The market for second-hand smartphones will triple by 2020

Increase in the sales of used and remanufactured (refurbished) smartphones in the global market is expected by the end of…
of the decade. The market of used and refurbished smart mobile it is estimated that it will move upwards with an average annual increase of 22,3%. At the level of absolute numbers, the 2020 estimated to be circulating worldwide, 223 million. used smartphones, compared to approximately 81,3 million. 2015, which is almost a tripling of the market.
According to the forecasts of IDC, that are included in the relevant report (Worldwide Used Smartphone Forecast, 2016-2020), the total value of the market for used mobile phones in 2020 will reach $30 billion (p.p. taking into account that the average selling price for a used device will be in the range of $136 2020).
The market of used mobile has seen a great development in the last few years, supported by a series of programmes “trade-in” and “buyback” in multiple channels and platforms, and disposal. Especially in the USA, the sales of second-hand smartphones with large discount tend to evolve into a significant buying trend, while the last five years, upward moving channel of the used device in Western Europe and Asia.
Predictions
North America it is estimated that it will display the fastest rate of growth of the market of second-hand smartphones by 2020. In particular, the sales of used smartphones (data 2015) amounted to 15.2 million. with their share on the total shipments of smartphones in the region, accounting for 18,7%. 2020 in the North American market is expected to be sold 55,2 million. second-hand smartphones, with their share in the overall market, to reach 24.8%, which translates into an average annual growth rate of 29,4%.
The rest of the world, in 2015, according to IDC, available 66,1 million. used “smart” phones, a number that will skyrocket to 167,4 million. 2020.
Used
According to another study by Deloitte, 2016, consumers are expected to sell or exchange approximately 120 million. used smartphones, generating more than $17 billion to their holders. This – according to the company – it is a very significant increase compared with the 80 million. smartphones, which are marketed in 2015 with a value of $11 billion. In addition, as it considers the same study, 10% of new premium smartphones (worth $500 or higher) which will be purchased in 2016, it will likely end up having three or more owners before withdrawn from the market.
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