North America Refurbished Retail Market Report and Forecast 2024-2032

North America Refurbished Retail Market Outlook

The market size for refurbished retail in North America reached a value of more than USD 15.88 billion in 2023. The North America refurbished retail market is expected to grow at a CAGR of 12.6% between 2024 and 2032, reaching a value of USD 32.29 billion by 2032.

Key Trends in the Market

Refurbished retail is the sale of used, returned, or old electronics or appliances that are repaired and restored to the original condition in terms of appearance and performance. They are carefully tested for quality as well as function and, parts are repaired or replaced if needed. Any older data from previous users is deleted, devices are cleaned, and software updated to latest versions.

• Improved accessibility and visibility of the refurbished retail market, particularly through online channels is increasing the confidence of consumers to experiment with refurbished items rather than buying new.

• The rise in affordability and awareness about refurbished devices or electronics is expected to drive the North America refurbished retail market demand. This is due to the growing urban population and rising awareness among consumers about the affordability and quality of refurbished products.

• The surging environmental concerns owing to huge e-waste generation along with the rising shift of countries towards a circular economy to alleviate the environmental impact of e-waste is expected to propel the market growth across the region.

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Market Analysis

Based on type, the North America refurbished retail market can be segmented into certified refurbished, and seller refurbished, among others. On the basis of certified product categories, the market is categorised into mobile phones, mobile accessories, computers and laptops, tablets, portable and home audio, TV video, smart watches and fitness trackers, vehicle electronics (audio, video, GPS navigation, and trackers), kitchen appliances, vacuum cleaners, lawn mowers, and accessories, networking and gaming, VR, video game consoles, outdoor power equipment and tools, health and beauty (hair care and other styling products), air movement, and smart home, among others. 

By seller product categories, the market is classified into mobile phones, mobile accessories, computers and laptops, camera and lenses, tablets, smart watches, outdoor power equipment and tools, kitchen appliances, vacuum cleaners, networking and gaming, VR, and video game console, among others. Based on country, the market can be divided into the United States and Canada. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America refurbished retail market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Amazon.com, Inc

• Walmart, Inc.

• Target Corporation

• Back Market Inc.

• Ecoatm, LLC

• eBay, Inc.

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Market Share by Certified Product Categories

The mobile phone segment is expected to gain momentum in the refurbished retail market across the region on account of the increasing usage of mobile phones. The rising shift of consumers toward smart devices is likely to fuel the segment growth in the market. With the rising costs of smartphones, and relatively fewer changes between models, there is greater demand for refurbished mobile phones that offer similar features. 

Another sizable segment in the North America refurbished retail market is for outdoor power equipment and tools, that tend to be expensive when purchased new and have a long lifespan. With more people changing homes, and switching between apartments and houses with lawns, the need for outdoor power equipment varies. Such equipment is not used on a daily basis nor are advanced features required, encouraging buyers to opt for refurbished models. 

Market Share by Country

Geographically, the United States is expected to augment the North America refurbished retail market share on account of the growing population along with the rising disposable income. The growing e-commerce sector as well as online platforms for the sale and purchase of refurbished retail with substantial production capabilities is likely to propel the market growth of refurbished products. 

The strong presence of key market players like Amazon and Walmart in the United States, with multiple branches and fulfilment centres throughout the country, is further expected to push forward the market growth of refurbished retail. The increasing awareness regarding refurbished products among consumers in the United States, as these products are sustainable, reliable, and affordable, is expected to fuel the overall North America refurbished retail market.

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Competitive Landscape

Amazon.com Inc is a global enterprise that is an online retailer and web service provider. It deals in e-commerce, cloud computing, artificial technology, and online streaming. The products Amazon sells include groceries, apparel, electronics, health, and fitness, among others. The company has recently introduced Amazon Renewed which offers expertly refurbished products at great prices.

Walmart Inc is a global retailer with supermarkets, grocery stores, hypermarkets, and discount and department stores. Its product lines include health and wellness, grocery and consumables, technology, hardlines, office and entertainment, home, and apparel categories at low prices for everyday use. Walmart has introduced Walmart Restored which includes quality sellers and suppliers for products that are inspected, tested, and cleaned, with 90 days free return or replacement, helping to extend the life of the product.

Back Market Inc. is an online market platform for refurbished electronic products. The company provides renovated electronic appliances and devices to consumers in several countries like the United States, Germany, France, the United Kingdom, Spain, Italy, Belgium, the Netherlands, Austria, Japan, Portugal, Ireland, and Finland. 

Other market players include eBay, Inc., Target Corporation, and Ecoatm, LLC, among others.

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North America Refurbished Market Report Snapshots

North America Refurbished Market Size

North America Refurbished Market Analysis

North America Refurbished Companies

North America Refurbished Market Regional Analysis