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Refurbished Smartphone Market by OS and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 116
  • SKU: IRTNTR73506
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The refurbished smartphone market share is expected to reach an estimated USD 45.98 billion by 2026 at an accelerating CAGR of 13.69%.

This refurbished smartphone market research report extensively covers refurbished smartphone market segmentation by:

  • OS - Android and iOS
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

The refurbished smartphone market report also offers information on several market vendors, including Alibaba Group Holding Ltd., Apple Inc., AT and T Inc., Back Market, Best Buy Co. Inc., CHINAREPHONE, eBay Inc., FoneGiant.com, Gadgetwood E-Services Pvt. Ltd., Manak Waste Management Pvt Ltd., NIPPON TELEPHONE INC., One97 Communications Ltd., Qarmatek Services Private Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Samsung Electronics Co. Ltd., Smart Cellular, Verizon Communications Inc., Walmart Inc., and Amazon.com Inc. among others.

What will the Refurbished Smartphone Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Refurbished Smartphone Market Size for the Forecast Period and Other Important Statistics

 

Refurbished Smartphone Market: Key Drivers, Trends, and Challenges

The circular economy and sustainability is notably driving the refurbished smartphone market growth, although factors such as the easy availability of smartphones on e-commerce may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the refurbished smartphone industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Refurbished Smartphone Market Driver

  • One of the key factors driving growth in the refurbished smartphone market is the circular economy and sustainability.
  • The growing focus on circular economy and sustainability is one of crucial factors driving the demand for refurbished smartphones.
  • USA, China, Japan, Germany, and India are witnessing generation of large amount of electronic waste, which includes computers, smartphones, and other electronic appliances. To mitigate the environmental impact of e-waste, countries are shifting towards a circular economy.
  • The Indian government introduced the e-waste management rule on 23rd March 2016.
  • In Europe, the e-waste management must be in compliance with WEEE Directive 2003.
  • The refurbishing of smartphones will reduce the carbon footprint and recycling cost, as refurbished components used in smartphones will reduce the overall recycling costs. Therefore, such factors are anticipated to drive the growth of market in focus during the forecast period.

Key Refurbished Smartphone Market Trend

  • The growing number of online platforms dealing in refurbished smartphones is a refurbished smartphone market trend that is expected to have a positive impact in the coming years.
  • The emergence of end-to-end online platforms for buying and selling refurbished smartphones is on the rise. These online platforms not only offer normal smartphones but also premium smartphone brands.
  • Swappie is one of the major start-ups in Finland which offer only refurbished iPhones. The company offers iPhone 11 which costs around $314.
  • Trocafone is an online platform in Brazil, which offers iPhone, Samsung smartphones, and other refurbished smartphones.
  • In India, Qarmatek launched Mobex to sell refurbished smartphones. Mobex is an online platform that offers smartphones of Samsung, Vivo, and Apple.
  • The growth in online platforms offering refurbished smartphones will increase the market penetration, especially in emerging economies.

Key Refurbished Smartphone Market Challenge

  • The easy availability of smartphones on e-commerce will be a major challenge for the refurbished smartphone market during the forecast period.
  • The availability of low cost smartphones on e-commerce sites is a challenge for the vendors in the market despite the increase in average smartphone selling price.
  • E-commerce giants like Amazon.com, Inc. (Amazon), Walmart Inc., and eBay Inc. are offering a wide range of smartphones at a discounted price. Moreover, these companies often partner with local banks to offer certain discount to their credit and debit cards, which further encourage users to purchase smartphones from e-commerce websites. 
  • The e-commerce brands offer discounts in festivals and summer seasons, which attracts a large number of consumers. Therefore, a rise in e-commerce brands may negatively impact the demand for refurbished smartphones.

This refurbished smartphone market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global refurbished smartphone market as a part of the global consumer electronics market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the refurbished smartphone market during the forecast period.

