
Buying new gadgets could be a tough dream for most of us. The reason is the sky-high cost. But things are changing. Customers and businesses in the Middle East and UAE
have found a new way to fulfill their requirements. The rise of the market for refurbished products has brought a new opportunity for businesses and consumers. It has given them a viable option to be more sustainable and price-conscious in their buying behaviour.
In the last few years, the interest of buying refurbished electronics is growing rapidly. The rapid growth is due to the discount and sale offered by the online retailers. Customers and businesses are showing huge response and are placing orders online for
the refurbished products. Due to increasing popularity of refurbished products, many renowned brands have partnered with online refurbished retailers. For example, the well-known e-commerce website ‘Souq’ (a part of Amazon) has partnered with Apple to sell refurbished iPhones, iPads and MacBooks online. UAE consumers are increasingly showing interest in buying refurbished Apple products that are much more cheaper than the new ones.
The FAQs discussed further will provide you with a greater insight and create a widespread awareness regarding refurbished electronics.
Where Do Consumers Stand On Market For Refurbished Products?
Research shows that refurbished electronics are certainly worth buying – considering the fact that technology keeps evolving and electronics become outdated within a few months.
A survey conducted in 2014 shows the buying behaviour of UAE consumers and other consumers across the globe. According to the survey, 75% of the respondents admitted that they are likely to buy refurbished products. 94% of the respondents admitted having purchased refurbished devices in the last three years. Furthermore, 84% of them said that they were satisfied with the product performance and the price paid for the same. Out of them, 81% said they will recommend purchasing refurbished devices to their family and friends. The majority of consumers who buy refurbished products do so online (82%). This has resulted in increased growth in e-commerce sales across the retail sector as a whole. This statistical analysis clearly indicates that refurbished gadgets are becoming a consumer favourite.
Why Is Market For Refurbished Products Booming In Popularity?
Thriving on its cost-effectiveness, the majority of the consumers say buying refurbished helps them save money – 96% of respondents said this. There is a more insightful benefit due to which consumers get attracted towards refurbished purchase. 74% of them said that refurbished electronics give them an opportunity to pay for exactly what they need – nothing less, nothing more. It also helps them to spend according to their budget and gives a chance to be more sustainable.
However, the refurbished market players insist that the buyers be more aware and consider checkpoints before buying any products. Because the market for refurbished products is vast with a lot of selling players like retailers and middlemen involved. So, how will you identify the right refurbished product? Let’s check it out!
How To Identify Right Refurbished Products In UAE And Middle East?
The three most crucial checkpoints you need to consider before purchasing refurbished electronics are warranty, return policy and factory refurbished gadget.
Always buy a refurbished product that comes with a valid warranty period and return policy. This gives you a sense of satisfaction while buying it. In addition, it is important to buy a product that is factory refurbished. Factory refurbished devices are treated by authorised companies and manufacturers only. It is where the product undergoes rigorous quality and performance tests. It is reconditioned to a state that works as great as the brand new one. With all these points considered, you can never go wrong with your purchase.
Where Does Veracity World Stand In The Market For Refurbished Products?
Veracity World is a renowned refurbisher of UAE and Middle East with its business expanding globally. It offers the most feasible solution for customers who dream of high-end products but cannot afford one. The company is an authorised and certified refurbisher. It motivates the consumers to be green and emphasizes the quality of the refurbished products.
Moreover, the company provides a full guarantee on its refurbished electronics accompanied with valid warranty certificate and return policy. The company serves as one of the leading suppliers in the refurbished market in UAE. With Veracity World buying refurbished products has never been so easy. Contact Veracity World and make your dreams come true!