Press release
Refurbished And Used Mobile Phones Market : Growth Dynamics| by Key Vendors Apple Inc.,Samsung Electronics Co. Ltd.,Lenovo Group Limited,Amazon.com Inc.,Redeem UK Ltd.,Reboot,FoneGiant.com,Synergy Telecom Inc.
Smartphones are remarkably shaping the world, and mobile phones have formed an integral part of consumers’ lives in the last decade - from supporting communication and engaging in e-Commerce, to supplementing the growth of digital content. Although the recycling rate for mobile products is low in a majority of leading electronic categories since consumers either store or throw away used gadgets, there has been a significant rise in the adoption of used and refurbished mobile phones. In developed countries such as Italy, the U.K., France, Germany, and the U.S., a majority of the consumer base is tech-savvy and prefers advanced and high-end technological equipment. Owing to a short upgrade cycle of several mobile phones, the customers in these countries generally are not willing to spend much on new mobile phones. Due to this, a majority of the population is shifting their interests towards refurbished and used mobile phones with the features they desire and also in low price. As a result, the refurbished and used market is attracting a significant customer base from both developed and developing countries.Developing nations are expected to exhibit high demand for refurbished and used mobile phones
Emerging economies such as Philippines, Thailand, Mexico, Russia, India, Brazil, and Argentina are turning out to be leading markets for used and refurbished mobile phones. Consumers in these regions are price sensitive and usually prefer purchasing low-cost products, especially when it comes to buying electronics. The market for used and refurbished mobile phones is a highly unorganized one and companies are offering refurbished and used mobile phones at inexpensive rates. The growing customer dependence on gadgets in developing regions has increased the demand for refurbished and used mobile phones in these regions along with others.
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Urbanization in emerging economies is impelling manufacturers to enter into untapped market
The burgeoning urbanization and infrastructural development in developing countries such as Indonesia, Philippines, China, and India, among others are attracting numerous mobile manufacturers. Mobile phone manufacturers in these regions are constantly focusing and investing on research and development and are producing high-end mobile devices to meet the growing technological demands of consumers. Additionally, the shift of the economic power to East from West is bolstering urbanization in these countries. This is prompting high demand for refurbished and used mobile phones.
In this regards, the mid-price brand division is becoming a prominent division among all the brand divisions, especially in developing regions. In mid-priced brands, the vendors are providing advanced functions and features in comparatively low prices. In several developing countries such as Turkey, Argentina, China, and India, these brands are gaining high traction owing to their affordability. Moreover, the implementation of government regulations regarding e-wastes and green initiatives in regions such as the Middle East and Africa and Asia Pacific is generating extensive demand for refurbished and used mobile phones. The established as well as new players in the market are focusing on entering the markets of these regions in order to retain their position in the market and also stay competitive at the same time.
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Refurbished And Used Mobile Phones Market : TOC
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Snapshot
3. Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Challenges
3.4.3. Opportunity Analysis
4. Market Forecast
4.1. Market Size Projections
4.1.1. Y-o-Y Projections
4.1.2. Absolute $ Opportunity Analysis
4.1.3. Key Regulations
5. Global Refurbished and Used Mobile Phones Market Analysis By Region
5.1. Introduction
5.1.1. Market Value Share Analysis By Region
5.1.2. Y-o-Y Growth Analysis By Region
5.2. Historical Market Size Analysis By Region 2013-2017
5.3. Market Size Forecast By Region 2018–2026
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East & Africa
5.4. Market Attractiveness Analysis By Region
6. Global Refurbished and Used Mobile Phones Market Analysis By Type
6.1. Introduction
6.1.1. Market Value Share Analysis By Type
6.1.2. Y-o-Y Growth Analysis By Type
6.2. Historical Market Size Analysis By Type 2013–2017
6.3. Market Size Forecast By Type 2018–2026
6.3.1. Company Owned
6.3.2. Consumer Owned
6.4. Market Attractiveness Analysis By Type
7. Global Refurbished and Used Mobile Phones Market Analysis By Brand
7.1. Introduction
7.1.1. Market Value Share Analysis By Brand
7.1.2. Y-o-Y Growth Analysis By Brand
7.2. Historical Market Size Analysis By Brand 2013–2017
7.3. Market Size Forecast By Brand 2018–2026
7.3.1. Premium Brand
7.3.2. Mid-Priced Brand
7.3.3. Low-Priced Brand
7.4. Market Attractiveness Analysis By Brand
8. North America Refurbished and Used Mobile Phones Market Analysis
8.1. Introduction
8.2. Market Trends
8.3. Historical Market Size Analysis By Market Segments, 2013–2017
8.4. Market Size Forecast By Market Segments, 2018-2026
8.4.1. By Country
8.4.1.1. U.S.
8.4.1.2. Canada
8.4.2. By Type
8.4.3. By Brand
8.5. Market Attractiveness Analysis
8.5.1. By Country
8.5.2. By Type
8.5.3. By Brand
8.6. Key Market Participants – Intensity Mapping
8.7. Drivers and Challenges – Impact Analysis
9. Latin America Refurbished and Used Mobile Phones Market Analysis
9.1. Introduction
9.2. Market Trends
9.3. Historical Market Size Analysis By Market Segments, 2013–2017
9.4. Market Size Forecast By Market Segments, 2018–2026
9.4.1. By Country
9.4.1.1. Brazil
9.4.1.2. Argentina
9.4.1.3. Mexico
9.4.1.4. Rest of Latin America
9.4.2. By Type
9.4.3. By Brand
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Type
9.5.3. By Brand
9.6. Key Market Participants – Intensity Mapping
9.7. Drivers and Challenges – Impact Analysis
10. Europe Refurbished and Used Mobile Phones Market Analysis
10.1. Introduction
10.2. Market Trends
10.3. Historical Market Size Analysis By Market Segments, 2013–2017
10.4. Market Size Forecast By Market Segments, 2018–2026
10.4.1. By Country
10.4.1.1. Germany
10.4.1.2. France
10.4.1.3. U.K.
10.4.1.4. Spain
10.4.1.5. Italy
10.4.1.6. Nordic
10.4.1.7. BENELUX
10.4.1.8. Russia
10.4.1.9. Poland
10.4.1.10. Rest of Europe
10.4.2. By Type
10.4.3. By Brand
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Type
10.5.3. By Brand
10.6. Key Market Participants – Intensity Mapping
10.7. Drivers and Challenges – Impact Analysis
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