Market Synopsis:
Mobile accessories refer to the products that are added to mobile phones to enhance their performance or increase convenience. This report presented by Market Research Future (MRFR) asserts that the global mobile accessories market is expected to register 8.09% CAGR across the review period 2019 to 2024. Product innovation is one of the drivers of the market. Manufacturers are focusing on the development of product lines targeted at diverse consumer segments. This ensures the broadening of the consumer base, which is supposed to augment the Mobile Phone Accessories Market in the near future.
Mobile accessories designed to protect the phone and elongate its shelf life is supposed to generate huge demand over the next few years. Phone cases and screen guards are two of the most used accessories and are anticipated to witness stellar demand over the next few years. Introduction of these protective accessories with different materials is projected to further intensify the growth rate of the mobile accessories market in the years to come.
The penetration of mobile phones is anticipated to lead the growth trajectory of the market. Digitization drive has led to the availability of communication technology even in the most remote areas. Furthermore, the rising sales of phones are expected to drive the growth of the mobile phone accessories market in the coming years. Also, the rising purchase of high-end phones has led to a rise in the demand for mobile accessories. This trend is supposed to perpetuate in the near future, thus, accelerating growth of the mobile accessories market.
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Developing economies resonate strong growth potential owing to rapid economic developments. Rapid urbanization and rising standards of living are projected to act as a growth catalyst to the mobile accessories market in the upcoming years. Also, the rising popularity of wireless accessories is poised to revolutionize the future trajectory of the market in the coming years. Increasing investments in expansion of online distribution channels are supposed to further support the growth curve of the global market.
Key Players
The prominent players in the market of Mobile Accessories are- Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), Apple Inc. (U.S.), JVC Kenwood Corp. (Japan), Plantronics, Inc. (U.S.), Bose Corporation (U.S.), Griffin Technology (U.S.), Otter Products, LLC (U.S.), Sennheiser Electronics GmbH & Co. KG (Germany) among others.
Market Segmentation:
- On the basis of price range, the segments of the mobile accessories market are low, medium, and premium.
- Based on product type, the mobile accessories market has been segmented into headphone, power banks, protective cases, portable speaker, and others.
- On the basis of distribution channel, the mobile accessories market has been bifurcated into online and offline.
Regional Analysis:
The regional evaluation of the global mobile accessories market has been included in this report that covers the assessment of the following regional segments identified – North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are also studied on the basis of countries. Asia Pacific holds the largest number of cell phone users, which is poised to support the growth of the mobile accessories market in the region. In addition, increasing penetration of internet services is also prognosticated to catalyze the expansion of the regional mobile accessories market across the evaluation period. China and India are important revenue pockets of the region. The support extended by governments to support digitization drive is anticipated to influence the market favorably in the foreseeable future.
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Intended Audience
- Accessories Manufacturers
- Smartphone Accessories Suppliers
- Phone case and display protector manufacturers
- E-commerce and Retail
- Portable battery manufacturers
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