Reports
Reports
Sale
The global refurbished and used mobile phones market size was valued at USD 62.48 billion in 2023. The market is further projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching a value of USD 110.72 billion by 2032.
Refurbished and used mobile phones are devices that have been previously owned or used by someone else and then resold or recycled. Refurbished phones are usually restored to their original condition and functionality by the manufacturer or a third-party service provider, while used phones are sold as they are, without any repairs or updates. Both types of phones offer a cheaper alternative to buying new phones, but they may also have some drawbacks, such as lower battery life or limited warranty.
The refurbished and used mobile phones market is expected to grow at a significant rate in the coming years, due to the increasing demand for smartphones, especially in emerging markets, where affordability is a key factor. In addition, the rising environmental awareness and social responsibility among consumers, who prefer to reuse and recycle their old phones rather than discarding them is positively impacting the refurbished and used mobile phones market outlook.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Emergence of online platforms, rising popularity of trade-in and buyback programs, and increased focus on reducing electronic waste are boosting the market growth
Date | Company | News |
November 2023 | Samsung Electronics Co. Ltd | Launched a Certified Renewed program for flagship phones in refurbished condition a year after their original release. These smartphones come with a one-year warranty, a new battery, a 100-point inspection, and discounts of up to 30%. |
September 2023 | Fairphone | The Dutch social enterprise launched Fairphone 5 with the most efficient battery made from recycled steel, nickel alloy, tin, and plastic. The phone is made to last almost ten years and is easily repairable, with reasonably priced replacement parts and a five-year warranty included. |
May 2023 | Apple Inc. | In India, Apple has emerged as the brand with the fastest rate of growth for refurbished smartphones. As of 2022, 11% of all refurbished smartphones sold in the nation were iPhones, up from 3% the year before. |
January 2022 | Flipkart Group | Flipkart Group purchased Yaantra, a resale electronics company. The acquisition enhanced the company's after-sales services for its smartphone segment clients and bolstered its recommerce business. |
Trends | Impact |
Emergence of online platforms and e-commerce sector | Online platforms and e-commerce sites are becoming the preferred channels for buying and selling refurbished and used mobile phones, as they offer convenience, transparency, and trust to the customers. They also provide features such as warranty, certification, grading, and delivery services. |
Rising popularity of trade-in and buyback programs | Trade-in and buyback programs are gaining popularity among consumers, as they allow them to exchange their old devices for new ones or get cash incentives. These programs help in increasing the supply of refurbished and used mobile phones and reducing the e-waste generated by industry. |
Availability of 5G networks and innovationin smartphone features | Smartphone innovations are driving the demand for refurbished and used mobile phones, as consumers seek to upgrade their devices to the latest technology and features, such as bigger screens, foldable phones, advanced camera functions, 5G capabilities, wireless charging, and improved battery life. |
Increased focus on reducing electronic waste | Regulatory and environmental factors are influencing the refurbished and used mobile phones market growth, as governments and organisations are promoting the circular economy and the reduction of e-waste. They are also implementing policies and standards to ensure the quality, safety, and legality of the refurbished and used mobile phones. |
The refurbished and used mobile phones market is growing rapidly due to various factors such as increasing smartphone penetration, cost savings, and availability of quality devices. Purchase of refurbished and used mobile phones is expected to rise dramatically over the coming years due to the rising popularity of consumer electronics, refurbished phones, and used phones through various online and offline sales channels. The growth of smartphone adoption, burgeoning emerging markets, and increased consumer demand for low-cost items are all factors that have further increased the refurbished and used mobile phones market value.
One of the key trends in refurbished and used mobile phones industry has been an increase in costs of new mobile phones with limited feature upgrades. As the costs of new mobile phones increase, more individuals are buying refurbished and used mobile phones at lower costs. Refurbished phones are thoroughly tested, increasing their reliability while used phones are available in relatively new condition and can be verified by buyers. Furthermore, the shorter replacement cycles and frequent launch of new models by the leading smartphone brands, which create a surplus of older devices that can be refurbished and resold is aiding in refurbished and used mobile phones market growth.
