Global Certified and Seller Refurbished Electronics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Certified and Seller Refurbished Electronics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Certified and Seller Refurbished Electronics are electronic devices that have been returned to the manufacturer or supplier for various reasons. These reasons may include customer dissatisfaction. These products are tested and certified to be free from defects before being re-launched on the market. Certified and Seller Refurbished electronics have been meticulously refurbished, restored, and inspected by the manufacturer or an authorized reseller to a pristine like-new, and fully functional condition.

Market Overview:

The latest research study on the global Certified and Seller Refurbished Electronics market finds that the global Certified and Seller Refurbished Electronics market reached a value of USD 13368.0 million in 2022. It’s expected that the market will achieve USD 20359.0 million by 2028, exhibiting a CAGR of 7.26% during the forecast period.

Rising Environmental Awareness Boosts Certified and Seller Refurbished Electronics Market

In the global market, the production and disposal of electronic products have a negative impact on the environment. On the one hand, the electronics people use require materials such as gold, silver, silicon, lithium, and many more metals and rare earth elements, all of which need to be mined from the earth. Some of these materials are in short supply, such as cobalt (used in lithium batteries), and the mining of these materials has a huge negative impact on the environment. At the same time, the manufacturing process of electronic products also emits a large amount of pollutants into the air and water, which leads to soil and water pollution. On the other hand, e-waste is one of the growing problems worldwide. Electronic products contain large quantities of hazardous substances, and the consequences of improper disposal of electronic waste in landfills or other non-dumping sites pose a serious threat to public health today. When electronics are disposed of improperly and end up in landfills, they release toxic chemicals that affect the planet's air, soil, water and ultimately human health.
The Certified and Seller Refurbished Electronics industry contributes to the reduction of e-waste; at the same time, Certified and Seller Refurbished Electronics uses already manufactured components, thereby reducing the need for additional core minerals and various raw material resources such as plastics. This has a better protective effect on the environment.
Therefore, in the global market, with the increasing awareness of environmental protection, the concept of sustainable development and environmental protection has promoted the continuous development of the Certified and Seller Refurbished Electronics industry.

Region Overview:

In 2022, the share of the Certified and Seller Refurbished Electronics market in Europe stood at 29.34%.

Company Overview:

Best buy is one of the major players operating in the Certified and Seller Refurbished Electronics market, holding a share of 17.13% in 2023.

Best Buy is a consumer electronics retailer with operations in the United States, Mexico, and Canada. The company sells a wide variety of goods in its brick-and-mortar stores and online, including mobile phones, digital cameras, video games and music, as well as home appliances such as washing machines and refrigerators.

Amazon is an American multinational technology company focused on e-commerce, cloud computing, online advertising, digital streaming and artificial intelligence. The products offered by the company include Electronics, among others.

CeX is a UK second hand retail store specializing in technology, computing, video games, DVDs and technical repairs. It also sells new products.

Segmentation Overview:

By type, Online Shop segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Individual Consumer, with a market share of 80.44% in 2022.

Key Companies in the global Certified and Seller Refurbished Electronics market covered in Chapter 3:

Mac Of All Trades
NewEgg
CeX
JemJem
Back Market
Walmart
Refurb.Me
Amazon
TechForLess
Best buy
Gazelle
Refurb.IO

In Chapter 4 and Chapter 14.2, on the basis of types, the Certified and Seller Refurbished Electronics market from 2018 to 2029 is primarily split into:

Physical Store
Online Shop

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Certified and Seller Refurbished Electronics market from 2018 to 2029 covers:

Individual Consumer
Group

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)