China Refurbished and Used Mobile Phones Market Size, Trends and Insights By Type (Refurbished phones, Used phones), By Price point (Low-priced, Mid-priced, Premium), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI20718

Published Date: November 2022

Pages: 220+

Category: China

Report Snapshot

CAGR: 12.20%
19.04B
2021
33.2B
2022
52.60B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Apple Inc.
  • Amazon
  • Samsung
  • Verizon Communications, Inc.
  • Cashify
  • Walmart
  • Others

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Reports Description

According to Custom Market Insights (CMI), China Refurbished and Used Mobile Phones Market size was estimated at USD 19.04 Billion in 2021 and is expected to reach USD 33.2 billion in 2022 and is expected to hit around USD 52.60 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 12.20% from 2022 to 2030.

China Refurbished and Used Mobile Phones Market (By Type)

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Our recently published report, “China Refurbished and Used Mobile Phones Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis. 

China Refurbished and Used Mobile Phones Market: Overview

Used phones are mobile phones that have been used by consumers and then sold to other customers through market re-commerce platforms. Because customers must inspect the phone’s functioning condition and functionality, used phones are rarely the customer’s first choice when acquiring a phone. As a result, refurbished phones have increased in popularity since they already have all of the inspections, and the customer does not have to spend extra time guaranteeing the quality. In addition, used phones are less expensive than new versions on the market, enabling middle-class customers to pick in excellent condition and inexpensive used phones.

A refurbished phone is a secondhand phone sold by an individual to a carrier, manufacturer, or retailer. The phones are tested, repaired, and certified to verify that they meet the specifications. The fixed phones are also for sale at a reduced price. Due to the proliferation of new smartphone technologies, the total cost of smartphones has risen. As a result, shoppers in developing countries are hesitant to spend huge sums on new cellular telephones and instead go for secondhand devices. A year or two-year-old refurbished model would give roughly the same utility, and the technology is up to date.

China Refurbished and Used Mobile Phones Market By ( Price point )

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China Refurbished and Used Mobile Phones Market: COVID – 19 Impact Analysis

The lack of raw materials like semiconductors in China during the pandemic, owing to the closure of international borders, to contain the spread of the COVID-19 virus had negatively impacted the supply chains. It hampered the export and import of essential raw materials and smartphones globally. This created a new opportunity for the vendors operating in China’s refurbished and used mobile phones market. The increased demand for second-hand phones during the pandemic is expected to have a long-term impact on the China market owing to the changes in consumer buying and consumption behavior.

Therefore, the COVID-19 pandemic had a slightly negative impact on the market’s revenues. However, it boosted the demand for refurbished and used phones across the globe and positively impacted the market by creating a tremendous growth opportunity for the vendors operating in China’s refurbished and used mobile phones market.

China Refurbished and Used Mobile Phones Market: Growth Drivers

Popularity of eCommerce

E-commerce refers to online shops selling products and services without needing physical premises. These online platforms’ easy accessibility, hefty discounts, and offers to stimulate the sales of refurbished and used mobile phones. Furthermore, online buying has become a macro trend due to the increasing internet penetration rate. Moreover, internet sales in the Asia-Pacific area have increased significantly in recent years. Furthermore, the accessibility of data about mobile phones, including their date of refurbishment, specifications, and home delivery capability via e-commerce, helps the expansion of the e-commerce industry for refurbished and used mobile phones.

E-commerce is becoming a popular medium for purchase because of the widespread availability of mobile phones and the benefits they give, such as product information and the option of home delivery to clients. Furthermore, due to their fundamental aspects of growing customer reach, e-commerce platforms in the Asia-Pacific area have become the primary source of revenue for several organizations. In addition, increased e-commerce sales, advancements in logistical services, and the simplicity of payment alternatives contribute to the market’s growth.

The popularity of refurbished smartphones

The number of smartphones integrated with cutting-edge technology has risen in China over the last five years. The proliferation of new smartphone technologies has increased the total cost of smartphones. As a result, clients in developing countries are hesitant to spend huge sums on new phones and prefer to purchase refurbished and used phones. A year or two-year-old reconditioned and used mobile device would supply them with roughly the same utility, and the technology is up to date.

Furthermore, the rising supply-demand mismatch in China’s market for newly released devices gives a platform for selling refurbished and used mobile phones. Consumers are willing to accept refurbished and used models launched in the last one or two years because they offer the same experience as new gadgets. The increased popularity and acceptance of refurbished and used mobile phones are expected to fuel market growth over the projected period.

China Refurbished and Used Mobile Phones Market: Segmentation Analysis

The refurbished and used mobile phones market is segmented based on type, price point, and region. Based on type, it is segmented into refurbished phones and used phones. Based on the price point, it is low-priced, mid-priced, and premium. 

According to refurbished and used mobile phones market analysis, based on type, the refurbished segment gained a significant share in China’s market in 2021 and is expected to sustain its market share during the forecast period as the availability of refurbished smartphones is higher compared to used mobile phones and the population is highly interested in getting a hands-on experience of the new devices. In addition, introducing or launching new devices in the region has encouraged consumers to shift to the use of new phones, creating a surplus volume of used phones in the market. Furthermore, growth in the popularity and feasibility of high-performing phones propels sales of refurbished and used mobile phones among the population across the region.

