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The global refurbished and used mobile phones market size is estimated to register a compound annual growth rate (CAGR) of 11.0% during the forecast period i.e., 2020-2025. Moreover, global refurbished and used mobile phones market is anticipated to capture a market opportunity of USD 12,098.2 Million between 2020 & 2025.
Changing Behavior of Consumers Towards Refurbished & Used Products
The marketplace for refurbished and used mobiles is rich with opportunity and it can affect the perception of a brand & growth opportunities. per a survey, 84% of consumers who have purchased refurbished and used mobiles are satisfied with product functionality and therefore the price bought the worth received. the standard of refurbished products still increases, and positive experiences with refurbished products can function a gateway for consumers to be introduced to additional products for a selected brand. Thus, increasing demand for refurbished and used mobiles among consumers because of changing perception regarding used products are projected to diversify the expansion of the market within the upcoming years.
The global market for refurbished and used mobile phones is segmented by brand, type and distribution channel. On the basis of brand, the market is segmented into low-priced brands, mid-priced brands, and premium brands, out of which, mid-priced brands segment is expected to grow at a considerable CAGR over the forecast period, i.e., 2020-2025. Further, it was followed by premium brands segment in terms of market share in 2019.
By type, the market is divided into company owned and consumer owned, out of which, company owned segment is envisioned to register a higher revenue share in the global market over the forecast period. Apart from this, the consumer owned segment is projected to attain a noteworthy CAGR over the upcoming years.
Based on distribution channel, the market is segregated into online store and offline store, out of which, online store segment is anticipated to attain the highest market share in the overall market over the upcoming years. In addition, offline store segment is expected to thrive at a significant CAGR over the forecast period i.e. 2020-2025.
In terms of geography, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the refurbished and used mobile phones market, Asia Pacific is predicted to capture a considerable market share over the forecast period. Further, factor such as availability of premium smartphones at affordable price across the region is envisioned to drive the growth of Asia Pacific market. Further, the North America market is driven on the back of entry of organized players in refurbished smartphones market in the region and is anticipated to grow at a notable compound annual growth rate (CAGR) from 2020 to 2025.
The report also covers detailed competitive analysis of major market players of global refurbished and used mobile phones market, such as Apple Inc., Redeem UK, FoneGiant.com, Verizon Communications, ASUSTeK Computer Inc., Amazon.com, Inc., Samsung Electronics Co. Ltd., NIPPON TELEPHONE INC., Lenovo Group, Synergy Telecom Pvt. Ltd and other major & niche players. The global refurbished and used mobile phones market is witnessing a wide range of industry activities such as launch, innovation, merger, partnership, acquisition, research & development, and expansion across the globe.
- Low-priced Brands
- Mid-priced Brands
- Premium Brands
- Company Owned
- Consumer Owned
By Distribution Channel:
- Online Store
- Offline Store
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
The report profiles various major market players such as
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (launch, acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in refurbished and used mobile phones market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global refurbished and used mobile phones market by the following segments:
- Distribution Channel
Customization: We also offers customization in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Refurbished and Used Mobile Phones Industry Report
The report offers a comprehensive insight on the Refurbished and Used Mobile Phones Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.