Global Refurbished and Used Mobile Phones Market Set to Hit USD 131.0 Billion by 2033, Driven by 7.35% CAGR

Market Size & Growth

Market Size (2024): USD 69.0 Billion

Projected Market Size (2033): USD 131.0 Billion

Compound Annual Growth Rate (CAGR) (2025-2033): 7.35%

Key Market Drivers:

• Rising Demand for Affordable Smartphones
• Growing Environmental Consciousness
• Advancements in Refurbishment Processes

Emerging Trends

• Expansion of Online Marketplaces
• Rise of Certified Refurbishment Programs
• Increasing Adoption in Emerging Markets

Segmentation Highlights

• By Type
• By Price Range
• By Distribution Channel
• Regional Insights

Market Overview:

According to IMARC Group's latest research publication, the global refurbished and used mobile phones market size reached USD 69.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 131.0 Billion by 2033, exhibiting a growth rate (CAGR) of 7.35% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

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Our report includes:

Market Dynamics

• Market Trends And Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Growth Factors Driving the Refurbished and Used Mobile Phones Industry

Rising Demand for Affordable Smartphones:

People want high-quality smartphones without the hefty price tag of new devices, and refurbished phones are filling that gap. Many consumers, especially in emerging markets like India and Africa, are drawn to pre-owned devices that offer premium features at a fraction of the cost. For example, a refurbished iPhone 12 mini 64GB can sell for USD 389, significantly less than its original price. This affordability appeals to budget-conscious buyers, including students and small business owners, who need reliable tech without breaking the bank. E-commerce platforms like Amazon and Flipkart make these devices accessible with transparent pricing and quality assurances, boosting consumer trust. As smartphone penetration grows—nearing 98% in the U.S.—the demand for cost-effective options continues to drive the refurbished market’s expansion.

Growing Environmental Consciousness:

Consumers are increasingly eco-conscious, choosing refurbished phones to reduce electronic waste. Extending a phone’s life by just one year can cut its lifetime CO2 emissions by a third, as manufacturing accounts for 95% of a device’s environmental impact. Governments are also stepping in with initiatives like the European Union’s Right to Repair policy, which promotes device longevity and recycling. Companies like Apple and Samsung have expanded trade-in and recycling programs, encouraging sustainable consumption. These efforts resonate with buyers who prioritize green choices, especially younger demographics. In regions like Germany, brands like Rebuy highlight environmental benefits, further driving demand. The push to minimize e-waste, which globally hit 53.6 million metric tons, makes refurbished phones a practical solution for sustainable tech adoption.

Advancements in Refurbishment Processes:

Improvements in refurbishment technology are making pre-owned phones more reliable, boosting consumer confidence. Rigorous testing, software updates, and quality assurance ensure refurbished devices perform like new. For instance, Apple’s certified refurbished program offers a one-year warranty, reassuring buyers about device quality. Third-party platforms like Back Market use sophisticated diagnostics to grade and restore phones, ensuring transparency. These advancements allow sellers to offer high-end models, like the Samsung Galaxy S21, at lower prices while maintaining performance. Retailers report that 65-70% of refurbished phones are now sold online, reflecting trust in these processes. As refurbishment standards improve, consumers are more willing to choose pre-owned devices, driving market growth across regions like North America and Asia-Pacific.

Trends in the Global Refurbished and Used Mobile Phones Market

Expansion of Online Marketplaces:

Online platforms are transforming how refurbished phones are bought and sold, offering convenience and global reach. Marketplaces like Amazon, eBay, and Cashify provide detailed listings, warranties, and return policies, making purchases hassle-free. For example, ReFit Global’s online store in India offers refurbished phones at up to 50% off, attracting budget-conscious buyers. These platforms have seen average order values reach USD 105.45, showing strong consumer trust in online purchases. In regions like Asia-Pacific, platforms like Flipkart and Lazada cater to price-sensitive markets, driving sales. This trend is reshaping the market by making refurbished devices accessible to rural and urban consumers alike, with e-commerce integration fueling growth and expanding options for buyers worldwide.

Rise of Certified Refurbishment Programs:

Certified refurbishment programs by major brands are gaining traction, boosting consumer confidence. Companies like Apple and Samsung offer certified pre-owned devices with rigorous testing and warranties, ensuring quality. For example, Apple’s refurbished iPhones come with a one-year warranty and updated software, making them nearly indistinguishable from new models. Retailers like Back Market and Decluttr have also seen sales surge due to certified programs that guarantee device reliability. These programs appeal to consumers seeking premium devices at lower costs, with refurbished phones accounting for 25% of secondary market sales globally. This trend is particularly strong in North America and Europe, where established programs and strict quality controls make certified refurbished phones a trusted choice.

Increasing Adoption in Emerging Markets:

Emerging markets like India, Indonesia, and Africa are seeing a surge in refurbished phone adoption due to affordability and growing smartphone penetration. In these regions, where mobile devices are often the primary internet access point, refurbished phones offer a cost-effective solution. For instance, local retailers in the Middle East and Africa provide budget-friendly smartphones, with mid-range models holding a 38.4% market share. Government initiatives, like India’s E-Waste Management Rules, encourage recycling and refurbishment, boosting supply. Platforms like Alibaba and Lazada make these devices accessible, while trade-in programs from carriers drive demand. This trend reflects a shift toward sustainable, affordable tech solutions, meeting the needs of price-sensitive consumers in rapidly digitizing economies.

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Leading Companies Operating in the Global Refurbished and Used Mobile Phones Industry:

• Amazon.com Inc.
• Apple Inc.
• AT&T Inc.
• Best Buy Co. Inc.
• Cashify, Ebay Inc.
• Kempf Enterprises Limited
• Nippon Telephone Inc.
• Reboxed Ltd.
• Samsung Electronics Co. Ltd.
• Verizon Communications Inc.
• Walmart Inc.

Refurbished and Used Mobile Phones Market Report Segmentation: 

By Type:

• Refurbished Phones
• Used Phones

Refurbished phones exhibit a clear dominance in the market owing to their affordability and the growing preference for sustainable and environment-friendly products.

By Price Range:

• Low Price (Below $200)
• Mid-Price ($200 to $500)
• Premium (Above $500)

Mid price ($200 To $500) holds the biggest market share, as it strikes a balance between affordability and advanced features, appealing to a broader user base.

By Distribution Channel:

• Offline
• Online

Offline represents the largest segment due to the convenience of browsing multiple options, competitive pricing, and the ease of access it provides.

Regional Insights: 

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates the market, driven by the increasing internet penetration and the rapid adoption of smartphones across diverse economic backgrounds.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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