lucentpartsChina’s mobile phone repair market size will reach about 30 billion yuan in 2024
In the first quarter of 2023, China’s smartphone market shipments were about 65.44 million units, down 11.8% year-on-year.phone display manufacturers
Since 2022, shipments have fallen by more than 10% year-on-year every quarter.iphone camera
As the replacement cycle continues to lengthen, more and more consumers have adopted a fixed mindset: mobile phones no longer need to be replaced frequently, and their use for 3 or 4 years is becoming more and more common……
The average repair rate of mobile phones in China is between 10% and 15%. Therefore, the number of mobile phones needing repair each year may exceed 40 million.
Assuming that the average cost of mobile phone repair is 300 yuan, the annual size of this market may reach 12 billion yuan, and this figure is increasing year by year.
