Indonesia Used Smartphone Market Report 2022-2026 Featuring Laku6, Jagofon.com, Shopee, Tokopedia, Bukalapak, Olx, Carousell, Erafone, Sentra Ponsel, DigiMap, Renan Store, Ekacelluler
DUBLIN, Sept. 23, 2022 /PRNewswire/ -- The "Indonesia Used Smartphone Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.
The market size is expected to grow at a five-year CAGR of ~9% by 2026
The report provides a comprehensive analysis of the used smartphone industry by analyzing historical statistics and corresponding developments in the used smartphone market.
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.
Indonesia's Used Smartphone Industry is at a nascent stage. The industry had a single digit growth from 2016-2021. During COVID, the industry growth rate declined as the offline stores were shut. Offline stores sales dominate the industry with a large percentage share as compared to online platforms.
Also, the fear of stepping out of home led to an emergence for online used smartphone in Indonesia. Internet penetration has been increasing in Indonesia from 2016 to 2021. 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 increase in the 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.
These offline players have a large presence on social media, especially on Facebook and Instagram. They post about all their products with their prices as well as other promos and discounts.
Competitive Landscape in Indonesia's Used Smartphone Industry
Indonesia's Used Smartphone Industry is highly fragmented with presence of large number of offline players. Online Used Smartphone Industry is consolidated with a few online platforms. These online platforms either adopt inventory holding model or consignment-based model.
These players compete amongst each other on the basis of business model, value added services and brand value. The offline players have a large presence on social media, especially on Facebook and Instagram. They post about all their products with their prices as well as other promos and discounts. The report provides a cross comparison of top players in the online platforms as well as top offline players.
Key Segments Covered in Indonesia Used Smartphone Market
By Type of Distribution Channel
By Type of Marketing Channel
By Source of Lead Generation
By Sourcing Medium
By Type of Sales
By Brand of Smartphones
By Age of Smartphones
By Price of Smartphones
By Purchases Across Geographies
By Type of Network
By Battery Capacity
By Operating System
By Screen Size
Time Period Captured in the Report:
Used Smartphone Industry Players
For more information about this report visit https://www.researchandmarkets.com/r/g06pn8
Research and Markets
For E.S.T Office Hours Call +1-917-300-0470
U.S. Fax: 646-607-1907
View original content:https://www.prnewswire.com/news-releases/indonesia-used-smartphone-market-report-2022-2026-featuring-laku6-jagofoncom-shopee-tokopedia-bukalapak-olx-carousell-erafone-sentra-ponsel-digimap-renan-store-ekacelluler-301631981.html
SOURCE Research and Markets