India's Refurbished Smartphone Market Grows 13%

India's refurbished smartphone market has seen a significant growth of 13% in the January-June period, according to a report by Counterpoint Research. This growth is attributed to the increasing price pressure in the new smartphone market, particularly in the entry and mid-range segments.

As a result, consumers are opting for refurbished smartphones, which offer a more affordable way to access premium specifications. The report states that Samsung led the refurbished smartphone market with a 30% share, followed by Apple with a 23% share.

The iPhone 13 has emerged as one of the most preferred refurbished models, combining a relatively premium experience with an affordable price tag. Senior analyst Prachir Singh noted that rising memory prices are changing the value equation for consumers.

The lower upfront cost of refurbished devices, combined with the growing availability of easy EMI and financing options, is making premium refurbished smartphones accessible to a wider consumer base. For value-conscious consumers, higher prices in the entry and mid-range segments are making the premium refurbished proposition increasingly attractive.

Instead of buying a new mid-range device at a higher price, consumers can access older premium smartphones with better cameras, displays, and performance at a lower price. Trade-in and exchange programs are also becoming important growth levers for the refurbished market.

The market is witnessing a gradual shift toward more certified refurbishment. Research Director Tarun Pathak stated that the growing adoption of refurbished smartphones is fundamentally a consumer shift amid rising new-device prices.

Counterpoint Research expects India's refurbished smartphone market to grow 16% in 2026, supported by rising new-device prices, premiumization, and increasing consumer acceptance of pre-owned smartphones. This growth is expected to continue as consumers become more price-sensitive and seek affordable premium devices.

The refurbished smartphone market is becoming increasingly important in India, as consumers seek affordable alternatives to new smartphones. With the growth of certified refurbishment and trade-in programs, the market is expected to continue its upward trend.

In conclusion, the growth of India's refurbished smartphone market is a significant trend that reflects the changing consumer behavior in the country. As new smartphone prices continue to rise, refurbished devices are becoming an attractive option for consumers seeking premium specifications at affordable prices.