The report ‘Refurbished and Used Mobile Phone Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)’ is a comprehensive compilation on the refurbished and used mobile phone market and contains exclusive information regarding the market analysis, growth and forecasts for the period 2017 to 2025. Refurbished phones are the type of used mobile phones, which are returned back to the seller because of certain defects. These phones are repaired and processed under full quality check with specific industrial standards and again pushed back to the supply chain for reselling. The products that are under the category of opened box, demo units, production defects and shipping or exterior damage are labeled as refurbished. The advantages of using refurbished phones are the availability of certified quality phones at a discounted price, the fact that these are environmentally friendly alternatives and also that refurbished phones are backed by warranty.
This report is divided into four distinct parts. The first section consists of the introduction to the refurbished and used mobile phone market. The second section of the report consists of the regional refurbished and used mobile phone market analysis and forecast. The third section contains the competitive landscape of the global refurbished and used mobile phone market and gives a list of the important players operating in this niche market. The last section of the report consists of the global refurbished and used mobile phone market analysis 2012-2016 and forecast 2017-2025 by region, by type and by brand.
In the introduction, the pertinent market numbers of the global refurbished and used mobile phone market are given along with the CAGR for the forecast period 2017-2025. The introduction also contains an executive summary of this detailed report through which the report audiences can have a cursory glance at this vast market. The report also presents a detailed definition of refurbished and used phones and highlights their different types. In addition, the introduction also contains the parent market overview, which depicts the evolution of smart phones. The global refurbished and used mobile phone value chain analysis is also given in the introduction. The macroeconomic factors influencing the global refurbished and used mobile phone market are also listed here. Also, technological trends and opportunity analysis for the global refurbished and used mobile phone market is given in the introduction.
The second section of the report consists of the regional refurbished and used mobile phone market analysis and forecast. In this section, the regional drivers, restraints and trends are given so that the report audience knows what factors are aiding the growth of this market and what factors are hampering the growth of this market across the various assessed regions. Besides the drivers and restraints, the trends that are applicable in the global refurbished and used mobile phone market are also discussed region-wise in this section of the report. Also key regulations pertaining to each of the assessed regions are also given in this section of the report.
An important section of the report focuses on the competitive landscape of the global refurbished and used mobile phone market. This part constitutes information on the key market players. This competition landscape gives a dashboard view of the key companies operating in the global refurbished and used mobile phone market along with their important information and broad strategy adopted to stay as leaders in the global refurbished and used mobile phone market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented.
The last section of the report highlights the global refurbished and used mobile phone market analysis and forecast as well as important market metrics such as BPS, year-on-year growth rates, absolute dollar opportunity and market attractiveness analysis of the refurbished and used mobile phone market.
Why should you invest in this report?
If you are ready to enter the global refurbished and used mobile phone market, then this report is a comprehensive guide and will give you crystal clear insights into this vast and lucrative market. All the aspects of refurbished and used mobile phones are covered in this report and information is also given on the important regions of the world where this market is likely to boom in the near future and during the forecast period of 2017-2025 to help you plan your strategies accordingly. Besides, through this report, you can gain a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, then this report will help you gauge the strategies that your competitors have adopted to stay as leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
A tested and proven research methodology for accurate estimation of market performance
In this report, historical data, primary responses and public domain data has been thoroughly analyzed to infer the market size. Revenue of companies operating in the refurbished and used mobile phone market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to determine the market size for the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global refurbished and used mobile phone market.
Persistence Market Research forecasts revenue from the global refurbished and used mobile phone market to increase from nearly US$ 19.7 Bn in 2017 to about US$ 38.9 Bn by 2025 end, representing a CAGR of 8.9% from 2017 to 2025. This increasing revenue growth can be attributed to a sudden price drop in electronic devices that is attracting new consumers to purchase refurbished mobile phones.
Government regulation on electric waste in North America is fueling the market for refurbished and used mobile phones
E-waste is a major environmental concern, as it causes an adverse effect on the environment, which further creates the possibility of toxic metal leaching into groundwater. E-waste can cause water pollution that is bound to affect the health of living beings. So to cater to proper handling of e-waste, governments have put strict regulations on the handling and disposing of e-waste. As per the U.S. EPA, electronic waste grew 120% between 1999 and 2009. Only 25% of the 2.4 million tons of disposed electronics were collected for reuse or recycling. Considering the same scenario, countries in the North America region such as the U.S and Canada are enforcing strict regulations to regulating e-waste, which is anticipated to pilot the growth of the refurbished and used mobile phone market.
Increasing e-waste in the North America region propelling the use of refurbished and used mobile phones
According to the global e-waste monitor 2014, total e-waste generation in the Americas was 11.7 metric tons, among which 7.1 metric tons was contributed by the U.S. Increasing e-waste creates environmental effects such as leakage of toxic material into the ground water and this is a major problem of emerged economies. Owing to this, adoption of recycled and refurbished goods is expected to grow in the North America region during the forecast period.
Lack of consumer trust in refurbished and used mobile phones hampering the growth of this market
Refurbished phones are categorized as second hand phones, owing to which customers have a pre-conceived notion about the quality of these phones and avoid the purchasing of refurbished phones. Further, lack of awareness about the quality check process creates a purchasing dilemma, which results in consumer misconception about the quality and features of refurbished phones. These are the main reasons that are negatively impacting the growth of the refurbished and used mobile phone market.
Global Refurbished and Used Mobile Phone Market Attractiveness By Type, 2017–2025
In terms of value, the Company Owned segment is projected to be the most attractive in the global refurbished and used mobile phone market during the forecast period. The Company Owned segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to register a CAGR of 10.3% during the forecast period. In 2016, the Consumer Owned segment was valued at US$ 10.1 Bn and is expected to witness steady growth in terms of revenue throughout the forecast period.
Major phone manufacturing companies have started thinking of recycling products and extracting profitability
Companies such as SAMSUNG and Motorola are placing greater emphasis on green initiatives. These companies are participating in recycling and reusing their products to achieve sustainability. These companies are offering a separate section of refurbished goods on their respective websites to serve as a CSR activity and also to assist in increased sales of the defective or unlocked phones. Other top players are likely to follow suit, causing a big surge in the refurbished and used mobile phone market.
Refurbished and Used Mobile Phone Providers