Worldwide Used Smartphone Forecast, 2020–2024

Worldwide Used Smartphone Forecast, 2020–2024

This IDC study provides a five-year forecast of the worldwide used smartphone market and its expansion and growth by 2024. This study provides an updated market forecast, based upon changes that will impact resellers, OEMs, vendors, carriers, and consumers."Despite the recent declines in the new smartphone market as well as the forecast minimal growth, we expect that in the next few years, the used market for smartphones will show no signs of slowing down across all parts of the globe," says Anthony Scarsella, research manager for IDC's Mobile Phones program. "Refurbished and used devices continue to provide cost-effective alternatives to both consumers and businesses that are looking to save money when purchasing a smartphone. Moreover, the ability for vendors to push more affordable refurbished devices in markets in which they normally would not have a presence is helping these players grow their brand as well as their ecosystem of apps, services, and accessories."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Used Smartphone ASP Forecast
Used Smartphone Value Forecast
Market Context
Drivers and Inhibitors
Drivers
Growing ASPs to Boost Trade-Ins
5G Handsets
Inhibitors
COVID-19
Economy
Market Saturation
Replacement Cycle
Significant Market Developments
Right to Repair
Changes from Prior Forecast
Market Definition
Understanding the Secondary Market Ecosystem
Methodology
Related Research

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