NEWARK, Del: , Oct. 21, 2022 (GLOBE NEWSWIRE) — The world mobile phone accessories market is expected to reach a valuation of US$177.13 million by 2032, with demand growing at a positive CAGR of 6.7% from 2022 to 2032. Valued at US$86.6 million in 2021, the target market will reach approximately US$92.61 million in 2022. Increased usage of smartphones and prevailing digitalization are driving the growth of mobile phone accessories market.
Mobile phone accessories are additional elements that guarantee greater functionality of smartphones. Chargers, screen protectors, cases, power banks, cables, listeners, batteries, pop sockets, mounts and holders, memory cards, speakers and many more fall under the category of mobile phone accessories. These products appeal to consumers by making them more compatible and making it easier for them to access their mobile phones.
Additionally, technological improvements coupled with the need for effective maintenance of mobile phones are contributing to the growth of the global mobile phone accessories market. The high market penetration of smartphones and different handheld mobile devices is further fueling the growth of the global mobile phone accessories market. Again, there have been steady advancements in mobile phone technology, and with its increasingly diverse use, mobile application accessories are increasingly in demand. Additionally, mobile accessories help improve user experience and accessibility and support different technological advancements. All these considerations contribute to the growth of the target market over the forecast period.
“Advancements in technology and popularity of wireless technology are likely to propel the global mobile phone accessories market growth over the forecast period,” says an IMF analyst.
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Key points to remember:
- North America will provide several profitable opportunities for the mobile phone accessories market.
- Food banks will see strong demand in North America.
- The United States will account for 78% of the overall market share.
- Audio industry will propel market growth in UK
- The presence of massive manufacturing units in China presents lucrative prospects for the target market.
- The rapid adoption of 5G will generate new opportunities for the target market in India
Samsung Electronics Co., Ltd., Logitech International SA, Harman International Industries, Incorporated Plantronics, Inc., Sony Corporation, Apple Inc., Skullcandy Inc., Incipio Group, Western Digital Corporation, Kingston Technology Company Inc., Cambridge Soundworks Inc. , Bscstore Inc., The Case Factory, TYLT, Ballistic, Moftware Inc., Seidio Inc., SincoCase International Industrial, Case Mate Inc., and GN Group, among others, are some of the major mobile phone accessories market players profiled in the full version of the report.
Major market players are focusing on R&D efforts and product innovation to increase their consumer base. These companies are implementing technological advancements in their products and launching new products to strengthen their position in the market.
More information about the mobile phone Aftermarket Report
In its latest report, FMI offers an unbiased analysis of the Global Mobile Phone Accessories Market, providing historical data from 2016 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market,
The market is segmented on the basis of product type (power banks, batteries, chargers (wired, wireless), protective cases and covers, headsets, portable speakers, memory cards, data cables, stands and holders, selfie stick, others (stylus)), type of packaging (mobile phone accessories in folding cartons, mobile phone accessories in transparent boxes, mobile phone accessories in pouches and bags, mobile phone accessories in clamshells, mobile phone accessories in mobile phone in blister, mobile phone accessories in trays), sale category (by brands, by third parties, by white brands/no-name brands), price range (high-end mobile phone accessories, medium mobile phone accessories, low mobile phone accessories), sales channel (mobile phone accessories in outlets (multi-brand outlets), mobile phone accessories in electrical stores ronic, mobile phone accessories in franchise outlets, mobile phone accessories in exclusive stores (brand stores), mobile phone accessories in e-commerce), and region.
According to the latest IMF reports, based on the region, North America is expected to exhibit remarkable growth in the mobile phone accessories market. Canada and the United States dominate the growth of the target market, with the United States accounting for 78% of the market share. Technological advancements, rapid digitization and deep penetration of smartphone market propel the growth of the target market in the United States
In Europe, the mobile phone accessories market is expected to experience strong growth in the United Kingdom. The constant technological advancements in different audio devices are boosting the growth of the target market in this country. Advances in wireless technology coupled with a preference for music on the go are also contributing to this growth. India and China in the Asia-Pacific region will also show notable growth in the mobile phone accessories market during the forecast period.
Key Segments Profiled Mobile Phone Accessories Industry Survey
Mobile Phone Accessories Market by Product Type:
- Power banks
- Protective cases and covers
- portable speakers
- Memory cards
- Data cables
- Mounting and Brackets
- Selfie stick
- Others (stylus)
Mobile Phone Accessories Market by Package Type:
- Mobile phone accessories in folding cartons
- Mobile phone accessories in transparent boxes
- Mobile Phone Accessories in Pouches & Bags
- Mobile phone accessories in shells
- Blister Cell Phone Accessories
- Mobile phone accessories in trays
Mobile Phone Accessories Market by Sales Category:
- By Brands
- By third parties
- By white labels/no name brands
Mobile Phone Accessories Market by Price Range:
- High-end mobile phone accessories
- Medium Cell Phone Accessories
- Cell Phone Accessories Low
Mobile Phone Accessories Market by Sales Channel:
- Mobile phone accessories at points of sale (multi-brand points of sale)
- Mobile phone accessories in electronics stores
- Mobile phone accessories in franchise outlets
- Mobile phone accessories in exclusive stores (brand stores)
- Mobile phone accessories in e-commerce
Mobile Phone Accessories Market by Region:
- North America mobile phone accessories market
- Mobile phone accessories market in Latin America
- Mobile phone accessories market in Europe
- East Asia mobile phone accessories market
- South Asia mobile phone accessories market
- Mobile phone accessories market in Oceania
- Middle East and Africa mobile phone accessories market
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1.1. Global Market Outlook
1.2. Summary of key statistics
1.3. Summary of key findings
1.4. MFI analysis and recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market definition
3. Key Market Trends
3.1. Increased use of stereo Bluetooth technology with noise canceling solutions
3.2. Global expansion of 5G technology
3.3. Protective cases and covers are gaining popularity as fashion accessories
3.4. Increasing adoption of wireless devices due to advances in wireless technology
3.5. Companies focus on R&D for new product development
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