Mobile Phone Accessories Market size is slated to cross USD 180 Million by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of mobile phone accessories was over USD 93 Billion. 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.
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 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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
7% |
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Base Year Market Size (2022) |
USD 93 Million |
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Forecast Year Market Size (2035) |
USD 180 Million |
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Regional Scope |
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Packaging (Folding Cartons, Boxes & Bags, Pouches, Trays)
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.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Packaging |
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By Price Point |
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By Distribution Channel |
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North America Market Forecast
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.
Sony Corporation entered into a strategic agreement with Niantic, Inc. to develop auditory AR for headphones. These headphones are projected to be attached to a technology that allows users to enjoy sounds from the real and virtual world at the same time.
Lava International launched budget fit earphones, Groove Fit. Groove Fit comes with a comfortable grip, portability, durability, and superior sound. Groove Fit earphones are capable to give an extraordinary experience to the users.
Author Credits: Abhishek Verma, Hetal Singh
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