Middle East and Africa 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 Snapshot
| Study Period: | 2022-2030 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Apple Inc.
- Amazon
- Samsung
- Verizon Communications, Inc.
- Cashify
- Walmart
- Others
Reports Description
According to Custom Market Insights (CMI), The Middle East and Africa Refurbished and Used Mobile Phones Market size was estimated at USD 5.33 Billion in 2021 and is expected to reach USD 6.11 billion in 2022 and is expected to hit around USD 12.39 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 10.01% from 2022 to 2030.
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Our recently published report, “Middle East and Africa 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.
Middle East and Africa Refurbished and Used Mobile Phones Market: Overview
A refurbished phone is a used phone sold to a network, manufacturer, or retailer by an individual. The phones are then examined, fixed, and certified to satisfy specified requirements. The mended phones are also for sale at a discounted price.
The availability of new smartphone technology has increased the overall cost of smartphones. As a result, buyers in developing nations are cautious about spending large sums on the latest mobile phones and prefer to use used models. A year or two-year-old restored model would provide about the same usefulness, and the technology is up to the current standard.
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.
Middle East and Africa Refurbished and Used Mobile Phones Market: COVID – 19 Impact Analysis
The lack of raw materials like semiconductors in the Middle East and Africa 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 vendors in the Middle East and Africa to refurbish the used mobile phone market.
The increased demand for second-hand phones during the pandemic is expected to have a long-term impact on the Middle East and African markets due to consumer buying and consumption behavior changes.
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 globally and positively impacted the market by creating a tremendous growth opportunity for the market’s vendors in the Middle East and Africa to refurbish and use mobile phones.
Middle East and Africa Refurbished and Used Mobile Phones Market: Growth Drivers
The popularity of digital media and eCommerce
The Middle East and African market for refurbished and used mobile phones are expanding due to the explosive rise of digital content. From enabling communication to facilitating e-commerce to accelerating the increase in digitalization, smartphones have become an essential aspect of people’s life.
Consumers adept with technology are moving toward expensive and cutting-edge machinery nowadays. Due to the short upgrade cycle, many customers are not interested in using their new devices for extended periods. As they have their desired qualities and are available reasonably priced, a substantial portion of the community expresses interest in old mobile phones. In the Middle East areas, there is also a surge in businesses offering EMI alternatives for phones and mobile phone accessories, such as BNPL (Buy Now, Pay Later). It is quickly becoming one of the most popular ways to pay for reconditioned equipment online in these areas. BNPL start-ups collaborate with digital wallet service providers to increase their market share.
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Increasing R&D
To keep up with consumers’ increasing technical expectations, smartphone makers in emerging economies of the Middle East continually engage in R&D to produce high-end mobile phones. Therefore, the market for refurbished and used mobile phones is also anticipated to grow due to this issue. Moreover, the demand for refurbished and used mobile phones is expected to be driven by fast urbanization, the expansion of mid-price brand sales, and the increased desire for high-end features at competitive rates. Along with this, it is also thought that the swift adoption of government efforts and regulations regarding green initiatives and e-waste management is fueling demand in the Middle East and African market for refurbished and used mobile phones.
Consumers and organizations alike want to save money when purchasing cell phones. In this situation, both individuals and organizations may save money by using refurbished and used mobile devices. In addition, manufacturers support clients in locating cheap and cost-effective secondhand cell phones. Due to these considerations, the industrial 5G market is anticipated to expand rapidly, fueling demand for refurbished and used mobile phones and mobile phone accessories.
Middle East and Africa 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 the Middle East and Africa (GCC countries, South Africa, and the rest of Middle East Africa).
According to refurbished and used mobile phones market analysis, based on type, the refurbished segment gained a significant share in the Middle East and Africa 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 Middle East and Africa 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 the country, GCC countries dominated the refurbished and used mobile phones market in 2021 and are 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, the Middle East and Africa are distinguished by developing countries, 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. In addition, the growing awareness about the benefits of using refurbished phones in the population of developing countries in Africa is helping to increase the demand for gadgets.
The benefits are that refurbished phones help to reduce electronic waste, encourage sustainability, and offer better products at economical pricing.
Furthermore, expanding e-commerce platforms and increased investment in the refurbishing industry drive market development. In addition, the advent of 5G services throughout the area is increasing smartphone sales, and it is projected that with further expansion, the market need for new smartphones will offer an equivalent growth potential for refurbished and used phones.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 5.33 Billion |
| Projected Market Size in 2030 | USD 12.39 Billion |
| Market Size in 2022 | USD 6.11 billion |
| CAGR Growth Rate | 10.01% 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 | Middle East and Africa |
| 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, the GCC countries were 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.
Regional Landscape
Throughout the projection period, the Middle East and Africa region will likely remain among the most appealing areas, accounting for the bulk of market revenue.
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The GCC countries 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 a more excellent 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.
