This IDC study provides a five-year forecast of the worldwide used smartphone market."For some, the thought of purchasing a used or refurbished smartphone would be out of the question, yet on both a regional and worldwide level, the market continues to grow," said Ramon T. Llamas, research director with IDC's Mobile Devices and AR/VR. "Smartphones whose hardware could still last three or even four years after initial ownership and whose software can be updated for years to come can find a second or even third life well beyond their first owners. Meanwhile, customers benefit from saving money compared with purchasing a new smartphone. What will bear close attention in the years to come is the level of inventory and how resellers choose to price it."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Hardware Durability
Software and Security Updates
Repairability
Market Forecast
Regional Unit Forecast
Average Selling Price Forecast
Used Smartphone Value Forecast
Market Context
Drivers and Inhibitors
Drivers
Trade-In Programs
Growing Consumer Awareness and Demand
Inhibitors
Replacement Rates for New Smartphones
Competition from the New Smartphone Market
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research
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