Refurbished and Used Mobile Phones Market to Reach USD 120.6 Bn by 2032 | Persistence Market Research

Market Overview

The refurbished and used mobile phones market has grown into a significant global industry, valued at US$ 73.1 billion in 2025 and projected to reach US$ 120.6 billion by 2032, growing at a CAGR of 7.4% during the forecast period. This growth is being driven by multiple factors including affordability, sustainability concerns, and advancements in certified refurbishing programs by top brands.

The leading segment in the market is used phones, expected to capture 42.3% market share in 2025, largely supported by trade-in programs and online resale platforms. North America leads the market geographically, accounting for an estimated 27.1% of the market in 2025, driven by higher awareness of environmental concerns and a mature ecosystem of certified refurbishers like Apple, Samsung, and third-party partners.

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🔑 Key Highlights from the Report

• Consumers are increasingly turning to refurbished phones to support sustainability and reduce e-waste.
• Mid-priced refurbished phones (US$ 200-500) are projected to dominate with a 38.4% share in 2025.
• Trade-in programs and online resale platforms are fostering a dynamic used-phone ecosystem.
• Refurbished phones offer access to premium models at significantly lower costs.
• Online marketplaces are simplifying resale and repurchase processes, boosting consumer adoption.
• Policies like the EU's Right to Repair (2023) are pushing manufacturers toward long-term refurbishment strategies.

Market Segmentation

The refurbished and used mobile phones market is broadly segmented by product type, with two major categories: refurbished phones and used phones. While both offer cost savings, refurbished phones are certified and tested for functionality, providing greater buyer confidence. In contrast, used phones are often sold as-is, typically with fewer guarantees but at lower prices.

The market can also be segmented by pricing range, where the mid-range (US$ 200-500) dominates due to its balance between affordability and smartphone performance. This segment caters to a wide base, from students to budget-conscious professionals, especially in emerging markets where new high-end models may be out of reach.

Regional Insights

In North America, strong consumer awareness, widespread availability of certified refurbished programs, and trade-in deals offered by mobile operators contribute to the region's leadership in the global market. Consumers in the U.S. and Canada are increasingly eco-conscious, making refurbished phones a logical choice.

Asia Pacific, especially countries like India and Indonesia, is witnessing fast growth due to increasing smartphone penetration, large populations, and rising digital adoption. A young population, price sensitivity, and growing online resale infrastructure fuel demand for used and refurbished mobile phones in this region.

Market Drivers

One of the biggest drivers of the refurbished and used mobile phones market is cost efficiency. Refurbished and used phones can be up to 60% cheaper than their brand-new counterparts, enabling more users-especially in emerging economies-to own smartphones. Additionally, brand-certified refurbishing programs by major players like Apple and Samsung build trust, improving market credibility.

Another critical driver is environmental awareness. As global concerns over e-waste and sustainability grow, consumers are making greener choices. Governments, too, are stepping in with policies like the European Union's Right to Repair, encouraging product longevity and repairability.

Market Restraints

Despite the promising growth, the market faces certain restraints. One of the key challenges is perceived quality issues. Many consumers are wary of buying used or refurbished phones due to concerns over battery life, outdated hardware, and possible defects. Lack of standardized refurbishment processes among third-party sellers also contributes to this skepticism.

Another major limitation is limited warranty and after-sales support, which can be a deal-breaker for consumers in comparison to brand-new smartphones that come with full manufacturer warranties and customer service benefits.

Market Opportunities

The increasing digitization of emerging markets presents a significant growth opportunity. With mobile phones becoming essential tools for education, banking, and business, demand is soaring in regions where new phones are often unaffordable. Refurbished devices fill this affordability gap.

Further, the rise of online resale platforms such as Amazon Renewed, Back Market, and Flipkart's 2GUD is transforming the refurbished phone market. These platforms provide buyer protection, certified quality checks, and hassle-free returns, further legitimizing used phones as a viable purchase option.

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✔ Get a comprehensive analysis of global market dynamics, growth trends, and regional performance.
✔ Identify lucrative investment opportunities and the fastest-growing market segments.
✔ Understand evolving consumer preferences and sustainability-driven trends in mobile phone purchases.
✔ Access detailed forecasts and data to support strategic planning through 2032.
✔ Gain insights into competitive landscapes and strategic moves by key market players.

# Frequently Asked Questions (FAQs)

#1. How Big is the Refurbished and Used Mobile Phones Market in 2025?
#2. Who are the Key Players in the Global Refurbished and Used Mobile Phones Market?
#3. What is the Projected Growth Rate of the Market from 2025 to 2032?
#4. What is the Market Forecast for Refurbished and Used Phones by 2032?
#5. Which Region is Estimated to Dominate the Industry through the Forecast Period?

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🏢 Company Insights

Key Players in the Refurbished and Used Mobile Phones Market:

1. Apple Inc.
2. Samsung Electronics Co., Ltd.
3. Amazon Renewed
4. Back Market
5. Flipkart (2GUD)
6. AT&T Inc.
7. Verizon Communications Inc.
8. Cashify
9. Reboxed
10. EcoATM

Recent Developments:

• In January 2024, Apple expanded its certified refurbished program in India to capitalize on rising smartphone demand and e-waste awareness.

• In March 2024, Back Market secured $510 million in Series E funding to scale up its refurbishment operations across Europe and North America.

Conclusion

The refurbished and used mobile phones market is no longer a niche or secondary option-it's becoming mainstream. With affordability, environmental consciousness, and increasing support from OEMs and governments, this market is poised for strong growth in the years ahead. As sustainability becomes a non-negotiable consumer demand and digital connectivity continues to rise globally, refurbished phones offer the ideal intersection of cost, quality, and conscience.

By offering competitive devices at a fraction of the price-and with a smaller environmental footprint-refurbished and used mobile phones represent not just a market trend, but a crucial component of the future of global smartphone ownership.

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