Who are the Major Refurbished Smartphone Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alibaba Group Holding Ltd.
  • Apple Inc.
  • AT and T Inc.
  • Back Market
  • Best Buy Co. Inc.
  • CHINAREPHONE
  • eBay Inc.
  • FoneGiant.com
  • Gadgetwood E-Services Pvt. Ltd.
  • Manak Waste Management Pvt Ltd.
  • NIPPON TELEPHONE INC.
  • One97 Communications Ltd.
  • Qarmatek Services Private Ltd.
  • Quikr India Pvt. Ltd.
  • Reboxed Ltd.
  • Samsung Electronics Co. Ltd.
  • Smart Cellular
  • Verizon Communications Inc.
  • Walmart Inc.
  • Amazon.com Inc.

 

This statistical study of the refurbished smartphone market encompasses successful business strategies deployed by the key vendors. The refurbished smartphone market is concentrated and the vendors are deploying growth strategies such as focusing on distinguishing their product offerings through clear and unique value propositions to compete in the market.

Product Insights and News

  • Amazon.com Inc. - Amazon.com Inc. is a public company headquartered in the US. It is a global company generating $469,822 million in revenues and has around 1,608,000 employees. Its revenue from the global refurbished smartphone market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 

  • Amazon.com Inc. - The company offers refurbished and pre-owned smartphone models including iPhone 7 and 7 Plus, Galaxy S7 and S8.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The refurbished smartphone market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Refurbished Smartphone Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the refurbished smartphone market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Refurbished Smartphone Market?

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49% of the market’s growth will originate from APAC during the forecast period. China, India, and Indonesia are the key markets for refurbished smartphone in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.

The development of telecom infrastructure, growing price of smartphones, and lack of disruptive features in android smartphones will facilitate the refurbished smartphone market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID 19 pandemic adversely impacted the growth of major manufacturing industries in APAC. Factors such as a deep decline in the demand for final products from consumers, supplier bankruptcy, and the slowdown in the R and D process negatively impacted and hindered the growth of the global refurbished smartphone market in the region in Q2 and Q3 of 2020. However, the resumption of manufacturing activities, after lifting the nationwide lockdowns in prominent countries in APAC, such as India, China, Japan, and South Korea, in 2021 resulted in the growth of the market in the region in 2021. 

What are the Revenue-generating OS Segments in the Refurbished Smartphone Market?

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The refurbished smartphone market share growth by the andriod segment will be significant during the forecast period. The Android operating system (OS) is a commonly used mobile OS globally. Owing to low cost and availability of a variety of features, the refurbished Android OS has been gaining popularity among consumers globally. Growing focus on circular economy models is one of the major factors driving the segment growth. The growth in circular businesses is leading to partnerships and interactions between sellers and refurbishers in the refurbished smartphone market. Apart from that, high purchase price and lack of new disruptive features in android phones slowed down consumer replacement rates of older phones. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the refurbished smartphone market size and actionable market insights on post COVID-19 impact on each segment.

 

Refurbished Smartphone Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.69%

Market growth 2022-2026

$ 45.98 billion

Market structure

Concentrated

YoY growth (%)

12.46

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key consumer countries

US, China, India, Indonesia, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alibaba Group Holding Ltd., Apple Inc., AT and T Inc., Back Market, Best Buy Co. Inc., CHINAREPHONE, eBay Inc., FoneGiant.com, Gadgetwood E-Services Pvt. Ltd., Manak Waste Management Pvt Ltd., NIPPON TELEPHONE INC., One97 Communications Ltd., Qarmatek Services Private Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Samsung Electronics Co. Ltd., Smart Cellular, Verizon Communications Inc., Walmart Inc., and Amazon.com Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Refurbished Smartphone Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive refurbished smartphone market growth during the next five years
  • Precise estimation of the refurbished smartphone market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the refurbished smartphone industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of refurbished smartphone market vendors

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1. Executive Summary                        

              1.1 Market overview 

                             Exhibit 01:  Executive Summary – Chart on Market Overview

                             Exhibit 02:  Executive Summary – Data Table on Market Overview

                             Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                             Exhibit 04:  Executive Summary – Chart on Market by Geography

