Refurbished smartphone market size to grow by USD 45.98 billion, Insights on the key drivers and trends - Technavio

PR Newswire
Wednesday, November 30, 2022 at 11:15pm UTC

Refurbished smartphone market size to grow by USD 45.98 billion, Insights on the key drivers and trends - Technavio

PR Newswire

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- The refurbished smartphone market size is projected to grow by USD 45.98 billion, progressing at a CAGR of 13.69% from 2021 to 2026. Based on region, the global refurbished smartphone market is segmented into North America, South America, Europe, APAC, and MEA. APAC is estimated to contribute 49% to the growth of the global market over the forecast period. The development of telecom infrastructure, the growing prices of smartphones, and the lack of disruptive features in Android smartphones will facilitate the refurbished smartphone market growth in North America over the forecast period. 

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Refurbished smartphone market: Circular economy and sustainability drive the growth

  • The circular economy and sustainability are driving the growth of the market. In countries such as the US, China, Japan, Germany, and India, a large amount of electronic waste, which includes computers, smartphones, and other electronic appliances, is being generated. Hence, countries are shifting toward a circular economy to mitigate the environmental impact of e-waste. Refurbishing of smartphones reduces the carbon footprint and recycling costs, as refurbished components used in smartphones will lower the overall recycling costs. Such factors are anticipated to drive the growth of the market during the forecast period.

Refurbished smartphone market: Growing number of online platforms dealing in refurbished smartphones is the key trend

  • The growing number of online platforms dealing in refurbished smartphones is a key trend in the market. The market has witnessed the emergence of end-to-end online platforms for buying and selling refurbished smartphones. For instance, Trocafone is an online platform in Brazil, which offers iPhones, Samsung smartphones, and other refurbished smartphones. Moreover, the growth in online platforms offering refurbished smartphones will increase market penetration, especially in emerging economies.

 Download our exclusive report on the refurbished smartphones market covering market challenges, vendor analysis, and growth opportunities

Refurbished smartphone market: Segmentation analysis

This market research report segments the refurbished smartphone market by geography (APAC, North America, Europe, South America, and Middle East and Africa) and OS (Android and iOS). 

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report!

Some of the key topics covered in the report include:

Market Drivers

Market Challenges
Market Trends
Vendor Landscape
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Refurbished Smartphone Market Scope

Report Coverage

Details

Page number

116

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.69%

Market growth 2022-2026

USD 45.98 billion

Market structure

Concentrated

YoY growth (%)

12.46

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, China, India, Indonesia, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alibaba Group Holding Ltd., Apple Inc., AT and T Inc., Back Market, Best Buy Co. Inc., CHINAREPHONE, eBay Inc., FoneGiant.com, Gadgetwood E-Services Pvt. Ltd., Manak Waste Management Pvt Ltd., NIPPON TELEPHONE INC., One97 Communications Ltd., Qarmatek Services Private Ltd., Quikr India Pvt. Ltd., Reboxed Ltd., Samsung Electronics Co. Ltd., Smart Cellular, Verizon Communications Inc., Walmart Inc., and Amazon.com Inc.

Market dynamics

Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary          

1.1 Market overview  

Exhibit 1:        Executive Summary – Chart on Market Overview   

Exhibit 2:        Executive Summary – Data Table on Market Overview      

Exhibit 3:        Executive Summary – Chart on Global Market Characteristics

Exhibit 4:        Executive Summary – Chart on Market by Geography        

Exhibit 5:        Executive Summary – Chart on Market Segmentation by OS

Exhibit 6:        Executive Summary – Chart on Incremental Growth

Exhibit 7:        Executive Summary – Data Table on Incremental Growth  

Exhibit 8:        Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 9:        Parent market 

Exhibit 10:      Market Characteristics           

3 Market Sizing        

3.1 Market definition 

Exhibit 11:      Offerings of vendors included in the market definition        

3.2 Market segment analysis  

Exhibit 12:      Market segments        

3.3 Market size 2021 

3.4 Market outlook: Forecast for 2021-2026 

Exhibit 13:      Chart on Global - Market size and forecast 2021-2026 ($ billion)    

Exhibit 14:      Data Table on Global - Market size and forecast 2021-2026 ($ billion)       

Exhibit 15:      Chart on Global Market: Year-over-year growth 2021-2026 (%)     

Exhibit 16:      Data Table on Global Market: Year-over-year growth 2021-2026 (%)        

4 Five Forces Analysis         

4.1 Five forces summary        

Exhibit 17:      Five forces analysis - Comparison between 2021 and 2026 

4.2 Bargaining power of buyers        

Exhibit 18:      Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026           

4.3 Bargaining power of suppliers     

Exhibit 19:      Bargaining power of suppliers – Impact of key factors in 2021 and 2026   

4.4 Threat of new entrants     

Exhibit 20:      Threat of new entrants – Impact of key factors in 2021 and 2026    

4.5 Threat of substitutes        

Exhibit 21:      Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry   

Exhibit 22:      Threat of rivalry – Impact of key factors in 2021 and 2026  

4.7 Market condition 

Exhibit 23:      Chart on Market condition - Five forces 2021 and 2026      

5 Market Segmentation by OS       

5.1 Market segments  

Exhibit 24:      Chart on OS - Market share 2021-2026 (%)  

