Refurbished and Used Mobile Phones Market Forecasted to Climb to US$112.11 Bn by 2032 - Persistence Market Research

The global market for refurbished and used mobile phones is experiencing rapid expansion, driven by factors such as affordability, environmental consciousness, and technological advancements. In 2025, the market is estimated to reach a valuation of US$ 59.77 billion, with expectations to grow at a compound annual growth rate (CAGR) of 9.4% to reach US$ 112.11 billion by 2032. The growing demand for cost-effective alternatives to brand-new devices, particularly in emerging markets, coupled with the rise in smartphone penetration, is fueling market growth. With environmental concerns regarding electronic waste and the increasing adoption of smartphones, the refurbished and used mobile phone sector is positioned for significant expansion in the coming years.

The refurbished mobile phones segment accounted for more than 25% of the global secondary mobile phone market in 2024, reflecting the growing consumer shift toward sustainable electronics. Major tech giants, such as Apple and Samsung, have established certified refurbishing programs to cater to this demand, instilling confidence in consumers. Furthermore, global initiatives like the European Union's "Right to Repair" policy are encouraging the recycling and refurbishment of mobile devices, creating an even larger market opportunity for both manufacturers and consumers. In this context, online platforms, government policies, and consumer awareness are key factors shaping the growth of this market.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/16867

Key Highlights from the Report:

➤ The refurbished and used mobile phones market is projected to reach US$ 112.11 billion by 2032.
➤ Refurbished smartphones accounted for over 25% of secondary mobile phone sales globally in 2024.
➤ The mid-priced (US$ 200-500) segment is anticipated to hold a market share of 39.2% in 2024.
➤ North America is projected to have the largest market share of 25.8% in 2024 due to high smartphone usage.
➤ Online platforms will account for 58.3% of global sales in 2024, leading over physical retail stores.
➤ The European Union's "Right to Repair" policy has significantly boosted the refurbished phone market.

Market Segmentation: By Product Type and Pricing Range

The refurbished and used mobile phones market can be categorized based on product type, pricing range, and sales channels. In terms of product type, the market is divided into two major segments: refurbished phones and used phones. Refurbished phones are those that have been reconditioned and restored by either the original manufacturers or third-party refurbishers. This segment further splits into company-owned and consumer-owned refurbished phones. On the other hand, used phones mainly refer to those that are resold in their original condition without significant repairs or refurbishments. They often go through trade-ins and buybacks, making them popular for those looking for budget-friendly options.

In terms of pricing, the market is segmented into low-priced (under US$ 200), mid-priced (US$ 200-500), and premium (over US$ 500) phones. The mid-priced range is expected to dominate, driven by its affordability and value proposition for consumers in emerging markets. This segment's growth is fueled by the increasing demand from middle-class consumers who seek high-quality yet affordable smartphones. Additionally, online platforms are a major sales channel for refurbished and used mobile phones, providing convenience and transparency in purchasing, with physical retail stores also catering to consumers who prefer in-person device inspections.

Regional Insights: Trends in Key Markets

North America

North America holds a significant share of the refurbished and used mobile phones market, accounting for 25.8% of the global market in 2024. The region's dominance is attributed to the widespread adoption of smartphones, coupled with growing consumer awareness of sustainability issues. In the U.S., major players like Apple and Samsung have implemented certified refurbishing programs, which, alongside government regulations, have bolstered consumer trust in refurbished devices. Furthermore, the rise of online platforms such as Back Market and Amazon Renewed, offering easy access to refurbished devices, has facilitated the growing preference for affordable and eco-friendly alternatives.

Europe

Europe is also a crucial market for refurbished mobile phones, expected to account for 21.1% of the global market share in 2024. The region's commitment to sustainability, combined with government policies like the "Right to Repair," has created an environment conducive to the growth of the refurbished mobile phone market. European consumers are increasingly opting for refurbished devices to reduce e-waste and make cost-effective purchases. Platforms like Rebuy and Asgoodasnew are seeing strong growth due to the growing demand for high-quality, sustainable alternatives. The European Union's recycling and e-waste regulations further promote the adoption of refurbished electronics, positioning Europe as a leading region for market growth.

Market Drivers

The growth of the refurbished and used mobile phones market is driven by several key factors. First and foremost, the increasing environmental consciousness among consumers has played a pivotal role in fostering demand for sustainable electronics. Refurbished devices help reduce electronic waste, conserve valuable raw materials like gold and cobalt, and contribute to the circular economy by extending the lifespan of existing products. As consumers become more aware of the environmental impact of their purchases, the demand for refurbished mobile phones continues to rise.

Moreover, the cost savings associated with refurbished and used devices are a significant driver. With new smartphones becoming increasingly expensive, many consumers, particularly in emerging markets, are turning to affordable alternatives like refurbished devices. These phones typically cost 20-50% less than new models and often come with warranties, making them an attractive option for budget-conscious consumers.

Market Restraints

Despite its growth, the refurbished and used mobile phone market faces several challenges. One of the key restraints is the limited availability of high-end models. Flagship devices, such as the latest iPhones and Samsung Galaxy models, are often in high demand on the secondary market, and their availability is limited. As a result, consumers seeking premium refurbished phones may struggle to find their preferred models, leading to dissatisfaction.

Additionally, the short warranty periods offered on many refurbished devices can deter potential buyers. While some companies extend warranties to 12 months or more, many refurbished phones come with a limited warranty of 3 to 6 months, which may not be sufficient for consumers looking for long-term reliability. This limitation can increase the perceived risk of purchasing refurbished mobile phones and inhibit market growth.

Market Opportunities

Despite these challenges, there are significant opportunities in the refurbished and used mobile phones market. Technological advancements in the refurbishment process are enhancing the quality and reliability of these devices. AI-based testing systems and improved refurbishing techniques are reducing failure rates and increasing consumer confidence in pre-owned devices. Companies like Apple and Samsung are capitalizing on this by offering certified pre-owned programs, which come with warranties and updated software, further boosting consumer trust.

Another key opportunity lies in the expansion of e-commerce platforms. The growing popularity of online sales channels, such as Amazon Renewed and Back Market, is making refurbished and used phones more accessible to consumers worldwide. Online platforms provide transparency, product comparisons, and secure payment gateways, which have made it easier for consumers to purchase refurbished devices with confidence.

Frequently Asked Questions (FAQs)

➤ How Big is the Market for Refurbished and Used Mobile Phones?
➤ Who are the Key Players in the Global Market for Refurbished and Used Mobile Phones?
➤ What is the Projected Growth Rate of the Refurbished and Used Mobile Phones Market?
➤ What is the Market Forecast for Refurbished and Used Mobile Phones for 2032?
➤ Which Region is Estimated to Dominate the Refurbished and Used Mobile Phones Industry through the Forecast Period?

Company Insights

The refurbished and used mobile phones market features several key players, each striving to capture market share through innovative offerings and customer-centric approaches. Some of the leading companies in this sector include:

✦ Apple Inc.
✦ Samsung Electronics
✦ Amazon (Amazon Renewed)
✦ eBay
✦ Back Market
✦ Walmart
✦ Alibaba
✦ Paytm

Conclusion

The refurbished and used mobile phones market is poised for significant growth over the next decade, driven by a combination of affordability, environmental consciousness, and technological advancements. As consumers in emerging markets continue to seek cost-effective, sustainable alternatives to new devices, the sector presents substantial opportunities for innovation and expansion. Leading players in the market, including major OEMs and third-party refurbishers, are well-positioned to capitalize on this growing trend by offering high-quality, reliable, and eco-friendly solutions to meet the evolving demands of the global consumer base.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.