Refurbished & Used Smartphone Market Analysis 2023
In 2022, the used phones segment held the largest market share of 54.4% in the global refurbished and used mobile phones market. The used and refurbished smartphone market was valued at 251.09 million units last year. The market is expected to witness an impressive growth over the forecast period, 2023 to 2033 according to Mordor Intelligence report. The market is driven by improvements in methods of collection, grading, repairing of smartphones , and its online/offline selling. Table of Contents I. Market Overview II. Drivers and Trends II. Competitive Landscape IV. Recent Developments Market Overview Refurbished smartphones are becoming increasingly popular, with more reputable resellers entering the market and modern consumers favoring high-end mechanical hardware. The market is estimated to be valued at US$ 55,743.50 Mn in 2023 and is expected to reach US$ 121,288.50 Mn by 2033, registering a CAGR of 8.7%. North America is expected to lead the global refurbished and used ...