Refurbished Smartphone Market Size, Share, and Growth Analysis

Global Refurbished Smartphone Market

Refurbished Smartphone Market By Operating System (Android, iOS), By Smartphone Type (Luxury Smartphones, Mid-Range Smartphones), By Sales Channel (Online Retail, Offline Retail), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45I2284 | Region: Global | Published Date: May, 2025
Pages: 192 |Tables: 93 |Figures: 71

Format - word format excel data power point presentation

Refurbished Smartphone Market Insights

Global Refurbished Smartphone Market size was valued at USD 45.6 billion in 2023 and is poised to grow from USD 49.29 billion in 2024 to USD 91.92 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032). 

The global refurbished smartphone market growth is driven due to the price benefits and environmental dividends of refurbished phones and widening use of smartphones in emerging markets. Over 25% of global secondary market sales of smartphones in 2024 were of refurbished smartphones, reflecting growing demand for lower-cost alternatives to brand new phones. The likes of Apple and Samsung have initiated certified refurbishing schemes, which have boosted customer confidence and market growth.

Besides, according to GSMA estimates, 5G penetration will grow to over 50% by 2030 with 5 billion connections, providing new challenges and opportunities for the refurbished smartphone sector. This technology transformation is reshaping industry dynamics, with operators' takeback schemes expected to account for at least 20% of new mobile phone sales to consumers by 2030. The industry is experiencing increased engagement by original equipment manufacturers (OEMs) and third-party vendors, who are implementing sophisticated refurbishment processes and quality control mechanisms to meet increasing consumer demands for like-new phones at affordable prices.

How AI Is Powering the Future of Refurbished Devices?

A dramatic change is occurring within the global refurbished smartphone industry, one that is being enabled by advancements in artificial intelligence-based diagnostics and grading technologies. Companies can identify complex hardware and software defects, automate cosmetic inspections, and grade conditions to grades more accurately and consistently than humans can. Such solutions are enabled by software and hardware solutions.

  • For instance, Swappie extended its rollout of AI-based kiosks throughout Northern Europe in 2025. The kiosks allowed for swift smartphone exchanges by consumers based on automated self-service diagnostics, thus boosting transparency, consumer trust, and business efficiency within the secondary smartphone market.

Market snapshot - 2025-2032

Global Market Size

USD 45.6 billion

Largest Segment

Android

Fastest Growth

IOS

Growth Rate

8.1% CAGR

Global Refurbished Smartphone Market ($ Bn)
Country Share for North America (%)

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Refurbished Smartphone Market Segments Analysis

Global Refurbished Smartphone Market is segmented by Operating System, Smartphone Type, Sales Channel and region. Based on Operating System, the market is segmented into Android, iOS, Windows and Others. Based on Smartphone Type, the market is segmented into Luxury Smartphones, Mid-Range Smartphones and Budget Smartphones. Based on Sales Channel, the market is segmented into Online Retail, Offline Retail and Manufacturer Refurbished. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

Why Are Factory Refurbished Smartphones Leading the Market?

As per the 2024 global refurbished smartphone market analysis, the factory refurbished phones have a market edge with improved quality control, standardized repair processes, and official OEM approval. Factory refurbished phones are typically sold with warranties and inspected to original performance levels, attractive to risk-adverse consumers. According to a 2024 Counterpoint Research survey, over 55% of refurbished smartphone buyers in North America and Europe chose factory-refurbished phones due to quality assurance. Their wide availability through authorized retail and online channels further enhances their market leadership position globally.

The third-party refurbished category is expected to grow significantly, especially in emerging markets where price sensitivity is high. These models offer flexibility in sourcing and cost reduction, typically 15–25% less than factory-refurbished ones. With small refurbishing firms adopting AI-based diagnostic tools and quality grading, trust is growing, enabling increased adoption from 2025 in Asia-Pacific and Latin America.

Why Is Android the Dominant OS in the Refurbished Smartphone Market?

Based on the 2024 global refurbished smartphone market forecast, the android category leads the market due to their greater installed base, greater brand availability, and lower average resale prices. Android accounted for more than 70% of global refurbished smartphone shipments in 2024, driven by strong resale of brands like Samsung and Xiaomi, according to IDC. The open system allows third-party refurbishes easier access to components and support, further driving Android device turnover. In regions like Asia-Pacific and Latin America, the price and variety of Android alternatives keep reinforcing its dominant market leadership.

Refurbished iPhones are gaining momentum with high brand loyalty, extended hardware life, and consistent software updates. From 2024 to 2025, iOS-based refurbished shipments increased by 12%, with consumers seeking higher-end devices at reduced prices increasingly. Apple's certified refurbished program and higher resale value also create confidence, particularly in North America, Europe, and high-end markets in Asia.

