Refurbished Smartphone Market Detailed Analysis of Current Industry Figures With Forecasts Growth By 2032.
Market Research Future Insights
According to MRFR analysis, The refurbished smartphone market is projected to grow from USD 60.3 billion in 2023 to USD 154.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 - 2032).
Segment Analysis
The global refurbished smartphone market has been segmented based on type, price range and application.
Based on type, the market is segmented into Refurbished Phone and Used Phone. The refurbished phone segment was attributed to holding the largest market share in 2022.
Based on price range, the global refurbished smartphone market has been segmented into Low Price (Below $20, Mid Price ($200 to $50 and Premium (Above $50. The mid price ($200 to $50 segment was expected to hold the largest market share in 2022.
Based on the application, the global refurbished smartphone market has been segmented into Individual and Businesses. The online channel segment was expected to hold the largest market share in 2022.
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