Refurbished Smartphone Market to Record a CAGR of 13.69%, Growing Number of Online Platforms Dealing in Refurbished Smartphones to be a Key Trend - Technavio

NEW YORK, Sept. 28, 2022 /PRNewswire/ -- One of the key drivers of the refurbished smartphone market is the circular economy and sustainability. The rising focus on circular economy and sustainability is fueling the demand for refurbished smartphones. A large amount of electronic waste, such as computers, smartphones, and other electronic appliances, is generated by countries such as the US, China, Japan, Germany, and India. Hence, many countries are shifting towards a circular economy to mitigate the environmental impact of e-waste. Refurbishing of smartphones reduces the carbon footprint and recycling costs. Such factors are expected to drive the growth of the market during the forecast period.

The global refurbished smartphone market size is expected to grow by USD 45.98 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 13.69% during the forecast period, according to Technavio.

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The growing number of online platforms dealing in refurbished smartphones is a trend in the market. End-to-end online platforms enable buying and selling of refurbished smartphones. The growth of online platforms offering refurbished smartphones will increase market penetration, especially in emerging economies.

The easy availability of smartphones on e-commerce will challenge the market growth. E-commerce giants offer a wide range of smartphones at low prices. Moreover, they offer discounts during festivals and summer seasons, which attract a large number of consumers. Therefore, a rise in e-commerce brands can negatively impact the demand for refurbished smartphones.

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By OS, the market has been segmented into Android and iOS. The Android segment will be the largest contributor to market growth during the forecast period. The popularity of refurbished Android OS is increasing due to the low cost and availability of a variety of features. The rising focus on circular economy models is driving segment growth. It is leading to partnerships and interactions between sellers and refurbishes in the refurbished smartphone market.

By geography, the market has been segmented into APAC, North America, Europe, South America, and the Middle East and Africa. APAC will account for 49% of the market's growth during the forecast period. This growth is attributed to factors such as the growing price of smartphones, the development of telecom infrastructure, and the lack of disruptive features in android smartphones. Moreover, Market growth in this region will be faster than the growth of the market in other regions. China, India, and Indonesia are the key countries for the refurbished smartphone market in APAC.

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• 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.
• Amazon.com Inc.

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2021, 2022, till 2026
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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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                  

              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    

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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