Smartphone recycling market heats up: trade-in services are popular


As the smartphone market gets more intense and smartphones become more expensive, users are now turning to second-hand consumption. With the change of consumption concept, trade-in and second-hand consumption have become the choices of more consumers. This means that the smartphone recycling market is gradually heating up.

smartphone with removable battery

The reporter’s investigation found that recycling and new business have become standard in the mobile phone industry. At the same time, the online model has developed rapidly. The major e-commerce platforms and the official websites of smartphone manufacturers have access to the second-hand smartphone recycling and replacement business. Online and offline models such as online valuation and door-to-door recycling have also greatly improved the recycling rate.

According to industry data, the number of mobile phones in China will reach 1.856 billion in 2021. The generation and idle volume of used mobile phones are increasing year by year. This huge base has created a huge supply and potential space for the field of mobile phone recycling. Industry insiders said that although the amount of waste on mobile phones has increased year by year, enterprises are facing the dilemma of insufficient recycling. At present, the recycling rate of waste smartphone resources in China is only about 4%.

Less than 30% of new idle mobile phones enter the regular recycling field every year. This means that more than 70% of mobile phones are still idle in users’ homes, or are disposed of in a manner that is not friendly to the environment.

Global smartphone market is complex

A recent report from StrategyAnalytics shows that in Q4 2021, the wholesale revenue and average selling price of the global smartphone industry will increase by 6% and 9% year on year, respectively. Furthermore, for 2021, the wholesale revenue and average selling price of smartphones will also increase by 15% and 10% year-on-year, respectively. In terms of brands, Apple maintains its lead with a higher revenue share than last year. Samsung is second while Xiaomi, Oppo, and Vivo are third, fourth, and fifth respectively.

Apple

Honor surpassed Realme and rose to sixth place. In seventh, eighth, ninth, and tenth positions, we have Realme, Lenovo-Motorola, Huawei, and Transsion. It is interesting to see that Huawei remains in the top 10.

In addition, Apple is the manufacturer with the highest share of mobile phones above $1,000. In terms of shipments, Apple Q4 ranks first with a 22% share, followed by Samsung, Xiaomi, Oppo, and Vivo. However, in terms of shipment throughout 2021, Samsung remains in the first position.

 

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