Refurbished Smartphone Market Surges as Consumers Prioritize Affordability and Sustainability

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Refurbished Phone Market Booms: Cheaper, Eco-Friendly Options Drive Sales

Representational picture/Reuters

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Firstpost•04-03-2026, 11:15

Refurbished Phone Market Booms: Cheaper, Eco-Friendly Options Drive Sales

•The second-hand smartphone market is surging due to lower prices and eco-friendly consumption, despite buyer fears of "duds."
•Around 46% of Europeans have bought a second-hand device, with mature markets showing higher uptake, according to Recommerce and Kantar.
•Price is the primary driver, with refurbished phones often half the cost of new ones, attracting consumers affected by inflation.
•Refurbished phones significantly reduce environmental impact, with an 87% lower climate impact compared to new devices, says GSMA's Steven Moore.
•The market is projected to grow from $70 billion this year to $100 billion in five years, though buyer skepticism about quality remains a challenge.

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