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 Middle East and Africa 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 Region
- Middle East and Africa
- GCC countries
- South Africa
- Rest of Middle East and Africa
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 Middle East and Africa Refurbished and Used Mobile Phones Market, (2022 – 2030) (USD Billion)
- 2.2 Middle East and Africa Refurbished and Used Mobile Phones Market : snapshot
- Chapter 3. Middle East and Africa Refurbished and Used Mobile Phones Market – Industry Analysis
- 3.1 Middle East and Africa Refurbished and Used Mobile Phones Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Popularity of digital media & ecommerce
- 3.2.2 Increasing RD
- 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. Middle East and Africa Refurbished and Used Mobile Phones Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Middle East and Africa 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
- 4.1 Company market share analysis
- Chapter 5. Middle East and Africa Refurbished and Used Mobile Phones Market – Type Analysis
- 5.1 Middle East and Africa Refurbished and Used Mobile Phones Market overview: By Type
- 5.1.1 Middle East and Africa Refurbished and Used Mobile Phones Market share, By Type, 2021 and 2030
- 5.2 Refurbished phones
- 5.2.1 Middle East and Africa Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
- 5.3 Used phones
- 5.3.1 Middle East and Africa Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
- 5.1 Middle East and Africa Refurbished and Used Mobile Phones Market overview: By Type
- Chapter 6. Middle East and Africa Refurbished and Used Mobile Phones Market – Price point Analysis
- 6.1 Middle East and Africa Refurbished and Used Mobile Phones Market overview: By Price point
- 6.1.1 Middle East and Africa Refurbished and Used Mobile Phones Market share, By Price point, 2021 and 2030
- 6.2 Low-priced
- 6.2.1 Middle East and Africa Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
- 6.3 Mid-priced
- 6.3.1 Middle East and Africa Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
- 6.4 Premium
- 6.4.1 Middle East and Africa Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
- 6.1 Middle East and Africa Refurbished and Used Mobile Phones Market overview: By Price point
- Chapter 7. Middle East and Africa Refurbished and Used Mobile Phones Market – Regional Analysis
- 7.1 Middle East and Africa Refurbished and Used Mobile Phones Market Regional Overview
- 7.2 Middle East and Africa Refurbished and Used Mobile Phones Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. Middle East and Africa
- 7.3.1 Middle East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 Middle East and Africa Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 Middle East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
- 7.4 Middle East and Africa Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
- 7.4.1 Middle East and Africa Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 Middle East and Africa Refurbished and Used Mobile Phones Market, by Price point, 2022 – 2030
- 7.5.1 Middle East and Africa Refurbished and Used Mobile Phones Market, by Price point, 2022 – 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 Inc.
- 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 Cashify
- 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 Walmart
- 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 eBay
- 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 Paytm
- 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 Huawei
- 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 Yaantra
- 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 AT&T Inc.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.1 Apple Inc.
List Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Middle East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Middle East and Africa Refurbished and Used Mobile Phones Market attractiveness, By Type
- 6. Middle East and Africa Refurbished and Used Mobile Phones Market attractiveness, By Price point
- 7. Middle East and Africa Refurbished and Used Mobile Phones Market share by Type, 2022 and 2030 (USD Billion)
- 8. Middle East and Africa Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
- 9. Middle East and Africa Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
- 10. Middle East and Africa Refurbished and Used Mobile Phones Market share by Price point, 2022 and 2030 (USD Billion)
- 11. Middle East and Africa Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
- 12. Middle East and Africa Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
- 13. Middle East and Africa Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
- 14. Middle East and Africa Refurbished and Used Mobile Phones Market share, by Region, 2022 and 2030
- 15. Middle East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
List Of Tables
- 1. Middle East and Africa Refurbished and Used Mobile Phones Market: Snapshot
- 2. Drivers of the Middle East and Africa Refurbished and Used Mobile Phones Market: impact analysis
- 3. Middle East and Africa Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
- 4. Middle East and Africa Refurbished and Used Mobile Phones Market revenue, By Price point, 2022 – 2030 (USD Billion)
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 |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Apple Inc.
- Amazon
- Samsung
- Verizon Communications, Inc.
- Cashify
- Walmart
- eBay
- Paytm
- Huawei
- Yaantra
- AT&T Inc.
FAQs
1 . Which region will dominate the Middle East and Africa Refurbished and Used Mobile Phones market?
“GCC Countries” will lead the Middle East and Africa Refurbished and Used Mobile Phones market during the forecast period 2022 to 2030.
The key factors driving the market are popularity of digital media & ecommerce and increasing RD.
The key players operating in the Middle East and Africa Refurbished and Used Mobile Phones market are Apple, Samsung, Huawei, Amazon, and others.
The Middle East and Africa Refurbished and Used Mobile Phones market is expanding growth with a CAGR of approximately 10.01% during the forecast period (2022 to 2030).
The Middle East and Africa Refurbished and Used Mobile Phones market size was valued at USD 5.33 Billion in 2021 and it is projected to reach around USD 12.39 Billion by 2030.
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