Used Smartphone Industry in Malaysia: Ken Research

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Malaysia Used Smartphone Market

Malaysia Used Smartphone Market is in the growing stage. It is a fragmented market which is being driven by 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.

Key Market Findings:

iPhone is the most sold used smartphone in Malaysia. iOS dominates the market in Malaysia.A government subsidy program along with relatively smoother logistics facilities drove Malaysia’s market in 2021.Majority of the people who buy used smartphones prefer to buy second-hand phone that is only 1-year-old. Buying a smartphone at an early life enables the subsequent user to get the maximum benefits from it.

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Growing Demand for Used Smartphones in Malaysia: The growing digitization, virtual classes, remote working, virtual socialization during Covid-19 pandemic led to smartphones being an indispensable part of life. Integration of technology and digital solutions required compatibility of devices with 5G technology, and it became a driving factor for the rise in sales in the smartphone market. However, as the proportion of low- to mid-income consumers is quite high, they prefer to go on online platforms offering refurbished and second-hand smartphones with discounts instead on new smartphones. This in turn has led to an increase in demand for used smartphones in Malaysia.

Rising Average Price of Used Smartphones: As the price of new smartphones have increased, people have started to buy used smartphones as they are affordable. The average price of used smartphones is expected to increase due to a robust demand in the future. Used devices continue to provide cost-effective alternatives to both consumers and businesses that are looking to save money when purchasing a smartphone. Vendors such as Apple, Samsung, and Xiaomi have implemented their own programs with aggressive trade-in offers compared with other channels.

Rising environmental awareness: People around the world have started taking steps to preserve natural resources and use recycled products. Only about 20.0% of mobile phones are recycled each year in Malaysia. Another step being taken by people in Malaysia is buying used smartphones. This will lead to the reduction in electronic wastes as well as the growth of the Used Smartphone Industry 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 adoption of 5g network” by Ken Research observed that Malaysia Used Smartphone Market is in the 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 the 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

UnorganizedOrganized

By Marketing Channel

Offline DealersClassifiedOnline Marketplace

By Source of Lead Generation

Dealership Walk-insOnline

By Sourcing Medium

Retail CustomersBusinessesTelephone OperatorsOEM’s

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By Type of Sales

B2CC2C

By Brand of Smartphones

AppleSamsungXiaomiOthers

By Age of Smartphones

0-12 months12-24 months24-36 months36-48 months>48 months

By Price of Used Smartphones

Lower end phoneMid-range phoneUpper end phonePremium phone

By Purchase across Major Cities

Kuala LampurSeberang PeraiPetaling JayaOthers

By Type of Network

2G3G4G5G

By Battery Capacity

<3000 mAh3000-5000 mAh>5000 mAh

By Operating System

AndroidiOSOthers

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By Screen Size

<4.5 inch5-5.5 inch>5.5 inch

Key Target Audience

Smartphones companiesNetwork ProvidersGovernment Bodies and Regulatory AuthorityFintech CompaniesInvestors and FinanciersSmartphones Service ProvidersCell Phones IndustriesVenture CapitalistSmartphones ManufacturersExisting Cell Phone CompaniesNew Market Entrants

Time Period Captured in the Report:

Historical Period: 2016-2021Base Year: 2021Forecast Period: 2022F– 2026F

Companies Covered:

Online Marketplaces

LazadaShopeeCompAsiaPG MallmycomFacebook marketplacesHalomobileTakumikoAlibabaHarvey NormanAllo Allo

Offline Players

Factory Mobile Dataran AustinSG World & FinanceMobile Wholesale CityBerry Nice EnterpriseSS SolutionSam Digital EnterpriseMachines Suria KLCC Apple Premium Reseller StorenextfoneAPR Electronic Services Sdn. Bhd.

Classified Platforms

KaskusCarousellOLXAdpostAdsglobeFree Ads Time

Omnichannel Players

AppleXiomiHuaweiSamsungOppoOneplusVivoRealMe

Key Topics Covered in the Report

Malaysia’s Smartphone User LandscapeMalaysia Used Smartphone Market AnalysisEcosystem of Malaysia Used Smartphone MarketMalaysia Used Smartphone Industry Market SizeMalaysia Used Smartphone Industry Market SegmentationValue Chain Analysis of Malaysia Used Smartphone MarketBusiness Cycle and Genesis of Online Players in Malaysia Used Smartphone MarketCompetition Scenario of Malaysia Used Smartphone MarketMalaysia Used Smartphones Market Size Future Outlook and ProjectionsIssues and Challenges in the Malaysia Used Smartphone MarketEnd User Analysis of Malaysia Used Smartphone MarketIndustry Analysis of Malaysia Used Smartphone MarketTrends and Developments in Malaysia Used Smartphone MarketSWOT Analysis on Used Smartphones market in MalaysiaGrowth Drivers of Malaysia Used Smartphone MarketGovernment Rules and Regulations in Malaysia Used Smartphone MarketImpact 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