Refurbished Devices Market Trends in India

Refurbished Device Trends in India
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India has come into the limelight as one of the markets booming for refurbished smartphones. Recent studies show an upward trend in 2019 and 2020 and progressively positive growth. 

 Let’s quickly run you through what is a refurbished smartphone or device before we move ahead. To begin with, no, they are not just second hand or used gadgets. They are pre-owned gadgets and are reconditioned to make them like a new device that comes packed in the original box. Refurbished smartphones could also be phones that were returned back to the seller immediately after opening the box only because he/she did not like them. Such phones are passed through stringent quality checks and then quality certified as refurbished. The refurbished devices also come with a warranty typically for 6 months to a year for any unforeseen defects in the gadget. 

Factors that drive Refurbished Devices in the Indian Market

As we see that sales of smartphones and mobile phones are on a rise in India, consumers now choose to trade in their devices which are adding to the supply of refurbished smartphones market in India. The demand is huge from tier 2, tier 3 and tier 4 markets. Customers earlier were selling/gifting their smartphones to friends and relatives but now with many refurbished sellers online and offline, they choose to get a good value for their old device and enjoy the benefit of selling the device from the comfort of their home.

As per a study conducted in Jan 2022, some known facts about the refurbished smartphones market in India are :

  • ● The overall refurbished electronic market in India is growing at a CAGR of 80%
  • ● Online presence and a structured process for sale with doorstep pick up have helped trade boom up in India
  • ● Start-ups and small/medium-sized companies in India are now demanding supplies of refurbished smartphones and laptops for their business needs. The advantage you ask? A refurbished device is available at a 30-40% discount and these devices are nothing short of being brand-new pieces.
Why choose to buy a Refurbished Device?

You would understand by now that buying refurbished devices is an alternative to buying a brand-new device. While everything comes with its advantages and disadvantages, let us look into the pros and even cons of buying refurbished or pre-owned mobile phones and other electronic devices.

Pros

  • ● Of course, the main reason why you must consider buying a refurbished device is that it is economical. You save money compared to buying a brand-new smartphone or other devices. Refurbished phones are sold at lower prices only because they have been pre-owned and cannot be labelled as “new”. This option is best when you unexpectedly lose your mobile phone or it gets damaged unexpectedly and your budget does not allow you to purchase a new one immediately. 
  • ● When you buy a refurbished device, you actually make your contribution towards keeping the environment clean. Refurbished mobile phones remain longer in circulation and hence the demand for newer smartphones and gadgets falls every 2 years and reduces the stress on our depleting natural resources. I would say this is the biggest Pro when you buy a refurbished device as you help mother earth heal. 
  • ● A refurbished mobile phone or device comes with a warranty. Should any problem or defect arise in your refurbished phone, you have the option of returning it back or having it exchanged if it is within the warranty period. A second-hand phone generally does not have this option.

Like everything has an advantage and challenges, a refurbished mobile phone also has some challenges. But the pros outnumber the cons in this case.

Cons

  • ● Keeping in mind that refurbished gadgets were used by someone or repaired, some of these gadgets could have some wear and tear. In most cases, they are minor scratches on the outer body of the device. But to rest assured certified refurbished smartphones have been passed through layers of stringent quality checks and are passed to be as good as new from the original manufacturers generally. 
  • ● The warranty could be a limited warranty as compared to new devices. Typically, refurbished smartphones come with less than one year warranty which usually you get when you make a new purchase.

Having said the above, it does not mean that refurbished phones and other devices would definitely have some defect in them. According to research conducted by Refurbdepot.com, these phones stand a very low chance of being defective as they are thoroughly inspected, serviced and tested several times before they are certified to be refurbished. They are also repacked with original packing to meet all standards as per the new one. 

In general, I would conclude by saying that purchasing a refurbished electronic gadget is a very good option if you are looking at the replacement of your gadgets sooner or in an emergency as they are available at affordable and discounted prices.

XtraCover: Your best choice for Refurbished Devices

XtraCover is one of the top-rated online marketplaces for your one-stop solution for refurbished smartphones/mobile phones/laptops/tablets etc. XtraCover offers SaaS Products, Warranty Services, the Sale of Refurbished Mobiles & Laptops, Repairs and other related value-added solutions for mobile phones, laptops, tablets and other electronic appliances.

Our website www.xtracover.com offers a plethora of services to its customer database including

  • ● Sale of Refurbished Gadgets
  • ● Repair Services
  • ● Warranty Services
  • ● Buy Back Devices

Why should you trust us?

We offer a range of refurbished gadgets and smartphones that are XCQC Certified. Customers get a one-year XtraCover warranty that is absolutely transparent when you purchase a phone through us. 

XtraCover XCQC is also a mobile diagnostic & quality check solution that performs an in-depth analysis of a mobile device’s internal & external components and sensors and thus improves the longevity of your electronic device. 

Visit us at xtracover.com  if you are looking for Certified Refurbished Gadgets or need more information! We will assure you the best of services and your purchase is completed right at your doorstep.

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