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Used & Refurbished Smartphone Market | 360iResearch
Used & Refurbished Smartphone Market | 360iResearch
The Global Used & Refurbished Smartphone Market to grow from USD 30.44 billion in 2023 to USD 48.35 billion by 2030, at a CAGR of 6.83%.
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Used smartphones are devices that have previously been owned and operated by an individual or organization. These devices have not undergone any professional refurbishing process by the manufacturer or a certified third party. Refurbished smartphones, on the other hand, are pre-owned devices that have been thoroughly inspected, repaired, and restored to full working condition by the manufacturer or a reputable third party. This process often includes replacing faulty components, software updates, and thoroughly cleaning. Rising internet connectivity, demand for low-priced smartphones, and the growing popularity of e-commerce platforms increase the adoption of used and refurbished smartphones. However, technical issues and performance concerns regarding used and refurbished smartphones impede market growth. Nevertheless, expanding customer service offerings to include extensive warranties and support services may create potential opportunities for the growth of the used and refurbished smartphone market.
In the Americas, the demand for used and refurbished smartphones is propelled by consumers looking for cost-effective alternatives to the latest phone models. In addition, a robust trade-in system supported by major carriers and retailers and recent regional investments focuses on expanding refurbishment facilities, encouraging consumers to opt for refurbished units. Europe has a relatively mature market driven by a robust regulatory environment favoring sustainability and consumer rights. Environmentally conscious consumers and stringent EU regulations encourage the adoption of used and refurbished smartphones. On the other hand, the Middle East and Africa showcase a preference for high-end refurbished smartphones due to the presence of affluent consumers, while Africa's demand is driven by economic necessity and the need for affordable connectivity solutions. Moreover, quality and authenticity are key considerations for Middle Eastern customers, which has led to the development of certified pre-owned programs by various retailers. The Asia Pacific region exhibits high growth potential with a massive consumer base seeking affordability and value. Furthermore, investment in the region aims at improving refurbishment quality and expanding the online marketplace for refurbished devices.
Market Segmentation & Coverage:
This research report categorizes the Used & Refurbished Smartphone Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Refurbished Phones and Used Phones. The Refurbished Phones is further studied across Company-Owned and Consumer-Owned. The Used Phones is further studied across Buybacks and Trade-Ins. The Refurbished Phones is projected to witness significant market share during forecast period.
Based on Pricing Range, market is studied across Low-Priced, Mid-Priced, and Premium. The Low-Priced is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Offline and Online or E-Commerce. The Online or E-Commerce is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 35.71% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Used & Refurbished Smartphone Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Used & Refurbished Smartphone Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Used & Refurbished Smartphone Market, highlighting leading vendors and their innovative profiles. These include Alibaba Group Holding Limited, Amazon.com, Inc., Apple Inc., AT&T Inc., Back Market, Best Buy Trade-In, BuySPRY / YRS LLC, Cashify, Chinarephone.com, Decluttr, Dreven Holdings Group Inc., eBay Inc., Gazelle, hyperXchange, ISELLMAC.COM, Mobex, Mobile Monster, One97 Communications Ltd., Qarmatek Services Private Ltd., Quick Mobile LLP, Quikr India Pvt. Ltd., Reboxed Ltd.,, Recell Cellular, Samsung Electronics Co., Ltd., Smart Cellular, Swappa, LLC, The Whiz Cells by TM Capital LLC, and Verizon Communications, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Used & Refurbished Smartphone Market, by Type
7. Used & Refurbished Smartphone Market, by Pricing Range
8. Used & Refurbished Smartphone Market, by Sales Channel
9. Americas Used & Refurbished Smartphone Market
10. Asia-Pacific Used & Refurbished Smartphone Market
11. Europe, Middle East & Africa Used & Refurbished Smartphone Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Used & Refurbished Smartphone Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Used & Refurbished Smartphone Market?
3. What is the competitive strategic window for opportunities in the Used & Refurbished Smartphone Market?
4. What are the technology trends and regulatory frameworks in the Used & Refurbished Smartphone Market?
5. What is the market share of the leading vendors in the Used & Refurbished Smartphone Market?
6. What modes and strategic moves are considered suitable for entering the Used & Refurbished Smartphone Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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