The refurbished printers market size is estimated to be valued at USD 1,389.42 million in 2023 and is expected to surpass USD 3.0 billion by 2033. The adoption of refurbished printers is likely to advance at a CAGR of 8% during the forecast period.
Key Factors Shaping the Demand Outlook of the Refurbished Printers Industry
Challenges Faced by Companies in the Refurbished Printers Market
Opportunities in the Refurbished Printers Industry
Refurbished Printers Industry Trends
The demand is likely to increase, especially due to the emergence of new printing technologies that may change the landscape of the printing industry and affect the demand for refurbished printers.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,389.42 million |
| Projected Market Size (2033) | USD 3.0 billion |
| CAGR through (2023 to 2033) | 8% |
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The refurbished printers industry is driven by the growing adoption of remote work and e-commerce, which has increased the demand for reliable and affordable printers.
As businesses and consumers shift towards digital platforms, there is a need for printers that can meet the demands of these new channels. Refurbished printers provide a cost-effective and eco-friendly solution that can meet the evolving needs of the market.
From 2018 to 2022, the global refurbished printers industry witnessed a CAGR of 12%. The global refurbished printers market was driven by the increasing demand for eco-friendly and cost-effective printing solutions in various industries.
| Period | Market Size (in USD million) |
|---|---|
| 2018 | USD 700 million |
| 2022 | USD 1,150 million |
| 2023 | USD 1,389.42 million |
| 2033 | USD 3000 million |
The global refurbished printers industry is expected to continue a growth trajectory, with a CAGR of 13.5%. The future forecast for the refurbished printers industry looks promising, with several trends and drivers expected to shape the market over the next few years.
Among the prominent drivers is the increasing focus on sustainability and eco-friendliness in the printing industry. With concerns over environmental impact and waste reduction, more companies are turning to refurbished printers as a cost-effective and sustainable solution. This trend is expected to continue driving demand for refurbished printers across various industries.
A significant trend shaping the future of the Refurbished Printers Industry is the growing popularity of online sales channels. With the rise of e-commerce, companies are increasingly turning to online marketplaces to reach new customers and expand their market reach. This presents an opportunity for refurbished printer sellers to target new audiences and increase their sales volumes.
Technological advancements are also expected to drive growth in the refurbished printers market. Automation and artificial intelligence (AI) are expected to streamline the refurbishing process, making it faster, more efficient, and more cost-effective. This will enable companies to offer refurbished printers at even more competitive prices while maintaining high levels of quality. The future of the refurbished printers industry looks bright, with sustained demand, expanding market reach, and increasing efficiencies expected to drive growth in the years to come.
As per FMI analysis, the United States currently holds the leading share, accounting for a 7.9% CAGR. The United States refurbished printers market is a growing segment within the overall printing industry. With increasing demand for eco-friendly and cost-effective printing solutions, refurbished printers have become an attractive option for businesses of all sizes.
The market is highly competitive, with major players competing on factors such as pricing, quality, and customer service. The rise of e-commerce has also had a significant impact on the market, providing new sales channels for refurbished printer sellers to reach customers across the country. As the printing industry continues to evolve, the refurbished printers market is expected to grow and thrive in the United States.
Germany emerged as a significant player in the refurbished printers industry, with a CAGR of 7%. The significant drivers driving demand for the Germany Refurbished Printers Industry include the increasing need for cost-effective and eco-friendly printing solutions, as well as the growing demand for refurbished multifunctional printers (MFPs).
The rise of e-commerce has provided new sales channels for refurbished printer sellers to reach customers across the country. The shift towards remote work and digital platforms has also increased the demand for reliable and efficient printers. As a result, refurbished printers have become an attractive option for businesses of all sizes looking to meet their printing needs in a sustainable and affordable way.
China’s refurbished printers industry is expected to rise at a CAGR of around 6.7%. The major drivers driving demand for China's Refurbished Printers Industry include the need for affordable and reliable printing solutions, as well as the push for more eco-friendly and sustainable practices.
