Refurbished Printers Market Report, By Product Type (Laser Printers, Inkjet Printers, All-in-One Printers, Dot Matrix Printers, Wide-Format Printers), By End-User (SMEs, Large Corporations, Educational Institutions, Home Offices, Retail and Hospitality), By Sales Channel, By Technology, By Condition, and By Regions 2024-2032

Market Overview

"The refurbished printers market size reached US$ 1.32 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 2.45 billion by 2032, exhibiting a growth rate (CAGR) 7.1% of during 2024-2032."

Report Attributes	Details
Base Year	2023
Forecast Years	2024-2032
Historical Years	2021-2023
Market Growth Rate (2024-2032)	7.1%

Refurbished printers are pre-used or pre-owned printing devices that have been professionally restored and conditioned for reuse. These products serve as cost-effective solutions for businesses and individuals seeking quality printing without the price tag of new equipment. Refurbished printers are put through rigorous testing, repair, and cleaning processes to ensure optimal performance and reliability. These are often offered for sale with warranties, customer support, and also offer eco-friendly advantages due to being reused and reducing electronic waste volumes. Printers such as laser printers, inkjet printers, all-in-one printers, and wide-format printers are refurbished and available in the market.

The global refurbished printers market has been registering rapid revenue growth in the recent past, driven by key factors such as increasing cost-consciousness and environmental awareness, and smaller companies and organizations seeking to optimize availability of more budget-friendly options in office infrastructure. An increasing number of businesses and individuals are opting for such alternatives as these are budget-friendly and output quality is not compromised.

Services offered along with these products to ensure reliable performance is another key factor driving rising preference. Technological advancements have also led to enhanced diagnostic and repair capabilities, and refurbished printers have been meeting performance expectations, and this has driven value for money to a significant extent. Initiatives promoting circular economy and e-waste reduction are also factors supporting adoption of refurbished printers in various countries. The advantages include affordability, reduced environmental impact, and availability of warranties and support services.

Refurbished Printers Market Drivers and Trends:

Global refurbished printers market research is comprehensive and the report provides in-depth details of the various factors, trends, patterns, and scenarios and aspects that have a direct or indirect impact, near-term or far-term on the market and products and services etc. 

Some more detailed insights on the global refurbished printers market provided below: 

Cost-Effective Solutions: Among the primary factors driving revenue growth of the global refurbished printers market is the cost-effectiveness offered by these devices and products. Businesses and individuals can acquire high-quality printing equipment at a fraction of the cost of new devices, making these attractive options in budget-constrained environments.

Environmental Sustainability: Increasing emphasis on environmental sustainability is a key trend driving revenue growth of the market. Refurbished printers contribute to the environment by extending lifecycle of devices that would otherwise end up as electronic waste. This eco-friendly approach resonates with environmentally conscious consumers and organizations and a number of such entities prefer or encourage adoption of practices.

Technological Advancements: Advancements in diagnostic tools, repair techniques, and quality assurance processes have improved the overall reliability of refurbished printers. This enhances confidence in buyers, boosting demand and subsequently driving revenue growth.

Diverse Product Range: The availability of a wide range of refurbished printer types, including laser printers, inkjet printers, and all-in-one printers, caters to different consumer needs. This diversity in availability to cater to need is driving penetration and appeals of these products to a broader customer base, and is expected to prevail, especially in markets in emerging economies.

Warranty and Support Services: Many refurbished printer providers offer warranties and customer support services, similar to those for new products. This reassures buyers and ensures adequate performance and longevity of their purchases, and is a factor contributing to increased sales and revenue.

Popularity of E-Commerce Platforms: Rapid growth of e-commerce platforms has made refurbished printers more accessible to a global audience. Online marketplaces facilitate easy visibility, comparison, selection, and purchase, and this is expanding market reach of players in this market.

