Global Refurbished and Used Mobile Phones Market is valued approximately USD 5.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.0% over the forecast period 2022-2029. Refurbished phones are used devices that have been returned and fixed so they can be sold once more. Refurbished phones are referred to as gadgets that users or customers often sent back during the 30-day cooling-off period after signing up for a contract, according to several networks and stores. The vendor frequently does testing, such as checking the battery's charge and evaluating the cameras' and buttons' performance. The market for refurbished and used mobile phones is growing as a result of factors like increased consumer dependence on smartphone devices globally and an increase in the number of businesses offering EMI alternatives for phones.
The market is witnessing a several players who are making strategic investments and acquisitions to tap into growing refurbished and used phones market. For instance, in January 2022, Flipkart Group announced the acquisition of Yaantra, an electronics recommence company, as part of efforts to strengthen its recommence business and it would enhance its recommence business after-sale offerings for its customers in the smartphones segment. Chip shortages and supply chain issues are also advancing the refurbishing industry. To address this demand, companies are turning to refurbished phone suppliers, which is anticipated to drive the refurbished and used phones market. Additionally, an increase in e-commerce platform adoption by both buyers and sellers is fostering industry expansion. However, scarcity of top models in the refurbished market and Limitation in warranty period of refurbished and used smartphone stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Refurbished and Used Mobile Phones Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for smart phones, rising development of network infrastructure. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising demand for smart phones.
Major market players included in this report are:
- Amazon.com, Inc.
- Apple Inc
- AT&T Inc
- Cashify
- eBay
- Huawei Technologies Co., Ltd
- Paytm
- Samsung Electronics Co Ltd
- Verizon Communication Inc
- Walmart
Recent Developments in the Market:
- In November 2021, in China, Huawei's official online store started offering certified reconditioned premium cellphones. As a result, potential users may simply purchase premium HUAWEI products at lower prices.
- In December 2022, Zest Money, a payment processor, offers a free EMI option for purchasing a used mobile phone in instalments. The popularity of reconditioned phones in place of the newest models with no-cost EMI alternatives is therefore fast increasing among consumers.
Global Refurbished and Used Mobile Phones Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Price Range, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Refurbished Phones
- Used Phones
By Price Range:
- Low Price (Below $200)
- Mid Price ($200 to $500)
- Premium (Above $500)
By Application:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Refurbished and Used Mobile Phones Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Refurbished and Used Mobile Phones Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Refurbished and Used Mobile Phones Market, by Price Range, 2019-2029 (USD Billion)
- 1.2.4. Refurbished and Used Mobile Phones Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Refurbished and Used Mobile Phones Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Refurbished and Used Mobile Phones Market Dynamics
- 3.1. Refurbished and Used Mobile Phones Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rise in consumer dependency on smartphone devices globally
- 3.1.1.2. Increase in the number of companies providing EMI options for phones
- 3.1.2. Market Challenges
- 3.1.2.1. Scarcity of top models in the refurbished market
- 3.1.2.2. Limitation in warranty period of refurbished and used smartphone
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in the adaption of e-commerce platforms among buyers and sellers
Chapter 4. Global Refurbished and Used Mobile Phones Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Refurbished and Used Mobile Phones Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Refurbished and Used Mobile Phones Market by Type, Performance - Potential Analysis
- 6.3. Global Refurbished and Used Mobile Phones Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Refurbished and Used Mobile Phones Market, Sub Segment Analysis
- 6.4.1. Refurbished Phone
- 6.4.2. Used Phone
Chapter 7. Global Refurbished and Used Mobile Phones Market, by Price Range
- 7.1. Market Snapshot
- 7.2. Global Refurbished and Used Mobile Phones Market by Price Range, Performance - Potential Analysis
- 7.3. Global Refurbished and Used Mobile Phones Market Estimates & Forecasts by Price Range 2019-2029 (USD Billion)
- 7.4. Refurbished and Used Mobile Phones Market, Sub Segment Analysis
- 7.4.1. Low Price (Below $200)
- 7.4.2. Mid Price ($200 to $500)
- 7.4.3. Premium (Above $500)
Chapter 8. Global Refurbished and Used Mobile Phones Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Refurbished and Used Mobile Phones Market by Application, Performance - Potential Analysis
- 8.3. Global Refurbished and Used Mobile Phones Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Refurbished and Used Mobile Phones Market, Sub Segment Analysis
- 8.4.1. Individual
- 8.4.2. Business
Chapter 9. Global Refurbished and Used Mobile Phones Market, Regional Analysis
- 9.1. Refurbished and Used Mobile Phones Market, Regional Market Snapshot
- 9.2. North America Refurbished and Used Mobile Phones Market
- 9.2.1. U.S. Refurbished and Used Mobile Phones Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Price Range breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Refurbished and Used Mobile Phones Market
- 9.3. Europe Refurbished and Used Mobile Phones Market Snapshot
- 9.3.1. U.K. Refurbished and Used Mobile Phones Market
- 9.3.2. Germany Refurbished and Used Mobile Phones Market
- 9.3.3. France Refurbished and Used Mobile Phones Market
- 9.3.4. Spain Refurbished and Used Mobile Phones Market
- 9.3.5. Italy Refurbished and Used Mobile Phones Market
- 9.3.6. Rest of Europe Refurbished and Used Mobile Phones Market
- 9.4. Asia-Pacific Refurbished and Used Mobile Phones Market Snapshot
- 9.4.1. China Refurbished and Used Mobile Phones Market
- 9.4.2. India Refurbished and Used Mobile Phones Market
- 9.4.3. Japan Refurbished and Used Mobile Phones Market
- 9.4.4. Australia Refurbished and Used Mobile Phones Market
- 9.4.5. South Korea Refurbished and Used Mobile Phones Market
- 9.4.6. Rest of Asia Pacific Refurbished and Used Mobile Phones Market
- 9.5. Latin America Refurbished and Used Mobile Phones Market Snapshot
- 9.5.1. Brazil Refurbished and Used Mobile Phones Market
- 9.5.2. Mexico Refurbished and Used Mobile Phones Market
- 9.5.3. Rest of Latin America Refurbished and Used Mobile Phones Market
- 9.6. Rest of The World Refurbished and Used Mobile Phones Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Amazon.com, Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Apple Inc
- 10.2.3. AT&T Inc
- 10.2.4. Cashify
- 10.2.5. eBay
- 10.2.6. Huawei Technologies Co., Ltd
- 10.2.7. Paytm
- 10.2.8. Samsung Electronics Co Ltd
- 10.2.9. Verizon Communication Inc
- 10.2.10. Walmart
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption