Government initiatives to promote digital infrastructure have resulted in increased sales of used smartphones in Malaysia: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Focused Government initiatives, increase in the upgrade cost and delayed availability of new handsets owing to supply chain constraints during the COVID-19 pandemic boosted the growth of the Used Smartphone Market in Malaysia. Malaysia Used Smartphone Market Overview: The Used Smartphone Market in Malaysia is currently in the growing phase and is a highly fragmented market. The market has been driven by increasing smartphone and internet penetration along with digital transformation due to the adoption of the 5G network, a high proportion of low- to mid-income consumers and rising prices of new smartphones. Malaysia Used Smartphone Market grew from nearly 13% in 2016 to about 15% in 2021 in terms of revenue generated, due to the growing demand for Used smartphones in the country. To Know More about this report, download a Free Sample Report Challenges Faced by Malaysia Used Smartphone Market: Improper pricing strategy and vulnerability to malware and hacking issues are some of the major challenges of this industry. With no standardized approach and the industry being at a nascent stage, consumers have to pay for the fluctuating prices. Malaysia has frequent price-drop periods throughout the year which pose another challenge to the frequency of sales. Over the years, shoppers have been trained to wait for price drops. Thus, instead of buying used smartphones, they can get new ones during the same period. Supportive Government Initiatives: The Malaysian government launched the MyDIGITAL initiative as a part of the Malaysia Digital Economy Blueprint. This initiative is a part of the government’s plan to transform Malaysia into a digitally driven, high-income nation and a regional digital economy leader by 2030. With this initiative, the Used Smartphone Industry in Malaysia is gaining traction as the majority of the services are expected to go digital, which will require devices that can access the internet. Covid-19 Impact on Malaysia Used Smartphone Industry: The growing digitization, virtual classes, remote working, and virtual socialization during the Covid-19 pandemic led to smartphones being an indispensable part of life. Digital solutions required compatibility of devices with cutting-edge technology, and it became a driving factor for the rise in sales in the smartphone market. However, the pandemic has caused a hike in the average selling prices of new smartphones due to various factors such as disproportionate supply and demand, an inefficient supply chain, a decline in shipping due to travel restrictions, and fewer new launches. During this period, people were looking for more sustainable options which led to the acceleration of sales of Used Smartphones in Malaysia. Analysts at Ken Research in their latest publication “Malaysia Used Smartphone Market Outlook to 2026F- Driven by increasing prices of new smartphones, greater environmental awareness and Government initiatives like the adoption of 5g network” by Ken Research observed that Malaysia Used Smartphones Market is in a growing phase. Increasing smartphone penetration, rising awareness to reduce electronic wastes, high proportion of low to mid-income consumers, increasing prices of new smartphones and adoption of 5G network are some of the factors that will contribute to the growth of Malaysia Used Smartphone Market over the period of 2022F-2026F. It is expected that Malaysia Used Smartphone Industry will grow at a CAGR of 14.9% for the above forecasted period. Key Segments Covered: – By Distribution Channel Unorganized Organized By Marketing Channel Offline Dealers Classified Online Marketplace By Source of Lead Generation Dealership Walk-ins Online By Sourcing Medium Retail Customers Businesses Telephone Operators OEM’s To Know More about industry trends, Request a free Expert call By Type of Sales B2C C2C By Brand of Smartphones Apple Samsung Xiaomi Others By Age of Smartphones 0-12 months 12-24 months 24-36 months 36-48 months >48 months By Price of Used Smartphones Lower end phone Mid-range phone Upper end phone Premium phone By Purchase across