Folding Mobile Phones Market Report

Market Insights

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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What is a Folding phone?

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

Key players operating in the global Folding Mobile Phones market are-

• 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).

Market Dynamics

Expanding gaming industry is likely to spur the market growth at a significant rate in the coming years.

• Increasing adoption of technically advanced smartphones coupled with rising awareness and high per capita disposable income of the consumers is likely to fuel the demand for folding mobile phones.
• Superior benefits associated with the product such as portability, durable & larger screen, and flexible multi-tasking is expected to boost the product demand further.
• Further investment in R&D to develop folding phones with innovative designs is witnessed to create lucrative opportunities for the market players.
• However, the high cost associated with the product is likely to hamper the growth of the folding mobile phone market.

Market Segmentation

End User Trends

"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.

Regional Trends

"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.  

COVID-19 Impact on Global Folding mobile phones Market

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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Critical Questions Answered in the Report

• What are the key trends in the global folding mobile phones market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global folding mobile phones market?
• What are the key strategies adopted by the major vendors to lead in the global folding mobile phones market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the Folding mobile market hopes to have the greatest opportunity to convert-

• Folding mobile phones vendors
• Folding mobile phones retailers
• Folding mobile phones manufacturers
• Organization
• Government bodies

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