Exhibit 25:      Data Table on OS - Market share 2021-2026 (%)     

5.2 Comparison by OS          

Exhibit 26:      Chart on Comparison by OS 

Exhibit 27:      Data Table on Comparison by OS     

5.3 Android - Market size and forecast 2021-2026   

Exhibit 28:      Chart on Android - Market size and forecast 2021-2026 ($ billion) 

Exhibit 29:      Data Table on Android - Market size and forecast 2021-2026 ($ billion)     

Exhibit 30:      Chart on Android - Year-over-year growth 2021-2026 (%)  

Exhibit 31:      Data Table on Android - Year-over-year growth 2021-2026 (%)     

5.4 iOS - Market size and forecast 2021-2026          

Exhibit 32:      Chart on iOS - Market size and forecast 2021-2026 ($ billion)        

Exhibit 33:      Data Table on iOS - Market size and forecast 2021-2026 ($ billion)            

Exhibit 34:      Chart on iOS - Year-over-year growth 2021-2026 (%)         

Exhibit 35:      Data Table on iOS - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by OS           

Exhibit 36:      Market opportunity by OS ($ billion)

6 Customer Landscape        

6.1 Customer landscape overview     

Exhibit 37:      Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria     

7 Geographic Landscape     

7.1 Geographic segmentation

Exhibit 38:      Chart on Market share by geography 2021-2026 (%)           

Exhibit 39:      Data Table on Market share by geography 2021-2026 (%)  

7.2 Geographic comparison   

Exhibit 40:      Chart on Geographic comparison      

Exhibit 41:      Data Table on Geographic comparison         

7.3 APAC - Market size and forecast 2021-2026      

Exhibit 42:      Chart on APAC - Market size and forecast 2021-2026 ($ billion)    

Exhibit 43:      Data Table on APAC - Market size and forecast 2021-2026 ($ billion)       

Exhibit 44:      Chart on APAC - Year-over-year growth 2021-2026 (%)    

Exhibit 45:      Data Table on APAC - Year-over-year growth 2021-2026 (%)        

7.4 North America - Market size and forecast 2021-2026    

Exhibit 46:      Chart on North America - Market size and forecast 2021-2026 ($ billion)   

Exhibit 47:      Data Table on North America - Market size and forecast 2021-2026 ($ billion)

Exhibit 48:      Chart on North America - Year-over-year growth 2021-2026 (%)   

Exhibit 49:      Data Table on North America - Year-over-year growth 2021-2026 (%)      

7.5 Europe - Market size and forecast 2021-2026     

Exhibit 50:      Chart on Europe - Market size and forecast 2021-2026 ($ billion)   

Exhibit 51:      Data Table on Europe - Market size and forecast 2021-2026 ($ billion)      

Exhibit 52:      Chart on Europe - Year-over-year growth 2021-2026 (%)   

Exhibit 53:      Data Table on Europe - Year-over-year growth 2021-2026 (%)       

7.6 South America - Market size and forecast 2021-2026    

Exhibit 54:      Chart on South America - Market size and forecast 2021-2026 ($ billion)   

Exhibit 55:      Data Table on South America - Market size and forecast 2021-2026 ($ billion)

Exhibit 56:      Chart on South America - Year-over-year growth 2021-2026 (%)   

Exhibit 57:      Data Table on South America - Year-over-year growth 2021-2026 (%)      

7.7 Middle East and Africa - Market size and forecast 2021-2026   

Exhibit 58:      Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)

Exhibit 59:      Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)

Exhibit 60:      Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)  

Exhibit 61:      Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)           

7.8 US - Market size and forecast 2021-2026           

Exhibit 62:      Chart on US - Market size and forecast 2021-2026 ($ billion)

Exhibit 63:      Data Table on US - Market size and forecast 2021-2026 ($ billion) 

Exhibit 64:      Chart on US - Year-over-year growth 2021-2026 (%)          

Exhibit 65:      Data Table on US - Year-over-year growth 2021-2026 (%) 

7.9 China - Market size and forecast 2021-2026       

Exhibit 66:      Chart on China - Market size and forecast 2021-2026 ($ billion)     

Exhibit 67:      Data Table on China - Market size and forecast 2021-2026 ($ billion)        

Exhibit 68:      Chart on China - Year-over-year growth 2021-2026 (%)     

Exhibit 69:      Data Table on China - Year-over-year growth 2021-2026 (%)         

7.10 India - Market size and forecast 2021-2026      

Exhibit 70:      Chart on India - Market size and forecast 2021-2026 ($ billion)

Exhibit 71:      Data Table on India - Market size and forecast 2021-2026 ($ billion)          

Exhibit 72:      Chart on India - Year-over-year growth 2021-2026 (%)       

Exhibit 73:      Data Table on India - Year-over-year growth 2021-2026 (%)          

