Build Sustainable Business with Refurbished Hardware

Time to read

4 minutes

Date published

March 2025

Balancing value for money with sustainability and reliability, refurbished smartphones are a good choice for businesses of all sizes. Meet the growing demand with our ReNew range of premium Grade A devices.

The mobile marketplace is changing. A few years ago, buying new was the automatic choice for most users. However, this is no longer the case. Demand for refurbished phones has grown significantly over the last five years and is expected to continue increasing exponentially. According to GfK’s 2023 Tech360 survey, a quarter of all mobile phones sold in the UK were bought second hand or refurbished, and demand for refurbished mobile phones grew by 36% in just two years.

Worldwide, the refurbished electronics market was valued at $85.42 billion in 2021. It’s estimated to grow at a compound annual rate of 12.1%, totalling $272.91 billion by the end of 2031 (source: Trojan Electronics).

So, why are so many businesses now choosing refurbished smartphones instead of eagerly awaiting the latest models? It’s simple. There are several key benefits of opting for refurbished rather than new mobile devices…

Affordability

Cost effectiveness is going to be right up there for many business users, particularly in the current economic climate. Refurbished smartphones are typically 20-30% cheaper than new ones. For SMEs or start-ups with limited tech budgets, that makes refurbished phones a highly attractive option. For larger businesses with multiple devices, the cost savings can add up to a significant profitability boost.

Sustainability

The seismic shift towards buying refurbished tech is not just driven by a desire to cut costs and get better return on investment. Sustainability is now a key issue. Almost three-quarters (71%) of consumers consider the environmental impact of their electronic goods purchases, deliveries and returns (source: Trojan Electronics).

E-waste is one of the fastest growing solid waste streams in the world. In 2022, an estimated 62 million tonnes of e-waste were produced globally and only 22.3% was documented as formally collected and recycled (source: World Health Organization).

Buying refurbished smartphones is a great way for businesses to support their sustainability policies and reduce their carbon footprints. Every refurbished smartphone prevents 178.2g of electronic waste, compared to a new smartphone that generates 200.2g. That’s an 89% reduction in e-waste.

The more businesses that buy refurbished devices, the less the demand for new production, reducing the overall environmental impact of the mobile phone manufacturing industry. Building a new smartphone produces 84.4kg of carbon emissions, with most of the impact coming from manufacturing. A refurbished smartphone creates just 7.1kg of emissions – a reduction of over 90%.

Reliability

Buying a refurbished smartphone doesn’t mean sacrificing great performance. Any refurbished device from a reputable seller will have undergone rigorous repairs, testing and quality checks, and will come with a reassuring warranty. ‘Grade A’ devices are guaranteed to be factory restored and free from scratches or dents, and most devices come with a guaranteed battery capacity of at least 80%.

Why selling refurbished hardware is such a great business opportunity

With demand growing all the time, this is a golden opportunity to expand your product portfolio and win profitable new business.

The benefits make refurbished hardware a compelling proposition for your customers. With overhead pressures such as ever-increasing energy costs, many businesses are looking for cost-saving solutions and refurbished tech provides real value for money.

You’ll also be helping your customers meet their Environmental, Social and Governance objectives, enabling them to align their mobile hardware purchasing policy with corporate sustainability commitments.

Introducing the ReNew range of refurbished hardware

At Giacom, we’ve partnered with leading specialist iGo Life to bring you ReNew – a range of professionally refurbished hardware. The premium Grade A smartphones from leading brands are of the highest quality possible, refurbished using OEM parts, fully qualified approved technicians, and advanced diagnostic software. iGo Life ensures that every refurbished phone goes through a comprehensive testing process using state-of-the-art diagnostic software, and every device comes with a 12-month warranty.

Easy ordering through Giacom Hardware

Giacom Hardware gives you fast, easy access to thousands of products from over 100 top tech brands, including iGo Life’s ReNew range. Our secure online platform, exclusive to Giacom partners, provides everything you need to deliver high-quality, reliable refurbished hardware to your customers.

Together with iGo Life, we’re helping businesses embrace eco-conscious technology without compromising on quality or performance. With ReNew you can empower your customers to save money, achieve sustainability goals and access reliable, high-performance devices.

Grow your business with premium refurbished hardware from Giacom and iGo Life. Call us on 03304 333 888 or email [email protected].