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


Report Code: CMI18409

Published Date: September 2022

Pages: 220+

Category: Electronic Devices

Reports Description

According to Custom Market Insights (CMI), The Global Refurbished and Used Mobile Phones Market size was estimated at USD 52.34 billion in 2021 and is expected to hit around USD 146.43 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 11.45% from 2022 to 2030.  

A refurbished phone often describes a previously owned device that has been returned due to a problem and has been fixed for resale. Customers wishing to save money on their smartphone purchases might consider refurbished handsets an affordable option. Nowadays, refurbished cell phones are fairly popular as more reliable resellers enter the smartphone industry. With a few dings and scratches on the outside, these smartphones are in excellent working condition and come with a reseller warranty.

Refurbished and Used Mobile Phones Market (By Pricing Range)

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Due to the growing popularity of consumer electronics, refurbished phones, and used phones through different online/offline sales channels, consumption of used and refurbished mobile phones are predicted to increase significantly over the upcoming years. The global market for refurbished and used mobile phones is expanding due to the explosive development of digital content.

The smartphone has permeated every aspect of people’s life, from aiding communication to facilitating e-commerce to accelerating the rise of digitalization. Modern customers that are digital aware are gravitating toward expensive and cutting-edge technology. The market for refurbished and used mobile phones is expanding quickly due to several causes, including the increased popularity of smartphones, rising disposable income, and greater environmental consciousness. Additionally, the presence of numerous secondhand sellers fosters this industry’s expansion.

Growth Factors

Due to the explosive rise of digital content, the global market for refurbished and used mobile phones is expanding. From enabling communication to facilitating e-commerce to accelerating the rise of digitalization, smartphones have become an essential aspect of people’s life. Consumers adept with technology are moving toward expensive and cutting-edge machinery nowadays. Because the upgrade cycle is so short, many customers are not interested in using their new devices for extended periods. Because they have their desired qualities and are available at a reasonable price, a substantial portion of the community is expressing interest in old mobile phones.

The global market for refurbished and used mobile phones is influenced by developing emerging countries, rising consumer demand for low-cost goods, and rising smartphone penetration. In addition, growing consumer dependence on electronic devices in emerging nations is anticipated to drive demand in the global market for refurbished and used mobile phones.

In terms of everyday smartphone use, teenagers and college students stand out. 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 not limited to 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 in almost everyone’s life, driving the demand for smartphones, which helps drive the refurbished smartphone market.

 To keep up with consumers’ increasing technical expectations, smartphone makers in emerging economies continually engage in R&D to produce high-end mobile phones. The worldwide market for refurbished and used mobile phones is also anticipated to grow due to this issue. Moreover, the market for refurbished and used mobile phones is anticipated 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 worldwide 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. Manufacturers are supporting clients in locating cheap and cost-effective secondhand cell phones. Due to these considerations, the industrial 5G market is anticipated to expand rapidly, which will fuel demand for refurbished and used mobile phones and mobile phone accessories in the future.

In the Asia Pacific and 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 are collaborating with digital wallet service providers to increase their market share.

Refurbished and Used Mobile Phones Market Segmentation

Refurbished and Used Mobile Phones Market, a segment based on Type

Refurbished phones are predicted to see the highest CAGR growth and hold a leading position in the market. Such phones are also being sold at a discount by resellers. As a result, consumers are quickly switching to buying reconditioned phones in place of the newest versions.

As used and Refurbished, People of all financial levels utilize used Mobile Phones. In industrialized regions like Europe, the demand for refurbished mobile phones is fueled by offers to trade in used phones and a concentrated strategy on circular economy efforts. Developing nations like India and Africa, for example, are exhibiting a bigger proportion of new firms and home technology advancements and repair capacities.

