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Refurbished Smartphone Market by OS, Price Range, and Geography - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 157
  • SKU: IRTNTR73506
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The refurbished smartphone market is estimated to grow at a CAGR of 13.69% between 2022 and 2027. The size of the market is forecast to increase by USD 51.79 billion. The growth of the market depends on several factors, including circular economy and sustainability, growth in the smartphone repair industry, and increased product launches to accelerate market growth. 

This report extensively covers market segmentation by OS (android and IOS), price range (low-priced, medium-priced, and premium), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Refurbished Smartphone Market During the Forecast Period?

Refurbished Smartphone Market Size

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Refurbished Smartphone Market: Key Drivers, Trends, Challenges, and Customer Landscape

The circular economy and sustainability are notably driving the market growth, although factors such as trust issues associated with a refurbished smartphone may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Refurbished Smartphone Market Driver

The circular economy and sustainability are notably driving market growth. The United States, China, Japan, Germany, and India generate large amounts of e-waste, including computers, smartphones, and other electronic devices. According to India's Ministry of Electronics and Information Technology, approximately 5.2 million tons of e-waste was generated in India in 2020. A large portion of this waste belongs to electrical and electronic equipment (EEE) waste, such as refurbished smartphones (TVs), laptops, mobiles, etc.

In order to mitigate the environmental impact of e-waste, several countries are shifting towards a circular economy. For instance, the Indian government introduced the e-waste management rule on 23rd March 2016. In addition, the refurbishing smartphone will reduce the carbon footprint and recycling cost, as refurbished components used in smartphones will reduce overall recycling costs. Therefore, such factors are anticipated to drive the growth of the market in focus during the forecast period.

Significant Refurbished Smartphone Market Trend

The rising demand from developing countries is an emerging trend in the market. Factors such as emerging markets, increasing demand for cheaper products, and the prevalence of smartphones in developing countries are increasing the demand for refurbished smartphones. In addition, rapid urbanization in developing countries, increasing brand share in the mid-range segment, and rising demand for advanced features at low prices are expected to drive the global market during the forecast period. 

Furthermore, increasing consumer reliance on electronic devices in developing countries is necessary to support demand in the global refurbished and used mobile phone market. Smartphone makers in developing countries are investing resources in new jobs to produce high-quality mobile phones that can quickly meet the mechanical requirements of their customers. Moreover, such factors are expected to boost the global market during the forecast period.

Major Refurbished Smartphone Market Challenge

The trust issues associated with refurbished smartphones are major challenges impeding market growth. Refurbished smartphones usually have a much shorter warranty period than brand-new phones. It does not always have the latest technology and may have defects (scratches, dents). Refurbished products may also not have software updates. Many fully functional phones are retired each year as they end support for security updates. If the software is not updated, the device may become insecure and can be easily hacked.

Moreover, some refurbished phone dealers install new batteries, but this is not always the case. Devices that have been in use for several years have already lost some of their battery capacity, thus, buying such refurbished phones can lead to customer dissatisfaction. Hence, trust issues associated with a refurbished product may hamper the growth of the global market in focus during the forecast period.

Key Refurbished Smartphone Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Refurbished Smartphone Market Share by Geography

Global Refurbished Smartphone Market Customer Landscape

Who are the Major Refurbished Smartphone Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Back Market -  The company offers a range of refurbished electronics with warranties, money-back guarantees, and seller ratings. The key offerings of the company include refurbished smartphones.  

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Alibaba Group Holding Ltd.
  • Apple Inc.
  • AT and T Inc.
  • Best Buy Co. Inc.
  • eBay Inc.
  • Gadgetwood E Services Pvt. Ltd.
  • HOMES SOLUTION LTD.
  • Manak Waste Management Pvt. Ltd.
  • NIPPON TELEPHONE INC
  • One97 Communications Ltd.
  • Qarmatek Services Pvt. Ltd.
  • Quikr India Pvt. Ltd.
  • Reboxed Ltd.
  • Refurboffers
  • Samsung Electronics Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Refurbished Smartphone Market?

The market share growth by the android segment will be significant during the forecast period. The Android operating system (OS) is the most widely used mobile operating system in the world. Owing to the low cost and availability of a variety of features, the refurbished Android OS has been gaining popularity among consumers globally. There are many vendors that offer the Android operating system, but Samsung Electronics Co. Ltd. (Samsung) has its own operating system. For example, Samsung Electronics uses its Tizen OS for smartphones. 

Refurbished Smartphone Market Size

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The android segment was valued at USD 25.67 billion in 2017 and continued to grow until 2021The growing interest in circular economy models is one of the main drivers of growth in this segment. The growth of circular businesses is driving partnerships and interactions between sellers and refurbishers in the marketplace. Apart from that, high purchase prices and lack of new disruptive features in android phones slowed down consumer replacement rates of older phones. Moreover, the demand for repair services and remanufactured smartphones is also increasing, especially in emerging markets. Most of the established vendors have started selling their refurbished products on their official websites. As the demand for refurbished android smartphones increases, other vendors are expected to launch their websites for selling refurbished smartphones, which is expected to fuel the growth of the market in focus during the forecast period.

