target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: Market Forecast - Doc Document number: # US49944722
Worldwide Used Smartphone Forecast, 2022–2026
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Abstract
This IDC study provides a five-year forecast of the worldwide used smartphone market and its expansion and growth by 2026. This study provides an updated market forecast, based upon changes that will impact resellers, OEMs vendors, carriers, and consumers.
"The used market is set to grow 11.5%, thanks to the return to growth, thanks to the 6.1% rebound we witnessed in the new market for 2021," says Anthony Scarsella, research director for IDC's Mobile Phone program. "Used devices demonstrate more resilience to market inhibitors than new smartphone sales as consumer appetite remains elevated in many regions. Attractive price points are critical for growth as cost savings remain the primary benefit. However, a high-end inventory struggle due to elongated refresh cycles in the new market has used prices growing over 11% in 2022."