Refurbished electronics refer to products that have been processed and have a nearly brand new appearance. The main types of refurbished electronics include: old electronic products with problematic circuit boards, which are repackaged and sold after repair or component assembly; The shell of a normal old electronic product is sold as new after being processed or replaced; Electronic products from informal channels are sold as new after being refreshed and repackaged through software.
Overview of Market Development
The global refurbished electronics market is steadily developing, demonstrating strong growth potential. The main driving factors of the market include the increase in the amount of electronic waste dumped, the growing demand for affordable electronic products, and the environmental and cost advantages of refurbished electronics. However, factors such as uneven quality of refurbished products in the market and insufficient consumer awareness of refurbished goods remain obstacles to market development.
According to our research data, the estimated global refurbished electronics market size in 2024 is $25.32 billion, an increase of 4.25% compared to 2023. In the future, with the continuous advancement of technology and the increasing awareness of environmental protection and conservation among consumers, the market is expected to further expand. It is expected that by 2029, the global refurbished electronics market size will increase to $30.89 billion. The CAGR for 2024-2029 is estimated to be 4.06%.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global refurbished electronics market is moderate. According to our data, the total revenue share of the refurbished electronics market for the top 3 companies in 2023 was 45.09%. The top three companies were Apple, Samsung Electronics Corporation, and Lenovo Group Limited. In 2023, these three companies' revenue of refurbished electronics accounted for 23.96%, 12.32%, and 7.81% of the global market, respectively.
Global Refurbished Electronics Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, the mainstream products in the refurbished electronics market include mobile phones, computers, headphones, game consoles and accessories. Among them, mobile phones hold the highest market share, estimated at 53.98% in 2024.
From a regional perspective, the global refurbished electronics market is mainly concentrated in the three major regions of North America, Europe, and Asia Pacific. The total revenue of refurbished electronics in these three regions accounts for over 90% of the global total revenue. Among them, the Asia Pacific region is the largest revenue market. According to our data, the estimated revenue of refurbished electronics market in the Asia Pacific region in 2024 is $10.38 billion, and the market share is expected to reach 40.99%.
Global Refurbished Electronics Segment Market Revenue and Market Share Forecast in 2024
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Market Revenue (Billion USD)
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Market Share
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Segmented by Type
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Mobile Phones,
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13.67
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53.98%
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Computers,
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7.72
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30.50%
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Headphones,
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0.36
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1.40%
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Game Consoles And Accessories
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0.65
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2.55
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Others
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2.83
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11.57%
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Segmented by Region
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North America
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8.62
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34.04%
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Europe
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4.69
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18.51%
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Asia Pacific
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10.38
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40.99%
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South America
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0.91
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3.58%
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Middle East & Africa
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0.73
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2.87%
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Source: www.globalmarketmonitor.com
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