Global Refurbished Smartphone Market By Operating System

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Refurbished Smartphone Market Regional Insights

How Refurbished Smartphones are Gaining Popularity in North America?

The North American market contains approximately 25% of the refurbished smartphone market share in 2024. The market in the region is controlled by technologically advanced firms like Walmart and Best Buy that have maximized the refurbishment process. Consumer confidence has been sustained for the market by exhaustive certification programs and warranty offers from top retailers and manufacturers.

U.S. Refurbished Smartphone Market

The demand for refurbished smartphones in the U.S. is anticipated to increase at 7.30% CAGR through 2034. People are upgrading their phones regularly in the U.S., and therefore there are more used phones to sell. People are getting interested in smartphones that are eco-friendly, like used ones. This is making more people want the product in the United States. Refurbishing old phones is done by companies which are partnering with phone carriers to provide cheaper options for a new phone. This is helping the market to move forward in the country. Apple Refurbished Store, Amazon Renewed, and Best Buy are at the forefront in the United States. These companies have a huge customer base. They offer competitive prices and certification process to engage consumers.

Canada Refurbished Smartphone Market

The demand by customers for products that are environmentally friendly, and cost-saving is the prime driver of growth of the Canadian refurbished smartphone market. Canadians are getting greener and, as a result, are choosing to purchase reconditioned electronic equipment as a method of minimizing their electronic waste. The expansion of this market is also supported by the encouraging policies of the government towards sustainability and by the technologically advanced citizens of the country. Improved refurbishment methods, which make these devices more reliable, are another factor supporting the expansion of the market in 2024.

How Europe's Strict Regulations Are Shaping the Refurbished Smartphone Market?

The European refurbished smartphone market will increase based on rising concerns about environmental quality and electronic waste disposal. Businesses and customers are being forced to adopt reconditioned phones by stringent measures such as the European Union Circular Economy Action Plan. Refurbished smartphones are becoming more popular in Europe because they have relatively low prices and higher quality requirements for repairing. This market is also projected to expand until the year 2025 as a result of the overall popularity of high-technology products and the growing demand among European consumers for environmentally friendly products.

UK Refurbished Smartphone Market

Since consumers in the UK are favoring solutions not only cost-conscious but also ecologically friendly, the refurbished smartphone market is increasing. The demand is also driven by the push from the government to promote recycling and sustainability in line with what consumers have demanded for refurbished cellphones. Additionally, the new generation of the UK, being more technologically advanced, will be more inclined to apply these devices, and thus the establishment of the market cannot be avoided. It is predicted that third-party refurbishes and cellular carriers would provide greater market availability in 2024, which will lead to increased growth.

France Refurbished Smartphone Market

The increased demand for refurbished smartphones in France is fueled by the growing trend of sustainability and the minimization of various forms of electronic waste. The environmental footprint of the items French consumers choose to buy is increasingly becoming a vital part of their decision. To encourage the movement toward remanufactured phones, promotional regulations for green products and carbon footprint mitigation initiatives are being put in place. Due to the adoption of the circular economy model by France, it is anticipated that the refurbished smartphone market would continue to experience steady growth throughout the year 2025 and beyond.

Germany Refurbished Smartphone Market

German sales will grow at a 7.90% CAGR until 2034. German consumers appreciate products that will not lead to wastage that is unnecessary. Refurbished smartphones are in demand since they render old phones useful again as opposed to letting them rot away. The government helps by instituting regulations and presenting incentives to companies that recycle the waste or re-manufacture old products. With the ever-growing demand to protect the world, the business will definitely succeed. Rebuy and Asgoodasnew operate from Germany. These firms bank on the ecological aspect of reuse of products.

How Asia-Pacific's Growing Middle Class is Driving the Refurbished Smartphone Market?

The refurbished smartphone market was expected to experience considerable growth in Asia-Pacific because there are more and more people who belong to the middle class and there is increased use of technology. Refurbished handsets provide an affordable solution, and new markets in the region are also choosing smartphones that suit their budget. Another factor contributing towards expanding the market is the growing awareness regarding the environment and the initiatives taken by the government in order to encourage recycling. With increasing numbers of people in the region getting connected to the internet, the need for smartphones, especially recycled ones, is guaranteed to increase in the coming years.

Japan Refurbished Smartphone Market

The refurbished smartphone market in Japan is witnessing steady growth, which can be explained by the nation's robust focus on environmentally friendly policies and consumers who are frugal. Merging a recycling and reuse culture of products with a government initiative to minimize the amount of electronic waste as much as possible has been the impetus for the Japanese market. There are a huge number of people who seek alternatives to new cellphones at lower prices, and refurbished smartphones are a real solution to this issue.

