Refurbished Appliance Market size was over USD 53.5 billion in 2024 and is estimated to reach USD 177.3 billion by the end of 2037, expanding at a CAGR of 10.5% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of refurbished appliance is evaluated at USD 59.1 billion.
Growing awareness of e-waste reduction and sustainable living is a significant driver of this industry. According to a WHO report published in October 2024, the e-waste became one of the fastest-growing solid waste streams worldwide in 2022, accounting to be around 62 million tons. This has increased the consciousness of consumers and businesses about their environmental impact, surging the demand for eco-friendly solutions.
Refurbished appliances play a crucial role in promoting the circular economy by extending product lifecycles, reducing resource extraction, and minimizing landfill contributions. These appliances appeal to eco-conscious buyers who prioritize sustainability without compromising functionality or affordability. Organizations are also adopting refurbished goods to align with corporate sustainability goals. This shift reflects a broader societal commitment to reducing waste and fostering a more sustainable future.
Additionally, the refurbished appliances offer substantial savings compared to purchasing new products, making them highly attractive to budget-conscious consumers seeking cost-effective solutions without sacrificing quality. These appliances provide a practical option for households and businesses aiming to manage expenses efficiently. In times of economic uncertainties and rising inflation, the appeal of affordable yet reliable alternatives grows even stronger. Refurbished goods not only address financial constraints but also deliver value, driving demand among diverse consumer groups looking for economical yet high-performing options.
Growth Drivers
Challenge
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.5% |
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Base Year Market Size (2024) |
USD 53.5 billion |
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Forecast Year Market Size (2037) |
USD 177.3 billion |
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Regional Scope |
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Price Range (Budget, Mid-range, Premium)
By price range, the budget segment is anticipated to hold over 40.5% refurbished appliance market share by the end of 2037. The segment’s growth is attributed to increasing consumer demand for affordable, sustainable options. As per Research Nester analysis, over four out of five customers are willing to pay more for sustainability. Rising awareness of environmental benefits, such as reduced e-waste, aligns with budget-conscious buyers seeking cost-effective alternatives to new appliances. Technological advancements in refurbishing processes ensure reliable performance, enhancing consumer trust in budget-friendly offerings. Additionally, expanded online marketplaces and warranty options make these appliances more accessible, fueling their popularity among price-sensitive demographics globally.
Product Category (Smartphones, Laptops, and Computers, Tablets, and E-readers, Gaming Consoles, Wearable Devices, Audio Equipment, Cameras, and Photography Equipment, Home Appliances, Smart Home Devices)
Laptops and computers are projected to hold lucrative refurbished appliance market share in the product category segment over the forecast period. The segment is growing due to increasing demand for affordable technology in a digital-first world. Refurbished devices offer cost-effective solutions for students, freelancers, and businesses needing reliable performance without paying the high price of new models. The rise of remote work, online education, and e-commerce has driven this trend further. Improved refurbishment techniques ensure quality and extend device lifespans, boosting consumer confidence. Additionally, growing awareness of e-waste reduction and sustainability encourages buyers to opt for refurbished electronics. Expanded availability through online platforms and flexible warranty options also support the segment’s rapid growth.
Our in-depth analysis of the global refurbished appliance market includes the following segments:
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Price Range |
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Product Category |
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Consumer Type |
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Technological Generation |
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Refurbishment Process |
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Distribution Channel |
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End use |
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North America Market Statistics
North America refurbished appliance market is poised to hold revenue share of over 35.5% by the end of 2037. Growing awareness about environmental sustainability drives the demand for refurbished appliances in this region. Consumers are recognizing the importance of reducing e-waste and embracing circular economy principles, making refurbished products a preferred choice. Business across North America are increasingly adopting sustainable practices, including the use of refurbished appliances. This trend aligns with corporate social responsibility (CSR) goals and reduces operational costs, driving demand in the B2B segment.
Many U.S. businesses are integrating sustainable practices, including purchasing refurbished appliances to reduce costs and minimize environmental impact. Businesses in the United States invested over $100 billion in the production of reconditioned products in 2023, up from $37.3 billion in 2009. A few variables, the majority of which are related to sustainability, are driving this rise. Refurbished products require, on average, 60% less material and 70% less energy to produce than new ones, which results in 80% lower carbon emissions. This trend supports demand in the commercial and institutional sectors. Enhanced refurbishment techniques, such as thorough testing, reconditioning, and quality assurance, ensure that refurbished appliances perform reliably. These advancements have increased consumer confidence in the durability and performance of refurbished products, driving demand.
Canada’s government promotes sustainable practices, including recycling and the reuse of materials, through incentives and programs. For instance, the Federal Sustainable Development Strategy (FSDS) and Greening Government Strategy of Canada aims to set an example to promote sustainability by removing unnecessary plastic use, especially single-use plastics, and diverting at least 75% of plastic waste by weight from landfills by 2030. These initiatives encourage businesses to refurbish and resell appliances, creating a supportive environment for refurbished appliance market growth. Advances in refurbishing processes, such as enhanced testing and reconditioning techniques, ensure that refurbished appliances are reliable and efficient. This reduces the stigma associated with second-hand goods and increases.
Europe Market Analysis
The refurbished appliance market in Europe is set to attain a significant revenue share over the forecast period. EU regulations, such as the Waste Electrical and Electronic Equipment (WEEE) Directive, encourage recycling and reuse. These policies promote the adoption of refurbished appliances by creating a favorable environment for businesses and consumers. High living costs have increased demand for affordable alternatives to new appliances. Refurbished products offer significant savings, appealing to budget-conscious households and small businesses across Europe.
Germany is at the forefront of circular economy initiatives, which emphasize reuse and recycling. One of those strategy goals includes cutting the yearly per capita raw material uses from 15 tons to 8 tons by 2045. These efforts are fostering partnerships between manufacturers and refurbishing companies, creating a more structured and robust refurbished appliance market for refurbished appliances. Moreover, online platforms specializing in refurbished products are expanding in Germany, making it easier for consumers to access a wide range of affordable and reliable appliances. Detailed product descriptions, warranty options, and flexible payment plans further enhance market growth.
With the rising focus on sustainability, France is at the forefront of sustainability efforts in Europe, with consumers increasingly opting for eco-friendly alternatives. In 2022, 91% of France consumers will rank sustainability as a top consideration when making purchases. Refurbished appliances reduce e-waste and promote the circular economy, aligning with the country’s green goals and driving market growth. Enhanced refurbishing techniques ensure that appliances meet high-performance standards, reducing the stigma once associated with second-hand goods and further driving refurbished appliance market adoption.
Leading companies in the refurbished appliance market are driving innovation through advanced refurbishment technologies and expanded customer assurance programs. They leverage AI and machine learning for quality testing, ensuring reliable performance. For instance, every Apple Certified Refurbished product has a one-year warranty, complete functional testing, and savings of up to 15%. Additionally, E-commerce platforms are central to their strategies, offering detailed product certifications, warranties, and competitive pricing to build consumer trust. partnerships with manufacturers for authorized refurbishing and initiatives to promote sustainability are reshaping refurbished appliance market dynamics and accelerating global adoption.
Author Credits: Parul Atri
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