U.S. Refurbished and Used Smartphone Market Introduction and Overview
According to SPER Market Research, the U.S. Refurbished and Used Smartphone Market is estimated to reach USD 36.59 billion by 2033 with a CAGR 14.13%.
The report includes an in-depth analysis of the U.S. Refurbished and Used Smartphone Market, including market size and trends, product mix, distribution channels, and supplier analysis. Used phones are cell phones that have been owned by users before being resold to other buyers via online marketplaces. Used phones are rarely the customer's first choice when purchasing a phone because they need to be inspected for functionality and working condition. Because they already have all of the inspections and the buyer does not have to spend additional time ensuring the quality, refurbished phones have become more and more popular. Additionally, secondhand phones are less expensive than brand-new models on the market, allowing middle-class consumers to choose reasonably priced and in excellent condition used phones.
- Apple, Inc. unveiled all the refurbished iPhone 12 variants that would be continuously available for purchase in September 2022. Apple previously sold the iPhone 11 and its prior generations.
Market Opportunities and Challenges
Opportunities: During the past five years, there has been an increase in the quantity of mobile phones with cutting-edge technology in the United States. But the eventual cost of cellphones has gone up as a result of new technology becoming available. Customers in underdeveloped nations therefore choose to utilize refurbished and used mobile phones instead of shelling out large sums of money for brand-new ones. An almost same utility might be obtained from a refurbished and used mobile model that is a year or two old, provided that the technology meets the current benchmark. Many reasons may contribute to the increasing popularity of e-commerce sites selling reconditioned and used cellphones. These platforms present more economical choices to consumers who are looking for less expensive alternatives to new gadgets.
Challenges: The U.S. market for refurbished and used smartphones confronts major challenges. Customer trust is a major barrier. Due to worries about their quality, durability, and possible hidden flaws, many consumers are hesitant to acquire refurbished or used electronics. Demand for pre-owned smartphones may also be weakened by competition from new smartphone models. More often updates and new features result from the quick speed at which technology is developing, which devalues previous versions. Variability in supply is another difficulty. Despite the fact that secondhand cellphones are constantly coming onto the market, both buyers and sellers may experience inconsistencies due to the significant variations in availability and condition of these devices.
Market Competitive Landscape
Due to the existence of multiple smartphone brands, there is intense competition amongst providers of refurbished and used smartphones. Among the leading companies in the market are Apple Inc., Amazon, Samsung, Verizon Communications, Inc., Cashify, Walmart, eBay, Paytm, Huawei, Yaantra, AT&T Inc., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Price Point, By Sales Channel, By Application
|
| Regions covered | Eastern, Western, Northern, Southern
|
| Companies Covered | Apple Inc., Amazon, Samsung, Verizon Communications, Inc., Cashify, Walmart, eBay, Paytm, Huawei, Yaantra, AT&T Inc., Others. |
COVID-19 Impact on U.S. Refurbished and Used Smartphone Market
A shift toward working and learning from home was sparked by the COVID-19 pandemic. The last ten years have seen a steady increase in the movement away from work and toward work from work. The COVID-19 pandemic has expedited the trend significantly in a little amount of time, compelling businesses of all sizes to promptly implement the self-isolation measures that have been recommended by governments across the globe.
Key Target Audience:
- Budget-Conscious Consumers
- Secondary Device Buyers
- Environmentally Conscious Individuals
- Emerging Market Consumers
Our in-depth analysis of the U.S. Refurbished and Used Smartphone Market includes the following segments:
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By Type: |
Refurbished Phones
Used Phones
|
|
By Price Point: |
Low-priced
Mid-priced
Premium
|
|
By Sales Channel: |
Online
Offline
|
|
By Application: |
Individual
Businesses
|
Key Topics Covered in the Report:
- U.S. Refurbished and Used Smartphone Market Size (FY’2024-FY’2033)
- Overview of U.S. Refurbished and Used Smartphone Market
- Segmentation of U.S. Refurbished and Used Smartphone Market By Type (Refurbished, Phones, Used Phones)
- Segmentation of U.S. Refurbished and Used Smartphone Market By Price Point (Low-priced, Mid-priced, Premium)
- Segmentation of U.S. Refurbished and Used Smartphone Market By Sales Channel (Online, Offline)
- Segmentation of U.S. Refurbished and Used Smartphone Market By Application (Individual, Businesses)
- Expansion Analysis of U.S. Refurbished and Used Smartphone Market
- Problems and Obstacles in U.S. Refurbished and Used Smartphone Market
- Competitive Landscape in the U.S. Refurbished and Used Smartphone Market
- Impact of COVID-19 and Demonetization on U.S. Refurbished and Used Smartphone Market
- Details on Current Investment in U.S. Refurbished and Used Smartphone Market
- Competitive Analysis of U.S. Refurbished and Used Smartphone Market
- Prominent Players in the U.S. Refurbished and Used Smartphone Market
- SWOT Analysis of U.S. Refurbished and Used Smartphone Market
- U.S. Refurbished and Used Smartphone Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the U.S. Refurbished and Used Smartphone Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. U.S. Refurbished and Used Smartphone Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in U.S. Refurbished and Used Smartphone Market
7. U.S. Refurbished and Used Smartphone Market, By Type (USD Million) 2020-2033
7.1. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Type, 2020-2026
7.2. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Type, 2027-2033
7.3. Refurbished Phones
7.4. Used Phones
8. U.S. Refurbished and Used Smartphone Market, By Price Point (USD Million) 2020-2033
8.1. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Price Point, 2020-2026
8.2. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Price Point, 2027-2033
8.3. Low-priced
8.4. Mid-priced
8.5. Premium
9. U.S. Refurbished and Used Smartphone Market, By Sales Channel (USD Million) 2020-2033
9.1. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Sales Channel, 2020-2026
9.2. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Sales Channel, 2027-2033
9.3. Online
9.4. Offline
10. U.S. Refurbished and Used Smartphone Market, By Application (USD Million) 2020-2033
10.1. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Application, 2020-2026
10.2. U.S. Refurbished and Used Smartphone Market Size, Share and Forecast, By Application, 2027-2033
10.3. Individual
10.4. Businesses
11. U.S. Refurbished and Used Smartphone Market Forecast, 2020-2033 (USD Million)
11.1. U.S. Refurbished and Used Smartphone Market Size and Market Share
12. U.S. Refurbished and Used Smartphone Market, By Region, 2020-2033 (USD Million)
12.1. U.S. Refurbished and Used Smartphone Market Size and Market Share By Region (2020-2026)
12.2. U.S. Refurbished and Used Smartphone Market Size and Market Share By Region (2027-2033)
12.3. Eastern
12.4. Western
12.5. Northern
12.6. Southern
13. Company Profile
13.1. Apple Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Amazon
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Samsung
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Verizon Communications, Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Cashify
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Walmart
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. eBay
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Paytm
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Huawei
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Yaantra
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. AT&T Inc.
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Others
14. Conclusion
15. Reference Links
16. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
