OREGAON, PORTLAND, USA, August 18, 2022 /EINPresswire.com/ — Allied Market Research released a report titled “mobile phone accessories market by product type (battery, headphones/earphones, portable speaker, charger, memory card, protective case, power bank, battery case, screen protectors, popsockets and others), distribution channel (online and offline) and price range (Premium, Mid and Low: Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global mobile phone accessories industry was estimated at 224.69 billion in 2018 and is projected to reach $284.06 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026.
Drivers, constraints and opportunities –
Rising usage of smart mobile phones, emergence of smart wireless accessories, and advancements in gaming accessories are driving the growth of the global mobile phone accessories market. On the other hand, the high penetration of counterfeit products and the trade war among developed countries are hampering growth to some extent. However, technological developments in imaging and photographic accessories are expected to pave the way for lucrative opportunities in the industry.
• The outbreak of the pandemic has led to supply chain distortion across the globe, production and manufacturing facilities have also been disrupted in majority of countries, which has negatively impacted the global market for mobile phone accessories.
•However, as the global situation returns to normal, the market should recover quickly.
The rise of the 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.
The Covid-19 outbreak has had a significant effect on the world. Some sectors have thrived during the pandemic while others have suffered huge losses. In accordance with restrictions and guidelines issued by the World Health Organization (WHO), the majority of manufacturing and production facilities were closed or operating at low capacity. In addition, the prolonged confinement has created difficulties in the supply of raw materials. These factors create a huge gap between supply and demand and disrupt the supply chain. However, as the world recovers from the pandemic, the mobile phone accessories market is expected to get back on track.
Key market segments include:
By product type
• Portable speaker
• Power bank
• Protective case
• Screen protectors
• Pop sockets
By distribution channel
By price range
The global mobile phone accessories market trends are analyzed on the basis of various segments including product type, distribution channel, price range, and region. By product type, the market is split into Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Power Bank, Battery Case, Protective Case, Screen Protectors, Popsockets and Others (USB Cable and selfie stick). By distribution channel, it is divided into online and offline. By price range, it is segmented into premium, medium and low. By region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America and the Middle East (LAMEA).
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The research offers a detailed analysis of the global Mobile Phone Accessories market for each region. The regions analyzed in the study include North America (United States, Canada and Mexico), Europe (Germany, United Kingdom, Russia, Spain, France and Italy), Asia-Pacific (China, Japan, Korea, India and rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa). The data and statistics mentioned in the research are valuable in determining strategies such as expanding into specific regions and exploring untapped potential in different markets. AMR also offers customization services for specific region and segment as per customer requirements.
Main benefits for stakeholders:
• This study includes an analytical description of the global Mobile Phone Accessories market size along with current trends and future estimates to outline the impending investment pockets.
• Global mobile phone accessories market analysis is determined to understand profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints and opportunities with detailed impact analysis.
• Current mobile phone accessories market forecast is quantitatively analyzed from 2012 to 2025 to assess financial proficiency.
•Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the industry.
• The report includes the market share of major vendors and market trends.
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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. Major players are spending a lot to develop innovative accessories to gain share in mobile phone accessories market.
The rapid growth in the use of cell phones, headphones, and portable music players has increased the use of wireless accessories, which has led to many adverse effects on hearing. Prolonged use of headphones at high volume limits has caused temporary and permanent sensory damage, which limits market growth.
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