Ny, Sept. 28, 2022 /PRNewswire/ — Definitely one of many key drivers of the refurbished smartphone market is the round financial system and sustainability. The rising Think about round financial system and sustainability is fueling the demand for refurbished smartphones. A substantial quantity of digital waste, Similar to computer systems, smartphones, and fullly different digital house equipment, is generated by nations such As a Outcome of the US, China, Japan, Germany, and India. Therefore, many nations are shifting in the direction of a round financial system to mitigate the environmental influence of e-waste. Refurbishing of smartphones reduces the carbon footprint and recycling prices. Such elements are anticipated to drive The enlargement of the market By way of the forecast interval.
Technavio has introduced its latest market evaluation report titled Worldwide Refurbished Smartphone Market 2022-2026
The worldwide refurbished smartphone market measurement Is predicted to develop by USD 45.98 billion from 2021 to 2026. As properly as, The enlargement momentum of the market will velocity up at a CAGR of 13.69% By way of the forecast interval, Based mostly on Technavio.
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Worldwide Refurbished Smartphone Market: Enchancment and Problem
The rising Quantity of on-line platforms dealing in refurbished smartphones is a trend On the market. Finish-to-end on-line platforms allow buying for and promoting of refurbished smartphones. The progress of on-line platforms supplying refurbished …….
Source: https://finance.yahoo.com/news/refurbished-smartphone-market-record-cagr-224500711.html