7.11 UK - Market size and forecast 2021-2026         

Exhibit 74:      Chart on UK - Market size and forecast 2021-2026 ($ billion)         

Exhibit 75:      Data Table on UK - Market size and forecast 2021-2026 ($ billion)

Exhibit 76:      Chart on UK - Year-over-year growth 2021-2026 (%)         

Exhibit 77:      Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Indonesia - Market size and forecast 2021-2026           

Exhibit 78:      Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)           

Exhibit 79:      Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)  

Exhibit 80:      Chart on Indonesia - Year-over-year growth 2021-2026 (%)

Exhibit 81:      Data Table on Indonesia - Year-over-year growth 2021-2026 (%)   

7.13 Market opportunity by geography         

Exhibit 82:      Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends 

8.1 Market drivers      

8.2 Market challenges

8.3 Impact of drivers and challenges 

Exhibit 83:      Impact of drivers and challenges in 2021 and 2026  

8.4 Market trends       

9 Vendor Landscape

9.1 Overview 

9.2 Vendor landscape

Exhibit 84:      Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption       

Exhibit 85:      Overview on factors of disruption     

9.4 Industry risks       

Exhibit 86:      Impact of key risks on business         

10 Vendor Analysis  

10.1 Vendors covered

Exhibit 87:      Vendors covered        

10.2 Market positioning of vendors  

Exhibit 88:      Matrix on vendor position and classification 

10.3 Amazon.com Inc.          

Exhibit 89:      Amazon.com Inc. - Overview

Exhibit 90:      Amazon.com Inc. - Business segments         

Exhibit 91:      Amazon.com Inc. - Key news

Exhibit 92:      Amazon.com Inc. - Key offerings     

Exhibit 93:      Amazon.com Inc. - Segment focus   

10.4 Apple Inc.          

Exhibit 94:      Apple Inc. - Overview           

Exhibit 95:      Apple Inc. - Business segments         

Exhibit 96:      Apple Inc. - Key news           

Exhibit 97:      Apple Inc. - Key offerings     

Exhibit 98:      Apple Inc. - Segment focus   

10.5 AT and T Inc.    

Exhibit 99:      AT and T Inc. - Overview     

Exhibit 100:    AT and T Inc. - Business segments   

Exhibit 101:    AT and T Inc. - Key offerings           

Exhibit 102:    AT and T Inc. - Segment focus         

10.6 Best Buy Co. Inc.          

Exhibit 103:    Best Buy Co. Inc. - Overview

Exhibit 104:    Best Buy Co. Inc. - Business segments         

Exhibit 105:    Best Buy Co. Inc. - Key offerings     

Exhibit 106:    Best Buy Co. Inc. - Segment focus   

10.7 NIPPON TELEPHONE INC.   

Exhibit 107:    NIPPON TELEPHONE INC. - Overview    

Exhibit 108:    NIPPON TELEPHONE INC. - Product / Service     

Exhibit 109:    NIPPON TELEPHONE INC. - Key offerings          

10.8 One97 Communications Ltd.    

Exhibit 110:    One97 Communications Ltd. - Overview     

Exhibit 111:    One97 Communications Ltd. - Product / Service      

Exhibit 112:    One97 Communications Ltd. - Key offerings           

10.9 Reboxed Ltd.     

Exhibit 113:    Reboxed Ltd. - Overview      

Exhibit 114:    Reboxed Ltd. - Product / Service       

Exhibit 115:    Reboxed Ltd. - Key offerings

10.10 Samsung Electronics Co. Ltd. 

Exhibit 116:    Samsung Electronics Co. Ltd. - Overview    

Exhibit 117:    Samsung Electronics Co. Ltd. - Business segments  

Exhibit 118:    Samsung Electronics Co. Ltd. - Key news    

Exhibit 119:    Samsung Electronics Co. Ltd. - Key offerings          

Exhibit 120:    Samsung Electronics Co. Ltd. - Segment focus        

10.11 Verizon Communications Inc. 

Exhibit 121:    Verizon Communications Inc. - Overview    

Exhibit 122:    Verizon Communications Inc. - Business segments 

Exhibit 123:    Verizon Communications Inc. - Key offerings         

Exhibit 124:    Verizon Communications Inc. - Segment focus        

10.12 Walmart Inc.    

Exhibit 125:    Walmart Inc. - Overview       

Exhibit 126:    Walmart Inc. - Business segments     

Exhibit 127:    Walmart Inc. - Key news       

Exhibit 128:    Walmart Inc. - Key offerings

Exhibit 129:    Walmart Inc. - Segment focus           

11 Appendix 

11.1 Scope of the report         

11.2 Inclusions and exclusions checklist       

Exhibit 130:    Inclusions checklist    

Exhibit 131:    Exclusions checklist   

11.3 Currency conversion rates for US$       

Exhibit 132:    Currency conversion rates for US$   

11.4 Research methodology  

Exhibit 133:    Research methodology          

Exhibit 134:    Validation techniques employed for market sizing   

Exhibit 135:    Information sources   

11.5 List of abbreviations      

Exhibit 136:    List of abbreviations  

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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