Refurbished Appliance Market Size

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.