Summary

The refurbished and used mobile phones market in Europe is experiencing a substantial surge in demand, driven by consumers seeking cost-effective alternatives to new devices. In 2024, the market is projected to be valued at $18.2 billion, and by 2031, it is expected to reach a significant $38.59 billion, growing at a robust CAGR of 11.30%. As the price of new mobile devices continues to escalate, a significant portion of the population is turning to refurbished and pre-owned phones, which offer an economical alternative without sacrificing quality. This market is growing rapidly, fueled by shorter smartphone replacement cycles, heightened environmental awareness, and the widespread popularity of e-commerce platforms.

Refurbished Devices: A Practical Substitute for New Smartphones

Refurbished mobile phones are pre-owned devices that have undergone extensive refurbishing, including repairs, part replacements, and thorough testing. Typically offered by manufacturers or certified refurbishers, these devices often come with a limited warranty, providing budget-conscious consumers with a reliable and cost-effective solution. The demand for refurbished phones is steadily rising as they enable users to purchase premium-quality devices at a fraction of the cost of new models.

A key selling point for refurbished phones is the rigorous quality assurance they undergo, ensuring that they function as effectively as brand-new devices. This stringent process has significantly increased consumer trust in refurbished products, further fueling their demand across the market.

Affordability and Sustainability Driving Consumer Preference

As the cost of living rises, consumers are actively searching for affordable alternatives to new smartphones. Refurbished and used mobile phones offer an attractive solution for those looking to save on their tech purchases. Additionally, growing environmental awareness has shifted consumer preferences toward refurbished devices, which help mitigate electronic waste and support sustainability efforts.

The proliferation of e-commerce platforms has also been instrumental in expanding the market for refurbished and used phones. Online marketplaces provide consumers with convenient access to a broad selection of devices, making it easier to purchase refurbished phones. As online shopping continues to gain popularity, the demand for second-hand mobile phones is expected to rise steadily.

Accelerated Upgrade Cycles Propel Market Expansion

The rapid pace of technological advancements and the increasingly shorter upgrade cycles of smartphones have played a significant role in the expanding supply of refurbished and used phones. With smartphone manufacturers frequently introducing new models with enhanced features, consumers are more inclined to upgrade to newer devices. This, in turn, has resulted in a growing supply of used phones that are refurbished and sold at lower prices. As the secondary market for refurbished phones grows, its expansion is anticipated to continue for the foreseeable future.

Regional Insights: The United Kingdom Leading the European Market

The United Kingdom is at the forefront of Europe’s refurbished and used mobile phones market. The UK’s robust mobile phone industry, along with the availability of refurbished and pre-owned devices from leading brands, has spurred demand for these products. Additionally, the competitive nature of the market, with numerous retailers offering refurbished devices at attractive prices, has solidified the UK as a key market for refurbished mobile phone providers.

Germany: A Rising Market with Strong Growth Prospects

Germany is emerging as a high-potential market for refurbished and used mobile phones. The increasing demand for affordable smartphones, paired with the growing adoption of e-commerce, has boosted interest in refurbished devices. German consumers are increasingly opting for refurbished phones as a cost-effective way to access the latest technology. The market is expected to expand further in the coming years, supported by the rising popularity of online platforms offering a wide array of refurbished smartphones.

Category Insights: Affordability Drives Refurbished Phone Demand

Refurbished phones account for a significant portion of Europe’s refurbished and used mobile phones market. Their affordability, compared to new devices, remains a key factor driving consumer demand. As more individuals recognize the value of purchasing refurbished phones—offering similar functionality and performance to new models at a significantly reduced cost—this trend is expected to continue, with consumers increasingly choosing refurbished devices for their smartphone needs.

Mid-Priced Brands: The Popular Choice for Refurbished Phones

Mid-tier brands are seeing substantial demand in the European refurbished and used mobile phones market due to their strong value-for-money proposition. These brands provide high-quality devices at accessible price points, making them an appealing option, particularly during economic uncertainty. Demand for refurbished phones from mid-priced brands is projected to increase as consumers continue to prioritize cost-effectiveness and quality when making purchasing decisions.

Competitive Analysis

•Apple Inc.

