February 24, 2026 The $83bn Trade-in Gap: Billions Left on the Table

1 in 3 buyers never offered a trade-in. Even in smartphones, 58% of devices go untraded — billions in value left unclaimed.

Alchemy, the world’s fastest-growing circular tech company, today releases the first instalment of a major new research campaign which explores the consumer electronics trade-in landscape across the US. Conducted in partnership with CCS Insights, the opening findings reveal a clear disconnect between consumer demand for trade-in programs and their availability at the point of purchase.

Consumers in the US are holding approximately $83.74 billion in unrealized trade-in value from unused devices – value that brands, retailers and carriers could unlock through more accessible, stronger programs.

Every year, around one billion smartphones globally reach the end of their first useful life without being traded in*. The reason is two-fold: firstly, although the number of OEMs, retailers and carriers offering smartphone trade-in programs is constantly expanding, only 61% US of consumers surveyed were offered trade-in in their most recent smartphone purchase. Secondly, only 44% of consumers actually traded-in their smartphone.

Alchemy’s research, a survey of more than 2,000 US consumers, uncovered multiple compelling reasons why OEMs, retailers and carriers should invest in developing programs and unlock the revenue growth potential presented by trade-in:

The research also delved into the main consumer barriers that prevent trade-in from reaching its full potential. Despite strong interest in trade-in programs, fair valuation is cited as the primary obstacle by US consumers, with 27% expressing this as a concern, while 25% worry about data security when trading in devices. Finally, awareness gaps persist – 22% of consumers remain unaware that older models still have trade-in value for example – leaving significant value on the table for brands, retailers and end users.

Non-smartphone sectors also remain behind the curve, equating to billions in potential revenue and a missed opportunity to make premium technology more affordable and accessible across the wider consumer electronics industry. Household appliance industries achieved the lowest trade-in uptake, with just 20% of consumers participating in trade-in programs for kitchen appliances and 14% for floorcare products. Despite this, 52% of consumers in these segments expressed an intention to trade-in in the future, showing the significant opportunity presented by trade-in, even in categories not traditionally associated with strong trade-in programs.

Stephen Wise, Director Global Marketing at Alchemy: “We’ve known for a while that consumers want trade-in options, but this research shows just how much money brands are leaving on the table by not offering them. When nearly a third of US shoppers aren’t even being asked if they want to trade-in at the point of purchase, that’s a massive missed opportunity not just for revenue and loyalty, which keeps customers coming back, but for the planet too as millions of usable devices end up scrapped instead of recirculated.”

“The numbers are clear: people will stick with brands that make trade-in easy and rewarding. And when they do trade-in, they’re more likely to upgrade to better devices, add accessories, and replace their tech more regularly. It’s a win for everyone – brands get loyal customers and greater customer lifetime value, consumers get access to better tech at more affordable prices, and devices stay in use longer instead of sitting in drawers or ending up in landfill.”

Ben Wood, Chief Analyst at CCS Insight, added: “This research reinforces the momentum we’re seeing across global consumer tech buying behavior. Trade-in has moved from niche to mainstream, but the next step is consistency. For manufacturers and retailers, clear offers and transparent processes will be essential to convert intent into action and meet the huge consumer appetite identified in this study.” Trade‑in has moved from niche to mainstream, but the next step is consistency. For manufacturers and retailers, clear offers and transparent processes will be essential to convert intent into action and meet the huge consumer appetite identified in this study.”

From OEM, retailer and carrier perspectives, brand leaders see trade‑in as far more than an ESG initiative – it’s becoming a proven growth and loyalty engine. As one household appliance manufacturer explained, “trade‑in is an acquisition tool for us, it’s how we bring new customers into our ecosystem.” Others emphasized retention benefits, noting that “those who trade-in with us remain more loyal and are likely to come back and buy again in future.”

The opening findings of Alchemy’s research indicate a market ready for scale: consumers motivated by value and simplicity, and brands recognizing that trade-in delivers measurable commercial and environmental returns.

For the full insight report, please visit https://www.wearealchemy.com/research-and-insights or contact Alchemy to learn more: https://www.wearealchemy.com/contact.

About Alchemy
Alchemy is a global leader in the circular technology sector, providing end-to-end circular solutions that drive sustainability, innovation, and transparency through each stage of the tech lifecycle. Recently winning Deloitte Impact Award in association with Meta and ranking on its Technology Fast 50 Ireland list, Alchemy is trusted by over 3,000 partners in 60 markets and has successfully recovered, processed, and remarketed over 12 million devices.

With a commitment to reducing environmental impact, Alchemy operates through four specialist divisions: Circularity, Trading, Callisto, and Loop. Alchemy Circularity provides tailored lifecycle, reverse logistics and recommerce solutions for OEMs, retailers, and carriers, supported by a proprietary tech infrastructure and global facilities network.

Alchemy also connects businesses and consumers through its platforms. Callisto is a one-click global trading marketplace for wholesale refurbished tech, enabling seamless and secure transactions for buyers and sellers. Loop Mobile, its consumer-facing brand, empowers customers to save money and reduce CO₂ emissions with rigorously tested devices backed by top-tier warranties.

Visit www.wearealchemy.com for more information.

About FDM | CCS Insight
CCS Insight is a global analyst company providing valuable insights and analysis to navigate the complex technology landscape. It offers comprehensive services tailored to meet the individual needs of its clients, helping them make sense of the connected world and optimize their strategies. CCS Insight was recently acquired by FDM, a leading player in telecom pricing and market share insights which is backed by private equity firm Inflexion. Learn more at: https://www.ccsinsight.com/

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