Refurbished Printers Market Restraints 

Despite the various positive factors and growth prospects in the global market, some restraints and factors are having negative impacts on revenue growth. Some key factors include:  

Perception of Quality: A significant restraint is the lingering perception that refurbished printers might be of lower quality or less reliable than new ones. This can deter potential buyers and hamper revenue growth of the market to some extent.

Limited Product Availability: The supply of specific refurbished printer models might be limited, leading to challenges in meeting diverse customer preferences. Limited availability can restrict market expansion and revenue potential.

Competitive Pricing of New Printers: The aggressive pricing strategies of manufacturers for new printers can make the price difference between new and refurbished printers marginal. This can discourage buyers from choosing refurbished options and impact market revenue growth.

Rapid Technological Advancements: The pace of technological advancements and innovations in various electronic products and devices can render refurbished printers obsolete sooner than anticipated, causing concerns among potential buyers about long-term usability and negatively affecting market growth.

Consumer Confidence and Trust: Building trust in the quality and performance of refurbished printers remains a challenge. A lack of consumer confidence can lead to hesitancy in purchasing these products, and impact revenue growth.

Lack of Standardization: Inconsistent refurbishment practices and quality standards across different providers can lead to mixed experiences among buyers. This lack of standardization can create uncertainty and hamper market expansion to a moderate extent.

Refurbished Printers Market Opportunities

Companies operating in the global refurbished printers market can leverage various opportunities and revenue streams to drive growth and profitability. Below are some avenues and insights:  

Diverse Product Offerings: Companies can capitalize on the opportunity to provide a wide range of refurbished printer options, catering to various customer needs. Offering different types, brands, and models of printers ensures a larger target audience and multiple revenue streams.

Value-Added Services: Providing comprehensive support services, such as extended warranties, maintenance packages, and technical assistance, can create additional revenue streams. Customers are willing to pay for credibility and assurance, and reliable support through stipulated period.

B2B Partnerships: Collaborating with businesses, educational institutions, and government organizations for bulk orders of refurbished printers offers a significant revenue opportunity. B2B partnerships can lead to consistent sales volumes and long-term relationships.

Online Sales Platforms: Developing user-friendly e-commerce platforms for selling refurbished printers enables companies to tap into the growing online market. This approach provides convenience for customers and expands global reach of vendors, and will drive incline in revenue growth.

Upcycling and Customization: Offering services to upgrade or customize refurbished printers with modern features, aesthetics, or functionalities can attract tech-savvy customers willing to pay for personalized solutions, thereby creating a niche revenue stream.

Eco-Friendly Initiatives: Emphasizing the environmental benefits of refurbished printers and aligning with sustainability trends can attract conscious consumers. Companies can create partnerships or donate a portion of their revenue to environmental causes, and this drives positive brand image and attracts environmentally-minded customers. 

Refurbished Printers Market Segmentation:

By Product Type:

• Laser Printers
• Inkjet Printers
• All-in-One Printers
• Dot Matrix Printers
• Wide-Format Printers

The report is segmented on the basis of product type into laser printers, inkjet printers, all-in-one printers, dot matrix printers, and wide-format printers. The laser printers segment accounted for largest market share in 2023, followed by inkjet printers.

By End-User:

• Small and Medium-Sized Enterprises (SMEs)
• Large Corporations
• Educational Institutions
• Home Offices
• Retail and Hospitality

Based on end-user, the market is segmented into small and medium-sized enterprises (SMEs), large corporations, educational institutions, home offices, and retail and hospitality. The small and medium-sized enterprises (SMEs) segment accounted for largest market share in 2023, followed by retail and hospitality.

By Sales Channel:

• Online Retail
• Offline Retail
• Direct Sales (Manufacturer's Outlets)
• Distributors and Resellers

Based on sales channel, the market is segmented into online retail, offline retail, direct sales (manufacturer's outlets), distributors and resellers. The online segment accounted for largest market share in 2023, followed by offline retail segment.