The rise of e-commerce has also provided new sales channels for refurbished printer sellers to reach customers across the country. The growth of small and medium-sized businesses in China has increased the demand for affordable printing solutions that can meet their specific needs. With a growing awareness of the benefits of refurbished printers, the industry is expected to see continued growth in the coming years.
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The laser segment is expected to dominate the refurbished printers industry with a CAGR of 7.5%. Laser printers are the preferred segment in the printing industry, with their high speed, high-quality output, and versatility in handling a wide range of media.
While other technologies like inkjet, thermal, and dye-sublimation have their own advantages, laser printers dominate the market due to their superior performance.
The online retailers segment is expected to dominate the refurbished printers market, capturing a CAGR of 7.7%. Online retailers are the preferred segment sales channel for the refurbished printers industry, due to the convenience and accessibility they offer to consumers.
With the rise of e-commerce and digital platforms, online retailers have become a preferred choice for customers seeking affordable and eco-friendly printing solutions. While specialty stores, convenience stores, direct sales, and other channels have their own advantages, online retail is expected to continue dominating the market.
The competitive landscape of the refurbished printers market is characterized by the presence of a large number of players operating at both global and regional levels. The market is highly fragmented, with no single player holding a dominant share. The leading players in the market are focusing on product innovation, technology advancements, and strategic partnerships to gain a competitive edge in the market.
The prominent players in the refurbished printers market include HP Development Company, Xerox Corporation, etc. In recent years, the market has witnessed the entry of numerous new players, including regional players, who are offering innovative and eco-friendly refurbished printers to meet the increasing demand from consumers. These players are leveraging advanced technologies and sustainable practices to offer high-quality refurbished printers at affordable prices.
The market is also characterized by the presence of several online retailers, who have emerged as the prominent players due to their ability to reach a wider audience and offer competitive prices. These retailers are offering refurbished printers from a range of brands, along with value-added services such as warranties, maintenance, and repair services.
The competitive landscape of the refurbished printers market is expected to remain highly dynamic, with new players entering the market and existing players investing in product innovation and sustainable practices to stay ahead of the competition.
| Company Name | Xerox Corporation |
|---|---|
| Key Focus Areas | Innovation, Sustainability, Customer Satisfaction |
| Key Offerings | Refurbished printers, Managed print services, Workflow solutions |
| Company Name | HP Development Company |
|---|---|
| Key Focus Areas | Innovation, Sustainability, Security |
| Key Offerings | Refurbished printers, , LaserJet and PageWide printers, Supplies and accessories |
Strategies for Refurbished Printers Manufacturers to Expand in the Market
Recent Developments in the Refurbished Printers Industry:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 1,389.42 million |
| Market Value in 2033 | USD 3.0 billion |
| Growth Rate | CAGR of 8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, End Use, Price Range, Technology, Sales Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Xerox Corporation; Seiko Epson Corporation; HP Development Company; Brother Industries Ltd.; Erie Ink Company; Print Smart Office Solutions; Print Smart Office Solutions; Metrofuser Company; Refurbished Land; Marathon Services; PTM printer Solutions; Athema Services Ltd; Advanced Print Scan Solutions |
| Customization & Pricing | Available Upon Request |
From 2018 to 2022, the market registered a CAGR of 12%.
The market is estimated to reach USD 3 billion by 2033.
The household segment holds high revenue potential.
The United States, Germany, and China dominate the global market.
The market is forecast to register a CAGR of 8% through 2033.
| Estimated Market Size (2023E) | USD 3,015.1 million |
|---|---|
| Projected Market Value (2033F) | USD 4,480.8 million |
| Value-based CAGR (2023 to 2033) | 4.5% |
| Market Value (2023) | USD 7.0 billion |
|---|---|
| Market Projected Value (2033) | USD 11.6 billion |
| Market CAGR (2023 to 2033) | 5.2% |
| Market Value (2022) | USD 4,188.60 Million |
|---|---|
| Market Anticipated Value (2032) | USD 8,552.87 Million |
| Projected Growth Rate (2022 to 2032) | 7.4% |
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Refurbished Printers Market
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