The India Refurbished Mobile Phone market is expected to grow at more than 8% from 2024 to 2029 as rapid growth due to affordability and increasing smartphone penetration.
Highend report of this product is available
If you purchase this report now and we update it in next 100 days, get it free!
Highend report of this product is available
If you purchase this report now and we update it in next 100 days, get it free!
Highend report of this product is available
If you purchase this report now and we update it in next 100 days, get it free!
The Indian refurbished smartphone market serves a wide range of users, offering anything from low-cost models to high-end flagships. Consumer preferences have recently shifted, indicating an increasing desire for 5G-enabled reconditioned phones, driven mostly by budget considerations. The considerable price difference between used phones and new smartphones, which may equate to savings of up to 50%, is a major selling point. Price sensitivity is a common tendency in the Indian market, with a large section of the populace emphasising value for money when making purchases. Furthermore, rising environmental consciousness among consumers is leading to a growing respect for reconditioned phones as a sustainable option. This view is bolstered by the increasing availability of internet connectivity and the development of online marketplaces, both of which are fueling the growth of the refurbished smartphone market. While affordability, environmental concerns, and increased internet penetration are the principal drivers of market expansion, some hurdles remain. Among these problems is a lack of brand trust associated with used phones, which is exacerbated by concerns about product quality and inconsistency in warranty offerings. From a legislative aspect, the refurbished smartphone market functions within the larger context of e-waste management rules, with no special regulations that control its operations. However, the government's initiatives, such as the 'Digital India' campaign, indirectly help to market development by encouraging digital usage and connection throughout the country.
According to the research report “India Refurbished Mobile Phone Market Overview, 2029," published by Bonafide Research, the India Refurbished Mobile Phone market is expected to grow at more than 8% from 2024 to 2029. Notably, online sales of reconditioned phones have increased significantly, showing that consumer tastes are changing to online platforms. Major industry competitors have also increased their emphasis on quality control and warranty services in an effort to improve customer satisfaction and retention. Furthermore, the increased demand for reconditioned 5G smartphones reflects the changing technical landscape and consumer desires for more modern gadgets. Pricing and segmentation in the reconditioned phone industry are important elements that influence purchasing decisions. Prices vary greatly depending on brand, model, condition, and the length of warranty coverage. The market is divided into three major categories: the budget segment, which is dominated by refurbished feature phones serving a specific niche; the mid-range segment, which is priced between $150 and $300 and is experiencing strong growth due to previous generation flagships; and the premium segment, which caters to users seeking high-end models at discounted rates and is typically priced above $300.
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
Download SampleCustomise your report by selecting specific countries or regions
Specify Scope NowOne individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More
Safe and Secure SSL Encrypted
We offer 10% Free Customization at the time of purchase
Get Free CustomizationWe sent OTP in your email & phone
Check your spam/junk folder as well
We are friendly and approachable, give us a call.
We use cookies to ensure you get the best experience on our website.