By Technology:

• Wired Printers
• Wireless Printers
• Mobile Printing (Smartphone/Tablet Integration)
• Cloud Printing
• Energy-Efficient Printers

Based on technology, the market is segmented into wired printers, wireless printers, mobile printing (smartphone/tablet integration), cloud printing, and energy-efficient printers. The wired printers segment accounted for largest market share in 2023.

By Condition:

• Certified Refurbished
• Manufacturer Refurbished
• Third-Party Refurbished
• Off-Lease Printers
• Open-Box Printers

Based on condition, the market is segmented into certified refurbished, manufacturer refurbished, third-party refurbished, off-lease printers, and open-box printers.

By Region:

North America:

• United States
• Canada

Europe:

• Germany
• The U.K.
• France
• Spain
• Italy
• Russia
• Poland
• BENELUX
• NORDIC
• Rest of Europe

Asia Pacific:

• China
• Japan
• India
• South Korea
• ASEAN
• Australia & New Zealand
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Argentina

Middle East & Africa:

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel

In North America region, the United States is a relatively large market for refurbished printers, owing to factors such as large and diverse population ranging from individuals to businesses of varying sizes and requirements, and trend across a significantly large consumer base seeking cost-effective printing solutions. Also, emphasis on value and cost savings plays a key role, as refurbished printers can be expected to provide high-quality printing without straining budgets. Also, rising awareness regarding environmental issues is driving inclining preference for sustainable options. Refurbished printers extend the otherwise limited lifecycle of devices, and this aligns with this eco-conscious mindset, thus reducing electronic waste. The advanced technological landscape in the country also has major influences on demand for refurbished printers with innovative features and connectivity options. In addition, rising popularity of e-commerce further facilitates access to these products, while the varied business landscape, ranging from startups to larger corporations, supports high demand for a diverse array of printing needs that refurbished printers can cater to effectively. Provision of warranties and robust customer support services among refurbished printer vendors and providers further helps to create consumer confidence. Furthermore, rising focus on circular economy initiatives and commitment to cost-effective, environmentally friendly, and technologically advanced printing solutions, are factors expected to continue to enable the US to retain the position as the largest market for refurbished printers among other country level markets.

Furthermore, In Europe, several key trends are expected to shape the trajectory of refurbished printer sales. Refurbished printers are a solution that is appealing to consumers and end-users seeking cost-effectiveness, while also procuring products that are known for quality printing. This factor remains an appealing proposition for businesses and individuals alike in many countries in the region. Also, groups and organizations are driving environmental awareness and this has been encouraging an increasing consumer base, for various products, to opt for more eco-friendly options. Extending device lifecycles and aligning with circular economy principles positions refurbished printers as a viable option for consumers focused on sustainability. Technological advancements continue to influence end-purchases, and as demand for wireless connectivity, energy efficiency, and contemporary features remain selling points, market growth is expected to remain consistent. In addition, rapid growth of e-commerce is driving incline in online sales owing to visibility of used or refurbished products, convenience of comparing options, and making more informed decisions based on user feedback and reviews. Moreover, a number of websites offer refurbished printers for sale in Europe, and some include EuroPC1, Katun2, Laptops Direct3, Matmond4, and Cerona5, and this indicates that demand for refurbished printers is relatively steady in the market in the region. With such competition in the market in the region, factors such as lower cost, reliability, warranty, and eco-friendliness play a major role in influencing purchase decisions. While hesitation is expected to continue to hamper sales among a portion of the larger consumer base in some major countries in the region, availability, compatibility, quality, and maintenance are key factors that can convert to positive sales of refurbished original products among consumers with specific needs and budgets. In sectors such as education and non-profit, where budget constraints are common, the appeal of refurbished printers is particularly strong, and by leveraging these trends, companies operating in the Europe refurbished printers market are well-positioned to capitalize on evolving consumer preferences.

