Global Refurbished Phone Market to Reach $65B by 2027

The global refurbished smartphone market is projected to reach $65 billion by 2027, growing at a CAGR of 12%. Key drivers include rising smartphone prices, growing environmental awareness, and expanding distribution networks in emerging markets. India, Brazil, and Africa are leading the growth, with refurbished iPhones seeing the highest demand. Industry analysts recommend wholesalers to focus on multi-brand portfolios and invest in quality grading systems to differentiate in an increasingly competitive market.