Global Refurbished and Used Mobile Phones Market 2025 – 2034

The size of the market for refurbished and used mobile phones

The CMI Team's analysis of the size of the Refurbished and Used Mobile Phones Market shows that it will grow at a rate of 22.6% per year from 2025 to 2034. The market is expected to be worth USD 42.33 billion in 2025. By 2034, the value is expected to be USD 85.58 billion.

An Overview of the Market for Used and Refurbished Mobile Phones

According to CMI's industry experts, the refurbished mobile phone market is mostly driven by users' demand for smartphones that are affordable. This is because customers tend to prefer cheaper devices that are still of good quality. As a result, the market has grown rapidly. More people know about how important it is to protect the environment, and government programs to recycle e-waste are also helping the market grow. The market is also growing because of better refurbishing processes and warranties, as well as the fact that OEMs sell certified pre-owned devices.

Factors and dynamics that affect the growth of the refurbished and used mobile phone market

Affordable Prices and Consumer Demand: People want cheap smartphones more when they cost more. More and more people are buying refurbished phones that are worth the money, especially those who are careful with their money. Mid-range and high-end refurbished devices, which cost much less than new ones, are what draw customers to the market segment that is responsible for their growth. As more and more people look for a balance between price and performance, demand for these alternatives is expected to support growth rates of 5% to 8% per year through 2024.

Technological Improvements in Refurbishment Processes: The main goal of improvements in refurbishment technology has been to help this market grow. Refurbishing is a way to make sure that refurbished electronics work and last a long time. It includes tests and procedures to make sure that replacement parts work well and are of the highest quality. These improvements make people more likely to buy refurbished phones when they are looking at devices for a wider audience. So, with the help of new technologies and processes, we expect the market for reliable, like-new refurbished phones to grow.

Environmental Impact and Sustainability: The market is growing because more people want to reduce e-waste by using refurbished phones. The Global E-Waste Monitor says that more than 50 million tons of electronic waste are made every year, and a big part of that is mobile phones. The government offers incentives and strict bans on e-waste to encourage people to buy refurbished phones as a way to be more environmentally friendly. This market can easily go along with the shift toward more environmentally friendly consumer behavior by offering options that are good for the environment.

Government Support for Recycling and Refurbishing E-Waste: Governments all over the world make rules and policies that make it easier to recycle and refurbish electronic waste. The E-Waste Management Rules in India and the European Union Circular Economy Action Plan both encourage people to recycle and reuse smartphones. These kinds of rules help cut down on e-waste, but they also make it easier for people to get used phones that can be fixed up. With more support from the government, the market hopes to grow even more in places where environmental rules are strictly followed.

Consumer Awareness and Trust in Refurbished Phones: One of the new tender keys that affect the market in this area is how much people know about refurbished mobile phones. People know a lot more about the quality of refurbished devices now, and they are much less worried about how reliable and well they work. Apple and Samsung now offer warranties and certifications with their refurbished products, which makes customers more likely to trust them. This new way of thinking among consumers is making refurbished phones much more popular with people of all ages and backgrounds.

New smartphones, especially in the mid-range and premium segments, are very competitive with refurbished phones. New devices with the latest technology and calling features are tough competition for used ones. Another thing that affects the refurbished market is that a lot of cheap new smartphones are coming out from brands like Xiaomi and OnePlus, which are great deals. This is especially true since most people right now aren't interested in technology but only want the newest technology.

Global Supply Chain and Component Availability: Problems with smartphone parts would be the biggest problem for the refurbished mobile phone market. Because of very weak economic conditions, global supply chains may be disrupted, which could lead to a shortage of important parts like semiconductors. This could then affect the production of new devices and, in turn, the refurbishment of old ones. Depending on how easy it is to get the parts and materials needed to fix up a phone, these kinds of supply chain dynamics are likely to change the market growth and pricing strategies for refurbished phones.

What the Report Covers

Details about the Report's Features

In 2025, the market will be worth $42.33 billion.

Estimated Size of the Market in 2034: $85.58 Billion

The market will be worth $37.83 billion in 2024.

CAGR Growth Rate: 22.6%

Year of Base: 2024

Time of Forecast: 2025 to 2034

Key Segment: By Type, Price Point, and Region

Report Coverage: Company Profile, Revenue Estimation and Forecast, Competitive Landscape, Growth Factors, and Recent Trends

North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America are all in the scope. Show more