The refurbished electronics market is experiencing significant growth as consumers increasingly opt for affordable, high-quality alternatives to new devices. According to a report by Market Research Future, the global market was valued at approximately €115.4 billion in 2024 and is projected to reach around € 399 billion by 2034, with a consistent compound annual growth rate (CAGR) of 13.2%.
However, recent tariff developments raise important questions about the market’s future. With a 104% tariff now imposed on products imported from China, uncertainty looms over how this will affect global secondary electronics trade. Will these added costs hinder growth, or will the market adapt and find ways to stay resilient? The coming years will reveal the true impact.
Rising demand fuels market momentum
Driven by affordability and a growing interest in sustainability, the refurbished electronics sector is becoming a mainstream choice. Consumers are drawn to premium products like the Apple iPhone and Samsung Galaxy at reduced prices, without sacrificing quality or performance.
Affordability meets consumer expectations
For many individuals, refurbished electronics offer a gateway to owning high-end devices at a fraction of the original cost. This is particularly evident in segments such as smartphones, laptops, and tablets, which dominate sales globally.
Sustainability shapes buying behaviour
With mounting concern over e-waste, consumers are opting for greener choices. Refurbished devices align perfectly with circular economy principles, giving products a second life and reducing environmental impact.
Confidence boosted through quality assurance
The market has evolved from selling “used” items to offering fully tested, certified, and warrantied products. This shift in quality standards has significantly boosted buyer trust.
Tech advancements expand device availability
Rapid release cycles for new devices result in a steady supply of lightly used electronics. This makes it easier for refurbishers to deliver newer-generation products more quickly than ever.
Global companies drive market structure
Major players such as Apple Inc., Amazon Renewed, Dell Outlet, and Back Market are shaping the refurbished landscape. Both online and offline channels are contributing to widespread market access.
Diverse buyers drive global growth
While individual consumers make up the largest customer base, enterprises and educational institutions are increasingly turning to refurbished IT solutions. Europe, Asia-Pacific, and North America are leading the charge, with emerging markets following close behind.
Market
Trade-in
Repair
Refurbishing
