Used and Refurbished Smartphone Market
Segments - by Types (Refurbished Phones [Company-owned and Consumer-owned] and Used Phones [Trade-ins and Buybacks]), by Pricing Range (Low-priced {Less than $200}, Mid-priced {$200-$500}, and Premium {More than $500}), by Sales Channels (Online/E-commerce Platforms and Physical Retail Stores), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global used and refurbished smartphone market was valued at USD 54.9 billion in 2021 and is projected to reach USD 130.6 billion by 2030, expanding at a CAGR of 10.1% during the forecast period, between 2022 and 2030. Increasing demand for pocket-friendly second-hand phones in the world is driving the global used and refurbished smartphones market. Rising adoption of used and refurbished phones and consumer electronics of good quality among consumers is expected to propel the used and refurbished smartphone market. During the pandemic, a lot of people opted for low-cost mobile phones, which boosted the market.
Introduction to Used and Refurbished Smartphones:
Refurbished smartphone is a mobile phone that has already been used by a person before and is formatted for resale in the market. Refurbished smartphones are offered by a reseller with a warranty based on earlier usage and condition of the cell phone. Some cell phones bear scratches and dents on the body and screen. Refurbished smartphones are properly tested by the reseller and certified. The quality of the refurbished smartphone needs to be checked before purchase. Mobile phones are used by people on a daily basis. Most people upgrade their phones and exchange the used one with a new cell phone.
Market Trends, Drivers, Restraints, and Opportunities:
- High availability of used and refurbished smartphones that are affordable and of good quality is projected to drive the used and refurbished smartphone market in the forecast period.
- Inclusion of EMI in payment options for buying cell phones by many sellers is propelling the market.
- Development of 5G technology for high-speed network in smartphones is boosting the demand for smartphones, which is expected to fuel the used and refurbished smartphone market.
- Availability of cell phones of bad quality and rising security concerns among the consumers are key factors that are restraining the growth of the market.
- Surging use of mobile phones for immediate and important purposes only is expected to hinder the market growth.
- Increasing adoption of affordable and good quality smartphones among consumers is creating opportunities for growth in the market.
Scope of the Report:
The report on the global used and refurbished smartphone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Used and Refurbished Smartphone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019-2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Types (Refurbished Phones [Company-owned and Consumer-owned] and Used Phones [Trade-ins and Buybacks]), Pricing Range (Low-priced {Less than $200}, Mid-priced {$200-$500}, and Premium {More than $500}), and Sales Channels (Online/E-commerce Platforms and Physical Retail Stores) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Apple Inc., Amazon, Samsung, Huawei, Yaantra, Cashify, Walmart, eBay, Paytm, Mobiru India Private Limited, and Alibaba |
Used and Refurbished Smartphone Market Segment Insights:
Refurbished phones segment to lead the market
Based on types, the used and refurbished smartphone market is classified as refurbished phones and used phones. The refurbished phones segment is further segmented into company-owned and consumer-owned phones. The used phones segment is further segmented into trade-ins and buyback phones. The refurbished phones held a key share of the market in 2021 in terms of revenue and is estimated to lead the market in the forecast period. Sellers are providing refurbished phones at cheap rates with discounts, which attracts a large number of customers. This is propelling the market.
Mid-priced segment to register significant growth
In terms of pricing range, the used and refurbished smartphone market is segmented into low-priced (less than $200), mid-priced ($200-$500), and premium (more than $500). The mid-priced segment accounts for a major share of the market in 2021 and is expected to register significant growth during the forecast period. High availability of mid-priced cell phones on online platforms with different payment options is boosting the segment. Rising demand from the middle-class population for good quality affordable mobile phones is fueling the market.
Online platforms segment to expand at a rapid pace
On the basis of sales channels, the used and refurbished smartphone market is bifurcated into online/e-commerce platforms and physical retail stores. In 2021, sales through the online sales segment were high. The online platforms segment is anticipated to expand at a rapid pace. This segment generated the highest share of revenue in the used and refurbished smartphone market. Online platforms aid in the comparison of different mobile phones. Hence, people prefer online platforms for purchasing products.
Asia Pacific to dominate the global market
Based on regions, the used and refurbished smartphone market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific accounted for the largest share of the market in 2021 and is projected to dominate the global market. Increasing demand for refurbished smartphones by consumers in the region is fueling the market. Rapidly growing technology and developing infrastructure are boosting the used and refurbished smartphone market in the region. Increasing number of regulations and laws for recycling waste materials and reducing e-waste is anticipated to propel the market.
Segments
The global used and refurbished smartphone market has been segmented on the basis of
By Types
- Refurbished Phones
- Company-owned
- Consumer-owned
- Used Phones
- Trade-ins
- Buybacks
By Pricing Range
- Low-priced (Less than $200)
- Mid-priced ($200-$500)
- Premium (More than $500)
By Sales Channels
- Online/E-commerce Platforms
- Physical Retail Stores
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Apple Inc.
