How big is the Used And Refurbished Smartphone Market?

The Used And Refurbished Smartphone Market size is expected to reach 349.40 million units in 2024 and grow at a CAGR of 7.61% to reach 504.10 million units by 2029. Read More

What is the current Used And Refurbished Smartphone Market size?

In 2024, the Used And Refurbished Smartphone Market size is expected to reach 349.40 million units. Read More

Who are the key players in Used And Refurbished Smartphone Market?

Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., Verizon Communications, Inc. and AT&T Inc. are the major companies operating in the Used And Refurbished Smartphone Market. Read More

Which is the fastest growing region in Used And Refurbished Smartphone Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Used And Refurbished Smartphone Market?

In 2024, the Asia Pacific accounts for the largest market share in Used And Refurbished Smartphone Market. Read More

What years does this Used And Refurbished Smartphone Market cover, and what was the market size in 2023?

In 2023, the Used And Refurbished Smartphone Market size was estimated at 322.81 million units. The report covers the Used And Refurbished Smartphone Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Used And Refurbished Smartphone Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the latest trends in the Used and Refurbished Smartphone Market?

The latest Trends in the Refurbished Smartphone Market are: a) The growing availability of late-model smartphones b) Increased adoption of buyback and trade-in programs, and c) Expansion of online platforms offering refurbished devices Read More

Used And Refurbished Smartphone Market Share

Statistics for the 2023 & 2024 Used And Refurbished Smartphone market share, created by Mordor Intelligence™ Industry Reports. Used And Refurbished Smartphone share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Used And Refurbished Smartphone Industry

The competitive rivalry amongst the used and refurbished smartphone providers is very high, owing to the presence of various smartphone brands across the globe. Some major players in the market are Samsung Electronics Co. Ltd, Apple Inc., Amazon.com Inc., Verizon Communications Inc., and AT&T Inc. The demand for refurbished smartphones has spiked in recent years due to the massive smartphone penetration across developing countries. Players in the market are adopting strategies such as partnerships and investments to enhance their product offerings and gain sustainable competitive advantage.

November 2023 - Reboxed announced that it secured GBP 1.6 million (USD 2.03 million) in seed funding led by ACF Investors. Reboxed offers a commerce platform connecting customers and businesses with a better and more sustainable way to buy and sell technology. It provides premium refurbished and pre-owned devices, including phones, tablets, laptops, and smartwatches, through a "like new" experience that focuses on quality, consistency, and a genuinely circular approach. The company will use the funds to drive growth and further develop its retail partner programs and Reboxed for business service.
September 2023 - Back Market launched 'Let Them Buy New' - a provocative new international campaign that calls 'BS' on Big Tech's obsession with creating a need for new products. The campaign parodies Big Tech's marketing ploys to challenge the accepted norm of buying new tech every time, to question a consumer bias for new, and to show that refurbished devices are a high quality, more affordable, and more eco-friendly choice.