Europe 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: CMI20719

Published Date: November 2022

Pages: 220+

Category: Europe

Report Snapshot

CAGR: 9.78%
5.91B
2021
6.74B
2022
13.41B
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), Europe Refurbished and Used Mobile Phones Market size was estimated at USD 5.91 Billion in 2021 and is expected to reach USD 6.74 billion in 2022 and is expected to hit around USD 13.41 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 9.78% from 2022 to 2030.

Our recently published report, “Europe 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. 

Europe Refurbished and Used Mobile Phones Market: Overview

A refurbished phone is a used phone that a customer sells to a network, manufacturer, or retailer. After that, the phones are checked, fixed, and certified to ensure they fit the criteria. The repaired phones are offered to the consumers for purchase at a discounted price.

Used phones are cell phones that have been used by users and then sold to other customers via re-commerce platforms on the market. Used phones are rarely the consumer’s first option when purchasing a phone because they need to examine its operating condition and functions. As a result, the popularity of refurbished phones has grown because they already have all of the inspections, and the user does not have to spend extra time ensuring the quality. In addition, used phones are less expensive than new counterparts on the market, encouraging middle-class users to choose used phones that are in good condition and affordable.

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

The lack of raw materials like semiconductors in Europe 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 the European 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 European market, owing to the changes in consumer buying and consumption behaviour.

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 Europe’s refurbished and used mobile phones market.

Europe Refurbished and Used Mobile Phones Market: Growth Drivers

Increase in smartphone adoption to accelerate the market’s growth

Teenagers and college students stand out in terms of the everyday usage of smartphones in the European region. On their cellphones, they set alarms to wake them up in the morning, look through Instagram and respond to Snapchat messages, listen to music even in the shower, watch Netflix when they have free time, play games, place food orders, and buy. One gadget has almost all the features of a camera, TV, MP3, phone, radio, computer, and instant messaging, yet it is incredibly portable and always connected to the Internet.

The dependency on smartphones is increasing among teenagers and youngsters; professionals and almost everyone depend on their gadgets to complete their work and responsibility. Hence, the smartphone has created a big part of nearly everyone’s life, driving the demand for smartphones. This provides the opportunity to refurbish and use mobile companies to launch mobiles in different price ranges and target all types of consumers. The availability of smartphones in different price ranges is expected to foster market growth.

The lower price of refurbished phones

Modern shoppers in Europe who are well-educated are gravitating toward high-quality, advanced high-performance mobile phones and gadgets. However, due to the brief upgrade cycle, many buyers prefer to commit more time to their new devices. As a result, a sizable portion of the population is demonstrating a preference for secondhand mobile phones, which have their desired features at an affordable price. It is widely acknowledged that factors driving the global market for refurbished and used mobile phones include increasing economies, growing demand for low-priced commodities, and growing consumer acceptance of smartphones.

In addition, increasing consumer dependency on electronic devices in developing countries of the European region is increasing the demand in the global market for refurbished and used mobile phones. Manufacturers of smartphones in developing nations are investing resources in new work to produce high-quality mobile phones that will quickly satisfy customer mechanical demands. Additionally, such a factor is anticipated to promote the global market for refurbished and used mobile phones. The increasing price of new models of smartphones is forcing consumers to settle for used and refurbished phones, which would offer nearly the same performance and at economic pricing.

Europe Refurbished and Used Mobile Phones Market: Segmentation Analysis

The refurbished and used mobile phones market is segmented based on type, price point, and region. First, based on type, it is segmented into refurbished and used phones. Based on the price point, it is low-priced, mid-priced, and premium. Finally, region-wise, it is analyzed across Europe (Germany, France, the UK, Italy, Russia, Spain, and the rest of Europe).

According to refurbished and used mobile phones market analysis, based on type, the refurbished segment gained a significant share in the European 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 the European 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.

Based on region, the rest of Europe dominated the refurbished and used mobile phones market in 2021 and is expected to remain dominant during the refurbished and used mobile phones market forecast period. The market’s supremacy is primarily attributed to customers’ extensive product knowledge and the region’s growing interest in high-performance smartphones. In addition, Europe is distinguished by a high level of disposable income, a growing interest in technology, and a strong demand for high-quality intelligent gadgets. These factors increase the population’s need for refurbished and used mobile phones. 