- Amazon
- Samsung
- Huawei
- Yaantra
- Cashify
- Walmart
- eBay
- Paytm
- Mobiru India Private Limited
- Alibaba
Competitive Landscape
Key players in the global used and refurbished smartphone market are Apple Inc., Amazon, Samsung, Huawei, Yaantra, Cashify, Walmart, eBay, Paytm, Mobiru India Private Limited, and Alibaba. The key market players are working on providing good quality phones at affordable prices to the users. They are investing in R&D and acquisitions to maintain their geographical presence in the market.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Used and Refurbished Smartphone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Used and Refurbished Smartphone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Used and Refurbished Smartphone Market - Supply Chain
4.5. Global Used and Refurbished Smartphone Market Forecast
4.5.1. Used and Refurbished Smartphone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Used and Refurbished Smartphone Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Used and Refurbished Smartphone Market Absolute $ Opportunity
5. Global Used and Refurbished Smartphone Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Used and Refurbished Smartphone Market Size and Volume Forecast by Types
5.3.1. Refurbished Phones
5.3.2. Used Phones
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Used and Refurbished Smartphone Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Used and Refurbished Smartphone Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
7. North America Used and Refurbished Smartphone Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Used and Refurbished Smartphone Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Used and Refurbished Smartphone Market Size and Volume Forecast by Types
7.4.1. Refurbished Phones
7.4.2. Used Phones
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
8. Latin America Used and Refurbished Smartphone Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Used and Refurbished Smartphone Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Used and Refurbished Smartphone Market Size and Volume Forecast by Types
8.4.1. Refurbished Phones
8.4.2. Used Phones
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
9. Europe Used and Refurbished Smartphone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Used and Refurbished Smartphone Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Used and Refurbished Smartphone Market Size and Volume Forecast by Types
9.4.1. Refurbished Phones
9.4.2. Used Phones
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
10. Asia Pacific Used and Refurbished Smartphone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Used and Refurbished Smartphone Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Used and Refurbished Smartphone Market Size and Volume Forecast by Types
10.4.1. Refurbished Phones
10.4.2. Used Phones
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
11. Middle East & Africa Used and Refurbished Smartphone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Used and Refurbished Smartphone Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Used and Refurbished Smartphone Market Size and Volume Forecast by Types
11.4.1. Refurbished Phones
11.4.2. Used Phones
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Used and Refurbished Smartphone Market: Market Share Analysis
12.2. Used and Refurbished Smartphone Distributors and Customers
12.3. Used and Refurbished Smartphone Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Apple Inc.
12.4.2. Amazon
12.4.3. Samsung
12.4.4. Huawei
12.4.5. Yaantra
12.4.6. Cashify
12.4.7. Walmart
12.4.8. eBay
2. Assumptions and Acronyms Used
3. Research Methodology
4. Used and Refurbished Smartphone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Used and Refurbished Smartphone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Used and Refurbished Smartphone Market - Supply Chain
4.5. Global Used and Refurbished Smartphone Market Forecast
4.5.1. Used and Refurbished Smartphone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Used and Refurbished Smartphone Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Used and Refurbished Smartphone Market Absolute $ Opportunity
5. Global Used and Refurbished Smartphone Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Used and Refurbished Smartphone Market Size and Volume Forecast by Types
5.3.1. Refurbished Phones
5.3.2. Used Phones
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Used and Refurbished Smartphone Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Used and Refurbished Smartphone Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
7. North America Used and Refurbished Smartphone Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Used and Refurbished Smartphone Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Used and Refurbished Smartphone Market Size and Volume Forecast by Types
7.4.1. Refurbished Phones
7.4.2. Used Phones
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
8. Latin America Used and Refurbished Smartphone Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Used and Refurbished Smartphone Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Used and Refurbished Smartphone Market Size and Volume Forecast by Types
8.4.1. Refurbished Phones
8.4.2. Used Phones
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
9. Europe Used and Refurbished Smartphone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Used and Refurbished Smartphone Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Used and Refurbished Smartphone Market Size and Volume Forecast by Types
9.4.1. Refurbished Phones
9.4.2. Used Phones
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
10. Asia Pacific Used and Refurbished Smartphone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Used and Refurbished Smartphone Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Used and Refurbished Smartphone Market Size and Volume Forecast by Types
10.4.1. Refurbished Phones
10.4.2. Used Phones
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
11. Middle East & Africa Used and Refurbished Smartphone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Used and Refurbished Smartphone Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Used and Refurbished Smartphone Market Size and Volume Forecast by Types
11.4.1. Refurbished Phones
11.4.2. Used Phones
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Used and Refurbished Smartphone Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Used and Refurbished Smartphone Market: Market Share Analysis
12.2. Used and Refurbished Smartphone Distributors and Customers
12.3. Used and Refurbished Smartphone Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Apple Inc.
12.4.2. Amazon
12.4.3. Samsung
12.4.4. Huawei
12.4.5. Yaantra
12.4.6. Cashify
12.4.7. Walmart
12.4.8. eBay
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