Folding Mobile Phones Market Report
Global Folding Mobile Phones Market, Trends, Market Dynamics See less
Global Folding Mobile Phones Market, Trends, Market Dynamics
Global Folding Mobile Phones Market report is segmented By Functionality Type (Inward Fold, Outward Fold), By Operating System (Android, Windows, iOS, Others), By Distribution Channel (Retailer, Operator channel, e-Commerce), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Folding mobile phones market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.
The Global Folding Mobile Phones Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 20.3% during the forecast period.
Figure: Global Folding Mobile Phones Market Size, 2020-2026 (USD Million)
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Folding phone is a category of smartphones that can be folded in half. A flexible organic light-emitting diode display (OLED display) is the most crucial component required in the manufacturing of foldable smartphones. Foldable phones provide a larger display in a form similar to a tablet. These phones are larger & thicker than traditional smartphones and have a durable screen & tolerable battery life. Some of the best foldable smartphones available in the market are Samsung Galaxy Z Fold 2, Samsung Galaxy Z Flip 5G, Motorola Razr 5, and Huawei Mate Xs/Mate X2.
Key players operating in the global Folding Mobile Phones market are-
Expanding gaming industry is likely to spur the market growth at a significant rate in the coming years.
"Growing digitalization is likely to add to the market growth further."
Expanding investment in technologically advanced smartphones by the people especially the ones who always seek innovative products is likely to boost the product demand. The product design and compact look are expected to fuel the demand for folding mobile phones.
"Asia-Pacific region lead the global folding mobile phones market and is expected to dominate the market during review period."
Expanding electrical & electronics industry with increased spending on consumer electronics is driving the market growth. The prevalence of key market players in the region such as SAMSUNG (South Korea), LG Electronics (South Korea), Huawei (China) and Xiaomi (China) is another important factor propelling the market growth.
The COVID-19 outbreak has affected the economy across the world and has spread to over 100 countries worldwide. Governments across various countries enforced lockdown to curb the spread of pandemic. This resulted in supply chain disruptions which affected the product demand and product shipments.
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Here is the list of the group of customers that the Folding mobile market hopes to have the greatest opportunity to convert-
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The folding mobile phones market is expected to grow at a healthy CAGR of 20.3% in the foreseeable future.
Motorola Mobility LLC (The U.S.), Google LLC (The U.S.), TCL (China), SAMSUNG (South Korea), LG Electronics (South Korea), Apple Inc (The U.S.), Huawei (China), Xiaomi (China), Lenovo (China), Sony Corporation (Japan), and ZTE Corporation (China) are among the key players in the folding mobile phones market.
Asia-pacific is expected to remain dominant in the folding mobile phones market during the forecast period.
Expanding electrical & electronics industry with increased spending on consumer electronics is the prime factor driving the growth of folding mobile phones market.
Folding mobile phones vendors, Folding mobile phones retailers, Folding mobile phones manufacturers, Organization, Government bodies are the target audience in the folding mobile phones market.