Refurbished and Used Mobile Phones Market Size, Share, Growth Analysis, By Type(Refurbished Phones and Used Phones), By Price Range(Low Price, Mid Price, and Premium), By Application(Individual and Businesses), By Region - Industry Forecast 2025-2032

Refurbished and Used Mobile Phones Market size was valued at USD 71.5 Billion in 2023 and is poised to grow from USD 79.51 Billion in 2024 to USD 167.17 Billion by 2032, growing at a CAGR of 11.2% during the forecast period (2025-2032).

The industry is expanding due to rising consumer reliance on smartphones worldwide and an increase in the number of businesses offering EMI options for phones. The advantages of cost effectiveness linked to reconditioned and secondhand mobile phones also contribute to the market's expansion. Nonetheless, the market's expansion is constrained by the lack of premium models and restrictions on the warranty duration of reconditioned and used smartphones. One of the main factors driving the market for refurbished smartphones has been an increase in the cost of new phones with little to no feature enhancements. On the other hand, it is projected that throughout the projection period, there will be plenty of potential for market expansion due to the growing adoption of e-commerce platforms by both buyers and sellers.

A pre-owned phone that has been returned and put in good working order so it may be sold again is called a refurbished phone. Not every phone that is labelled as refurbished is defective. Refurbished phones are defined by certain networks and retailers as devices that users or consumers returned during the 30-day cooling-off period after signing up for a contract. Usually, the vendor tests to see if the battery charges and to make sure the buttons and cameras function. Due to their cheaper costs and the continuous usefulness of older mobile phones, more individuals and organizations are investing in refurbished and used phones. Along with confirming the phone's Wi-Fi, 4G, and 5G connectivity, the vendor will also check the phone's audio quality and screen responsiveness.