Press release
Used and Refurbished Smartphone Market 2022 Growth, Prominent Players: Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., Verizon Communications
The Used and Refurbished Smartphone Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Used and Refurbished Smartphone market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Used and Refurbished Smartphone market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Used and Refurbished Smartphone market.Used and Refurbished Smartphone Market is expected to grow at a CAGR of 12.61% during the forecast period 2021 to 2026.
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Top Leading Companies of Used and Refurbished Smartphone Market are - 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.
Industry News and Updates:
- May 2020 - Woot, Inc. launched a sale of refurbished smartphones, pricing some as cheap as USD 39.99. The company is offering some newer smartphones, like Google Pixel 2, which starts at USD 99. Refurbished iPhones offered for sale on the company's website include iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, iPhone XS Max, iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max.
- February 2020 - Samsung Electronics launched its Galaxy Z Flip with a 6.7-inch FHD+ Dynamic AMOLED Infinity Flex display for USD 1380. Powering the Z Flip is a Qualcomm Snapdragon 855+ processor with 8GBs of RAM. It runs Android 10 with the Samsung One UI on top, comes with 256GB of internal storage, and features a 3,300mAh battery. Additionally, AT&T, BestBuy, and Sprint will also offer the Z Flip on their websites.
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Used and Refurbished Smartphone Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Used and Refurbished Smartphone Market (%),2016 - 2026
- Used and Refurbished Smartphone Market Share, By Brand
- Used and Refurbished Smartphone Market Share, By Company
- Used and Refurbished Smartphone Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Used and Refurbished Smartphone Market Value Analysis & Forecast
- Promising Used and Refurbished Smartphone Development by Major Companies
- Detailed Used and Refurbished Smartphone Portfolio of the Major Companies
- Major Deals in the Used and Refurbished Smartphone Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593400/used-and-refurbished-smartphone-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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. MarketInsightsReports provides 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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