DUBLIN–(BUSINESS WIRE)–The “Mobile Phone Accessories Market by Product, By Distribution Channel, By Price Range – Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to from ResearchAndMarkets.com offer.
The global mobile phone accessories market size was valued at USD 228.57 billion in 2019 is expected to reach USD 328.69 billion by 2030 growing at a CAGR of 3.30% from 2020 to 2030.
Global digitalization leads to increased reliance on smart gadgets, especially mobile phones. The enhanced connectivity spectrum tends towards higher adoption of mobile phones at the individual level, thus driving consequent growth of the mobile phone accessories market.
Market dynamics and trends
The market for mobile phone accessories is booming due to the increased adoption of mobile phones globally. According to a survey, the total number of smartphone shipments in the third quarter of 2019 reached 352.4 million units. Growing penetration of IoT and AI technologies, along with innovative technological advancements in voice recognition system, wireless audio products, clip-on headphones, as well as precise integration of voice recognition software; are driving the growth of the global market.
Additionally, rapid urbanization, rising per capita income globally, greater propensity for social networking sites, and growing demand for fashionable mobile accessories, especially from the younger generation, are expected to propel the growth of the mobile phone accessories market in the coming future.
However, increased usage of earphones resulting in hearing impairment issues and fierce competition among major manufacturers resulting in increased tariffs imposed on international trade are the factors expected to hamper the growth of the mobile phone accessories market during the forecast period.
Additionally, cutting-edge product launches by market players, growing demand for wireless accessories and fast-processing software, as well as technological advancements in imaging and photography accessories, are creating new lucrative opportunities. in the global mobile phone accessories market.
Market Segmentation and Scope of the Study:
The global mobile phone accessories market share analysis is based on product, distribution channel, price range and geography.
Based on product, the market is segmented into battery, headphone/earphone, portable speaker, charger, memory card, power bank, battery case, protective case and others. Based on the distribution channel, the market is divided into online and offline. Based on the price range, the market is divided into low, medium and premium. The geographic breakdown and analysis of each of the previously mentioned segments includes regions including North America, Europe, Asia-Pacific and ROW.
North America shows higher dominance in the global mobile phone accessories market, accounting for the highest market shares. This is attributed to factors such as the increased adoption of wireless accessories, the presence of advanced technologies, and a greater propensity for digitization.
Asia-Pacific forecasts rapid development of the global mobile phone accessories market with the highest CAGR, owing to increased internet penetration, growing adoption of smartphones and their discounted prices. Rising per capita income and advancements in product technologies are helping to complement the market growth in this region.
The highly competitive and fragmented mobile phone accessories market is made up of different market players. Major market players include Samsung Electronics, Energizer, Panasonic Corporation, Sony Corporation, JVC Corporation, BYD Inc., Beats (Apple Inc.), Sennheiser Electronics GmbH & Co. KG, Otterbox, Bose Corporation, Plantronics Pty Ltd and Technology Griffin among others.
Main topics covered:
1.1. Description of the report
1.2. Research Methodology
2. Market Overview, 2019-2030 USD Million
2.1. Market overview
3. Analysis of Porter’s Five Forces Model
4. Market dynamics
4.1. Growth engines
5. Global Mobile Phone Accessories Market, By Product Type
5.4. portable speaker
5.6. Memory card
5.7. power bank
5.8. Protective case
5.9. Battery boxes
5.10. Screen protector
6. Global Mobile Phone Accessories Market, By Distribution Channel
6.2. In line
7. Global Mobile Phone Accessories Market, By Price Range
8. Global Mobile Phone Accessories Market, By Region
8.2. North America
8.4. Asia Pacific
8.5. Rest of the world
9. Company Profiles
9.1. Apple Inc.
9.2. Bose Company
9.3. Byd Company Ltd.
9.4. Energizer Holdings, Inc.
9.5. Jvckenwood Corporation
9.6. Panasonic Company
9.7. Plantronics, Inc.
9.8. Samsung Electronics Co.Ltd.
9.9. Sony Company
9.10. Sennheiser Electronic GmbH & Co. Kg
9.11. Alibaba Group Holding Limited
9.12. Amazon.Com, Inc.
9.13. best buy
9.14. Carrefour S.A.
9.15. Walgreens Boots Alliance, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/bfahtb