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Thailand Used Smartphone Market is Expected to Reach More Than USD ~2.5 bn by 2027F Owing to Adoption of 5G network and a High Proportion of Low- to Mid-Income Consumers: Ken ResearchGURUGRAM, India, Feb. 6, 2023 /PRNewswire/ -- The used smartphone industry is fragmented with the majority of unorganized smartphone dealers in Thailand. ~55.5% of used smartphones are sold by offline players in Thailand. Compasia is one of the largest online marketplaces for used smartphones. 
Increasing Prices of Raw Materials of a New Smartphone: Chipmakers are increasing manufacturing fees, leading to pricier chipsets and devices that employ them. This means that new smartphones, computers, and other electronics cost more in the future. Ultimately, helping the used smartphones market grow in Thailand. Reduction in Electronic Waste: People around the world are taking steps to preserve natural resources and recycle products. Using used smartphones reduces electronic wastes. Although about 70% of mobile phones are reusable, only about 20% of mobile phones are recycled each year. Positive Impact of Adopting 5G Network: Increasing smartphone penetration along with digital transformation due to the adoption of 5G network are the main growth drivers of this industry. More than 56 million people in Thailand use smartphones. 5G speed is 10 times more than 4G network. Hence, adoption of 5G in used smartphones will enable faster speed, low latency, and ubiquitous coverage. High Proportion of Low- to Mid-Income Consumers: Thailand consumers are known to be price-sensitive and often make extensive searches to find the best value possible. This is mainly due to a high proportion of low- to mid-income consumers in the country. Analysts at Ken Research in their latest publication- "Thailand Used Smartphone Market Outlook to 2027F- Driven by increasing smartphone penetration, reduction in electronic waste and adoption of 5G network" by Ken Research provides a comprehensive analysis of the potential of the used smartphones market in Thailand. Reduction in electronic waste and increasing prices of raw materials of a new smartphone are expected to contribute to the market growth over the forecast period. Thailand used smartphones market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F. Key Segments Covered:- Segmentation by Type of Distribution Channel
Segmentation by Type of Marketing Channel:
Segmentation by Source of Lead Generation:
Segmentation by Type of Sales
Segmentation by Type Battery Capacity
To learn more about this report Download a Free Sample Report Segmentation by Age of Smartphone
Segmentation by Sourcing Medium
Segmentation by Type of Network
Segmentation by Operating System
Segmentation by Price of Used Smartphone
Visit this Link :- Request for custom report Key Target Audience
Time Period Captured in the Report:-
Companies Covered:- Online Players -
Omni Channel Players -
Classified Platforms -
Payment Gateways/Partners -
E-Commerce platforms –
Key Topics Covered in the Report
For more insights on the market intelligence, refer to below link:- Thailand Used Smartphone Market Related Reports By Ken Research:- The market size is expected to grow at a five-year CAGR of ~9% by 2026. 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. According to Ken Research estimates, Malaysia Used Smartphone Market– which grew at a CAGR of 12.8% in the period of 2016-2021 – is expected to grow at a CAGR of 14.9% in the forecasted period of 2022F-2026F, owing to increasing smartphone and internet penetration along with digital transformation due to the adoption of 5G network, a high proportion of low- to mid-income consumers and rising prices of new smartphones. The Malaysian government's initiatives have provided stimulus to boost the economy by going digital in multiple aspects of life. Since there is an increase in the popularity of used smartphones, the prices of handsets have been gradually increasing. Around 20.0% of Malaysia's total population sold their phone after using it in 2021. The market size is expected to grow at a five-year CAGR of ~9% by 2026. 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. Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Logo : https://mma.prnewswire.com/media/661352/Ken_Research_Logo.jpg SOURCE Ken Research 
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