Refurbished and Used Mobile Phones Market (By Type)

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Refurbished and Used Mobile Phones Market, segment based on Pricing Range

According to price, the mid-priced sector is in the lead and is anticipated to contribute most to the market for Refurbished and Used Mobile Phones. The category is growing due to the wide availability of mid-priced cell phones on online shopping sites with various payment methods. The middle-class population’s growing need for high-end, reasonably priced mobile phones is driving the industry. Furthermore, because of their financial situation, people in the middle class may purchase the least expensive and middle-priced phones. It is acceptable because the corporation provides more goods in this price range with more readily available technology. This element is dominating the mid-priced category.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 52.34 billion
Projected Market Size in 2030 USD 146.43 billion
CAGR Growth Rate 11.45% 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, Pricing Rang, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

During the projected period, Asia-Pacific is expected to maintain its prominent position in the Refurbished and Used Mobile Phones market. Developing and developed nations like China and India are the big markets for the Refurbished and Used Mobile Phones market.

The main markets in the Asia Pacific for Refurbished and Used Mobile Phones are China, India, and Indonesia. The market in this area will grow more quickly than in Europe, the Middle East, and North America. Over the projection period, the growth of the refurbished smartphone market in Asia-Pacific will be aided by the expansion of the telecom infrastructure, rising smartphone prices, and the absence of disruptive features in android smartphones.

Refurbished smartphone sales are rising in India because of a new generation of tech-enabled firms like Cashify, HyperXchange, and Flipkart-owned Yaantra, among others. Refurbished mobile devices offer affordable choices for buyers and sellers, and they are growing in popularity due to the money they save both parties. Local merchants, like Shopzen India, provide high-quality refurbished mobile phones at wholesale prices. With all brands available on one platform, customers can shop for their ideal smartphones and mobile phone accessories while minimizing costs. The market demand in this area is driven by the rising popularity of e-commerce platforms for used and refurbished cell phones.

During the forecast period, the North America region expects a significant growth rate. One of the main factors behind the growth of North America’s used and refurbished smartphone industry is the increasing advances in smartphone features and the expanding range of 5G devices. One of the most developed marketplaces in the world for smartphone makers is the U.S., With companies like Apple.

Refurbished and Used Mobile Phones Market (trends by region)

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The area has a history of creating cutting-edge devices that have altered the dynamics of the global smartphone industry. In the area, low-end and mid-range smartphones are becoming more popular since many smartphone makers believe they would perform better in the COVID-19 pandemic-affected market environment. Despite the availability of various brands and product lines, the premium Samsung flagship devices and iPhones dominated the market. Shifting trends may drive the demand for reconditioned and used smartphones in the area. Because of the updating and upgrading of devices by businesses and individuals due to changes in the workplace and workforce, North American trade-in service providers have seen a boom in their product business over the past several years.

  Key Players

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

Recent Development

Xiaomi increased the domestic production of smartphones and smart TVs in India. BYD and DBG Technology from China were mentioned as two of its new partners for manufacturing smartphones. Along with increasing domestic smartphone production, Xiaomi named Hyderabad-based Radiant Technology as its second manufacturing partner after Dixon for domestic production of smart TVs.

