North America 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: CMI20769

Published Date: November 2022

Pages: 220+

Category: North America

Report Snapshot

CAGR: 13.07%
11.40 B
2021
2.48 B
2022
33.77 B
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), North America Refurbished and Used Mobile Phones Market size was estimated at USD 11.40 Billion in 2021 and is expected to reach USD 2.48 billion in 2022 and is expected to hit around USD 33.77 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 13.07% from 2022 to 2030.

North America Refurbished and Used Mobile Phones Market (By Type )

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Our recently published report, “North America 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. 

North America Refurbished and Used Mobile Phones Market: Overview

A refurbished phone is a secondhand phone sold by a customer to a network, 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. 

Used phones are smartphones that have been utilized by consumers and then resold to other customers through market re-commerce platforms. Some of the significant factors driving the expansion of North America’s refurbished and used mobile phone market are the increasing advancements in smartphone features and the expanding scope of 5G smartphones.

The U.S. is one of the most developed economies for smartphone manufacturers globally. The region has a tradition of creating revolutionary smartphones, particularly with vendors such as Apple have transformed the global market dynamics.

According to the GSMA, North America will have 1 billion 5G connections by 2022 and 2 billion by 2025, owing to overall network investment opportunities by operators and an addition to access to 5G smartphones at different price points. As a result, North America will be the first geographic area where 5G records for more than 50% of total connections by 2025.

The region is also witnessing a pattern of low-end and mid-range phones, as many makers believe it is more feasible during the COVID-19 pandemic. Despite the availability of other brands and product lines, iPhones and top-quality Samsung flagship products dominated the market. Therefore, North America refurbished and used mobile phone market may be influenced by changing trends.

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

The lack of raw materials like semiconductors in North America 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 North American refurbished and used mobile phones market. Furthermore, the increased demand for second-hand phones during the pandemic is expected to have a long-term impact on the North American market due to 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 North America’s refurbished and used mobile phones market.

North America Refurbished and Used Mobile Phones Market: Growth Drivers

Increase in smartphone adoption to accelerate the market’s growth

The number of mobile phones equipped with innovative technology has risen in the previous five years. However, the availability of new smartphone technologies has increased the ultimate cost of smartphones. As a result, customers in developing countries are hesitant to spend considerable sums on new mobile and are seeking refurbished and used mobile phones for usage. A year or two-year-old refurbished and used mobile model would offer them almost the same utility, and the technology is up to the mark with the current benchmark.

North America Refurbished and Used Mobile Phones Market (By Price point)

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Moreover, the increasing supply-demand gap for newly launched devices in the market provides a platform for selling refurbished and used mobiles. Consumers are comfortable settling for refurbished and used models that have been released in the past one or two years as they would provide a nearly the same experience as the new devices. The increasing popularity and consumer acceptance of refurbished and used mobiles are expected to boost market growth during the forecast period.

Increasing investment and product development 

The region’s refurbished and used mobile phones market is seeing increased investment. For instance, Back Market, a dedicated refurbished consumer electronic marketplace, announced an investment round of USD 335 million led by General Atlantic in May 2021, with the assistance of Generation Investment Management and investment firms Aglaé Ventures, Goldman Sachs Growth Equity, Eurazeo, and Daphni.

Product economic growth in North American trade-in service providers has occurred in recent years due to businesses and customers trying to update and upgrade their devices due to changes in the workplace and workforce. For instance, in February 2021, Phobia, a mobile carrier, and consumer technology brand trade-in service, was named a commerce provider to three new firms: Hyperion Partners, Amazon Canada, and Drone Nerds. As a result, in 2020, the company’s revenue will have nearly doubled. This momentum was maintained in 2021 as the firm expanded its operations.

North America 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 North America (the U.S., Canada, and Mexico).