According to refurbished and used mobile phone market trends, based on price point, the mid-priced segment gained a significant share in China’s market in 2021 and is expected to sustain its market share during the forecast period. A consistent increase in disposable income and growing interest in high-performing quality phones is increasing the support for the sales of mid-priced refurbished and used mobile phones during the forecast period. In addition, the increasing launch of new models of smartphones is affecting the price of the old models as it becomes more affordable for the population to purchase.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 19.04 Billion
Projected Market Size in 2030 USD 52.60 Billion
Market Size in 2022 USD 33.2 billion
CAGR Growth Rate 12.20% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Apple Inc., Amazon, Samsung, Verizon Communications, Inc., Cashify, Walmart, eBay, Paytm, Huawei , Yaantra, AT&T Inc., and Others
Key Segment By Type, Price point, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Country Scope China
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • Based on type segmentation, the refurbished phones segment is estimated to hold the largest market share during the forecast period.
  • Based on price point, the mid-priced segment is the leading revenue-generating category during the forecast period.

Recent Development

  • In September 2022, Apple, Inc. introduced all the models of refurbished iPhone 12 to be kept up for sale. Previously Apple was involved in selling iPhone 11 and its predecessor models.

Country Landscape

Throughout the projection period, China will likely remain one of the most appealing regions, accounting for the bulk of market revenue. China stands out for its high level of disposable money, increased interest in technology, and high demand for high-quality intelligent gadgets. These reasons contribute to a greater need for refurbished and used mobile phones. Furthermore, market development is driven by the rise of e-commerce platforms and more significant investment in the refurbishment sector. Moreover, the introduction of 5G services throughout the region is growing smartphone sales, and it is expected that as the market for new smartphones expands further, the need for refurbished and used phones will offer equivalent development potential.

China Refurbished and Used Mobile Phones Market (trends by region)

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Competitive Landscape

Our report offers quantitative and qualitative insights into the refurbished and used mobile phones market and significant development initiatives adopted by the key players. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments. 

Prominent Players:

  • Apple Inc.
  • Amazon
  • Samsung
  • Verizon Communications, Inc.
  • Cashify
  • Walmart
  • eBay
  • Paytm
  • Huawei
  • Yaantra
  • AT&T Inc.

The China refurbished and used mobile phones market is segmented as follows:

By Type

  • Refurbished phones
  • Used phones

By Price point

  • Low-priced
  • Mid-priced
  • Premium

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 China Refurbished and Used Mobile Phones Market, (2022 – 2030) (USD Billion)
    • 2.2 China Refurbished and Used Mobile Phones Market : snapshot
  • Chapter 3. China Refurbished and Used Mobile Phones Market – Industry Analysis
    • 3.1 China Refurbished and Used Mobile Phones Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Popularity of ecommerce
      • 3.2.2 Increasing dependency on smartphones.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Price point
  • Chapter 4. China Refurbished and Used Mobile Phones Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 China Refurbished and Used Mobile Phones Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. China Refurbished and Used Mobile Phones Market – Type Analysis
    • 5.1 China Refurbished and Used Mobile Phones Market overview: By Type
      • 5.1.1 China Refurbished and Used Mobile Phones Market share, By Type, 2021 and 2030
    • 5.2 Refurbished phones
      • 5.2.1 China Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
    • 5.3 Used phones
      • 5.3.1 China Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • Chapter 6. China Refurbished and Used Mobile Phones Market – Price point Analysis
    • 6.1 China Refurbished and Used Mobile Phones Market overview: By Price point
      • 6.1.1 China Refurbished and Used Mobile Phones Market share, By Price point, 2021 and 2030
    • 6.2 Low-priced
      • 6.2.1 China Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
    • 6.3 Mid-priced
      • 6.3.1 China Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
    • 6.4 Premium
      • 6.4.1 China Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • Chapter 7. China Refurbished and Used Mobile Phones Market – Regional Analysis
    • 7.1 China Refurbished and Used Mobile Phones Market Regional Overview
    • 7.2 China Refurbished and Used Mobile Phones Market Share, by Region, 2021 & 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Apple Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Amazon
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Samsung
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Verizon Communications
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 AT&T Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Cashify
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Walmart
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 eBay
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Paytm
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Huawei
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Yaantra
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. China Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. China Refurbished and Used Mobile Phones Market attractiveness, By Type
  • 6. China Refurbished and Used Mobile Phones Market attractiveness, By Price point
  • 7. China Refurbished and Used Mobile Phones Market share by Type, 2022 and 2030 (USD Billion)
  • 8. China Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
  • 9. China Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • 10. China Refurbished and Used Mobile Phones Market share by Price point, 2022 and 2030 (USD Billion)
  • 11. China Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
  • 12. China Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
  • 13. China Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • 14. China Refurbished and Used Mobile Phones Market share, by Region, 2022 and 2030
List Of Tables
  • 1. China Refurbished and Used Mobile Phones Market: Snapshot
  • 2. Drivers of the China Refurbished and Used Mobile Phones Market: impact analysis

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Apple Inc.
  • Amazon
  • Samsung
  • Verizon Communications, Inc.
  • Cashify
  • Walmart
  • eBay
  • Paytm
  • Huawei
  • Yaantra
  • AT&T Inc.

FAQs

The key factors driving the market are popularity of ecommerce and increasing dependency on smartphones.

The key players operating in the China Refurbished and Used Mobile Phones market are Apple, Samsung, Huawei, and others.

The China Refurbished and Used Mobile Phones market is expanding growth with a CAGR of approximately 12.20% during the forecast period (2022 to 2030).

The China Refurbished and Used Mobile Phones market size was valued at USD 19.04 Billion in 2021 and it is projected to reach around USD 52.60 Billion by 2030.

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