Segments covered in the report

By Type

  • Refurbished phones
  • Used phones

By Pricing Range

  • Low-priced
  • Mid-priced
  • Premium

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

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 Global Refurbished and Used Mobile Phones Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Refurbished and Used Mobile Phones Market: snapshot
  • Chapter 3. Global Refurbished and Used Mobile Phones Market – Industry Analysis
    • 3.1 Refurbished and Used Mobile Phones Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The Explosive Rise Of Digital Content
      • 3.2.2 The Explosive Rise Of Digital Content
      • 3.2.3 The Rise Of Digitalization
      • 3.2.4 Smartphones
      • 3.2.5 The Explosive Rise Of Digital Content
      • 3.2.6 The Rise Of Digitalization
      • 3.2.7 Smartphones
      • 3.2.8 Influenced By Developing Emerging Countries
      • 3.2.9 Rising Consumer Demand For Low-Cost Goods
      • 3.2.10 Rising Smartphone Penetration
    • 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 Pricing Range
  • Chapter 4. Global Refurbished and Used Mobile Phones Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global 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, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Refurbished and Used Mobile Phones Market – Type Analysis
    • 5.1 Global Refurbished and Used Mobile Phones Market overview: By Type
      • 5.1.1 Global Refurbished and Used Mobile Phones Market share, By Type, 2021 and 2030
    • 5.2 Refurbished Phones
      • 5.2.1 Global Refurbished and Used Mobile Phones Market by Refurbished Phones, 2022 – 2030 (USD Billion)
    • 5.3 Used Phones
      • 5.3.1 Global Refurbished and Used Mobile Phones Market by Used Phones, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Refurbished and Used Mobile Phones Market – Pricing Range Analysis
    • 6.1 Global Refurbished and Used Mobile Phones Market overview: By Pricing Range
      • 6.1.1 Global Refurbished and Used Mobile Phones Market share, By Pricing Range, 2021 and 2030
    • 6.2 Low-Priced
      • 6.2.1 Global Refurbished and Used Mobile Phones Market by Low-Priced, 2022 – 2030 (USD Billion)
    • 6.3 Mid-Priced
      • 6.3.1 Global Refurbished and Used Mobile Phones Market by Mid-Priced, 2022 – 2030 (USD Billion)
    • 6.4 Premium
      • 6.4.1 Global Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • Chapter 7. Refurbished and Used Mobile Phones Market – Regional Analysis
    • 7.1 Global Refurbished and Used Mobile Phones Market Regional Overview
    • 7.2 Global 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 Pricing Range, 2022 – 2030
      • 7.5.1 North America Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
      • 7.7.1 Europe Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030
      • 7.8.1 Europe Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
      • 7.10.1 Asia Pacific Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030
      • 7.11.1 Asia Pacific Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
      • 7.13.1 Latin America Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030
      • 7.14.1 Latin America Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Refurbished and Used Mobile Phones Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Refurbished and Used Mobile Phones Market, by Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Refurbished and Used Mobile Phones Market, by Pricing Range, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Refurbished and Used Mobile Phones Market, by Pricing Range, 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. Global Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Refurbished and Used Mobile Phones Market attractiveness, By Type
  • 6. Global Refurbished and Used Mobile Phones Market attractiveness, By Pricing Range
  • 7. Global Refurbished and Used Mobile Phones Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Global Refurbished and Used Mobile Phones Market by Refurbished Phones, 2022 – 2030 (USD Billion)
  • 9. Global Refurbished and Used Mobile Phones Market by Used Phones, 2022 – 2030 (USD Billion)
  • 10. Global Refurbished and Used Mobile Phones Market share by Pricing Range, 2022 and 2030 (USD Billion)
  • 11. Global Refurbished and Used Mobile Phones Market by Low-Priced, 2022 – 2030 (USD Billion)
  • 12. Global Refurbished and Used Mobile Phones Market by Mid-Priced, 2022 – 2030 (USD Billion)
  • 13. Global Refurbished and Used Mobile Phones Market by Premium, 2022 – 2030 (USD Billion)
  • 14. Global 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)
  • 16. Europe Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 17. Asia Pacific Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 18. Latin America Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)
  • 19. The Middle-East and Africa Refurbished and Used Mobile Phones Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Refurbished and Used Mobile Phones Market: Snapshot
  • 2. Drivers of the 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 Pricing Range, 2022 – 2030 (USD Billion)
  • 5. U.S. Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 7. Canada Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. Canada Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 9. Europe Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Europe Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 11. Germany Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Germany Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 13. France Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 14. France Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 15. U.K. Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 17. Italy Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 18. Italy Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 19. Spain Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Spain Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 25. China Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 26. China Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 27. Japan Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Japan Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 29. India Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 30. India Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 31. South Korea Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 37. Latin America Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 39. Brazil Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 41. Mexico Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 49. South Africa Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Refurbished and Used Mobile Phones Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Refurbished and Used Mobile Phones Market revenue, By Pricing Range, 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 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, 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

  Key Players

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

FAQs

The “Asia-Pacific” region will lead the global Refurbished and Used Mobile Phones market during the forecast period 2022 to 2030.

The key factors driving the market are desired qualities and availability at a reasonable price.

The key players operating in the Refurbished and Used Mobile Phones market are Apple Inc., Amazon, Samsung, Verizon Communications Inc., Cashify, Walmart, eBay, Paytm, Huawei, Yaantra, AT&T Inc.

The global Refurbished and Used Mobile Phones market is expanding growth with a CAGR of approximately 11.45% during the forecast period (2022 to 2030).

The global Refurbished and Used Mobile Phones market size was valued at USD 52.34 billion in 2021 and it is projected to reach around USD 146.43 billion by 2030.

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