Moreover, the refurbished and used mobile phones market size has been increasing due to emergence of online platforms and channels that facilitate the trade and distribution of refurbished and used phones, such as e-commerce sites, online auctions, and peer-to-peer networks. The easy availability of refurbished and used mobile phones on online platforms from reliable sellers and networks, with complete details and multiple images and videos are encouraging buyers to purchase used mobile phones. For example, Apple's official website offers certified refurbished iPhones with a one-year warranty and the Apple Certified Refurbished promise. These factors have led to refurbished and used mobile phones market expansion.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Global Refurbished and Used Mobile Phones Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Type | Refurbished phones, Used phones |
Pricing Range | Low-priced, Medium-priced, Premium |
Distribution Channel | Online, Offline |
Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Refurbished phones are expected to hold significant market share due to availability of repaired smartphones at lower prices and warranty
The development in refurbished and used mobile phones market can be credited to the increasing affordability, accessibility, and sustainability of refurbished and used phones, as well as the technological advancements and innovations in the smartphone industry.
Refurbished phones are those that have been returned to the manufacturer or a third-party vendor for repair or replacement of faulty components, and then resold to the market with a warranty. This segment accounted for the largest refurbished and used mobile phones market share and is projected to maintain its dominance throughout the forecast period. The high demand for refurbished phones is attributed to the availability of quality products at lower prices, the assurance of warranty and after-sales service, and the preference for certified and branded devices. The major players in this segment include Apple, Samsung, Huawei, Xiaomi, and OnePlus.
According to refurbished and used mobile phones market insights, the used phones segment is expected to witness the fastest growth rate in the forecast period due to the increasing penetration of online platforms that facilitate the exchange and resale of used phones, such as eBay, Amazon, and Gazelle. The growing consumer awareness about the environmental benefits of reusing and recycling phones, and the emergence of new business models, such as device leasing and trade-in programs, are also expected to boost the demand for used phones.
The medium-priced and low-priced segments contribute significantly to the market due to wide availability of mid-priced cell phones on online websites
The low-priced segment includes refurbished and used mobile phones that are sold for less than USD 100. This segment accounts for the largest share of the market, as it caters to the demand from emerging regions such as Asia Pacific, Latin America, and Africa, where most of the population have low purchasing power and prefer affordable devices. The low-priced segment is driven by the growth of online platforms, trade-in programs, and financing schemes. Some of the key players in this segment are Samsung, Huawei, Xiaomi, and Oppo.
According to pricing range, the medium-priced segment is anticipated to contribute significantly to the used and refurbished mobile phones market as it caters to the demand from developed regions such as North America and Europe, where consumers are looking for mid-range devices with decent features and performance. Moreover, due to the wide selection of mid-priced cell phones on online websites with a variety of payment options, the segment is growing. Flagship models, such as iPhone 8, iPhone X, and Samsung Galaxy S9 after a few years tend to be priced in the medium range in refurbished and used format, enabling consumers interested in high-end phones to purchase them at a lower cost.
The premium segment in the refurbished and used mobile phones market includes the mobile phones that are sold for more than USD 400. This segment accounts for the smallest share of the market, as it caters to the demand from niche segments such as enthusiasts, collectors, and early buyers, who are willing to pay a premium for high-end devices with advanced features and specifications. The premium segment declined by 5% year-on-year due to the saturation of the smartphone market and the lack of innovation and differentiation among flagship models. Some of the key players in this segment are Apple, Samsung, Google, and Huawei.
Market participants are actively engaged in offering refurbished and used phones online to cater to increasing consumer demand for affordable and quality smartphones.
