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Global Refurbished and Used Mobile Phones Market Size, Share, Outlook, Report: By Type: Refurbished Phones, Used Phones; By Pricing Range: Low-Priced, Medium-Priced, Premium; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Refurbished and Used Mobile Phones Market Outlook

The global refurbished and used mobile phones market size reached a value of USD 58.5 billion in 2022. The market is expected to grow at a CAGR of 6.80% between 2023 and 2028, reaching a value of around USD 85.1 billion by 2028.

 

Key Trends in the Market

A refurbished mobile phone is a previously owned mobile phone that has been repaired and restored for resale purposes, while a used mobile phone is simply a phone that was previously used and is then resold. Refurbished and used mobile phones tend to cost significantly less than new phones. While both refurbished and used phones are previously owned, refurbished phones are generally sold by networks, manufacturers, or retailers who test, repair, and verify that the phone adheres to a set of criteria, whereas used mobile phones are sold by individuals. Refurbished mobile phones may come with limited warranties, which are commonly not offered with used phones.

 

  • Purchase of refurbished and used mobile phones is expected to rise dramatically over the coming years due to the rising popularity of consumer electronics, refurbished phones, and used phones through various online and offline sales channels. The growth of smartphone adoption, burgeoning emerging markets, and increased consumer demand for low-cost items all have a positive impact on the refurbished and used mobile phones market.
  • One of the key trends of the market for refurbished and used mobile phones has been an increase in costs of new mobile phones with limited feature upgrades. As older mobile phones continue to be useful and costs of new phones increase, more individuals and companies are buying refurbished and used mobile phones at lower costs. Refurbished phones are thoroughly tested, increasing their reliability while used phones are available in relatively new condition and can be verified by buyers.
  • The growth of online platforms offering refurbished and used smartphones are increasing the penetration of the refurbished and used mobile phones market, especially in emerging economies. The easy availability of refurbished and used mobile phones on online platforms from reliable sellers and networks, with complete details and multiple images and videos are encouraging buyers to purchase pre-owned mobile phones.

 

Global Refurbished and Used Mobile Phones Market Analysis

Based on type, the market is bifurcated into refurbished phones and used phones. The market on the basis of pricing range is segmented into low-priced, medium-priced, and premium. Based on distribution channel, the market is categorised into online and offline. The regional markets for refurbished and used mobile phones are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global refurbished and used mobile phones market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Apple Inc.
  • Samsung Electronics Co. Ltd
  • Amazon.com, Inc.
  • AT&T Inc.
  • Flipkart Internet Private Limited
  • Reboxed Limited
  • FoneGiant.com
  • Verizon
  • Kempf Enterprises Limited
  • Nippon Telephone Inc.
  • Others

 

Market Share by Pricing Range

According to pricing range, the medium-priced segment is anticipated to contribute significantly to the refurbished and used mobile phones market. Due to the wide selection of mid-priced cell phones on online buying sites with a variety of payment ways, the category is expanding. Premium mobile phones after a few years tend to be priced in the medium range in refurbished and used format, enabling consumers interested in high-end phones to purchase them at a lower cost. Furthermore, medium-priced refurbished and used mobile phones tend to have better quality than low-priced alternatives and are available in a greater variety.

 

Market Share by Region

Asia Pacific is anticipated to maintain a dominant position in the refurbished and used mobile phones market during the forecast period, led by countries like China, Indonesia, and India. The expansion of telecom infrastructure, rising costs of new smartphones, and increased accessibility of refurbished and used mobile phones are supporting the growth of the region's market. Pre-owned mobile phones are becoming more socially acceptable and improvements in refurbished and used mobile phone quality are encouraging more consumers to purchase pre-owned mobile phones. The growing trend of owning separate phones for work and personal purposes is also increasing the demand for the refurbished and used mobile phones market by companies looking to purchase low cost phones to assign to workers.

 

Competitive Landscape

Amazon.com, Inc., with its headquarters in Washington, United States and established in 1994, is a multinational American enterprise that is well-known for its e-commerce offerings, with expansions into cloud computing, digital streaming, and artificial intelligence. The company uses an Amazon-to-buyer sales strategy, providing a massive product selection and inventory, to offer customers virtually anything, ranging from clothing and accessories, to gourmet food, jewellery, books, movies, electronics, and household goods.

