Consumers can’t buy a new phone every time it develops a fault. That’s why consumers choose mobile phone replacement parts as the ultimate cost-saving means to restore their phones to proper functionality.
Want to know the mobile phone replacement parts worth investing in? This article explores how to identify and source the hottest replacement part trends that are sure to boost business profits in 2024.
Table of Contents
Will the mobile phone part market remain profitable in 2024?
5 mobile phone replacement parts to leverage in 2024
4 tips for choosing the right mobile phone replacement parts
Stock up on these trends
Will the mobile phone part market remain profitable in 2024?
Phone repair is more convenient and affordable than buying new devices. This is why most consumers choose this option, which pushes the market’s potential. According to experts, the global phone repair market will grow by a 5% compound annual growth rate (CAGR) from 2023 to 2030 due to the increasing time people spend on smartphones globally.
And guess which part is the most profitable? Screen repair! This segment accounted for over 65% of the revenue in 2022. Additionally, the hardware segment emerged as a dominant one in 2022, with experts predicting it will remain that way over the forecast period.
5 mobile phone replacement parts to leverage in 2024
Screens
Screens are a super important part of any phone—but it’s also the one part that often needs replacing due to wear and tear or accidental drops.
Screens help users see and interact with their phones by showing images, videos, and other content. Screens also allow consumers to navigate their phones and interact with their favorite apps.
In addition, different phones use various screen technologies to provide the best experience. Some of the most common ones include LCD (Liquid Crystal Display), OLED (Organic Light-Emitting Diode), and AMOLED (Active Matrix Organic Light-Emitting Diode).
Check out this report: research shows that over 5000 screens break every hour, meaning over 50 million consumers crack their screens yearly!
However, stocking up on replacement screens is not a one-size-fits-all venture. In truth, retailers must determine which mobile phone models they want to cater to.
Loudspeakers
Loudspeakers serve multiple purposes, including facilitating communication, enhancing multimedia experiences, and allowing hands-free functionality.
They are audio output devices built into smartphones to produce sounds, like music, phone calls, and notifications. Some phones come with dual speakers for stereo audio, which offers a more immersive experience. What’s more? Some cases see speakers with the ability to resist water and dust!
However, despite the enhanced durability, loudspeakers may still develop faults, pushing most consumers towards quick fixes, like replacing the part.
However, retailers must check a few things before purchasing loudspeakers. For instance, they must test the part’s audio quality, frequency response, sensitivity, and power handling, ensuring it matches the target phone.
Rear-facing cameras
Each smartphone features a rear-facing camera, the main medium for capturing photos and recording videos.
These cameras can get powerful, with beasts like the Samsung S ultra series boasting up to 200MP (megapixels). Most rear-facing cameras can also handle low-light capturing, auto-focusing, and Optical Image Stabilization (OIS) and impressive zooming capabilities.
Rear-facing cameras also come packed with sensors like CMOS or CCD, which help improve image quality and performance. However, these parts are not immune to damage.
Although not categorized as a common issue, accidental drops, scratches, or hardware malfunctions may damage rear-facing cameras. As a result, consumers may need replacement parts if such accidents happen—no one wants a blurry photo or the inability to capture pictures with their devices.
Front-facing cameras
Like the rear camera, front-facing variants are also necessary for capturing or taking selfies. They have additional roles—consumers use them for biometric authentication, especially on iPhones.
Front-facing cameras may not be as powerful as their rear-facing counterparts, but they can take impressive shots. They also come packed with remarkable technologies like wide-angle lenses, autofocus, beauty mode, HDR, and portrait mode.
However, they’re also susceptible to physical damage from falls and scratches. Usually, front-facing camera faults are often linked to screen damage, with some extreme situations requiring replacements.
Batteries
Batteries are very important for phones. They’re the power source, often requiring proper maintenance for consumers to get the most out of them.
Typically, phone batteries are lithium-ion (Li-ion) or lithium-polymer. However, battery capacity is the main aspect of these parts, and manufacturers measure it in mAh.
3000 to 4000 mAh batteries often deliver enough power to last for hours with intense use and possibly a day with regular use. Anything higher than 4000 mAH is a beast of a battery that offers incredible long-lasting performances. However, the actual duration before the next charge depends on the phone’s brand and power.
High-end phones typically need larger capacities because of the amount of battery-draining features they offer. While lower-end phones may use smaller batteries and offer impressive durations.
Regardless, batteries deteriorate easily, making them one of the most frequently replaced parts on the market. According to surveys, 79% of Americans replace their phone batteries over getting new devices.
4 tips for choosing the right mobile phone replacement parts
Choose between original manufacturer or after-market parts
Retailers have two supply options when purchasing mobile phone parts for sale: OEM (original manufacturer) and aftermarket. Opting for replacement parts directly from the original manufacturer is an excellent choice as it ensures product quality and increases the chances of compatibility with the phone undergoing repairs.
The second choice for acquiring parts involves purchasing from after-market manufacturers. While it may raise concerns initially, these manufacturers specialize in producing phone parts that function like original variants. And while not deemed authentic, they perform effectively.
However, choosing between OEM and aftermarket parts boils down to the cost and warranty. While opting for parts from original manufacturers may be more expensive, it often comes with guarantees for any potentially faulty components.
Unfortunately, this warranty is not available for after-market parts. Nevertheless, businesses seeking cost-saving alternatives can consider after-market manufacturers for their supply needs.
Keep the specifications of the needed parts in mind
Purchasing cell phone parts can be tricky, especially if retailers are first-time investors. Since there’s no one-size-fits-all, sellers must ensure the parts they purchase have the right specifications. For instance, they can’t buy a ½.55-inch camera sensor for a 1/1.31-inch one.
Most phone models are similar, which makes the parts also similar. So before businesses order, they must double-check that they’re getting the right parts with the correct specifications.
Purchase parts from a reputable supplier
Whether sellers purchase from original or after-market manufacturers, they must ensure the purchases come from someone reputable. Since they’re buying in bulk, retailers must buy from manufacturers that guarantee the protection of their money.
So, how can they be sure who’s a reputable manufacturer? Sellers must check their chosen manufacturer’s return policies and money-back guarantee. If it’s favorable, then such manufacturers are most likely reputable.
Stock up on these trends
Consumers who can’t purchase new phones often turn to repairs when they have damaged devices. Millions of consumers damage their phones yearly, meaning the phone repair market will remain profitable.
However, consider the factors discussed in this article to purchase the right replacement parts for target devices. Whether it’s the screen, speaker, camera, or battery, these tips will help sellers choose the most profitable replacement parts in 2024.
