China's Foldable Phone Market Booming: Huawei MateXT Leads, Honor and vivo Gaining Momentum

China's Foldable Phone Market Booming: Huawei MateXT Leads, Honor and vivo Gaining MomentumAccording to the latest quarterly mobile phone forecast report released by IDC, China's foldable phone market is in a rapid development phase. It is estimated that the shipment volume of foldable phones in China will reach about 10

China's Foldable Phone Market Booming: Huawei MateXT Leads, Honor and vivo Gaining Momentum

According to the latest quarterly mobile phone forecast report released by IDC, China's foldable phone market is in a rapid development phase. It is estimated that the shipment volume of foldable phones in China will reach about 10.68 million units in 2024, representing a year-on-year growth of 52.4%. By 2028, the shipment volume of foldable phones in China will exceed 17 million units, with a five-year compound annual growth rate of 19.8%. The report points out that Chinese manufacturers' active investment and layout in foldable phones have made China the world's largest foldable phone market. IDC predicts that China's foldable phone market will continue to occupy about 40% of the global market share in the future.

Huawei has been a major player in China's foldable phone market for a long time, leading the industry in product form, supply chain technology, and system application adaptation. Since 2020, its market share has consistently exceeded one-third. Huawei's recently released MateXT Extraordinary Master tri-fold phone, with its advancements in hardware, software ecosystem, and usage scenarios, is expected to further drive the development of the foldable phone market. Currently, the phone has garnered 5 million pre-orders on Huawei's online store.

Apart from Huawei, Honor and vivo, with their successful creations of new products focusing on lightness and versatility, have achieved market shares of 23.3% and 18.7% respectively in the first half of this year, ranking second and third. Although OPPO did not launch any new products this year, it still holds the fourth position with an 8.6% market share due to its strong product advantages. Samsung's foldable phones are facing significant competition from Chinese brands, with a market share of only 4.2%, ranking fifth.

The active layout and innovation of Chinese manufacturers in the field of foldable phones have not only driven the development of the Chinese market but also injected new vitality into the global foldable phone market. In the future, as technology continues to upgrade and application scenarios continue to expand, foldable phones will gradually become one of the mainstream mobile phone forms, and Chinese manufacturers will continue to lead the development of the global foldable phone market.