States), LG (South Korea) and Overcart (India) |
This growth is primarily driven by Cost-Effectiveness of Refurbished Computer And Laptops and Growing Need for Computers and Laptops in Various Fields.
Globally, a noticeable market trend is evident Introduction Of 6 Months or More Warranty on Refurbished Computer And Laptops Major Vendors, such as Apple (United States), Asus (Taiwan), Dell (United States), Microsoft (United States), HP (United States), Acer (United States), Lenovo (China), Amazon (United States), LG (South Korea) and Overcart (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Every major manufacturer of computers and laptops operates in this market. However, there is a rise in the number of start-ups that are solely focused on Refurbished Computer and Laptops. These new start-ups work as service providers as they repair devices and sell them. The Asia Pacific is the biggest consumer of Refurbished Computers and Laptops. As the trend of work from catches pace, the demand for Refurbished Computer and Laptops is set to increase drastically.
Key Developments in the Market:
In Feb 2020, PreLoved Device has announced the cash and stock acquisition of Overcart, India's First Marketplace for Refurbished Products. After this purchase, Overcart will run under the PreLoved Device brand, which is backed by JSW Ventures, Omidyar Network, Sattva Capital, and Venture Works. PreLoved Device hopes to improve its role in the second-hand and refurbished products market with this purchase.
Influencing Trend:
Introduction Of 6 Months or More Warranty on Refurbished Computer And Laptops
Market Growth Drivers:
Cost-Effectiveness of Refurbished Computer And Laptops and Growing Need for Computers and Laptops in Various Fields
Challenges:
Negative Public Perception About the Refurbished Computer And Laptops and Lack of Awareness About Refurbished Computer And Laptops
Restraints:
Risk of Further Defects Associated with Refurbished Computer And Laptops
Opportunities:
Work from Home Will Boost the Demand for Refurbished Computer And Laptops and Growing Demand of Refurbished Computer And Laptops From Low-Income Countries Like India And Bangladesh
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Refurbished Computer And Laptops Market
- Analysis about New Entrants in Refurbished Computer And Laptops Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Refurbished Computer And Laptops Study Sheds Light on
The Refurbished Computer And Laptops Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Refurbished Computer And Laptops industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Refurbished Computer And Laptops industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.