                             Exhibit 05:        Executive Summary – Chart on Market Segmentation by OS

                             Exhibit 06:  Executive Summary – Chart on Incremental Growth

                             Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                             Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                          

              2.1 Market ecosystem            

                             Exhibit 09:  Parent market

                             Exhibit 10:  Market Characteristics

3. Market Sizing                     

              3.1 Market definition

                             Exhibit 11:  Offerings of vendors included in the market definition

              3.2    Market segment analysis            

                             Exhibit 12: Market segments

              3.3 Market size 2021 

              3.4 Market outlook: Forecast for 2021-2026   

                             Exhibit 13:        Chart on Global - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 14:        Data Table on Global - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 15:        Chart on Global Market: Year-over-year growth 2021-2026 (%)

                             Exhibit 16:        Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 17:  Five forces analysis - Comparison between2021 and 2026

              4.2 Bargaining power of buyers          

                             Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

              4.3 Bargaining power of suppliers      

                             Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

              4.4 Threat of new entrants    

                             Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

              4.5 Threat of substitutes        

                             Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

              4.6 Threat of rivalry  

                             Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

              4.7 Market condition

                             Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by OS         

  5.1 Market segments

                             Exhibit 24:        Chart on OS - Market share 2021-2026 (%)

                             Exhibit 25:        Data Table on OS - Market share 2021-2026 (%)

              5.2 Comparison by OS             

                             Exhibit 26:        Chart on Comparison by OS

                             Exhibit 27:        Data Table on Comparison by OS

              5.3 Android - Market size and forecast 2021-2026       

                             Exhibit 28:        Chart on Android - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 29:        Data Table on Android - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 30:        Chart on Android - Year-over-year growth 2021-2026 (%)

                             Exhibit 31:        Data Table on Android - Year-over-year growth 2021-2026 (%)

              5.4 iOS - Market size and forecast 2021-2026 

                             Exhibit 32:        Chart on iOS - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 33:        Data Table on iOS - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 34:        Chart on iOS - Year-over-year growth 2021-2026 (%)

                             Exhibit 35:        Data Table on iOS - Year-over-year growth 2021-2026 (%)

              5.5 Market opportunity by OS             

                             Exhibit 36:        Market opportunity by OS ($ billion)

6. Customer landscape                       

                             Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

              6.1 Customer landscape overview      

                             Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7.   Geographic Landscape                

              7.1    Geographic segmentation          

                             Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                             Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

              7.2 Geographic comparison  

                             Exhibit 40:  Chart on Geographic comparison

                             Exhibit 41:  Data Table on Geographic comparison

              7.3 APAC - Market size and forecast 2021-2026            

                             Exhibit 42:  Chart on APAC - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 43:  Data Table on APAC- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 44:  Chart on APAC- Year-over-year growth 2021-2026 (%)

                             Exhibit 45:  Data Table on APAC- Year-over-year growth 2021-2026 (%)

              7.4 North America- Market size and forecast 2021-2026           

                             Exhibit 46:  Chart on North America- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 47:  Data Table on North America- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 48:  Chart on North America- Year-over-year growth 2021-2026 (%)

                             Exhibit 49:  Data Table on North America- Year-over-year growth 2021-2026 (%)

              7.5 Europe- Market size and forecast 2021-2026          

                             Exhibit 50:  Chart on Europe- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 51:  Data Table on Europe- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 52:  Chart on Europe- Year-over-year growth 2021-2026 (%)

                             Exhibit 53:  Data Table on Europe- Year-over-year growth 2021-2026

              7.6 South America - Market size and forecast 2021-2026          

                             Exhibit 54:  Chart on South America - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 55:  Data Table on South America - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 56:  Chart on South America - Year-over-year growth 2021-2026 (%)

                             Exhibit 57:  Data Table on South America - Year-over-year growth 2021-2026 (%)

              7.7 Middle East and Africa - Market size and forecast 2021-2026             

                             Exhibit 58:  Chart on Middle East and Africa- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 59:  Data Table on Middle East and Africa- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 60:  Chart on Middle East and Africa- Year-over-year growth 2021-2026 (%)