Which are the Key Regions for the Refurbished Smartphone Market?

Refurbished Smartphone Market Share by Geography

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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In recent years, the APAC market has grown significantly. China, India, and Indonesia are the major revenue-generating countries in the region. The growth of the market in this region is driven by various factors such as the development of telecommunication infrastructure, rising smartphone prices, and the lack of disruptive features in android smartphones. As the prices of smartphones remain high-end, many APAC consumers prefer refurbished models from big-name brands such as Apple and Samsung. Such factors will contribute to the growth of the regional market during the forecast period.

In 2020, the outbreak of the COVID-19 pandemic adversely impacted the growth of the market in APAC. However, the resumption of manufacturing activities, after lifting the nationwide lockdowns and large-scale vaccination drives 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. Furthermore, the regional market is expected to witness high growth, owing to the growing availability of online platforms offering refurbished premiums smartphones in this region at affordable prices during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • OS Outlook (USD Billion, 2017 - 2027)
    • Android
    • IOS
  • Price Range Outlook (USD Billion, 2017 - 2027)
    • Low-priced
    • Medium-priced
    • Premium
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

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. The parent market, the global consumer electronics market, covers products and companies engaged in the manufacturing/marketing of consumer robotics, home audio and video products, televisions, digital cameras, and related products.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Refurbished Smartphone Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 13.69%

Market growth 2023-2027

USD 51.79 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

12.44

Regional analysis

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

Performing market contribution

APAC at 49%

Key countries

US, China, India, Indonesia, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alibaba Group Holding Ltd., Apple Inc., AT and T Inc., Back Market, Best Buy Co. Inc., eBay Inc., Gadgetwood E Services Pvt. Ltd., HOMES SOLUTION LTD., Manak Waste Management Pvt. Ltd., NIPPON TELEPHONE INC, One97 Communications Ltd., Qarmatek Services Pvt. Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Refurboffers, 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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the refurbished smartphone market between 2023 and 2027
  • Precise estimation of the size of the refurbished smartphone market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market 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 about vendors
  • Comprehensive analysis 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 Market Segmentation by Price Range
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global refurbished smartphone market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global refurbished smartphone market 2017 - 2021 ($ billion)
    • 4.2 OS Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – OS Segment 2017 - 2021 ($ billion)
    • 4.3 Price range Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Price range Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
    • 4.6 Global refurbished smartphone market by Country 2022 - 2027
      • Exhibit 23: Historic Market Size (value) – Data Table on Global refurbished smartphone market by Country 2022 - 2027 (million units)
      • Exhibit 24: Historic Market Size (volume) – Data Table on Global refurbished smartphone market by Country 2022 - 2027 (million units)
    • 4.7 Global refurbished smartphone market by Country 2022 - 2027
      • Exhibit 25: Historic Market Size (value) – Data Table on Global refurbished smartphone market by Country 2022 - 2027 (million units)
      • Exhibit 26: Historic Market Size (volume) – Data Table on Global refurbished smartphone market by Country 2022 - 2027 (million units)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 27: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 28: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 29: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 30: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 31: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 32: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 33: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by OS

    • 6.1 Market segments
      • Exhibit 34: Chart on OS - Market share 2022-2027 (%)
      • Exhibit 35: Data Table on OS - Market share 2022-2027 (%)
    • 6.2 Comparison by OS
      • Exhibit 36: Chart on Comparison by OS
      • Exhibit 37: Data Table on Comparison by OS
    • 6.3 Android - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Android - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Android - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Android - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Android - Year-over-year growth 2022-2027 (%)
    • 6.4 iOS - Market size and forecast 2022-2027
      • Exhibit 42: Chart on iOS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on iOS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on iOS - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on iOS - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by OS
      • Exhibit 46: Market opportunity by OS ($ billion)
      • Exhibit 47: Data Table on Market opportunity by OS ($ billion)

