Circular Economy in Europe: Opportunities in the Refurbished Electronics Market
Market Trends · Published
How is the EU Circular Economy Action Plan driving growth in the refurbished electronics market? Learn about the latest policies, market size, and future trends.
EU Circular Economy Action Plan
In 2020, the European Commission released its new Circular Economy Action Plan, listing electronics as a priority area. The plan has driven "right to repair" legislation, requiring manufacturers to provide longer spare parts availability.
Market Size & Growth
The European refurbished electronics market is projected to reach €65 billion by 2027, with a compound annual growth rate exceeding 15%. Smartphones hold the largest share, followed by laptops and tablets.
Key Drivers
Rising consumer environmental awareness, increased price sensitivity due to inflation, and corporate ESG goals are all accelerating growth in the refurbished electronics market.
Opportunities for B2B Wholesalers
As a critical link in the supply chain, B2B wholesalers can capture market growth by establishing reliable grading systems, offering warranty services, and multi-channel distribution.
Further Resources
Understand how we apply circular economy principles through our product grading standards. Interested in partnering with us? Learn about Danghuan or browse our catalog.