In Asia Pacific, investment in China and India is a major driver for revenue expansion and sales of refurbished printers owing to factors such as the sheer size of populations in both countries, high preference for cost-effectiveness, availability of second-hand or used products, and a trend of low investment among smaller businesses. Also, robust economic growth, an expanding middle class consumer base, demand for quality products at affordable prices, rapid penetration of digital services, popularity of remote working, robust traction of e-commerce, and need for dependable and reasonably priced printing solutions position refurbished printers as an appealing option in these markets. In addition, rising emphasis on environmental sustainability aligns with advantages and reasons for using refurbished printers. Focus in China and India on reducing electronic waste and supporting responsible consumption also enhances the appeal of these products among environmentally-conscious consumers. These products are also finding deployment in the education sector and across small businesses to meet quality printing needs within constrained budgets. Government initiatives promoting digital literacy, entrepreneurship, and sustainable practices also create a favorable landscape for adoption of refurbished printers. Investments in China and India offer an avenue for refurbished printer providers to tap into a vast and evolving consumer base with physical printing needs. This can be attributed to generation and utilization of printed copies of medical reports, prescriptions, documents, bills, books, magazines, newspapers, brochures, marketing material, and other such collaterals, besides the digital trend being robust. Companies can not only create growth avenues and drive sales within these dynamic economies, but also capitalize on the rising demand for economical, reliable, and sustainable printing alternatives, and contribute to the overall expansion of the global refurbished printers market.

Refurbished Printers Vendors & Competitive Landscape: 

The global refurbished printers market features a competitive landscape characterized by a mix of established players and emerging contenders, all focusing on leveraging majority share of the growing demand for cost-effective and sustainable printing solutions. As the market continues to expand, vendors are focusing on product quality, technological innovation, and customer support to gain a competitive edge.

Leading refurbished printers vendors include well-known names such as Hewlett-Packard (HP), Canon, Epson, Brother, and Xerox. These industry giants leverage their brand recognition, extensive distribution networks, and strong customer relationships to establish a solid standing in the competitive landscape. These companies offer a range of refurbished printer models that cater to diverse customer needs, from home offices to large corporations.

However, the competitive landscape is not limited to traditional printer manufacturers. Specialized refurbished technology companies like RefurbConnect, PrinterStop, and Reboot IT also play a significant role. These players focus exclusively on refurbished electronics and printers, offering expertise in restoring and reselling these products. Their nimbleness and tailored approach to the refurbished market allow them to capture niche segments and provide unique value propositions to customers.

n this evolving landscape, factors such as product quality, warranty offerings, customer support, and technological innovation are critical differentiators. The competitive advantage extends beyond the hardware itself, encompassing seamless integration, wireless capabilities, energy efficiency, and user-friendly features.

As sustainability gains prominence, manufacturers that emphasize their commitment to reducing electronic waste and promoting the circular economy stand out. Moreover, companies that invest in e-commerce platforms to enhance accessibility and provide detailed product information and reviews have a competitive advantage in reaching and engaging customers effectively.

Overall, the competitive landscape of the global refurbished printers market is marked by a dynamic interplay between established printer manufacturers and specialized refurbished technology companies. Success hinges on striking the right balance between product quality, innovation, customer service, and a keen understanding of evolving consumer preferences in this fast-evolving market. 

Company List:

• Xerox Corporation
• HP Development Company
• Laser Support Services, Inc.
• PrinterStop
• Erie Ink
• Robo
• Printsmart Office Solutions
• PTM Printer Solution
• Central Systems Office Corp.
• Virtue IT
• General Data Company Inc.
• LMI Solutions
• Metrofuser

Research Scope

Report Metric	Report Details
Market size available for the years	2021-2032
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	7.1%
Segment covered	Product Type, End-User, Sales Channel, Technology, Condition, and Region
Regions Covered	North America:  The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe Middle East & Africa:  Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Market in Europe	Germany
Largest Market	Asia Pacific
Key Players	Xerox Corporation, HP Development Company, Laser Support Services, Inc., PrinterStop, Erie Ink, Robo, Printsmart Office Solutions, PTM Printer Solution, Central Systems Office Corp., Virtue IT, General Data Company Inc., LMI Solutions and Metrofuser