                             Exhibit 61:  Data Table on Middle East and Africa- Year-over-year growth 2021-2026 (%)

              7.8 US - Market size and forecast 2021-2026  

                             Exhibit 62:  Chart on US - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 63:  Data Table on US - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 64:  Chart on US - Year-over-year growth 2021-2026 (%)

                             Exhibit 65:  Data Table on US - Year-over-year growth 2021-2026 (%)

              7.9 China- Market size and forecast 2021-2026            

                             Exhibit 66:  Chart on China- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 67:  Data Table on China- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 68:  Chart on China- Year-over-year growth 2021-2026 (%)

                             Exhibit 69:  Data Table on China- Year-over-year growth 2021-2026 (%)

              7.10 India - Market size and forecast 2021-2026          

                             Exhibit 70:  Chart on India - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 71:  Data Table on India - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 72:  Chart on India - Year-over-year growth 2021-2026 (%)

                             Exhibit 73:  Data Table on India - Year-over-year growth 2021-2026 (%)

              7.11 UK- Market size and forecast 2021-2026 

                             Exhibit 74:  Chart on UK- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 75:  Data Table on UK- Market size and forecast 2021-2026 ($ billion)

                             Exhibit 76:  Chart on UK- Year-over-year growth 2021-2026 (%)

                             Exhibit 77:  Data Table on UK- Year-over-year growth 2021-2026 (%)

              7.12 Indonesia - Market size and forecast 2021-2026  

                             Exhibit 78:  Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 79:  Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)

                             Exhibit 80:  Chart on Indonesia - Year-over-year growth 2021-2026 (%)

                             Exhibit 81:  Data Table on Indonesia - Year-over-year growth 2021-2026 (%)

