Refurbished
28
Jan
2025
2
min read

India’s secondary smartphone market surges, driven by affordability and 5G expansion

The secondary smartphone market in India is experiencing unprecedented growth, with research firm Gartner reporting over 38 million units sold, 30% of which were refurbished. Valued at € 4.7 billion in 2026, up from € 2 billion in 2023, India’s secondary market is now the third-largest globally, trailing only the USA and China. 

Apple leads the market, with Xiaomi and Samsung following

Apple dominates India’s secondary market, holding a 25% market share, while Xiaomi and Samsung lag significantly behind. The popularity of refurbished Apple iPhones, which sell for between € 175 and € 825 depending on the model and condition, is a key driver of this trend. Refurbished and used smartphones from other brands, such as Xiaomi and Samsung, typically range between € 115 and € 140.

Affordability and 5G adoption fuel growth 

The primary factor behind this growth is the affordability of used and refurbished devices. Value-conscious consumers are increasingly opting for high-end features at lower prices. The rollout of 5G networks has further accelerated demand, making the secondary market the fastest-growing segment in India’s telecom industry, outpacing the primary market.

Refurbished and used Apple iPhones drive higher average selling prices 

Interestingly, the average selling price of refurbished smartphones is rising, largely due to the popularity of second-hand iPhones. Cashify, a leading player in the market, reports that demand for refurbished iPhones far exceeds supply. This trend has pushed the average sales price of used phones higher than that of new smartphones in some segments.

Strong demand outpaces supply 

Kumar of Cashify noted that the company expects a 30-50% month-on-month increase in sales volumes last November, driven by consumers trading in old devices for premium models. Despite improved supply compared to last year, demand continues to outstrip supply across all price segments.

A sustainable and value-driven market 

India’s secondary smartphone market is not only thriving but also contributing to sustainability by extending the lifecycle of devices. With affordability, 5G adoption, and the allure of premium refurbished models, the market is set to remain a key player in the global telecom industry.

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