Major Cities Kuala Lampur Seberang Perai Petaling Jaya Others By Type of Network 2G 3G 4G 5G By Battery Capacity <3000 mAh 3000-5000 mAh >5000 mAh By Operating System Android iOS Others Visit this Link Request for a custom report By Screen Size <4.5 inch 5-5.5 inch >5.5 inch Key Target Audience Smartphones companies Network Providers Government Bodies and Regulatory Authority Fintech Companies Investors and Financiers Smartphones Service Providers Cell Phones Industries Venture Capitalist Smartphones Manufacturers Existing Cell Phone Companies New Market Entrants Time Period Captured in the Report: Historical Period: 2016-2021 Base Year: 2021 Forecast Period: 2022F– 2026F Companies Covered: Online Marketplaces Lazada Shopee CompAsia PG Mall my com Facebook marketplaces Halomobile Takumiko Alibaba Harvey Norman Allo Allo Offline Players Factory Mobile Dataran Austin SG World & Finance Mobile Wholesale City Berry Nice Enterprise SS Solution Sam Digital Enterprise Machines Suria KLCC Apple Premium Reseller Store nextfone APR Electronic Services Sdn. Bhd. Classified Platforms Kaskus Carousell OLX Adpost Adsglobe Free Ads Time Omnichannel Players Apple Xiomi Huawei Samsung Oppo Oneplus Vivo RealMe Key Topics Covered in the Report Malaysia’s Smartphone User Landscape Malaysia Used Smartphone Market Analysis Ecosystem of Malaysia Used Smartphone Market Malaysia Used Smartphone Industry Market Size Malaysia Used Smartphone Industry Market Segmentation Value Chain Analysis of Malaysia Used Smartphone Market Business Cycle and Genesis of Online Players in Malaysia Used Smartphone Market Competition Scenario of Malaysia Used Smartphone Market Malaysia Used Smartphones Market Size Future Outlook and Projections Issues and Challenges in the Malaysia Used Smartphone Market End User Analysis of Malaysia Used Smartphone Market Industry Analysis of Malaysia Used Smartphone Market Trends and Developments in Malaysia Used Smartphone Market SWOT Analysis on Used Smartphones market in Malaysia Growth Drivers of Malaysia Used Smartphone Market Government Rules and Regulations in Malaysia Used Smartphone Market Impact of Covid-19 on Malaysia Used Smartphone Market For More Information On The Research Report, Refer To Below Link: – Future Outlook of Used Smartphone Market in Malaysia Related Reports by Ken Research: – Indonesia Used Smartphone Market Outlook to 2026 Tags: alaysia Used Smartphone Companies, alaysia Used Smartphone Service Providers, Apple Used Mobile Market Share in Malaysia, Cell Phone Companies in Malaysia, Challanges in Malaysia Used Smartphone Market, Competitors in Malaysia Used Smartphone Market, Demand of Used Smartphone Market in Malaysia, Distribution Channels of Used Phones in Malaysia, Emerging Players in Malaysia Used Smartphone Market, Financiers in Used Phone Market Malaysia, Fintech Companies in Used Phone Market Malaysia, Kuala Lampur Used Smartphone Market, Leading Players in Malaysia Used Smartphone Market, Major Players in Malaysia Used Smartphone Market, Malaysia Mobile Services Providers, Malaysia Organized Used Smartphone Market, Malaysia Refurbished Mobile Phone Market, Malaysia Second-hand Phone Market, Malaysia Smartphone Market, Malaysia Used Cell Phone Market, Malaysia Used Phone Market, Malaysia Used Smartphone End Users, Malaysia Used Smartphone Industry, Malaysia Used Smartphone Market, Malaysia Used Smartphone Offline Dealers Market, Malaysia Used Smartphone Sector, Malaysian Used Smartphone Market, Mobile Phones for sale Market in Malaysia, Online Marketplace of Used Smartphone Market Malaysia, Petaling Jaya Used Smartphone Market, Pre-Owned Smartphone Market in Malaysia, Sales of used and refurbished smartphones Malaysia, Samsung Used Smartphone Market Revenue in Malaysia, Seberang Perai Used Smartphone Market, Second-hand Smartphone Market in Malaysia, Smartphones companies in Malaysia, Smartphones Manufacturers in Malaysia, Smartphones Service Providers in Malaysia, Startups in Used Smartphone Market Malaysia, Top Used Smartphone Companies in Malaysia, Used Smartphone Industry in Malaysia, Used Smartphone Market in Malaysia, Used Smartphone Online Store In Malaysia, VC's Investment in Used Phone Startups Companies, Xiaomi Used Smartphone Market Share in Malaysia