              7.13 Market opportunity by geography           

                             Exhibit 82:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                 

              8.1 Market drivers     

                             8.1.1 Circular economy and sustainability

                             8.1.2 Growth in smartphone repair industry

                             8.1.3 Increase in average selling price of smartphones

              8.2 Market challenges             

                             8.2.1 Easy availability of smartphones on e-commerce

                             8.2.2 Smartphone initiatives by vendors

                             8.2.3 Low demand of refurbished smartphone in developed economies

              8.3 Impact of drivers and challenges  

                             Exhibit 83:  Impact of drivers and challenges in 2021 and 2026

              8.4 Market trends     

                             8.4.1 Growing number of online platforms dealing in refurbished smartphones

                             8.4.2 Increasing number of partnerships between vendors and online marketplace

                             8.4.3 Growing number of mergers and acquisitions (M&A)

9. Vendor Landscape                          

              9.1 Overview

              9.2 Vendor landscape

                             Exhibit 84:  Overview on Criticality of inputs and Factors of differentiation

              9.3 Landscape disruption       

                             Exhibit 85:  Overview on factors of disruption

              9.4 Industry risks       

                             Exhibit 86:  Impact of key risks on business

10. Vendor Analysis              

              10.1 Vendors covered             

                             Exhibit 87:  Vendors covered

              10.2 Market positioning of vendors   

                             Exhibit 88:  Matrix on vendor position and classification

              10.3 Amazon.com Inc.

                             Exhibit 89:        Amazon.com Inc. - Overview

                             Exhibit 90:        Amazon.com Inc. - Business segments

                             Exhibit 91:        Amazon.com Inc. - Key news

                             Exhibit 92:        Amazon.com Inc. - Key offerings

                             Exhibit 93:        Amazon.com Inc. - Segment focus

              10.4 Apple Inc.

                             Exhibit 94:        Apple Inc. - Overview

                             Exhibit 95:        Apple Inc. - Business segments

                             Exhibit 96:        Apple Inc. - Key news

                             Exhibit 97:        Apple Inc. - Key offerings

                             Exhibit 98:        Apple Inc. - Segment focus

              10.5 AT and T Inc.      

                             Exhibit 99:        AT and T Inc. - Overview

                             Exhibit 100:      AT and T Inc. - Business segments

                             Exhibit 101:      AT and T Inc. - Key offerings

                             Exhibit 102:      AT and T Inc. - Segment focus

              10.6 Best Buy Co. Inc.

                             Exhibit 103:      Best Buy Co. Inc. - Overview

                             Exhibit 104:      Best Buy Co. Inc. - Business segments

                             Exhibit 105:      Best Buy Co. Inc. - Key offerings

                             Exhibit 106:      Best Buy Co. Inc. - Segment focus

              10.7 NIPPON TELEPHONE INC.             

                             Exhibit 107:      NIPPON TELEPHONE INC. - Overview

                             Exhibit 108:      NIPPON TELEPHONE INC. - Product / Service

                             Exhibit 109:      NIPPON TELEPHONE INC. - Key offerings

              10.8 One97 Communications Ltd.       

                             Exhibit 110:      One97 Communications Ltd. - Overview

                             Exhibit 111:      One97 Communications Ltd. - Product / Service

                             Exhibit 112:      One97 Communications Ltd. - Key offerings

              10.9 Reboxed Ltd.      

                             Exhibit 113:      Reboxed Ltd. - Overview

                             Exhibit 114:      Reboxed Ltd. - Product / Service

                             Exhibit 115:      Reboxed Ltd. - Key offerings

              10.10 Samsung Electronics Co. Ltd.    

                             Exhibit 116:      Samsung Electronics Co. Ltd. - Overview

                             Exhibit 117:      Samsung Electronics Co. Ltd. - Business segments

                             Exhibit 118:      Samsung Electronics Co. Ltd. - Key news

                             Exhibit 119:      Samsung Electronics Co. Ltd. - Key offerings

                             Exhibit 120:      Samsung Electronics Co. Ltd. - Segment focus

              10.11 Verizon Communications Inc.   

                             Exhibit 121:      Verizon Communications Inc. - Overview

                             Exhibit 122:      Verizon Communications Inc. - Business segments

                             Exhibit 123:      Verizon Communications Inc. - Key offerings

                             Exhibit 124:      Verizon Communications Inc. - Segment focus

              10.12 Walmart Inc.   

                             Exhibit 125:      Walmart Inc. - Overview

                             Exhibit 126:      Walmart Inc. - Business segments

                             Exhibit 127:      Walmart Inc. - Key news

                             Exhibit 128:      Walmart Inc. - Key offerings

                             Exhibit 129:      Walmart Inc. - Segment focus

11. Appendix                          

              11.1 Scope of the report        

                             11.1.1 ????Market definition

                             11.1.2 ????Objectives

                             11.1.3 Notes and caveats

              11.2 Inclusions and exclusions checklist           

              &

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The refurbished smartphone market market growth will increase by $$ 45.98 bn during 2023-2026.
The refurbished smartphone market market is expected to grow at a CAGR of 13.69% during 2023-2026.
Technavio has segmented the refurbished smartphone market market by geography (APAC, North America, Europe, South America, Middle East and Africa, APAC, North America, Europe, South America, and Middle East and Africa).
Alibaba Group Holding Ltd., Apple Inc., AT and T Inc., Back Market, Best Buy Co. Inc., CHINAREPHONE, eBay Inc., FoneGiant.com, Gadgetwood E-Services Pvt. Ltd., Manak Waste Management Pvt Ltd., NIPPON TELEPHONE INC., One97 Communications Ltd., Qarmatek Services Private Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Samsung Electronics Co. Ltd., Smart Cellular, Verizon Communications Inc., Walmart Inc., Amazon.com Inc. are a few of the key vendors in the refurbished smartphone market market.
APAC will register the highest growth rate of 49% among the other regions. Therefore, the refurbished smartphone market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the refurbished smartphone market market growth are:
  • Circular economy and sustainability
  • Growing number of online platforms dealing in refurbished smartphones
The refurbished smartphone market market vendors should focus on grabbing business opportunities from the apac segment as it accounted for the largest market share in the base year.
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