An Overview of Second-Hand Mobile Market Size, Share & Growth in India 2025

India's second-hand smartphone market has emerged as a key player in the global landscape, experiencing remarkable growth and becoming an essential segment for consumers who prioritize affordability and quality. Over 95% of used smartphones in India are sold in their original condition, with only about 5% undergoing repairs or refurbishment before being reintroduced to the market. This trend showcases a deep reliance on pre-owned technology as a sustainable and cost-effective solution. With smartphones dominating more than 90% of the second-hand consumer electronics sector, they have become the preferred choice for a vast number of Indian buyers. One of the primary reasons for this growth is the desire to own premium brands like Apple and Samsung at significantly reduced prices. For example, while a new iPhone could set you back ₹40,000 or more, a second-hand iPhone is available for as low as ₹7,000, making luxury technology accessible to a larger audience.

Leading this charge is Xiaomi, which commands a 27% market share in the pre-owned smartphone space, followed closely by Apple and Samsung, each holding 16%. The demand for second-hand devices is fueled by a unique combination of brand-consciousness and price-sensitivity among Indian consumers. Xiaomi’s dominance is further cemented by the brand’s excellent resale value. While an Apple product may see its resale value drop to 70% in the first few months, a Xiaomi device typically retains 62% of its value over the same period, making it a more attractive investment. The pandemic has further propelled this market, as many people needed affordable smartphones for remote work, education, and staying in touch with family and friends. According to surveys, price remains the most influential factor in choosing refurbished phones, with 78% of buyers earning less than ₹30,000 a month. This underscores the critical role of affordability in the market, especially when combined with the need for reliable, up-to-date technology.

Buying second-hand devices not only provides an opportunity for savings but also promotes a more sustainable lifestyle by reducing electronic waste. As more people become aware of the environmental impact of e-waste, the second-hand smartphone industry plays a vital role in eco-friendly technology consumption. It also bridges the digital divide by enabling more people to transition from basic feature phones to advanced smartphones, contributing to greater digital inclusion. Furthermore, experts predict that this market will almost double by 2025, reaching a valuation of $4.6 billion. This projected growth is a testament to India’s potential to become a global leader in the refurbished electronics space, driven by factors such as a large pool of labor, an expanding digital economy, and an increasingly technology-savvy population.

The pre-owned smartphone market also stands out because of platforms like Cashify, which make buying and selling second-hand devices simpler and more trustworthy. Cashify’s data reveals that Xiaomi products consistently rank as the most traded items on their platform. The survey findings show that around 19% of consumers upgrade their devices within the first year, while 44% do so within two years, contributing to a steady supply of pre-owned phones. This trend underscores a shortening device lifecycle, indicating a growing shift in consumer behavior toward frequent upgrades and sustainable consumption. Interestingly, a Xiaomi phone loses about 28% of its value over 36 months, compared to a 19% depreciation for Apple products, highlighting the importance of strategic purchasing decisions in the second-hand market.

Beyond affordability and convenience, the second-hand market is vital for reducing the country's digital divide. As more consumers transition to smartphones, it enables broader participation in the digital economy, from online banking to educational apps. According to Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), India has the potential to lead in remanufacturing and re-commerce due to its lower labor costs and expanding digital infrastructure. This growth will not only drive economic gains but also help reduce electronic waste, making recycling a standard practice. The sector is also likely to grow with an increasing number of people opting for refurbished gadgets for their families. Remote work and education have significantly contributed to this trend, making second-hand devices essential for modern living.

In conclusion, India’s second-hand smartphone market is more than just a trend—it’s a movement toward affordable, sustainable, and accessible technology. The market is expected to nearly double in the next few years, with growth driven by both consumer demand and a conscious effort to reduce e-waste. With the potential to reach a market value of $4.6 billion by 2025, India is on track to set new standards in re-commerce and digital inclusion. This sector provides value to consumers, minimizes environmental impact, and creates a more inclusive digital economy, making it a win-win for all involved. Whether you’re looking to save money, access premium brands, or make a positive environmental impact, India’s second-hand smartphone market offers unparalleled opportunities.