Refurbished and Used Mobile Phones Market Set to Reach USD 131.44 Bn by 2029 with 10.9 Percent CAGR, by Type, Price Range, Application

Refurbished and Used Mobile Phones Market Report Scope and Research Methodology :

In today's digital age, smartphones have become a necessity for billions of people worldwide, transcending their status as luxury items. However, the cost of acquiring a brand-new smartphone can be prohibitive for many. This is where refurbished and used mobile phones step in as practical and cost-effective alternatives. Refurbished phones not only offer consumers an affordable way to meet their technological needs but also contribute to environmental sustainability by reducing electronic waste. According to the International Data Corporation (IDC) report, the global market for refurbished and used mobile phones witnessed remarkable growth, with shipments reaching 282.6 million units in 2022, marking an 11.5% increase from the previous year.

Numerous key players and resellers are actively participating in the refurbished smartphone market, offering devices that have been returned by customers due to various reasons, including manufacturing defects, cosmetic damage, or logistical issues. These resellers refurbish these devices, conducting thorough quality checks, repairing them with original components, and certifying their functionality to ensure they are in "like new" condition before putting them up for sale. Apple continues to maintain its dominance in the refurbished and used mobile phone market, with iPhones accounting for approximately 52% of the market share.

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Refurbished and Used Mobile Phones Market Dynamics:

The dynamics of the Refurbished and Used Mobile Phones market are significantly influenced by the increasing consumer reliance on smartphones worldwide. As smartphones continue to solidify their role as indispensable tools in daily life, consumers are increasingly inclined to upgrade to newer models boasting enhanced features and capabilities. Herein lies the impetus for the growth of the refurbished and used mobile phones market, providing an attractive, cost-effective alternative for those seeking device upgrades without straining their budgets. These refurbished devices are typically offered at substantially lower prices compared to brand-new counterparts, widening their accessibility to a broader spectrum of consumers.

To illustrate, as of April 2023, a new iPhone SE (2020) model is available on the Apple website starting at USD 399, whereas refurbished versions of the same model can be found on third-party platforms like Gazelle, Back Market, or Amazon, with prices significantly lower, depending on factors such as storage capacity, condition, and seller. This trend underscores the growing significance of the refurbished and used mobile phone market as consumers seek economical ways to stay connected and up-to-date with evolving smartphone technology.

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What is Refurbished and Used Mobile Phones Market Segmentation:

by Type

Refurbished Phone
Used Phone

by Price Range

Low Price (Below $200)
Mid-Price ($200 to $500)
Premium (Above $500)

by Application

Individual
Businesses

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Who are Refurbished and Used Mobile Phones Market Key Players:

1. Amazon.com, Inc.
2. Apple, Inc.
3. AT&T, Inc.
4. BestBuy.com, LLC
5. Hutchison 3G UK Limited
6. Huawei
7. Yaantra
8. eBay Inc.
9. Brightstar Corporation
10. Togofogo.com
11. Gazelle Inc.
12. Paytm (One97 Communications)
13. Back Market
14. FoneGiant.com
15. Flipkart Internet Private Limited (Walmart Inc.)
16. Reebelo Pte Ltd.
17. Sprint Corporation
18. SellCell.com
19. Kempf Enterprises Limited
20. Lenovo Group Ltd.

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Refurbished and Used Mobile Phones Market Regional Insights:

North America is expected to emerge as the major contributor in terms of revenue in the market during the forecast period. The Refurbished and used mobile phones Market in this region is driven by several factors, including the high adoption rate of smartphones, rising consumer awareness about the environmental benefits of refurbished products, and the desire for affordable alternatives to brand-new smartphones. In addition, the region's strong e-commerce infrastructure has made it easier for consumers to purchase refurbished and used mobile phones online.

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key questions answered in the Refurbished and Used Mobile Phones Market are:

• What is the current size of the Refurbished and Used Mobile Phones market, and what is its projected growth rate over a specific period?
• What was the market size in 2022?
• What is the growth rate of the Market?
• Which are the factors expected to drive the Refurbished and Used Mobile Phones market growth?
• What are the different segments of the Refurbished and Used Mobile Phones Market?
• What growth strategies are the players considering to increase their presence in Refurbished and Used Mobile Phones ?
• What are the upcoming industry applications and trends for the Market?
• What major challenges could the Market face in the future?
• What segments are covered in the Market?
• Who are the leading companies and what are their portfolios in Market?
• What segments are covered in the Market?
• Who are the key players in the market?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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