 

AT&T Inc., founded in 1983 and headquartered in Texas in the United States offers services in telecommunications, media, and technology. The company provides wholesale services, telecommunications equipment, managed networking, wireless communications, cell phone, digital television, data/broadband, and internet services, as well as local and long-distance telephone services.

 

Verizon, established in 2000 is one of the top suppliers of technology and communications services. Through its wireless and wireline networks, the company, which has its headquarters in New York in the United States, provides voice, data, and video services and solutions. It provides value-added services such corporate networking solutions, security and managed network services, data centre and cloud services, and local and long-distance voice services.

 

Other market players include Apple Inc., Samsung Electronics Co. Ltd, Flipkart Internet Private Limited, Reboxed Limited, FoneGiant.com, Kempf Enterprises Limited, and Nippon Telephone Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Pricing Range
  • Distribution Channel
  • Region
Breakup by Type
  • Refurbished Phones
  • Used Phones
Breakup by Pricing Range
  • Low-Priced
  • Medium-Priced
  • Premium
Breakup by Distribution Channel
  • Online
  • Offline
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Apple Inc.
  • Samsung Electronics Co. Ltd
  • Amazon.com, Inc.
  • AT&T Inc.
  • Flipkart Internet Private Limited
  • Reboxed Limited
  • FoneGiant.com
  • Verizon
  • Kempf Enterprises Limited
  • Nippon Telephone Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Refurbished and Used Mobile Phones Market Analysis

    8.1    Key industry Highlights
    8.2    Global Refurbished and Used Mobile Phones Historical Market (2018-2022) 
    8.3    Global Refurbished and Used Mobile Phones Market Forecast (2023-2028)
    8.4    Global Refurbished and Used Mobile Phones Market by Type
        8.4.1    Refurbished Phones 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Used Phones
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Refurbished and Used Mobile Phones Market by Pricing Range
        8.5.1    Low-Priced
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Medium-Priced
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Premium
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Refurbished and Used Mobile Phones Market by Distribution Channel
        8.6.1    Online
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Offline
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Refurbished and Used Mobile Phones Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Refurbished and Used Mobile Phones Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Refurbished and Used Mobile Phones Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Refurbished and Used Mobile Phones Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Refurbished and Used Mobile Phones Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Refurbished and Used Mobile Phones Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key indicators for Demand
    14.4    Key indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Apple Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Samsung Electronics Co. Ltd
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Amazon.com, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    AT&T Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Flipkart Internet Private Limited
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Reboxed Limited
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    FoneGiant.com
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Verizon
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Kempf Enterprises Limited
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Nippon Telephone Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Refurbished and Used Mobile Phones Market: Key industry Highlights, 2018 and 2028
2.    Global Refurbished and Used Mobile Phones Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Refurbished and Used Mobile Phones Historical Market: Breakup by Pricing Range (USD Million), 2018-2022
5.    Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Pricing Range (USD Million), 2023-2028
6.    Global Refurbished and Used Mobile Phones Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7.    Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8.    Global Refurbished and Used Mobile Phones Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Refurbished and Used Mobile Phones Market Structure

Key Questions Answered in the Report

In 2022, the global market for refurbished and used mobile phones attained a value of USD 58.5 billion.

The market is projected to grow at a CAGR of 6.80% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 85.1 billion by 2028.

The major drivers of the refurbished and used mobile phones market include the increasing availability of good quality refurbished and used mobile phones, rising consumer demand for low-cost goods, and surging smartphone penetration.

The rising costs of new smartphones, availability of refurbished and used mobile phones on online platforms, and reduction in feature-upgrades in new mobile phones are the key trends propelling the growth of the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The market on the basis of pricing range is segmented into low-priced, medium-priced, and premium.

The lifespan of a refurbished or used mobile phone depends upon multiple factors, such as the manufacturing date, durability, and condition of the mobile phone. Refurbished mobile phones may last longer as their quality has been checked and repairs made.

The primary distribution channels in the market are online and offline.

The major players in the market are Apple Inc., Samsung Electronics Co. Ltd, Amazon.com, Inc., AT&T Inc., Flipkart Internet Private Limited, Reboxed Limited, FoneGiant.com, Verizon, Kempf Enterprises Limited, and Nippon Telephone Inc., among others.

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