Global refurbished electronics market set to grow to USD 123.71 billion by 2033

From GlobeNewswire: 2024-08-07 20:00:00

The Global Refurbished Electronics Market is set to grow from USD 47.57 billion in 2023 to USD 123.71 billion by 2033, with a CAGR of 10.03%. Refurbished electronics are repaired and resold at a lower price, appealing to environmentally conscious consumers. India discarded 3 million tons of e-waste in 2020, prompting a shift towards refurbished electronics. North America leads the market with its well-developed e-commerce infrastructure and consumer awareness. Asia Pacific is poised for rapid growth due to its significant manufacturing capacity and populous demographics. Europe’s refurbished electronics industry is expanding, fueled by stringent legislation promoting sustainability. Major vendors in the market include Apple, Samsung, and Amazon Renewed. HP Inc. recently announced a refurbished laptop venture in India. The market is segmented by product, distribution channel, and end-user, with detailed regional analysis.



Read more at GlobeNewswire: Global Refurbished Electronics Market Size To Worth USD