According to SPER Market Research, Pre-owned mobile phones are available for purchase and sale on a market in Indonesia. The second-hand smartphone market has become a popular alternative to buying brand-new technology in Indonesia, a populous developing country with a high need for affordable cell phones. Many Indonesians decide against buying modern technology or are unable to do so because of the exorbitant cost. Due to this, a sizeable used smartphone market that is driven by price has emerged. A lot of people are also interested in purchasing older smartphone models that may not be easily accessible as new devices or that may be more affordable on the second-hand market. A variety of online and offline outlets, including as e-commerce websites, social media forums, and physical storefronts, serve the used smartphone market in Indonesia. Users can select from a selection of used smartphones on these websites, with prices often ranging from a few hundred thousand to several million rupiah, depending on the model, age, and other elements.
Indonesia Used Smartphone Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
One of the biggest challenges facing Indonesia’s used smartphone market is ensuring the items being sold are genuine and of excellent quality. Because there are so many fake or counterfeit products available on the market, many individuals are reluctant to purchase outdated cell phones from dubious vendors. Reputable dealers typically offer warranties and guarantees to reassure customers about the calibre and originality of their products. Despite these obstacles, as more individuals explore for less expensive alternatives to brand-new technology, it is projected that Indonesia’s market for used smartphones would grow. Due to the quick pace of technological change and the frequent release of new smartphone models, Indonesian consumers seeking affordable mobile technology are expected to continue to favour the second-hand smartphone market.
The used smartphone market in Indonesia has been significantly impacted by the COVID-19 pandemic. The economic challenges faced by many people have resulted in an increased demand for affordable devices, including used smartphones. This has been further facilitated by the closure of physical stores during the pandemic, which has led to a shift towards online shopping, including the sale of used smartphones. Consequently, there has been growth in online marketplaces that specialize in the sale of used devices, such as OLX and Bukalapak.
Despite the growth of the online market, the pandemic has also presented challenges for the used smartphone market in Indonesia. The closure of factories and disruptions in supply chains have caused a shortage of components, thereby limiting the availability of used smartphones. As a result, the demand for used smartphones has exceeded the supply, which has led to an increase in prices.
Indonesia Used Smartphone Market Key Players:
The market study provides market data by the competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bukalapak, Carousell, DigiMap, Ekacelluler, Erafone, Jagofon.com, Laku6, Olx, Renan Store, Sentra Ponsel, Shopee, Tokopedia.
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Indonesia Used Smartphone Market Segmentation:
By Type of Distribution Channel: Based on the Type of Distribution Channel, Indonesia Used Smartphone Market is segmented as; Organized, Unorganized.
By Type of Marketing Channel: Based on the Type of Marketing Channel, Indonesia Used Smartphone Market is segmented as; Classifieds, Offline Dealers, Online Marketplace.
By Source of Lead Generation: Based on the Source of Lead Generation, Indonesia Used Smartphone Market is segmented as; Dealership Walk-ins, Online.
By Sourcing Medium: Based on the Sourcing Medium, Indonesia Used Smartphone Market is segmented as; OEM’s, Telephone Operators and Businesses.
By Type of Sales: Based on the Type of Sales, Indonesia Used Smartphone Market is segmented as; B2B, B2C.
By Brand of Smartphones: Based on the Brand of Smartphones, Indonesia Used Smartphone Market is segmented as; Apple, Oppo, Samsung, Xiaomi, Others.
By Age of Smartphones: Based on the Age of Smartphones, Indonesia Used Smartphone Market is segmented as; -12 Months, 12-24 months, 24-36 Months, 36+ Months.
By Type of Network: Based on the Type of Network, Indonesia Used Smartphone Market is segmented as; 2G, 3G, 4G.
By Battery Capacity: Based on the Battery Capacity, Indonesia Used Smartphone Market is segmented as; < 3000 mAh, 3000-5000 mAh, >5000 mAh.
By Generic Drugs: Based on the Generic Drugs, Indonesia Used Smartphone Market is segmented as; Branded Generic, Generic-Generic.
By Region: This report also provides the data for key regional segments of Jakarta, Java, Sumatra, and Others.
This study also encompasses this market’s various drivers and restraining factors for the forecast period. Various growth opportunities are also discussed in the report.
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