Refurbished computers and laptops to drive market growth

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 $4.9 billion by 2027.

The refurbished computers and laptops market is projected to expand at a CAGR of 11% from 2019 to 2027. This growth can be attributed to the increase in e-waste dumping and growing demand for affordable laptops and PCs.

Based on type, the refurbished computers and laptops market has been bifurcated into computers and laptops, where the computers segment has been sub-segmented into PCs and workstations. Based on distribution channel, the refurbished computers and laptops market has been segmented into OEMs, distributors, and online. In terms of end user, the refurbished computers and laptops market can be segmented into enterprise (SME and large enterprise), educational institute, government, and personal.

Europe is expected to hold a leading share of the global refurbished computers and laptops market, followed by Asia Pacific. The refurbished computers and laptops market in Europe is anticipated to grow at a CAGR of 12% during the forecast period.

In terms of type, the laptop segment of the refurbished computers and laptops market was valued at $922 million in 2017 and is expected to reach $3.1 billion by 2027, expanding at a CAGR of 13.6% during the forecast period.

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