According to a new market report pertaining to the global refurbished computers and laptops market published by Transparency Market Research the global refurbished computers and laptops market is projected to reach a value of ~US$ 4.9 Bn by 2027. The refurbished computers and laptops market is projected to expand at a CAGR of ~11% from 2019 to 2027. Growth of the market can be attributed to the increase in e-waste dumping and growing demand for affordable laptops and PCs. The refurbished computers and laptops market in Europe is anticipated to grow at a CAGR of ~12% during the forecast period. Moreover, Europe is expected to hold a leading share of the global refurbished computers and laptops market, followed by Asia Pacific. In terms of type, the laptop segment of the refurbished computers and laptops market was valued at ~US$ 922 Mn in 2017 and is expected to reach ~US$ 3.1 Bn by 2027, expanding at a CAGR of 13.6% during the forecast period.
- Increase in e-waste dumping and growing demand for affordable laptops and PCs According to the International Solid Waste Association (ISWA), every year, approximately 44.7 metric tons of e-waste is generated. Among the total e-waste, only 20% can be reused or recycled based on their condition. Increase in e-waste generated by the IT sector offers significant opportunities for refurbishing. IT companies are expected to submit their e-waste to OEMs for recycling or for refurbishment for internal office use.
- Rise in demand for refurbished devices from ITES and IT sectors
Increase in the number of BPOs and call centers have a positive impact on the PC business. ITES and IT companies require a large number of computers and laptops. Several new BPO and call center startups are unable to afford new computer systems; these companies prefer refurbished devices as a cost-effective solution. Expansion of the IT and contact center industry in Asia Pacific and Europe offers significant opportunities for PC makers and refurbishers. Refurbished systems are available at a low cost. Moreover, OEMs offer extended warranty on devices and components.