The trend of refurbished electronics is witnessing rapid growth in recent years. More and more consumers are opting for pre-owned or refurbished gadgets to save money without compromising on quality. Let's take a deep dive into this rising phenomenon.
What are Refurbished Electronics?
Refurbished Electronics refer to pre-owned electronic devices that have been professionally inspected, repaired, and cleaned to meet certain performance and cosmetic standards before being resold at a discounted price. These could be devices that were returned by customers within the return period due to minor defects or were used as display units in stores.
The refurbishing process involves testing all functionalities, replacing any defective components, cleaning externally and internally, and restoring the product to nearly new working condition. The devices are then checked rigorously against quality parameters before being offered for resale with reliable warranties.
Cost Savings with Refurbished Devices
One of the main attractions of refurbished gadgets is the heavy discounts offered compared to brand new devices. On an average, consumers can save anywhere between 20-50% by opting for refurbished phones, laptops, tablets or other electronics. Some high-end devices that originally retailed for thousands can be purchased for half the price if bought refurbished.
For example, a refurbished iPhone XR that costs $500 new can easily be found for under $350 refurbished. A Lenovo ThinkPad laptop priced at $1000 can be had for only $600 in refurbished condition. These substantial savings make refurbished devices an affordable option for upgrade without burning a hole in the pocket.
Reliability of Refurbished Gadgets
Contrary to popular belief, refurbished electronics these days are just as reliable as new ones. The stringent refurbishing process leaves no room for faults and ensures the device is in near-new working condition. Majority of the internal components are either replaced or thoroughly checked during refurbishment.
Most reputed refurbishers even provide warranty coverage similar to brand new devices. For instance, electronic retailer BackMarket offers 12 months warranty on Apple products like iPhones regardless of their refurbished status. Since refurbishers rigorously control quality, the failure rates of refurbished gadgets are quite low in reality.
Environment-Friendly Alternative
Opting for refurbished electronics is not just about saving money but also contributes to environmental protection. When devices are professionally refurbished and resold instead of ending up in landfills, it reduces electronic waste. Recycling and reusing existing gadgets helps conserve natural resources and energy that would otherwise be spent on manufacturing brand new products from scratch.
Reputable refurbishers follow stringent recycling protocols to safely dispose components that cannot be reused and ensure zero harm to the environment. As per estimates, for every 1 million smartphones collected for refurbishment, 35,000 metric tons of greenhouse gas emissions can potentially be prevented from releasing into the atmosphere.
Availability of Popular Models
Thanks to the rising trend, a wide variety of popular laptops, phones and other electronics in high demand are easily available in refurbished condition across online and brick-and-mortar outlets. Current and mid-generation flagship phones from Apple, Samsung, Google and other premium brands can all be purchased refurbished.
Business-grade laptops from Dell, Lenovo and HP which are highly preferred for work are also commonly found as refurbished inventory. Other common electronics available refurbished include tablets, gaming consoles, desktop PCs, cameras, headphones and more. With their expanding pool of pre-owned stocks, refurbishers are able to cater to diverse consumer preferences.
Reliable Online and Offline Stores
As the matures, quality refurbished products can now be purchased through numerous reliable retail channels both online and offline. Large business-to-consumer outlets like Amazon and eBay have established dedicated refurbished categories managed by authorized seller-refurbishers.
Specialty refurbishers like BackMarket, Swappa, Gazelle, Walmart and BestBuy have their own online stores and mobile apps making comprehensive inventories available with easy delivery options. Local electronics stores in most cities also stock up on professionally refurbished devices along with new products.
Consumers can now conveniently browse through available models to examine device condition photos, read refurbishing details and customer reviews for informed purchase decisions. Secure payment gateways and customer support further add to the shopping confidence.
Refurbished electronics have emerged as a financially prudent and eco-friendly alternative for upgrading gadgets without compromising on quality and performance. With rigorous refurbishing standards and reliable purchase channels, they provide excellent post-warranty options to discerning consumers. As environmental and cost considerations gain traction, the refurbished market is expected to witness continued growth in the coming years.
For more details on the report, Read- https://www.trendingwebwire.com/refurbished-electronics-growth-market-size-share-analysis/
Explore more related trending articles: https://coolbio.org/understanding-shared-services-streamlining-operations-and-reducing-costs/
Stratistics MRC's report on Global Embedded Subscriber Identity Module (e-SIM) Market discusses about driving factors, opportunities, solution, type, application, end user, and upcoming challenges.
Embedded Subscriber Identity Module (e-SIM) is a digital SIM embedded in a mobile device, allowing activation of a cellular plan without using a physical SIM card.
Embedded SIM card stores all the necessary information to authenticate and identify a mobile subscriber and allows users to save one or more operator profiles on a single device and switch between them remotely.
eSIM card can also be used for machine to machine communication including connected cars and the Internet of things (IoT) for industrial applications.
View complete Embedded Subscriber Identity Module (e-SIM) Market with Table of Content @ https://www.strategymrc.com/report/embedded-subscriber-identity-module-e-sim-market/toc By geography, North America is going to have high growth during the forecast period due to technological advances, early migration to eSIM, the early adoption of advanced IoT and artificial intelligence (AI) technologies and the presence of many eSIM network service providers.
Request a Sample of Embedded Subscriber Identity Module (e-SIM) Market research @ https://www.strategymrc.com/report/embedded-subscriber-identity-module-e-sim-market/request-sample Some of the key players profiled in the Embedded Subscriber Identity Module (e-SIM) Market include Vodafone Group Plc., Telefónica SA, Stmicroelectronics, Singtel Optus Pty., Ltd., Singapore Telecommunications Limited, Sierra Wireless,Inc., Samsung Electronics, NXP Semiconductors N.V., NTT Docomo Inc., KORE Wireless Group Inc., Infineon Technologies AG, Giesecke+Devrient Mobile Security GmbH, Gemalto NV, Deutsche Telekom AG and ARM Holdings.
Stratistics MRC's Global Quantum Dots Market Key players analysis - NN-Labs, VIZIO, TCL, Samsung Electronics, Ocean NanoTech, OSRAM Licht, Hisense, Fraunhofer IAP, Crystalplex Corporation, and Nanoco Group.
Quantum dot is tiny nanocrystals of a small semiconductor in crystal format that is used in business verticals that use display and monitor devices and many other types of equipment.
The light that these dots emit completely depends on the size of the dots.
This type of technology is used in various LCDs and smartphone screens.
View complete Quantum Dots Market with Table of Content @ https://www.strategymrc.com/report/quantum-dots-market/toc By geography, Asia Pacific is going to have high growth during the forecast period due to the inclination of consumers toward the adoption of technologically advanced products, and the involvement of various universities and organizations in R of the QD technology.
Request a Sample of Quantum Dots Market research @ https://www.strategymrc.com/report/quantum-dots-market/request-sample Some of the key players profiled in the Quantum Dots Market include NN-Labs, VIZIO, UbiQD, TCL, Samsung Electronics, RANOVUS, QUANTUM SOLUTIONS, Navillum Nanotechnologies, Ocean NanoTech, QD Lasers, Nanosys, Quantum Materials, NanoPhotonica, OSRAM Licht, Innolume, Hisense, Fraunhofer IAP, Crystalplex Corporation, Avantama and Nanoco Group.
