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Used and Refurbished Smartphone Market Professional Study In-depth Analysis and Future Scope till 2025 | Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., BestBuy.com, LLC
Used and Refurbished Smartphone Market - Growth, Trends, Forecasts (2020 - 2025)The Used and Refurbished Smartphone Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Used and Refurbished Smartphone market report provides information regarding market size, share, trends, growth, cost structure, Used and Refurbished Smartphone market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Used and Refurbished Smartphone market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Used and Refurbished Smartphone industry and provides data for making strategies to increase market growth and effectiveness.
Scope of the report:
The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
Used and Refurbished Smartphone Market is expected to grow at a CAGR of 12.61% during the forecast period 2020 to 2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Used and Refurbished Smartphone Market: Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., Verizon Communications, Inc., AT&T Inc., Hutchison 3G UK Limited, NIPPON TELEPHONE INC., BestBuy.com, LLC, Redeem UK Ltd., Paytm, LLC, Synergy Telecom Inc., FoneGiant.com, Woot, Inc., and others.
Key Market Trends
Growing Popularity of E-Commerce Platforms for Used and Refurbished Smartphones to Drive the Market
- The growing popularity of e-commerce platforms for used and refurbished smartphones is expected to drive the market demand. Mobile specialists such as Carphone Warehouse and Direct Mobiles stock a huge range of refurbished iPhones. Alternatively, popular sites such as Amazon and eBay also offer a wide variety of refurbished smartphones.
- Verizon has certified pre-owned devices, and it only sells pre-owned Samsung phones. Buying certified from the carrier gives the customer a bit of security, as Verizon offers a 90-day warranty period.
- OLX, an Indian online marketplace for used products, saw over 1.4 million pre-owned smartphones being listed in September 2018. According to the company, in 2019, Apple is the most commonly listed brand, with 19% of the total listing on the company's website.
Asia-Pacific is Expected to Register a Significant Growth Rate
- Asia-Pacific is one of the significant markets for refurbished smartphones, owing to the highly developing telecom sector and large customer base. Furthermore, the region is increasingly investing in the mobile network. Countries, like China, India, Japan, Australia, Singapore, and South Korea, are increasingly investing in the development of the domestic telecom market, which is also expected to drive the refurbished smartphones market in the region.
- In September 2019, Paytm Mall, with its unique O2O (Offline to Online) model, announced the launch of certified refurbished phones of popular brands such as Samsung, iPhone, Oppo, Xiaomi, Oneplus, Vivo & Motorola. These smartphones come with 70% savings and warranty ranging from 6 to 12 months. Some of the top refurbished products available on Paytm Mall include iPhone X, OnePlus 6T, Redmi Note 5 Pro, and Samsung Galaxy S9 alongside others.
- Demand for used and refurbished smartphones at entry-level price point will be driven by demand in developing countries like India and Indonesia, where smartphones are penetrating even to rural areas as local governments are pushing for digital and mobile economy. For instance, the Digital India program is a flagship program of the Government of India with a vision to transform India into a digitally empowered society.
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Influence of the Used and Refurbished Smartphone market report
- Comprehensive assessment of all opportunities and risks in the Used and Refurbished Smartphone market.
- Used and Refurbished Smartphone market recent innovations and major events.
- A Detailed study of business strategies for the growth of the Used and Refurbished Smartphone market-leading players.
- Conclusive study about the growth plot of the Used and Refurbished Smartphone market for forthcoming years.
- In-depth understanding of Used and Refurbished Smartphone market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the market report.
What are the market factors that are explained in the report?
- Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
- Analytical Tools: The Used and Refurbished Smartphone Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Browse in-depth and report summary TOC on “Used and Refurbished Smartphone Market”
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Find out:
Used and Refurbished Smartphone Market: Where are the opportunities? What does the future look like for the Used and Refurbished Smartphone Market? What will be the market size in the next 5 years?
Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?
If you have any questions about any of our “Used and Refurbished Smartphone Market Report” or would like to schedule a personalized free demo of the Used and Refurbished Smartphone market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.
Note - All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us
Irfan Tamboli
Head of Sales Operations
Market Insights Reports
Email: sales@marketinsightsreports.com
Tel: + 1704 266 3234, +91-750-707-8687
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market insights reports provide global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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