Global Refurbished Smartphone Market Report 2022

The value chain for pre-owned and refurbished smartphones is complicated. The Global Refurbished Smartphone Market Report simplifies it and provides volume forecasts and insights.

Global Refurbished Smartphone Market Report, 2022 by Research & Markets – an Overview

The Global Refurbished Smartphone Market Report is beneficial for the refurbished ecosystem players, Original Equipment Manufacturers, companies powering device trade-ins and insurance, smartphone component and accessories sellers, e-commerce giants, companies looking to enter the growing refurbished smartphone market, and any enterprise or individual that wants to have a better idea of the global secondary smartphone market.

The report also includes useful insights into the circular economy aspects like repair markets, eco-rating, and brand sustainability initiatives, thus adding extra value to the report.

Some Important Excerpts from the Report

Let us first understand some of the key terms used in the report. 

OEM- OEM can be a company that manufactures a component, which is then used by another company to build a whole system. Another instance can be when a company rebrands another company’s products and sells them to end-users.

ASP or average selling price refers to the price of a product at which it is typically sold. Now let us take a look at what the report has to say about the growth of the refurbished market and what the influencing factors for this growth are. 

The global Refurbished smartphone market has grown at the rate of 15% year over year. This growth can be attributed to the efforts of ecosystem players, government and consumer bodies. 

Though all regions and important countries have shown growth, the developing market is growing at a faster rate, leaving the developed market behind. It is because refurbished smartphones are more in demand in these unorganized sectors and geographies. In return, adequate supply by the OEMs, and refurbished smartphone sellers are proving key to this growing demand. 

On the other hand, the developed market is also expanding owing to increasing awareness for sustainability initiatives like repair, eco-rating, and e-waste management.