Knowledge Academy | What are the aftermarket services and development trends of 3C leasing?

The new leasing market, with its flexible and convenient features, provides a broader market channel and user base for consumer goods such as 3C digital products. The aftermarket services for 3C leasing further extend the product lifecycle by offering value-added services like maintenance, repair, and recycling. These services not only enhance the user leasing experience but also promote the sustainable development of the new leasing market and the efficient integration of the industrial chain.

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🌟 How big is the new leasing market?

In terms of GMV, China's new leasing industry reached 15.27 billion yuan in 2023, showing strong growth momentum. It is expected that from 2024 to 2028, the compound annual growth rate will reach 80.3%, indicating rapid market expansion.

📱 What are 3C leasing aftermarket services?

3C leasing aftermarket services refer to various services provided after the completion of a 3C product (computers, communication devices, and consumer electronics) leasing transaction. These services cover all the follow-up needs of consumers leasing 3C products, including maintenance, repair, upgrades, recycling, second-hand market transactions, insurance services, and asset management. They aim to meet consumers' various demands throughout the leasing process, from start to finish, providing comprehensive services.

🚀 What are the driving forces behind market development?

1. Sharing Economy and Rent Instead of Buy 🤝: With the popularity of the sharing economy, more and more consumers are choosing to lease rather than purchase.

2. 5G Technology and New Smartphone Features 📶: The promotion of 5G technology and the launch of new feature-rich smartphones have sparked strong consumer demand for high-end devices.

3. Industry Competition and Service Innovation 🏅: Differentiated services and comprehensive business models have become key for companies to stand out in fierce competition.

📖 Keeping up with the latest trends in China's 3C leasing market helps us better understand market dynamics, seize opportunities, and provide consumers with a superior leasing experience.