The global mobile phone accessories market is segmented into product type such as battery, charger, power bank, earphone/headphone, memory card, mobile phone cases, mobile phone protective cases, mobile phone battery cases and others. Among these segments, mobile phone cases market is expected to occupy the top position in the market. The demand for mobile phone cases market is increasing on account of increasing disposable income and strong desire among youngsters for mobile phone cases and cover with striking features.
The global mobile phone accessories market is expected to register a CAGR of 4.1% in terms of volume over the forecast period. In the terms of volume, the market of mobile phone accessories was 10,466.4 million units in 2016. The market is expected to expand on the back of the rising adoption of smartphones.
By distribution channel, multi-brand store is estimated to reach 6,128.0 million units by the end of 2023. Moreover, this distribution channel is expected to account for the largest share in the total volume all across the globe. The shift of the customers from the single brand store to multi brand store and increasing demand for diverse range of mobile phone accessories is contributing towards the largest share of the segment in the global mobile phone accessories market.
Increase in Disposable Income
The rising disposable income is expected to positively impact the market growth of mobile phone accessories. Further, per capita national income of India, China and Brazil has increased in recent years. Increasing per capita income has improved the lifestyle of the people and has spurred the growth of the mobile phone accessories market.
Technological Innovation in Mobile Phone Accessories
The technological innovation is leading to the increased adoption of the mobile phone accessories across the globe. Mobile phone accessories market is a dynamic market, with new products and new features being introduced due to the changing preferences of the customers. Moreover, the availability of the technologically advanced mobile phone accessories is further propelling the growth of the market. The introduction of the wireless mobile phone accessories such as wireless headsets and chargers is further fostering the growth of the market.
Although, low priced local accessories, counterfeiting and threat of piracy are some of the factors that are likely to inhibit the growth of the mobile phone accessories market in the near future.
The report titled “Global Mobile Phone Accessories Market Outlook 2023” delivers detailed overview of the Global Mobile Phone Accessories Market in terms of market segmentation by product type, by distribution channel, by price range and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the Global Mobile Phone Accessories Market which includes company profiling of Samsung, LG, Pansonic, Anker, Vinsic, Lenovo, Beats (Apple), Philips, Sony, Senheiser, SanDisk, Transcend, Strontium, Otterbox, Griffin, Case-Mate, Belkin, Mophie. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global Mobile Phone Accessories Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.