Refurbished and Used Mobile Phones Market: Lack of Consumer Trust in Refurbished and Used Mobile Phones Hampering the Growth
Persistence Market Research forecasts revenue from the global refurbished and used mobile phone market to increase from nearly US$ 19.7 Bn in 2017 to about US$ 38.9 Bn by 2025 end, representing a CAGR of 8.9% from 2017 to 2025. This increasing revenue growth can be attributed to a sudden price drop in electronic devices that is attracting new consumers to purchase refurbished mobile phones.
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