U.S. Refurbished and Used Mobile Phones Market Size, Share, Analysis, Trends, Growth, 2032

U.S. Refurbished and Used Mobile Phones Industry Prospective:

The U.S. refurbished and used mobile phones market size was evaluated at $8.67 billion in 2023 and is slated to hit $26.67 billion by the end of 2032 with a CAGR of nearly 13% between 2024 and 2032.

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U.S. Refurbished and Used Mobile Phones Market: Overview

Refurbished and used mobile phones provide a cost-efficient option for purchasing a new mobile. Moreover, there are various alternatives for purchasing & selling refurbished and used mobile phones in the United States of America. Furthermore, there are various online portals and market spaces on which refurbished & used mobiles are sold. For instance, Gazelle and Swappa are a few of the key online marketplaces.

Key Insights

• As per the analysis shared by our research analyst, the U.S. refurbished and used mobile phones market is projected to expand annually at the annual growth rate of around 13% over the forecast timespan (2024-2032)
• In terms of revenue, the U.S. refurbished and used mobile phones market size was evaluated at nearly $8.67 billion in 2023 and is expected to reach $26.67 billion by 2032.
• The global U.S. refurbished and used mobile phone market is anticipated to grow rapidly over the forecast timeline owing to a rise in the number of price-sensitive customers along with the affordability of refurbished & used mobile phones.
• In terms of type, the refurbished phones segment is slated to register the highest CAGR over the forecast period.
• Based on price, the mid-priced segment is predicted to dominate the segmental growth in the upcoming years.
• Region-wise, the Northeast refurbished and used mobile phones industry in the U.S. is projected to register the fastest CAGR during the projected timespan.

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U.S. Refurbished and Used Mobile Phones Market: Growth Factors

Demand for budget-friendly smartphones to elevate the growth of the U.S. market over 2024-2032

A rise in the number of price-sensitive customers along with the affordability of refurbished & used mobile phones is anticipated to prop up the growth of the U.S. refurbished and used mobile phones market. Swift breakthroughs in smartphone technologies leading to the short lifespan of mobile equipment have led to humungous demand for refurbished and used mobile phones in the U.S. Moreover, a rise in online retail activities and a massive increase in the costs of new mobiles can proliferate the size of the market in the U.S.

U.S. Refurbished and Used Mobile Phones Market: Restraints

Non-uniformity in the costs of product of same brand can slow down the industry growth in the U.S.

Lack of product standardization associated with quality assurance and grading of products along with non-uniform protocols governing the sale of the product can hinder the growth of the U.S. refurbished and used mobile phone industry. Moreover, concerns over longevity of the product can obstruct the industry growth in the U.S.

U.S. Refurbished and Used Mobile Phones Market: Opportunities

A rise in collaborations & alliances between business players is likely to define the market growth in the U.S.

An increase in efficient value-added services, including data transfer, equipment repair, and screen replacement, is anticipated to open new facets of growth for the U.S. refurbished and used mobile phones market. Expediting partnerships between various businesses and smartphone manufacturers has enhanced the demand & supply of refurbished as well as used mobile phones, thereby spurring the market size in the U.S.

U.S. Refurbished and Used Mobile Phones Market: Challenges

A prominent scaling up of data breach cases & hacking has led to reduction in the product demand across the U.S.

Growing quality concerns along the easy availability of duplicate products can pose a big challenge to the growth of the U.S. refurbished and used mobile phones industry. Moreover, surging data privacy concerns and low access to particular product brands can restrict the growth of the industry in the country.

U.S. Refurbished and Used Mobile Phones Market: Segmentation

The U.S. refurbished and used mobile phones market is divided into type, price, and region.                                          

In terms of type, the U.S. refurbished and used mobile phones market is bifurcated into refurbished phones and used phones segments. Additionally, the refurbished phones segment, which gained approximately two-thirds of the market revenue share in 2023, is anticipated to register the fastest rate of growth yearly during the timespan from 2024 to 2032. The main factor bolstering the segmental expansion can be due to rise in the sale of refurbished phones owing to their affordability and high-performance.

On the basis of price, the U.S. refurbished and used mobile phones industry is sectored into low-priced, premium, and mid-priced segments. In addition to this, the mid-priced segment, which accrued about 51% of the industry share in 2023, is set to lead the segmental expansion in the U.S. in the forecasting timeline. The segmental surge can be due to a rise in the performance of these products along with their inexpensiveness.  

U.S. Refurbished and Used Mobile Phones Market: Report Scope

U.S. Refurbished and Used Mobile Phones Market: Regional Insights

Midwest region of the U.S. is slated to lead the market surge over 2024-2032

The Midwest region, which accrued 63% of the U.S. refurbished and used mobile phones market share in 2023, is set to retain its dominating position in the U.S. market in the ensuing years. In addition to this, the regional market expansion in the forecast timeline can be attributed to an increase in the demand for consumer goods such as smartphones in the region. Moreover, an increase in the economic activities in the region will further spearhead the growth of the market in the Midwest part of the U.S. Moreover, the rise in the establishment of tech firms will translate into huge product demand in the near future.

The Northeast refurbished and used mobile phones industry in the U.S. is predicted to record the highest rate of expansion annually within the next few years. The growth of the industry in the Northeastern part of the U.S. can be due to flourishing e-commerce activities, the affordability of the products, and the presence of key players in the region.

U.S. Refurbished and Used Mobile Phones Market: Competitive Space

The U.S. refurbished and used mobile phones market profiles key players such as:

• eBay
• Apple Inc.
• Verizon Communications Inc.
• Walmart
• Paytm
• Cashify
• AT&T Inc.
• Samsung
• Huawei
• Yaantra
• Amazon,

The U.S. refurbished and used mobile phones market is segmented as follows:

By Type

• Refurbished Phones
• Used Phones

By Price

• Low-Priced
• Premium
• Mid-Priced

By Region

The U.S.

• Northeast
• Midwest
• South
• West