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Refurbished and Used Mobile Phone Market is Estimated to Reach USD 120.96 Billion by 2030: Cognitive Market Research
Refurbished and Used Mobile Phone Market is Estimated to Reach USD 120.96 Billion by 2030: Cognitive Market Research
What are Refurbished and Used Mobile Phone?
The refurbished phone is a pre-owned handset, which has been restored and returned to good working order resold. Some retailers and networks categorize refurbished phones as handsets, which are returned by users and changed users' minds into a 30-day cooling-off period after signing the contract.
Summary:
• As per the study of CMR, The Global Refurbished and Used Mobile Phone Market size was valued at USD 53.81 Billion in 2022 and is expected to grow at a CAGR Of 10.8 % during the forecast period, reaching USD 120.96 Billion by 2030.
• Based on type, the used phone segment has the largest revenue share in the refurbished and used mobile phone market.
• Based on application, the individual segment has the major revenue share in the refurbished and used mobile phone market.
• Asia-Pacific has the largest revenue share in the refurbished and used mobile phone market.
To know more about The Refurbished and Used Mobile Phone Market statistics click here: https://www.cognitivemarketresearch.com/refurbished-and-used-mobile-phone-market-report
Market Dynamics
Refurbished and Used Mobile Phone Market Drivers:
The increasing number of firms EMI options providing for phones and consumers depending on smartphone devices worldwide is the key factor expected to propel the growth of the Refurbished and Used Mobile Phone market. In addition, increasing cost-efficiency benefits related to Refurbished and Used Mobile Phone likely to fuel the growth of the target market.
Refurbished and Used Mobile Phone Market Opportunities:
Increasing e-commerce platforms' adoption for Refurbished and Used Mobile Phone between sellers and buyers is projected to create growth opportunities for the Refurbished and Used Mobile Phone market in the forecast period.
Refurbished and Used Mobile Phone Market Restraints:
Shortage of the top mobile phone models in the market may hamper the growth of the refurbished and used mobile phone market. In addition, the limitation of the used smartphone warranty period is anticipated to restrict the growth of the Refurbished and Used Mobile Phone market in the forecast period.
Market Segmentation:
Type:
• Used Phone
• Refurbished Phone
Based on type, the used phone segment has the largest revenue share in the refurbished and used mobile phone market. This is due to the increasing number of second-hand device specialists and the number of retail shops. In addition, the practice of selling used smartphones adoption due to increasing profit margins is projected to drive the growth of this segment.
Application:
• Businesses
• Individual
Based on application, the individual segment has the major revenue share in the refurbished and used mobile phone market. This is attributed to the increasing demand for Refurbished and Used Mobile Phone among individuals due to increasing disposable income and awareness about innovative products in the market. This is expected to boost the demand for this segment in the target market.
Price Range:
• Low Price
• Mid Price
• Premium
Competitive Analysis of Refurbished and Used Mobile Phone Market: Apple Inc., Samsung Electronics., Lenovo Group Limited, Amazon, Redeem UK Ltd., Reboot, FoneGiant.com, Synergy Telecom Inc., NIPPON TELEPHONE INC., Verizon Communications Inc., togofogo, Hutchison 3G UK Limited
Get free sample pages of the latest published Refurbished and Used Mobile Phone Market Report: https://www.cognitivemarketresearch.com/refurbished-and-used-mobile-phone-market-report
Regional Analysis:
Asia-Pacific accounted for the largest share of the refurbished and used mobile phone market
Asia-Pacific has the largest revenue share in the refurbished and used mobile phone market. This is owing to increasing e-Commerce platforms in the region. In addition, logistical services advancement and simplicity of payment alternatives like pay later buy now services are anticipated to fuel the growth of the market in the region.
Refurbished and Used Mobile Phone Market Industry News:
Phixman has announced an exclusive partnership with Detel to sell refurbished phones
In May 2022, Phixman has entered into an exclusive partnership with Detel in order to provide refurbished smartphones, which include accessories for a less price and a warranty. This is planned to offer services across all centers all over India for a reasonable price.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Refurbished And Used Mobile Phone Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Refurbished And Used Mobile Phone Market Segmentation
1.5.1 Refurbished And Used Mobile Phone Market Regional Fragmentation
1.5.1 Refurbished And Used Mobile Phone Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Refurbished And Used Mobile Phone Market
• 3.1 Global Refurbished And Used Mobile Phone Market Size 2018 - 2030, (USD Million)
• 3.2 Global Refurbished And Used Mobile Phone Value, Absolute & Opportunity Analysis
• 3.3 Global Refurbished And Used Mobile Phone Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Refurbished And Used Mobile Phone Market Statistics 2022: Snapshot
Chapter 4 Global Refurbished And Used Mobile Phone Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Refurbished And Used Mobile Phone Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Refurbished And Used Mobile Phone Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Refurbished And Used Mobile Phone Market by Price Range Segmentation Analysis (2018-2030)
Chapter 12 Global Refurbished And Used Mobile Phone Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 13 Global Refurbished And Used Mobile Phone Market Regional Analysis
Chapter 14 North America Refurbished And Used Mobile Phone Market Outlook (2018 - 2030)
Chapter 15 Europe Refurbished And Used Mobile Phone Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Refurbished And Used Mobile Phone Market Outlook (2018 - 2030)
Chapter 17 Latin America Refurbished And Used Mobile Phone Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Refurbished And Used Mobile Phone Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Refurbished and Used Mobile Phone Market TOC click here: https://www.cognitivemarketresearch.com/refurbished-and-used-mobile-phone-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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