India Refurbished Smartphone Market

Demand in India will grow at 19.50% CAGR through 2034. More people in India are getting smartphones now because they are in reach these days, and internet connectivity also is getting better in the country. Many people in India cannot afford to spend much on expensive phones, and therefore refurbished versions become a viable option for them to get one in installments. It's now simple to buy these phones since there are plenty of digital media. Smartphones are viewed in India as symbols of status, and refurbished ones enable them to use a big-brand phone without having to spend a lot. India has market players like Cashify and ShopClues. They offer doorstep pickup and delivery. They also offer promotions and discounts to attract price-conscious customers.

Global Refurbished Smartphone Market By Geography
  • Largest
  • Fastest

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Refurbished Smartphone Market Dynamics

Refurbished Smartphone Market Drivers

Cost Effectiveness of Refurbished Smartphones

  • As compared to brand-new handsets, refurbished smartphones offer dramatic price cuts, and this is one of the reasons why they are so sought after by people who care about saving money. In the case of the upcoming world, where a significant section of the population is eager to buy great phones at cheaper rates, the price factor is extremely attractive. As a result of the price difference, demand for refurbished smartphones has picked up in the market since an increasing number of customers are considering them as a viable option compared to the costly new tech products.

Growing Dependence on Eco-Friendly Behavior Among Consumers

  • With people's growing concern regarding environmental issues, demand for old or recycled smartphones has increased. Customers are increasingly willing to avoid electronic waste and turn to eco-friendly options. The number of customers who are concerned about the environment and willing to help in sustainability initiatives has been on the increase significantly. This has helped drive the growth of the market everywhere globally. Refurbished phones are successful at minimizing the level of electronic waste that is created.

Refurbished Smartphone Market Restraints

Complaints from Customers Regarding the Quality of Products

  • Problems from customers about the reliability and quality of used mobile devices are one of the common issues that the refurbished smartphone market must deal with. Despite the fact that the product has undergone testing and was refurbished, the buyer might also be apprehensive due to questions about its function and its duration. Having such a reputation can be harmful to the growth of the industry, especially among first-time customers who are not aware of the idea of refurbished products.

Limitations on the Warranty and Support Provided

  • Refurbished cellphones have the tendency of being sold at slightly shorter warranties or support durations than original handsets, which could discourage potential consumers from buying them. If consumers think that the after-sales support and repair facilities for refurbished devices will not be as superior as those for new ones, then they might not feel relaxed buying these kinds of products. This reduces the consumers' trust in buying products of this type.

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Refurbished Smartphone Market Competitive Landscape

The global refurbished smartphone market is highly competitive with big OEM brands such as Apple and Samsung. It also includes third-party refinishers such as Amazon Renewed and Back Market. In addition, traditional retail stores such as Best Buy Outlet, and internet marketplaces such as eBay and Swappa are in the market.

Each player strives to differentiate itself by focusing on aspects such as brand recognition, price, and product variety. They also deliver value-added services that appeal to various customer groups.

  • Opontia (Founded in 2021, UAE): Dubai-based e-commerce company Opontia specializes in buying and scaling consumer brands within the European, Middle Eastern, and African region. Philip Johnston and Manfred Meyer founded the company, and in 2021, it managed to raise over 60 million dollars. Opontia has recently joined the refurbished smartphone market by acquiring used electronics businesses and streamlining supply chains. This was done to increase their business. Due to its entry, market access and price transparency in countries such as Turkey and Poland have been dramatically increased.
  • Tumbledry (Founded in 2019, India): Tumbledry started out as a laundry and dry-cleaning company founded by Gaurav Nigam and Navin Chawla. The company now has over 1,200 stores in the island nation of India. The company has diversified its business to provide reconditioned electronics like smartphones under approved repair services and trade-in programs. Their technology-enabled business model allows for the reuse of the devices in an eco-friendly way and increases their lifespans, which helps lead to the formalization and growth of the refurbished smartphone market in India.

Top Player’s Company Profiles

  • Alibaba Group Holding Ltd. 
  • Apple Inc. 
  • AT and T Inc. 
  • Best Buy Co. Inc. 
  • Clues Network Pvt. Ltd. 
  • eBay Inc. 
  • Gadgetwood E Services Pvt. Ltd. 
  • Manak Waste Management Pvt. Ltd. 
  • Qarmatek Services Pvt. Ltd. 
  • Quikr India Pvt. Ltd. 
  • Reboxed Ltd. 
  • Samsung Electronics Co. Ltd. 
  • Smart Cellular 
  • Swappie Oy 
  • TROCAFONE SA 
  • Verizon Communications Inc. 
  • Walmart Inc. 