According to refurbished and used mobile phones market analysis, based on type, the refurbished phones segment gained a significant share in the North American 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 North American 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 country, the U.S. 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 attributed mainly to customers’ extensive product knowledge and the region’s growing interest in high-performance smartphones.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 11.40 Billion
Projected Market Size in 2030 USD 33.77 Billion
Market Size in 2022 USD 2.48 Billion
CAGR Growth Rate 13.07% 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 North America
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 U.S. 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 January 2020, Walmart established the At-Store test program to sell refurbished iPhones, iPads, and other Apple gadgets in around 30 of its physical locations. Participating stores sell got-certified refurbished Apple equipment with a one-year guarantee.

Regional Landscape

Throughout the projection period, the North American region is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. The U.S. 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. 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.

North America 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 North America 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/Geography

  • North America
  • The U.S.
  • Canada
    • Mexico

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 North America Refurbished and Used Mobile Phones Market, (2022 – 2030) (USD Billion)
    • 2.2 North America Refurbished and Used Mobile Phones Market : snapshot
  • Chapter 3. North America Refurbished and Used Mobile Phones Market – Industry Analysis
    • 3.1 North America 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. North America Refurbished and Used Mobile Phones Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 North America 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. North America Refurbished and Used Mobile Phones Market – Type Analysis
    • 5.1 North America Refurbished and Used Mobile Phones Market overview: By Type
      • 5.1.1 North America Refurbished and Used Mobile Phones Market share, By Type, 2021 and 2030
    • 5.2 Refurbished phones
      • 5.2.1 North America Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
    • 5.3 Used phones
      • 5.3.1 North America Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • Chapter 6. North America Refurbished and Used Mobile Phones Market – Price point Analysis
    • 6.1 North America Refurbished and Used Mobile Phones Market overview: By Price point
      • 6.1.1 North America Refurbished and Used Mobile Phones Market share, By Price point, 2021 and 2030
    • 6.2 Low-priced
      • 6.2.1 North America Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
    • 6.3 Mid-priced
      • 6.3.1 North America Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
    • 6.4 Premium
      • 6.4.1 North America Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • Chapter 7. North America Refurbished and Used Mobile Phones Market – Regional Analysis
    • 7.1 North America Refurbished and Used Mobile Phones Market Regional Overview
    • 7.2 North America Refurbished and Used Mobile Phones Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
      • 7.4.1 North America Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Refurbished and Used Mobile Phones Market, by Price point, 2022 – 2030
      • 7.5.1 North America 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

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. North America Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. North America Refurbished and Used Mobile Phones Market attractiveness, By Type
  • 6. North America Refurbished and Used Mobile Phones Market attractiveness, By Price point
  • 7. North America Refurbished and Used Mobile Phones Market share by Type, 2022 and 2030 (USD Billion)
  • 8. North America Refurbished and Used Mobile Phones Market by Refurbished phones, 2022 – 2030 (USD Billion)
  • 9. North America Refurbished and Used Mobile Phones Market by Used phones, 2022 – 2030 (USD Billion)
  • 10. North America Refurbished and Used Mobile Phones Market share by Price point, 2022 and 2030 (USD Billion)
  • 11. North America Refurbished and Used Mobile Phones Market by Low-priced, 2022 – 2030 (USD Billion)
  • 12. North America Refurbished and Used Mobile Phones Market by Mid-priced, 2022 – 2030 (USD Billion)
  • 13. North America Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • 14. North America Refurbished and Used Mobile Phones Market share, by Region, 2022 and 2030
  • 15. North America Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. North America Refurbished and Used Mobile Phones Market: Snapshot
  • 2. Drivers of the North America Refurbished and Used Mobile Phones Market: impact analysis
  • 3. North America Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America 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
  • 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

“U.S.” will lead the North America 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 increasing investment and product development.

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

The North America Refurbished and Used Mobile Phones market is expanding growth with a CAGR of approximately 13.07% during the forecast period (2022 to 2030).

The North America Refurbished and Used Mobile Phones market size was valued at USD 11.40 Billion in 2021 and it is projected to reach around USD 33.77 Billion by 2030.

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