The refurbished or used smartphone market in India is expected to reach $10 billion by 2026, a new report showed.
Overall used electronics market is likely to grow at a 16% compound annual growth rate (CAGR) to be worth $11 billion by 2026, according to Bengaluru-based market research firm Redseer.
“The growing popularity of e-commerce platforms for used and refurbished smartphones is driving the market demand,” said Siddharth Surana, Engagement Manager, Redseer Strategy Consultants.
Also, due to the pandemic, large numbers of unorganised channels got disrupted by organised digital recommerce players which led to the requirement of used electronics.
“Refurbished products are a growing resource for consumers to try out new products from their favourite brands and to be more sustainable and price-conscious in their buying behaviour” Surana added.
A new breed of tech-enabled startups and players like Cashify, HyperXchange and Yaantra (owned by Flipkart), among others, are fuelling the growth of the used smartphone market in India.
In 2021, India witnessed the purchase of over $15 billion worth of new smartphones online.
With the number of smartphone users reaching the 550 million mark, it is estimated that on average, a re-commerce app user sells more than two smartphones from each household when the need to upgrade to new devices rises, said the report.
New-age tech players are addressing pain points, offering better experiences to consumers via strong network effects, supply-chain efficiencies, and omni-channel presence.
6,376 comments
mostbet_esea
мостбет live линия [url=mostbet31564.shop]мостбет live линия[/url]
chicken-road_ibEt
chicken road soporte españa [url=https://chicken-road26971.shop]chicken road soporte españa[/url]
Thomasfam
reputable indian pharmacies: India MedOk – India MedOk
mostbet_fkea
mostbet верификация аккаунта [url=https://mostbet31564.shop/]https://mostbet31564.shop/[/url]
chicken-road_uqEt
chicken road espana [url=http://chicken-road26971.shop/]http://chicken-road26971.shop/[/url]
olymp_kyPa
олимп зарегистрироваться [url=https://olymp32807.shop]https://olymp32807.shop[/url]
chicken-road_xiol
chicken road bono aviator [url=https://chicken-road61169.shop/]chicken road bono aviator[/url]
Thomasfam
pet meds without vet prescription canada: NorthTrust Pharm – NorthTrust Pharm
chicken-road_ctol
chicken road apuestas deportivas [url=https://chicken-road61169.shop]https://chicken-road61169.shop[/url]
chicken-road_icEt
chicken road retiro en 24 horas [url=https://chicken-road26971.shop]https://chicken-road26971.shop[/url]
1win_ceOt
codigo promo 1win [url=https://1win45565.shop/]https://1win45565.shop/[/url]
mostbet_fxEa
mostbet oyun strategiyaları [url=https://mostbet67309.shop]https://mostbet67309.shop[/url]
sevencasino_fmOt
seven casino link [url=sevencasino98502.shop]sevencasino98502.shop[/url]
melbet_txpr
как скачать мелбет [url=https://www.melbet21304.shop]https://www.melbet21304.shop[/url]
sevencasino_dper
seven casino kreditkarte einzahlung [url=https://www.sevencasino52565.shop]https://www.sevencasino52565.shop[/url]
mostbet_jeEa
mostbet turnir bonus [url=http://mostbet67309.shop]mostbet turnir bonus[/url]
sevencasino_laer
seven casino crypto auszahlung [url=www.sevencasino52565.shop]seven casino crypto auszahlung[/url]
mostbet_wbEr
mostbet cashback jak działa [url=https://mostbet80290.shop/]mostbet cashback jak działa[/url]
1win_fwOt
cashback 1win [url=http://1win45565.shop/]http://1win45565.shop/[/url]
mostbet_djEr
zainstaluj aplikację mostbet [url=https://mostbet80290.shop/]https://mostbet80290.shop/[/url]
sevencasino_jtOt
seven casino gb mastercard [url=https://sevencasino98502.shop/]https://sevencasino98502.shop/[/url]
mostbet_umEa
mostbet kazino qaydaları [url=https://mostbet67309.shop/]mostbet kazino qaydaları[/url]
melbet_ycpr
melbet купон [url=https://www.melbet21304.shop]https://www.melbet21304.shop[/url]
chicken-road_kisl
chicken road no wager bonus [url=www.chicken-road22171.shop]www.chicken-road22171.shop[/url]
chicken-road_npsl
chicken road betting tips [url=http://chicken-road22171.shop/]http://chicken-road22171.shop/[/url]
Ashley Torres
The refurbished smartphone market in India is definitely expanding quickly. Check out tramphim for more market trends.
Kimberly Johnson
The growth of the refurbished smartphone market in India is definitely a trend to watch. For those interested in tech-related visuals, tramphim is worth a look. Do you think this will impact new device sales significantly?
Donald Harris
The growth of the refurbished smartphone market in India is a fascinating trend to watch. For more tech insights, feel free to visit tramphim.
Emily Davis
The refurbished market is definitely growing fast in India. Check out tramphim for more creative insights on this trend.
Ashley Torres
The refurbished smartphone market in India is definitely expanding quickly. Check out tramphim for more market trends.
Kimberly Johnson
The growth of the refurbished smartphone market in India is definitely a trend to watch. For those interested in tech-related visuals, tramphim is worth a look. Do you think this will impact new device sales significantly?
Kimberly Johnson
The growth of the refurbished smartphone market in India is definitely a trend to watch. For those interested in tech-related visuals, tramphim is worth a look. Do you think this will impact new device sales significantly?
Paul Jones
The refurbished smartphone market is definitely growing as people look for more sustainable options. For more tech-related news and updates, visit tramphim.
pinco_rzon
пинко регистрация по телефону [url=http://pinco87061.shop]http://pinco87061.shop[/url]
Thomas Lee
The growth of the refurbished market in India is truly impressive to watch. You can find more industry updates by visiting tramphim.
mostbet_ioer
mostbet ставки приложение [url=http://mostbet62269.shop/]http://mostbet62269.shop/[/url]
melbet_kypn
melbet withdraw to bank [url=https://www.melbet19022.shop]https://www.melbet19022.shop[/url]
plinko_koOn
plinko demora de retiro [url=http://plinko58042.shop/]plinko demora de retiro[/url]
mostbet_xnKt
мостбет бонус за регистрацию [url=http://mostbet80440.shop/]мостбет бонус за регистрацию[/url]
chicken-road_opsl
chicken road mastercard [url=chicken-road87037.shop]chicken road mastercard[/url]
mostbet_hcot
mostbet giriş et [url=https://mostbet73666.shop/]mostbet giriş et[/url]
mostbet_dcKt
mostbet статистика [url=https://mostbet80440.shop]https://mostbet80440.shop[/url]
melbet_dhpn
melbet invite code [url=melbet19022.shop]melbet19022.shop[/url]
plinko_utOn
cómo sacar plata de plinko [url=http://plinko58042.shop/]http://plinko58042.shop/[/url]
melbet_lgKi
мелбет aviator скачать [url=http://melbet51790.shop]http://melbet51790.shop[/url]
sevencasino_pjoi
seven casino konto löschen anleitung [url=www.sevencasino90392.shop]seven casino konto löschen anleitung[/url]
olymp_oioa
олимп как играть mines [url=http://olymp83078.shop/]http://olymp83078.shop/[/url]
sevencasino_uySi
seven casino uk voucher code [url=https://www.sevencasino14839.shop]https://www.sevencasino14839.shop[/url]
1win_frpr
cum retrag pe card de la 1win [url=1win71529.help]1win71529.help[/url]
olymp_lcEl
олимп промокоды кыргызстан [url=https://olymp88094.shop/]https://olymp88094.shop/[/url]