Recycling has boosted in recent years, but is it enough?
We all have read, heard, and seen how recycling has been a topic of discussion for all these years. Even a 5-year-old knows how important recycling is and how he should never litter on the road. But is it enough? Is it the only implementation of recycling that we know of? Probably not! The recycling world is more comprehensive and holds a lot of untapped opportunities that can save the world for real. A recent example of it is the newly budding Refurbished Market.
Refurbished market deals in products that are restored to look good as new and are sold to consumers at affordable prices. Such markets may be dealing majorly in electronics, technology, automobiles, medical equipment, and furniture. These industries showcase the best way of recycling products and making them useful for years and years to come. Nowadays, people sell and purchase refurbished products more than ever! So if you are still wondering if recycling isn’t enough, go for a refurbished product to implement the bits of recycling in your life. Read on to learn how refurbished markets are here to stay!
How does the refurbished market change the world of recycling?
The significant development in the Refurbished market has made it a popular option for people to buy recycled products, whether smartphones or furniture.
More reasons support their emerging demand, some of them are mentioned below:
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1. Value for Money Post the pandemic, people are looking to buy products that provide them value for the price they pay. With a reduced budget and immediate requirement, refurbished products are considered a viable option to go for! They are comparatively low-priced with a quality that matches a new product. |
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2. Sustainability Consumers today are looking for ways to reduce their environmental footprint by going for refurbished products. With everything haunting happening to the planet, these products are like a small initiative to achieve sustainability with added advantages for mankind. |
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3. Certified and Guaranteed Options Refurbished products are run through several quality checks to give them the quality of a new product. There are many refurbished products that are certified and guaranteed by the providers for quality in the long run. Such initiatives increase the faith of consumers in refurbished markets. |
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4. Warranty, Buyback, and EMI flexibility Refurbished markets are positioning themselves as the top choice for consumers by offering them offers like no-cost EMI, warranty, doorstep delivery, demo options, free installations, buybacks, and many more. This helps in building the credibility and goodwill of the refurbished companies in the eyes of the customers. |
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5. Easy access to product upgrades The refurbished markets dealing in electronics and technological products comply well with the product upgrades. Consumers may find upgraded new gadgets in these shops at cost-effective prices. This gives them the flexibility to access upgraded products without spending much! |
What does the future of refurbished markets look like?
With an ever-rising focus on sustainability, the demand for refurbished products is expected to rise in the near future as well. Not just offline stores but e-commerce platforms for refurbished products are expected to thrive in the coming years. However, affordability will not be the only reason for this market to flourish; the exciting features and offers will still play a significant role in the coming years.
However, among all the product-specific refurbished markets, the smartphone refurbished market will stay for a long time!
As per the recent trends for the refurbished industry, the demand for refurbished smartphones is predicted to reach a CAGR of 10.23% from 2023 through 2028. One can expect continued growth in this industry as consumers become more environmentally conscious and seek ways to reduce waste and losses.
The market will likely see new players and furbishing business models emerge as it continues to evolve. But among many, which reliable brand to trust for your refurbished smartphone needs, you may ask?
Well, Mobex is here to be your top choice! Mobex is the leading refurbished smartphone brand that gives consumers a one-year phone warranty. Along with their best prices, they offer 65+ certified quality checks that make your smartphone look as good as new!
Final Words: With the emerging demand for environmental sustainability, there comes the need for recycling! The best way to implement recycling in this fast-moving world is to go with refurbished products. The abundant benefits from the outcomes of the refurbished market position them as the catalyst in driving sustainability. So, contribute your part in the world of recycling by saying “yes” to refurbished products now and forever!