Report Scope

Feature of the Report Details
Market Size in 2021 USD 5.91 Billion
Projected Market Size in 2030 USD 13.41 Billion
Market Size in 2022 USD 6.74 billion
CAGR Growth Rate 9.78% 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
Regional Scope  Europe
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.
  • Based on geography/country, Germany was the leading revenue generator in 2021.

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.
  • In November 2021, Meridiam invested US$ 15 million in CertiDeal, a leading French circular economy digital platform that sells high-end smartphones, tablets, and other products that have been reconditioned in-house in France.
  • September 2021 – Reboxed Limited secured GBP 1 million in funding during the new seed investment round led by the Ministry Of Sound and angel investors and totalled up to GBP 705K. Funds raised in this round aim to support the launch of the Reboxed Recycling Service, enabling customers and retailers to trade in used devices through the Reboxed TechCheck software.

Regional Landscape

Throughout the projection period, the European region will likely remain one of the most appealing regions, accounting for the bulk of market revenue. Germany, the UK, and France stand out for their 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.

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.

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.

Europe refurbished and used mobile phones market is segmented as follows:

By Type

  • Refurbished phones
  • Used phones

By Price point

  • Low-priced
  • Mid-priced
  • Premium

By Europe Region

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

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 Europe Refurbished and Used Mobile Phones Market, (2022 – 2030) (USD Billion)
    • 2.2 Europe Refurbished and Used Mobile Phones Market : snapshot
  • Chapter 3. Europe Refurbished and Used Mobile Phones Market – Industry Analysis
    • 3.1 Europe Refurbished and Used Mobile Phones Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase in smartphone adoption to accelerate the market’s growth
      • 3.2.2 low price of refurbished phones.
    • 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. Europe Refurbished and Used Mobile Phones Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Europe 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. Europe Refurbished and Used Mobile Phones Market – Type Analysis
    • 5.1 Europe Refurbished and Used Mobile Phones Market overview: By Type
      • 5.1.1 Europe Refurbished and Used Mobile Phones Market share, By Type, 2021 and 2030
    • 5.2 Refurbished phones
      • 5.2.1 Europe Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
    • 5.3 Used phones
      • 5.3.1 Europe Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • Chapter 6. Europe Refurbished and Used Mobile Phones Market – Price point Analysis
    • 6.1 Europe Refurbished and Used Mobile Phones Market overview: By Price point
      • 6.1.1 Europe Refurbished and Used Mobile Phones Market share, By Price point, 2021 and 2030
    • 6.2 Low-priced
      • 6.2.1 Europe Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
    • 6.3 Mid-priced
      • 6.3.1 Europe Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
    • 6.4 Premium
      • 6.4.1 Europe Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • Chapter 7. Europe Refurbished and Used Mobile Phones Market – Regional Analysis
    • 7.1 Europe Refurbished and Used Mobile Phones Market Regional Overview
    • 7.2 Europe 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. Europe Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Europe Refurbished and Used Mobile Phones Market attractiveness, By Type
  • 6. Europe Refurbished and Used Mobile Phones Market attractiveness, By Price point
  • 7. Europe Refurbished and Used Mobile Phones Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Europe Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
  • 9. Europe Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • 10. Europe Refurbished and Used Mobile Phones Market share by Price point, 2022 and 2030 (USD Billion)
  • 11. Europe Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
  • 12. Europe Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
  • 13. Europe Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • 14. Europe Refurbished and Used Mobile Phones Market share, by Region, 2022 and 2030
List Of Tables
  • 1. Europe Refurbished and Used Mobile Phones Market: Snapshot
  • 2. Drivers of the Europe 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

“Germany” will lead the Europe Refurbished and Used Mobile Phones market during the forecast period 2022 to 2030.

The key factors driving the market are increase in smartphone adoption to accelerate the market’s growth and low price of refurbished phones.

.

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

The Europe Refurbished and Used Mobile Phones market is expanding growth with a CAGR of approximately 9.78% during the forecast period (2022 to 2030).

The Europe Refurbished and Used Mobile Phones market size was valued at USD 5.91 Billion in 2021 and it is projected to reach around USD 13.41 Billion by 2030.

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