Southeast Asia and China, among other emerging markets, continue to be the main drivers of global growth in the used smartphone market
According to the latest research from Counterpoint, mature used device markets such as Europe, the US, and Japan are expected to remain relatively flat in the first half of 2025, with an average annual growth rate of approximately 1%. Market fragmentation, rising costs, and longer replacement cycles are among the factors influencing both the supply and demand sides of the used smartphone market. In contrast, emerging markets such as Africa, India, Southeast Asia, China, and Latin America continue to be active, with an average annual growth rate of approximately 4%, significantly higher than the global average. The Southeast Asian used smartphone market saw a 5% year-on-year growth, primarily driven by its extensive informal distribution network and the steady influx of used devices and components from China.