Phone accessories

According to Verified Market Research, Global Mobile Phone Accessories Market was valued at USD 224.6 Billion in 2018 and is projected to reach USD 284.05 Billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026.

NEW YORK, October 29, 2019 /PRNewswire/ — Mobile Phone Accessories Market by Product Type (Battery, Headset/Earphone, Portable Speaker, Charger, Memory Card, Protective Case, Power Bank, Battery Case and Others), Distribution Channel (Online and Offline) and Price Range (Premium, Mid, and Low): Global Opportunity Analysis and Industry Forecast, 2019-2026

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The global mobile phone accessories market has been valued at $224.6 billion in 2018, and should reach $284.05 billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026. Mobile phone plays an important role in modern daily life. Today, phones allow their users to access the Internet, take photos and listen to music, as well as have storage devices. The global mobile phone accessories market is expected to witness significant growth in the future, owing to increasing purchasing power and changing lifestyles of people.

Rapid technological advancements in smartphones, powered by AI, sensors and more, have made them an important part of our personal and professional lives. In today’s digital age, we are highly dependent on our smartphones for various daily personal and business activities. For example, today, the payment of our utility bills, travel and grocery expenses, etc., can easily be tracked and monitored with just one click on a smartphone. . Also, online couriers, vendors, and other vendors use it to track products or locations, and for meeting purposes. . Moreover, features such as hands-free and others generate the need for headsets and earphones prompting the user to purchase these mobile accessories. In addition, the fragile frame and display screen of mobile player users also need to buy a protective case and screen protectors. These protective accessories are made in terms of design and quality to appeal to users. Therefore, increasing smartphone penetration also increases the market for mobile accessories.

The growing media and entertainment vertical has brought advanced photographic and videographic accessories for mobile phones. Imaging accessories used in smartphones such as tripods, stabilizers, phone lenses, instant photo printers and others. Additionally, the penetration of usage of social media applications such as Facebook, Instagram and others has increased the number of casual photographers, which is expected to boost the market for mobile photo and imaging accessories. Additionally, the development of miniaturization of photo and printing accessories such as the HP Sprocket Photo Printer, which provide instant prints connected to a mobile phone and can be accommodated in users’ pockets, provide ease of handling and quality. Additionally, infotainment websites and apps used in smartphones such as YouTube offer memorabilia and money to promote its users who have high-end public ratings. Therefore, the penetration of social media applications and its penetration among users is expected to drive the growth of the mobile accessories market over the projected period.

the Asia Pacific The mobile phone accessories market is expected to register the highest CAGR during the forecast period, owing to rapid technological advancements and increasing adoption of smartphones by the growing population in the region.

The global mobile phone accessories market is segmented into product type, distribution channel, price range, and region. Based on product type, the market is divided into battery, headphone/earphone, portable speaker, charger, memory card, power bank, battery case, protective case and others (USB cable and selfie stick) . Based on distribution channel, it is divided into online and offline. By price range, it is classified into premium, medium and low. Based on the region, the market is analyzed through North America, Europe, Asia Pacificand Latin America and Middle East (LAMEA).

Key players operating in the global mobile phone accessories market are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co Ltd., Plantronics, Inc., Energizer Holdings, Inc. and JVC Kenwood Corporation.

The report presents an analysis of the key strategies adopted by these players and detailed analyzes of the current trends, upcoming opportunities and restraints of the Mobile Phone Accessories market.

MAIN BENEFITS FOR STAKEHOLDERS
• In-depth analysis and dynamics of Mobile Phone Accessories market are provided to understand the market scenario.
• A quantitative analysis of current trends and future estimates from 2018 to 2026 is provided to help strategists and stakeholders take advantage of existing market opportunities.
• Porter’s Five Forces Analysis examines the competitive structure and provides a clear understanding of the factors influencing market entry and expansion.
• A detailed analysis of geographic segments helps identify profitable segments for market players.
• Comprehensive analysis of market trends, sub-segments and major revenue pockets is provided.

KEY MARKET SEGMENTS

By product type
o Battery
o Headset/Earphones
o Portable speaker
o Charger
o Memory card
o Power bank
o Battery box
o Protective case
o Others

By distribution channel
in line
or offline

By price range
o Premium
o Middle
o Low

By region
oh North America
– WE
Canada
Mexico
oh Europe
– UK
Germany
France
– Rest of Europe
oh Asia Pacific
China
India
Japan
South Korea
– Rest of Asia Pacific
o LAMEA
Latin America
Middle East
Africa

Read the full report: https://www.reportlinker.com/p05824888/?utm_source=PRN

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