Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 69.54 Billion | USD 142.00 Billion | 7.40% | 2024 |
FrequentlyAsked Questions
Refurbished used mobile phones are a cost-effective alternative to new devices, as they restore previously owned smartphones and feature phones to like-new condition through testing, repair, and quality assurance.
The refurbished used mobile phones market is expected to be driven by rising new smartphone prices, increasing consumer acceptance of refurbished devices, growing environmental consciousness, economic considerations, expanding e-commerce platforms, and digital inclusion initiatives.
According to our study, the global refurbished used mobile phones market was worth around USD 69.54 billion in 2024 and is predicted to grow to around USD 142.00 billion by 2034.
The CAGR value of the refurbished used mobile phones market is expected to be around 7.40% during 2025-2034.
The global refurbished used mobile phones market will register the highest revenue contribution from North America during the forecast period.
Key players in the refurbished used mobile phones market include Apple Inc. (Certified Refurbished), Samsung Electronics Co. Ltd., Amazon.com Inc. (Amazon Renewed), eBay Inc., Gazelle Inc., Swappa Inc., Back Market SAS, Decluttr Ltd., ItsWorthMore.com, Cashify Services Private Limited, 2ndgear Pte Ltd., Green Dust India Pvt. Ltd., Refurb.io, Phonecheck Ltd., Simply Mac LLC, uSell.com Inc., Orchard Technologies Inc., Recommerce Group, RefurbMe, and Mobile Monster.
The report comprehensively analyzes the refurbished used mobile phones market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, quality assurance innovations, distribution strategies, and the evolving consumer preferences shaping the secondary electronics market ecosystem.
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