USD 45.98 billion growth in Refurbished Smartphone Market | Circular economy and sustainability to drive the market at 13.69% CAGR | 17,000+ Technavio Reports

NEW YORK, May 27, 2022 /PRNewswire/ -- The refurbished smartphone market size is anticipated to increase by USD 45.98 billion from 2021 to 2026, according to the latest market analysis report by Technavio. The report identifies the market to witness an accelerating growth momentum at a CAGR of 13.69% during the projected period. The market is anticipated to witness positive growth during the forecast period due to the circular economy and sustainability. In addition, the growing number of online platforms dealing in refurbished smartphones is a refurbished smartphone market trend that is expected to have a positive impact in the coming years. However, the easy availability of smartphones on e-commerce will be a major challenge for the refurbished smartphone market during the forecast period.

Technavio has announced its latest market research report titled Refurbished Smartphone Market by OS and Geography - Forecast and Analysis 2022-2026

For more insights on CAGR and YOY Growth Variance, Read our Sample Report

Refurbished Smartphone Market Vendor Landscape

  • The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
  • 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. are among some of the major market participants.

Download Sample Report for more vendor-insights and their strategic initiatives

Refurbished Smartphone Market Revenue-Generating Segment Highlights

OS

  • Android: The Android OS segment accounted for the largest refurbished smartphone market share during the forecast period. The Android operating system (OS) is a commonly used mobile OS globally. Owing to the low cost and availability of a variety of features, the refurbished Android OS has been gaining popularity among consumers globally.
  • iOS

Geography

  • APAC: 49% of the market's growth will originate from APAC during the forecast period. China, India, and Indonesia are the key markets for refurbished smartphones in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions. The development of telecom infrastructure, growing price of smartphones, and lack of disruptive features in android smartphones will facilitate the refurbished smartphone market growth in APAC over the forecast period.
  • North America
  • Europe
  • South America
  • Middle East And Africa

Refurbished Smartphone Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The refurbished smartphone market report covers the following areas:

  • Refurbished Smartphone Market Size
  • Refurbished Smartphone Market Trends
  • Refurbished Smartphone Market Industry Analysis

Refurbished Smartphone Market Takeaways

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist refurbished smartphone market growth during the next five years
  • Estimation of the refurbished smartphone market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the refurbished smartphone market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the refurbished smartphone market, vendors

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Refurbished Smartphone Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.69%

Market growth 2022-2026

$ 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 consumer countries

US, China, India, Indonesia, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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, COVID 19 impact and future consumer 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.

 

Table of Contents:

***1. Executive Summary                        

              **1.1 Market overview 

                             *Exhibit 01:  Executive Summary – Chart on Market Overview

                             *Exhibit 02:  Executive Summary – Data Table on Market Overview

                             *Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                             *Exhibit 04:  Executive Summary – Chart on Market by Geography

                             *Exhibit 05:        Executive Summary – Chart on Market Segmentation by OS

                             *Exhibit 06:  Executive Summary – Chart on Incremental Growth

                             *Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                             *Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

***2. Market Landscape                          

              **2.1 Market ecosystem            

                             *Exhibit 09:  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 between2021 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                       

                             *Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

              **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     

                             *8.1.1 Circular economy and sustainability

                             *8.1.2 Growth in smartphone repair industry

                             *8.1.3 Increase in average selling price of smartphones

              **8.2 Market challenges             

                             *8.2.1 Easy availability of smartphones on e-commerce

                             *8.2.2 Smartphone initiatives by vendors

                             *8.2.3 Low demand of refurbished smartphone in developed economies

              **8.3 Impact of drivers and challenges  

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

              **8.4 Market trends     

                             *8.4.1 Growing number of online platforms dealing in refurbished smartphones

                             *8.4.2 Increasing number of partnerships between vendors and online marketplace

                             *8.4.3 Growing number of mergers and acquisitions (M&A)

***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        

                             *11.1.1 Market definition

                             *11.1.2 Objectives

                             *11.1.3 Notes and caveats

              **11.2 Inclusions and exclusions checklist           

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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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