Mobile Phone Accessories Market Size & Share, by Product Type (Power Bank, Batteries, Selfie Sticks, Chargers, Portable Speakers, Headsets); Packaging (Folding Cartons, Boxes & Bags, Pouches, Trays); Price Point (Premium, Medium, Lower); Distribution Channel (Electronic Stores, Franchise, Retail, Online) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Global Mobile Phone Accessories Market Definition

Any hardware that is not essential to the operation of a mobile smartphone as tailored by the manufacturer is considered a mobile phone accessory. The major purpose of these phone accessories is to protect the phone from dust, elements, falls, and debris. For instance, a phone cover serves to safeguard our cell phone from exterior damage and other types of damages. Whereas, some phones include a stylus as an accessory, which is a digital pen designed for use on specific touchscreens.

Global Mobile Phone Accessories Market: Key Insights

Global Mobile Phone Accessories Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global mobile phone accessories market is estimated to garner a revenue of ~USD 180 Million by the end of 2035 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 93 Million in the year 2022. The growth of the market is primarily attributed to the significantly increasing number of mobile phone users globally, along with the increasing surge of efficient safeguarding of mobile phones. For instance, the number of smartphone users in 2019 was estimated to be around 2.5 billion while the number is further anticipated to rise by around 1 billion by the year 2040.

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Furthermore, the global mobile phone accessories market is also projected to grow on the back of rising sales of back covers and stylus during the forecast period. For instance, in 2018, around 75% of smartphone users were observed to be using protective cases. Additionally, global mobile phone accessories market trends such as the rising adoption of e-commerce, and the growing urban population are anticipated to hike the market growth over the forecast period. For instance, nearly 4.5 billion people were noticed to be living in urban areas in 2021 across the globe which is further expected to reach 6.5 billion by the year 2050. Hence, such factors are projected to influence the market growth positively over the forecast period.

Global Mobile Phone Accessories Market: Growth Drivers and Challenges

Growth Drivers

• Rising Prevalence of E-Commerce - It was observed that more than 1.5 billion people purchased goods online in 2020 across the 24 million E-Commerce sites. In the modern era, people prefer online mediums to buy goods than personally visiting the place. Owing to the higher prevalence of the internet, the e-commerce industry is growing exponentially. Moreover, people have a wide range of options on online sites to purchase mobile phone accessories since they can be ordered from anywhere across the globe. Hence, such a demand is projected to foster the growth of the market over the forecast period.

• Spiking Number of Social Networks Users - As of 2022, around 55% of the world’s population is estimated to be using social media.

• Skyrocketing Sales of Truly Wireless Stereos – For instance, the unit share sales of truly wireless stereos were projected to be at around 12% in 2020 which increased to approximately 18% in 2021.

• Mounting Disposable Income Across the Globe - The disposable income of different nations is rising exponentially. For instance, the disposable income of India was estimated to be around 200 lack crore for the year 2020-21.

• Higher Number of Internet Users - The number estimated of people using the internet was approximately 4.5 billion in 2022.

Challenges

• Higher Number of Fake Products - It is difficult to determine the legitimacy of a mobile phone accessory just on its appearance. Consumers, who are seeking low-cost labeled accessories frequently purchase fake products, the profits of which do not benefit the brand. Mobile phone accessory manufacturers suffer enormous losses as a result of fake products, which reduces investment in smart mobile accessory research and development. Hence, such fake products sale in market is anticipated to hinder the market growth over the forecast period.

• Higher Cost Associated with the Phone Accessories

• Lack of Durability of the Product

The global mobile phone accessories market is segmented and analyzed for demand and supply by packaging into folding cartons, boxes & bags, pouches, trays, and others, out of which, the folding cartons segment is projected to witness noteworthy growth over the forecast period. The growth of the segment is estimated to the escalating utilization of folding cartons in multiple industries, along with the growing production of packaging paper. For instance, over 350 million metric tons of packaging paper were produced in 2020 across the globe.

Global Mobile Phone Accessories Market Regional Synopsis

The North America mobile phone accessories market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035 on the back of the growing number of personal electronics, along with the rising count of mobile phone users over the forecast period. For instance, the number of mobile phone users in the USA was projected to be around 300 million in 2020 while the total shipment of smartphones was estimated to be approximately 150 million in 2021. Additionally, the rising number of internet users, and growing disposable income in the region is further expected to hike the growth of the market over the forecast period.

Market Segmentation

Our in-depth analysis of the global mobile phone accessories market includes the following segments:

Top Featured Companies Dominating the Global Mobile Phone Accessories Market

• Lava International

  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis

• Kingston Technology Corporation
• Sony Corporation
• Plantronics, Inc.
• GN Group
• Samsung Electronics Co., Ltd.
• Harman International Industries, Incorporated
• Apple Inc.
• Micromax Informatics
• Skullcandy Inc.