Refurbished and Used Mobile Phones Market

The global refurbished and used mobile phones market size in 2022 was around US$51.9 Bn.

The report has projected a CAGR of 11.5% for the global refurbished and used mobile phones market during 2023 - 2030.

North America presently leads the global market for refurbished and used mobile phones and will continue to represent the largest share of the market revenue through 2030-end.

Some of the primary factors projected to drive the revenue expansion of this market include the increase in the number of companies providing EMI options on phone purchases, and a notable rise in worldwide consumer dependency on smartphone devices.

While used phones remain dominant by type, the individual application segment leads the market for refurbished and used mobile phones.