Used Smartphone Industry in Indonesia grew at a CAGR of ~8% to USD 445Mn. in 2021 and is expected to be valued at ~USD 659Mn. by 2026 – 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 1. New Smartphone Market has been growing at a CAGR of ~22% from 2016 to 2021; Samsung and Oppo dominate the smartphone market in Indonesia To Know More about this report, download a Free Sample Report The new smartphone market has grown at a CAGR of 21.7% from 2016-2021. The year on year growth rate has been as high as 30-40% in the initial years from 2016-2018. Post 2018, the growth rate slowed down to around 10-12% each year. The average price of new smartphones have been increasing at a CAGR of ~2.4% from 2016-2021, resulting in an increased CAGR for the new smartphone market size in terms of transaction value as compared to the market size in terms of sales volume from 2016-2021.As of 2021, only 8.9% of the population prefer buying iOS mobile operating system. Majority of the population prefer Android phones. 2. Used Smartphone Market grew at a CAGR of ~8% from 2016-2021, with a dip in 2020 as all the offline stores were shut due to COVID In the pre-COVID period from 2016-2019, the industry grew ~8%. During COVID in 2020, the industry witnessed a drop in the growth as people were quarantined at home and the offline stores were shut. The sales of used smartphones during this period were primarily through online platforms. Post COVID, the situation began to normalize, the offline stores opened up and hence, the sale of used smartphones increased. The average prices of used smartphones have increased around 3% from 2016 to 2021. Increase in the average prices of used smartphones is positively correlated with the inflation rate for the products in this sector. People prefer buying used smartphones, especially iPhone, because of the high prices of these smartphones. People who prefer replacing their handsets frequently and are brand conscious prefer buying second hand phones, as they are cheaper and affordable than the new smartphones. The increasing number of emerging online marketplaces increases the ease of convenience of getting a used smartphone at the doorstep from a certified seller and trusted marketplace. Offline retail stores have also adopted an O2O model, which means they provide their products both offline and online. 3. Used Smartphone Market is expected to grow at a CAGR of ~9% from 2022F-2026F; the subscription plan of iPhone will pose a threat to this industry in the future Visit This link Request for Custom Report The used smartphone market is expected to grow at a CAGR of ~9% from 2022F-2026F. Post COVID, an increase in the number of transactions through online platforms have been witnessed. The ease of convenience of getting a used smartphone at the doorstep from a certified seller and trusted marketplace, has resulted an increase in the share of online platforms in the market size of used smartphones industry in Indonesia. People will find it difficult to afford new smartphones in the future and OEM’s like iPhone are expected to start a subscription plan for its users from late 2022. This plan is not similar to buying a smartphone at EMI. The customer would be renting the phone for a certain period of time and are supposed to return the phone after the subscription ends. The strategy behind this is that Apple wants that more and more people enter the Apple ecosystem. This strategy of Apple would pose a threat to the Used Smartphone industry as the brand conscious population would buy this subscription plan and use a new smartphone for a certain period of time rather than buying a second hand device. For more insights on the market intelligence, refer to the link below:- Indonesia Used Smartphone Market Follow Us Facebook | Twitter | LinkedIn | Instagram Tags: Apple indonesia Used Smartphone Market Revenue, Challanges for Used Smartphone Market Indonesia, Competitors in Indonesia Used Smartphone Market, Demand of Used Smartphone in Indonesia, Emerging Players in Indonesia Used Smartphone Market, Indonesia Used Smartphone Distribution Channel, Indonesia Used Smartphone End Users Industry, Indonesia Used Smartphone Industry, Indonesia Used Smartphone Market, Indonesia Used Smartphone Market Distributors, Indonesia Used Smartphone Sector, Indonesia Used Smartphone Suppliers, Leading Players in Indonesia Used Smartphone Market, Major Players in Indonesia Used Smartphone Market, Samsung indonesia Used Smartphone Market Share, Second-hand Smart phone market, Top Used Smartphone Manufacturers in Indonesia, Used Smartphone Market in Indonesia, Used Smartphone Market Startups in Indonesia