Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 46.52 Billion | USD 189.86 Billion | 15.10% | 2024 |
FrequentlyAsked Questions
The used smartphone comprises previously owned mobile phones that have been resold, refurbished, or traded in, allowing consumers to access smartphone technology at lower prices while contributing to electronic waste reduction.
The used smartphone market is expected to be driven by increasing new device prices, growing environmental consciousness, expanding certified refurbishment programs, more extended smartphone hardware durability, and rising consumer acceptance of pre-owned electronics.
According to our study, the global used smartphone market was worth around USD 46.52 billion in 2024 and is predicted to grow to around USD 189.86 billion by 2034.
The CAGR value of the used smartphone market is expected to be around 15.10% during 2025-2034.
The global smartphone market will register the highest growth in North America during the forecast period, with Asia Pacific showing the fastest growth rate.
Key players in the used smartphone market include Apple Inc., Samsung Electronics, Back Market, Gazelle, ecoATM, Amazon Renewed, Swappa, Decluttr, UpTrade, Cashify, SmartphonesPLUS, GreenBuyback, BuyBackWorld, Glyde, Quick Mobile Fix, TheWhizCells, Trademore, ItsWorthMore, Orchard, and Cellsense.
The report comprehensively analyses the used smartphone market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, refurbishment technologies, and the evolving consumer preferences shaping the secondary smartphone ecosystem.
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