Recent Developments in Refurbished Smartphone Market

  • In September 2024, Back Market marked its 10th anniversary by launching new features and partnerships to promote refreshed interest in second-hand devices. It also emphasized the eco-friendly aspects of refurbished phones as using 91% less raw materials and producing 89% less e-waste compared to new devices. Such initiatives can turn refurbished devices into a mass product for customers.
  • In August 2024, UK-based firm Reboxed offered significant discounts on used smartphones, such as reductions of the Google Pixel 8 to £419, which was below its street price of Euro 1,049. Such prices make luxury smartphones accessible to consumers from a broad base, encouraging them to switch to refurbished ones. Reboxed's approach appeals to customers seeking quality devices with reduced prices.
  • In May 2024, eBay released its Recommerce Report, giving an overview of global trends within the refurbished and resale markets. The report highlighted the growing relevance of recommerce to eBay's marketplace and to the broader market, with particular attention to sustainability and the circular economy. eBay continues to ensure quality-checked refurbished products with guarantees are available to environmentally conscious consumers.

Refurbished Smartphone Key Market Trends

Refurbished Smartphone Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global refurbished smartphone market outlook is changing gradually, which is being led by the increasing consciousness among consumers regarding the need for sustainability, price-effectiveness, and better-quality guard mechanisms. Technological innovations like artificial intelligence-driven diagnostics, greater involvement by original equipment manufacturers, and streamlined e-commerce platforms have raised confidence and ease of access. Both well-established companies such as Apple and new entrants such as Back Market are redefining the market landscape through the application of circular economy principles and new business models. From refurbished smartphone regional forecast, it is derived that several regional markets, such as North America and Asia-Pacific, are at the forefront of adoption, with government campaigns further encouraging environmentally friendly consumption. The market will continue to grow steadily until the year 2032, even though it is being supported by supply shortages and quality homogeneity issues. Refurbished smartphones are predicted to be a sought-after consumer choice globally as environmental awareness and affordability continue to increase.

Report Metric Details
Market size value in 2023 USD 45.6 billion
Market size value in 2032 USD 91.92 billion
Growth Rate 8.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Operating System
    • Android
    • iOS
    • Windows
    • Others
  • Smartphone Type
    • Luxury Smartphones
    • Mid-Range Smartphones
    • Budget Smartphones
  • Sales Channel
    • Online Retail
    • Offline Retail
    • Manufacturer Refurbished
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Alibaba Group Holding Ltd. 
  • Apple Inc. 
  • AT and T Inc. 
  • Best Buy Co. Inc. 
  • Clues Network Pvt. Ltd. 
  • eBay Inc. 
  • Gadgetwood E Services Pvt. Ltd. 
  • Manak Waste Management Pvt. Ltd. 
  • Qarmatek Services Pvt. Ltd. 
  • Quikr India Pvt. Ltd. 
  • Reboxed Ltd. 
  • Samsung Electronics Co. Ltd. 
  • Smart Cellular 
  • Swappie Oy 
  • TROCAFONE SA 
  • Verizon Communications Inc. 
  • Walmart Inc. 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Refurbished Smartphone Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Refurbished Smartphone Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Refurbished Smartphone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Refurbished Smartphone Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Refurbished Smartphone Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Refurbished Smartphone Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Refurbished Smartphone Market size was valued at USD 324.69 Million in 2023 and is poised to grow from USD 349.40 Million in 2024 to USD 628.27 Million by 2032, growing at a CAGR of 7.61% in the forecast period (2025-2032).

The global refurbished smartphone market is highly competitive with big OEM brands such as Apple and Samsung. It also includes third-party refinishers such as Amazon Renewed and Back Market. In addition, traditional retail stores such as Best Buy Outlet, and internet marketplaces such as eBay and Swappa are in the market. 'Apple Inc.', 'Samsung Electronics Co., Ltd.', 'Amazon.com, Inc.', 'eBay Inc.', 'Back Market (France)', 'Reboxed (UK)', 'Swappie (Finland)', 'Decluttr (USA)', 'Cashify (India)', 'Refurbed (Austria)', 'Flipkart (Renewed by Flipkart) (India)', 'Best Buy Co., Inc.', 'AT&T Inc.', 'Trocafone (Brazil)', 'Renewgo (UAE)'

As compared to brand-new handsets, refurbished smartphones offer dramatic price cuts, and this is one of the reasons why they are so sought after by people who care about saving money. In the case of the upcoming world, where a significant section of the population is eager to buy great phones at cheaper rates, the price factor is extremely attractive. As a result of the price difference, demand for refurbished smartphones has picked up in the market since an increasing number of customers are considering them as a viable option compared to the costly new tech products.

More Adoption in Emerging Markets: As the number of people using smartphones in developing countries continues to rise, refurbished smartphones are becoming increasingly popular since they are more affordable and meet higher quality requirements. The need for smartphones that are within a reasonable price range is growing in countries such as Africa, Latin America, and some parts of Asia. Refurbished smartphones provide a solution that is cheaper for clients who are price conscious.

How Refurbished Smartphones are Gaining Popularity in North America?

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