The global market for refurbished and used mobile phone, commonly known as the secondary market, is set to grow at a compound annual growth rate (CAGR) of 9.4% from 2025 to 2032, according to a recent report by Persistence Market Research. The market, valued at US$ 59.77 billion in 2025, is projected to reach US$ 112.11 billion by 2032. This growth is driven by affordability, environmental sustainability, and the increasing adoption of smartphones in emerging markets. Secondarymarket.news tends to be skeptical of this type of analysis and takes the results with a grain of salt. These reports often combine both the organized and unorganized secondary market. Assuming an average sales price of US$ 300, nearly 400 million used and refurbished devices could be sold globally by 2032. If total smartphone shipments in 2032 do not exceed 1.5 billion, the secondary market would hold a market share of nearly 27%—which seems somewhat high.
Affordability drives demand for refurbished and used phones
One of the primary factors fueling the growth of the refurbished and used mobile phone market is affordability. New smartphones can be expensive, especially high-end models from brands like Apple and Samsung. By purchasing a refurbished or used device, consumers can enjoy similar features and performance at a fraction of the cost of a new phone. This is particularly attractive for budget-conscious individuals or those in emerging markets where disposable income is lower.
Environmental benefits of refurbished and used mobile phones
The environmental impact of electronic waste (e-waste) is a growing concern worldwide. Mobile phones, due to their short lifespan and high turnover rates, contribute significantly to the global e-waste problem. By purchasing refurbished or used mobile phones, consumers can play a part in reducing the environmental impact caused by the disposal of old devices. Refurbished phones, in particular, offer a sustainable option by giving old devices a second life.
Technological advancements improve quality of refurbished phones
Technological advancements in smartphone repair and refurbishment processes have significantly improved the quality of refurbished phones. Today’s smartphones are more durable and easier to repair compared to older models. Additionally, advancements in diagnostic tools and the availability of high-quality replacement parts have made it easier to restore smartphones to their original working condition.
Challenges facing the industry
Despite the growing popularity of refurbished and used mobile phones, the market faces challenges such as quality control, spare parts availability, local – for instance EU – regulations and consumer perception. Consumers may be wary of the potential for counterfeit parts or low-quality repairs. Addressing these issues will be crucial for the continued growth of refurbished devices.
Trends in the secondary phones market
One thing is for sure. The refurbished and used mobile phones market is expected to expand significantly, driven by increasing affordability, environmental concerns, and technological advancements. As smartphone adoption continues to rise in emerging markets, like India and Africa, the demand for refurbished and used phones will likely become a mainstream choice for consumers worldwide.
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