Refurbished and Used Mobile Phones Market

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.

Market Insights

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.

Segmentation Analysis

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.

Geographical Analysis

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.

Competitive Analysis

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.

Segmentation

By Brand:

- Low-priced Brands

- Mid-priced Brands

- Premium Brands

By Type:

- Company Owned

- Consumer Owned

By Distribution Channel:

- Online Store

- Offline Store

By Geography:

- 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)

Competitive Landscape

The report profiles various major market players 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
• Other Major & Niche Players

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:

- Brand

- Type

- 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

• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• What is the impact of Coronavirus Disease (COVID-19) on the market and the upcoming changes in the market?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?