PUBLISHER: Allied Market Research | PRODUCT CODE: 1239613
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239613
An original manufacturer-returned smartphone is one that is then sold at a reduced price by that manufacturer or one of its reliable partners. Similar to that, carriers like Verizon, AT&T, or any other carrier may also provide and sell non-factory refurbished smartphones. It might provide their own unique refurbished bargains, in which devices are discounted and come with a particular dedicated warranty. Typically, used phones won't come with the original box or all of the attachments. However, they frequently undergo testing and have warranties.
Rise in consumer dependency on smartphone devices and increase in the number of companies providing EMI options for phone are driving the growth of the market. In addition, the cost-efficiency of refurbished and used mobile phones fuels the growth of the refurbished and used mobile phones market. However, the scarcity of top models and limitation in warranty period of refurbished and used mobile phones limit the growth of the market. Conversely, rise in adaption of e-commerce platforms among buyers and sellers is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The refurbished and used mobile phones market is segmented into type, price range, application, and region. By type, the market is bifurcated into refurbished phones and used phones. By price range, it is divided into low-priced, mid-priced, and premium. By application, it is bifurcated into individuals and businesses. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global refurbished and used mobile phones market is dominated by key players such as Apple Inc., Amazon, Samsung, Verizon Communications, Inc, Cashify, Walmart, eBay, Paytm, Huawei, AT&T Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.