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.