•Samsung

•Google

•Lenovo

•Huawei

•Xiaomi

•Motorola

•Nokia

•Sony

•OnePlus

•LG

•HTC

Key Segments of Europe Refurbished and Used Mobile Phones Industry Research

By Product Type:

•Refurbished Phones

•Used Phones

By Pricing Range:

•Low-priced Brands (Less Than US$ 200)

•Mid-priced Brands (US$ 200 to US$ 500)

•Premium-priced Brands (More Than US$ 500)

By Sales Channel:

•Online/e-Commerce

•Physical Retail Stores

oOrganized Retailers

oUnorganized Retailers

By Region:

•Western Europe

•Central & Eastern Europe

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Table of Contents

1. Executive Summary
1.1. Europe Refurbished and Used Mobile Phones Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Europe Refurbished and Used Mobile Phones Market Outlook, 2019 - 2031
3.1. Europe Refurbished and Used Mobile Phones Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. Refurbished Phones
3.1.1.2. Used Phones
3.2. Europe Refurbished and Used Mobile Phones Market Outlook, by Pricing Range, Value (US$ Bn), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. Low-priced Brands (Less Than US$ 200)
3.2.1.2. Mid-priced Brands (US$ 200 to US$ 500)
3.2.1.3. Premium-priced Brands (More Than US$ 500)
3.3. Europe Refurbished and Used Mobile Phones Market Outlook, by Sales Channel, Value (US$ Bn), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Online/e-Commerce
3.3.1.2. Physical Retail Stores
3.3.1.2.1. Organized Retailers
3.3.1.2.2. Unorganized Retailers
3.4. Europe Refurbished and Used Mobile Phones Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.5. Europe Nebulizer Devices Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
3.5.1. Key Highlights
3.5.1.1. Germany Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.2. Germany Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.3. Germany Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.4. U.K. Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.5. U.K. Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.6. U.K. Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.7. France Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.8. France Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.9. France Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.10. Italy Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.11. Italy Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.12. Italy Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.13. Turkey Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.14. Turkey Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.15. Turkey Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.16. Russia Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.17. Russia Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.18. Russia Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
3.5.1.19. Rest of Europe Nebulizer Devices Market by Product Type, Value (US$ Bn), 2019 - 2031
3.5.1.20. Rest of Europe Nebulizer Devices Market by Pricing Range, Value (US$ Bn), 2019 - 2031
3.5.1.21. Rest of Europe Nebulizer Devices Market by Sales Channel, Value (US$ Bn), 2019 - 2031
4. Competitive Landscape
4.1. By Product Type vs By Pricing Range Heat map
4.2. Company Market Share Analysis, 2024
4.3. Competitive Dashboard
4.4. Company Profiles
4.4.1. Apple Inc.
4.4.1.1. Company Overview
4.4.1.2. Product Portfolio
4.4.1.3. Financial Overview
4.4.1.4. Business Strategies and Development
4.4.2. Samsung
4.4.2.1. Company Overview
4.4.2.2. Product Portfolio
4.4.2.3. Financial Overview
4.4.2.4. Business Strategies and Development
4.4.3. Google
4.4.3.1. Company Overview
4.4.3.2. Product Portfolio
4.4.3.3. Financial Overview
4.4.3.4. Business Strategies and Development
4.4.4. Lenovo
4.4.4.1. Company Overview
4.4.4.2. Product Portfolio
4.4.4.3. Financial Overview
4.4.4.4. Business Strategies and Development
4.4.5. Huawei
4.4.5.1. Company Overview
4.4.5.2. Product Portfolio
4.4.5.3. Financial Overview
4.4.5.4. Business Strategies and Development
4.4.6. Xiaomi
4.4.6.1. Company Overview
4.4.6.2. Product Portfolio
4.4.6.3. Financial Overview
4.4.6.4. Business Strategies and Development
4.4.7. Motorola
4.4.7.1. Company Overview
4.4.7.2. Product Portfolio
4.4.7.3. Financial Overview
4.4.7.4. Business Strategies and Development
4.4.8. Nokia
4.4.8.1. Company Overview
4.4.8.2. Product Portfolio
4.4.8.3. Financial Overview
4.4.8.4. Business Strategies and Development
4.4.9. Sony
4.4.9.1. Company Overview
4.4.9.2. Product Portfolio
4.4.9.3. Financial Overview
4.4.9.4. Business Strategies and Development
4.4.10. OnePlus
4.4.10.1. Company Overview
4.4.10.2. Product Portfolio
4.4.10.3. Financial Overview
4.4.10.4. Business Strategies and Development
4.4.11. LG
4.4.11.1. Company Overview
4.4.11.2. Product Portfolio
4.4.11.3. Financial Overview
4.4.11.4. Business Strategies and Development
4.4.12. HTC
4.4.12.1. Company Overview
4.4.12.2. Product Portfolio
4.4.12.3. Financial Overview
4.4.12.4. Business Strategies and Development
5. Appendix
5.1. Research Methodology
5.2. Report Assumptions
5.3. Acronyms and Abbreviations