USD 45.6 billion
Report ID:
SQMIG45I2284 |
Region:
Global |
Published Date: May, 2025
Pages:
192
|Tables:
93
|Figures:
71
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.
Market snapshot - 2025-2032
Global Market Size
USD 45.6 billion
Largest Segment
Android
Fastest Growth
IOS
Growth Rate
8.1% CAGR
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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.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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Cost Effectiveness of Refurbished Smartphones
Growing Dependence on Eco-Friendly Behavior Among Consumers
Complaints from Customers Regarding the Quality of Products
Limitations on the Warranty and Support Provided
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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.
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG45I2284
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