Refurbished Computer and Laptops Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Global Refurbished Computer and Laptops Market: Overview
The global refurbished computer and laptops market is all set to register high growth trajectory during the forecast period of 2019 to 2029. This growth is attributed to increased use of refurbished computer and laptops owing to growing awareness about e-waste. In addition to this, the major worldwide population is inclined toward using refurbished computer and laptops because of their cost-effectiveness. Refurbished computer and laptops are used computer and laptops. These devices are being revamped by companies or by official third parties. Then, these refurbished products are taken to market for sale.
The segmentation of the global refurbished computer and laptops market is performed on the basis of type, end user, distribution channel, and region. Based on type, the market for refurbished computers and laptops is divided into laptops [notebooks and ultrabooks] and computers [PCs and workstations].
Global Refurbished Computer and Laptops Market: Growth Dynamics
The global refurbished computer and laptops market is growing on the back of plethora of reasons. One of the key reasons driving the market growth is emergence of recommerce platforms. Apart from this, the market is witnessing remarkable sales avenues from the information and communication technology departments of many businesses. The companies working in this sector frequently face issues related to limited budgets. As a result, they are more inclined toward purchasing refurbished equipment and computer peripherals. This factor fuels the growth of the global refurbished computer and laptops market.
The global refurbished computer and laptops market is expected to gain lucrative avenues during the upcoming period in the developing countries such as India. One of the key reasons attributed to this growth is growing initiatives by government bodies in these countries to advance digitization in rural areas.
Global Refurbished Computer and Laptops Market: Competitive Analysis
The refurbished computer and laptops market is highly fragmented in nature. Presence of many well-established players denotes that the competitive landscape of the market for refurbished computer and laptops is extremely intense. To sustain in this competition, vendors are using different strategies such as joint ventures, mergers, acquisitions, and product launches. Apart from this, several vendors are focused on providing their products at cheaper rates.
Many enterprises working in the global refurbished computer and laptops market are growing investments in research activities. Key motive of this move is to advance the quality of products they offer. Apart from this, several companies are growing their regional presence. All these moves highlight that the global refurbished computer and laptops market is expanding at exceptional rate.
The list of important players in the global refurbished computer and laptops market includes:
Global Refurbished Computer and Laptops Market: Regional Assessment
The global refurbished computer and laptops market is spread across five key regions, namely, Latin America, North America, Asia Pacific, Europe, and Middle East and Africa. Of them, Asia Pacific is one of the lucrative regions in the market for refurbished computer and laptops. Main reason for this growth is increased support by government bodies from this region. For instance, the Government of India recently granted approval for the import of second-hand electronics. This move is expected to fuel the growth of the refurbished computer and laptops market in Asia Pacific in the upcoming period.
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