    7 Market Segmentation by Price Range

    • 7.1 Market segments
      • Exhibit 48: Chart on Price Range - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Price Range - Market share 2022-2027 (%)
    • 7.2 Comparison by Price Range
      • Exhibit 50: Chart on Comparison by Price Range
      • Exhibit 51: Data Table on Comparison by Price Range
    • 7.3 Low-priced - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Low-priced - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Low-priced - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Low-priced - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Low-priced - Year-over-year growth 2022-2027 (%)
    • 7.4 Medium-priced - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Medium-priced - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Medium-priced - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Medium-priced - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Medium-priced - Year-over-year growth 2022-2027 (%)
    • 7.5 Premium - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Premium - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Premium - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Premium - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Premium - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Price Range
      • Exhibit 64: Market opportunity by Price Range ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Price Range ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Indonesia - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Indonesia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Indonesia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Amazon.com Inc.
              • Exhibit 119: Amazon.com Inc. - Overview
              • Exhibit 120: Amazon.com Inc. - Business segments
              • Exhibit 121: Amazon.com Inc. - Key news
              • Exhibit 122: Amazon.com Inc. - Key offerings
              • Exhibit 123: Amazon.com Inc. - Segment focus
            • 12.4 Apple Inc.
              • Exhibit 124: Apple Inc. - Overview
              • Exhibit 125: Apple Inc. - Business segments
              • Exhibit 126: Apple Inc. - Key news
              • Exhibit 127: Apple Inc. - Key offerings
              • Exhibit 128: Apple Inc. - Segment focus
            • 12.5 AT and T Inc.
              • Exhibit 129: AT and T Inc. - Overview
              • Exhibit 130: AT and T Inc. - Business segments
              • Exhibit 131: AT and T Inc. - Key news
              • Exhibit 132: AT and T Inc. - Key offerings
              • Exhibit 133: AT and T Inc. - Segment focus
            • 12.6 Back Market
              • Exhibit 134: Back Market - Overview
              • Exhibit 135: Back Market - Product / Service
              • Exhibit 136: Back Market - Key offerings
            • 12.7 Best Buy Co. Inc.
              • Exhibit 137: Best Buy Co. Inc. - Overview
              • Exhibit 138: Best Buy Co. Inc. - Business segments
              • Exhibit 139: Best Buy Co. Inc. - Key offerings
              • Exhibit 140: Best Buy Co. Inc. - Segment focus
            • 12.8 HOMES SOLUTION LTD.
              • Exhibit 141: HOMES SOLUTION LTD. - Overview
              • Exhibit 142: HOMES SOLUTION LTD. - Product / Service
              • Exhibit 143: HOMES SOLUTION LTD. - Key offerings
            • 12.9 Manak Waste Management Pvt. Ltd.
              • Exhibit 144: Manak Waste Management Pvt. Ltd. - Overview
              • Exhibit 145: Manak Waste Management Pvt. Ltd. - Product / Service
              • Exhibit 146: Manak Waste Management Pvt. Ltd. - Key offerings
            • 12.10 NIPPON TELEPHONE INC
              • Exhibit 147: NIPPON TELEPHONE INC - Overview
              • Exhibit 148: NIPPON TELEPHONE INC - Product / Service
              • Exhibit 149: NIPPON TELEPHONE INC - Key offerings
            • 12.11 Qarmatek Services Pvt. Ltd.
              • Exhibit 150: Qarmatek Services Pvt. Ltd. - Overview
              • Exhibit 151: Qarmatek Services Pvt. Ltd. - Product / Service
              • Exhibit 152: Qarmatek Services Pvt. Ltd. - Key offerings
            • 12.12 Quikr India Pvt. Ltd.
              • Exhibit 153: Quikr India Pvt. Ltd. - Overview
              • Exhibit 154: Quikr India Pvt. Ltd. - Product / Service
              • Exhibit 155: Quikr India Pvt. Ltd. - Key offerings
            • 12.13 Reboxed Ltd.
              • Exhibit 156: Reboxed Ltd. - Overview
              • Exhibit 157: Reboxed Ltd. - Product / Service
              • Exhibit 158: Reboxed Ltd. - Key offerings
            • 12.14 Samsung Electronics Co. Ltd.
              • Exhibit 159: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 160: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 161: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 162: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 163: Samsung Electronics Co. Ltd. - Segment focus
            • 12.15 Smart Cellular
              • Exhibit 164: Smart Cellular - Overview
              • Exhibit 165: Smart Cellular - Product / Service
              • Exhibit 166: Smart Cellular - Key offerings
            • 12.16 Verizon Communications Inc.
              • Exhibit 167: Verizon Communications Inc. - Overview
              • Exhibit 168: Verizon Communications Inc. - Business segments
              • Exhibit 169: Verizon Communications Inc. - Key offerings
              • Exhibit 170: Verizon Communications Inc. - Segment focus
            • 12.17 Walmart Inc.
              • Exhibit 171: Walmart Inc. - Overview
              • Exhibit 172: Walmart Inc. - Business segments
              • Exhibit 173: Walmart Inc. - Key news
              • Exhibit 174: Walmart Inc. - Key offerings
              • Exhibit 175: Walmart Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              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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              Refurbished Smartphone market growth will increase by $51.79 billion during 2023-2027.
              The refurbished smartphone market is expected to grow at a CAGR of 13.69% during 2023-2027.
              Technavio has segmented the refurbished smartphone market by os (Android, iOS, Europe, South America, and Middle East and Africa) ,price range (Low-priced, Medium-priced, Premium, South America, and Middle East and Africa) , and geography (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., eBay Inc., Gadgetwood E Services Pvt. Ltd., HOMES SOLUTION LTD., Manak Waste Management Pvt. Ltd., NIPPON TELEPHONE INC, One97 Communications Ltd., Qarmatek Services Pvt. Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Refurboffers, 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.
              APAC will register the highest growth rate of 49.02% among the other regions. Therefore, the refurbished smartphone 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 growth are:
              • Circular economy and sustainability
              • Growing number of online platforms dealing in refurbished smartphone
              The refurbished smartphone market vendors should focus on grabbing business opportunities from the android segment as it accounted for the largest market share in the base year.
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