Demand for refurbished smartphones is expected to accelerate as the cost of new devices continues to climb, creating fresh opportunities for the secondary market. According to FDM CCS Insight, the global market for new smartphones is forecast to decline by 14.8% in 2026, while the organised secondary smartphone market is projected to grow by 15.4% as consumers increasingly seek more affordable alternatives.

The research attributes the shift to rising manufacturing costs driven by a global memory chip shortage, with some entry-level smartphones already seeing price increases of more than 50% compared with last year. As a result, refurbished devices are becoming an attractive option for consumers who want reliable technology without the premium price tag of a brand-new handset.

Beyond affordability, the growth of the refurbished market is reinforcing the principles of the circular economy. Extending the lifespan of smartphones through professional refurbishment reduces electronic waste, preserves valuable raw materials and lowers the environmental impact associated with manufacturing new devices. Mature trade-in programmes also play a vital role by ensuring a steady supply of pre-owned smartphones that can be restored and returned to the market.

According to FDM CCS Insight, demand for refurbished smartphones is already outpacing supply, making trade-in incentives and upgrade programmes increasingly important. Strengthening these initiatives will not only support the continued growth of the refurbishment sector but also help create a more sustainable mobile industry where devices remain in use for longer rather than being discarded prematurely.