Company Name | Year Founded | Headquarters | Products/Services |
Samsung Electronics Co. Ltd | 1969 | Suwon, South Korea | Smartphones, TVs, semiconductors, home appliances, etc. |
Amazon.com, Inc. | 1994 | Washington, United States | E-commerce, cloud computing, digital streaming, artificial intelligence, etc. |
AT&T Inc. | 1983 | Texas, United States | Telecommunications, media, entertainment, technology, etc. |
Verizon | 2000 | New York, United States | Wireless, broadband, cable, digital media, etc. |
Other key players in the global refurbished and used mobile phones market include Apple Inc., Flipkart Internet Private Limited, Reboxed Limited, FoneGiant.com, Kempf Enterprises Limited, and Nippon Telephone Inc., among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Asia Pacific is the dominating region due to the increased accessibility of refurbished and used mobile phones in countries, like India and China
Asia Pacific is anticipated to maintain a dominant position in the refurbished and used mobile phones market during the forecast period, led by countries like China, Indonesia, and India. The expansion of telecom infrastructure, rising costs of new smartphones, and increased accessibility of refurbished and used mobile phones are supporting the growth of the regional market. Used mobile phones are becoming more socially acceptable and improvements in used mobile phone quality are encouraging more consumers to purchase these mobile phones. The growing trend of owning separate phones for work and personal purposes is also increasing the demand for the refurbished and used mobile phones market by companies looking to purchase low-cost phones to assign to workers.
North America is a major market for refurbished and used mobile phones, owing to the high penetration of smartphones, the presence of leading manufacturers and carriers, and the growing environmental awareness among consumers. The USA is the largest market in the region, followed by Canada. According to refurbished and used mobile phones market report, Europe is another significant market for refurbished and used mobile phones, due to the increasing demand for affordable and quality devices, the rising adoption of e-commerce platforms, and the stringent regulations on electronic waste disposal. The UK, Germany, France, Italy, and Spain are some of the key markets in the region.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Pricing Range |
|
Breakup by Distribution Channel |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Refurbished and Used Mobile Phones Market Analysis
8.1 Key industry Highlights
8.2 Global Refurbished and Used Mobile Phones Historical Market (2018-2023)
8.3 Global Refurbished and Used Mobile Phones Market Forecast (2024-2032)
8.4 Global Refurbished and Used Mobile Phones Market by Type
8.4.1 Refurbished Phones
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Used Phones
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Refurbished and Used Mobile Phones Market by Pricing Range
8.5.1 Low-Priced
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medium-Priced
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Premium
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Refurbished and Used Mobile Phones Market by Distribution Channel
8.6.1 Online
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offline
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Refurbished and Used Mobile Phones Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Refurbished and Used Mobile Phones Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Refurbished and Used Mobile Phones Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Refurbished and Used Mobile Phones Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Refurbished and Used Mobile Phones Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Refurbished and Used Mobile Phones Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key indicators for Demand
14.4 Key indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Apple Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Samsung Electronics Co. Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Amazon.com, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AT&T Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Flipkart Internet Private Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Reboxed Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 FoneGiant.com
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Verizon
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kempf Enterprises Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Nippon Telephone Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Refurbished and Used Mobile Phones Market: Key industry Highlights, 2018 and 2032
2. Global Refurbished and Used Mobile Phones Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Refurbished and Used Mobile Phones Historical Market: Breakup by Pricing Range (USD Million), 2018-2023
5. Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Pricing Range (USD Million), 2024-2032
6. Global Refurbished and Used Mobile Phones Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Refurbished and Used Mobile Phones Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Refurbished and Used Mobile Phones Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Refurbished and Used Mobile Phones Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Refurbished and Used Mobile Phones Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Refurbished and Used Mobile Phones Market Structure
In 2023, the refurbished and used mobile phones market reached an approximate value of USD 62.48 billion.
The market is expected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 110.72 billion by 2032.
The major drivers of the refurbished and used mobile phones market include the increasing availability of good quality refurbished and used mobile phones, rising consumer demand for low-cost goods, and surging smartphone penetration.
Key trends aiding market expansion include the rising costs of new smartphones, availability of refurbished and used mobile phones on online platforms, and reduction in feature-upgrades in new mobile phones.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market based on pricing range is segmented into low-priced, medium-priced, and premium.
The lifespan of a refurbished or used mobile phone depends upon multiple factors, such as the manufacturing date, durability, and condition of the mobile phone. Refurbished mobile phones may last longer as their quality has been checked and repairs made.
The primary distribution channels in the market are online and offline.
Key players in the market are Apple Inc., Samsung Electronics Co. Ltd, Amazon.com, Inc., AT&T Inc., Flipkart Internet Private Limited, Reboxed Limited, FoneGiant.com, Verizon, Kempf Enterprises Limited, and Nippon Telephone Inc., among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.