BANGALORE, India, October 8, 2020 /PRNewswire/ — According to the latest market research report “mobile phone accessories market by product) battery, battery cases, chargers, headphones, memory card, portable speaker, power bank and protective case), by distribution mode (online, offline) and Region – Global Forecast to 2025″, published on Appreciate the reports.
The size of the global mobile phone accessories market is expected to grow from $25,285.88 million in 2019 at $37,071.56 million by 2025 at a CAGR of 6.58%.
The major drivers for the growth of the mobile phone accessories market size are increasing usage of smartphones and seamless connectivity to the digital world.
The Mobile Phone Accessories market report includes an analytical description of the market size along with current trends and future estimates to outline the impending investment pockets.
Get a detailed analysis of the impact of COVID-19 on the mobile phone accessories market: https://reports.valuates.com/request/sample/360I-Auto-0Z282/The_Global_Mobile_Phone_Accessories
TRENDS INFLUENCING THE MOBILE PHONE ACCESSORIES MARKET SIZE
Rising demand for wireless accessories is supporting the growth in mobile phone accessories market size. This increase in demand is attributed to changing user preferences for listening to music on mobile devices, such as smartphones and tablets.
Rising disposable income and popularity of social networking sites in urban areas are also contributing to the growth in mobile phone accessories market size.
Rapid technological developments including the launch of noise canceling technology, Bluetooth/NFC speakers and built-in fan and light in selfie sticks are expected to fuel the market size of mobile phone accessories during of the forecast period.
MOBILE PHONE ACCESSORIES MARKET SHARE ANALYSIS
Based on revenue, The Power Bank is expected to experience the highest growth over the forecast period. The demand for power banks is expected to increase as modern mobile batteries cannot withstand heavy use.
Based on the mode of distribution, the online segment is expected to witness the highest growth over the forecast period. The recent COVID-19 is expected to further propel the growth of this segment.
Based on geography, the Asia Pacific is expected to witness the highest growth during the forecast period. This dominance is Asia Pacific is due to the increased adoption of smartphones in the region.
- Asia Pacific,
- Middle East & Africa.
MOBILE PHONE ACCESSORIES MARKET SEGMENTATION
By method of distribution
BEST COMPANIES IN THE MOBILE PHONE ACCESSORIES MARKET
With regular releases of products incorporating new features, the market is very competitive. Consumers can choose from a wide variety of product options due to the compatibility and interchangeability of cell phone accessories.
The growing demand for cell phone accessories and high product profit margins have led many existing players to launch their own accessories for the cell phone industry. Major players are spending a lot to develop innovative accessories to gain share in mobile phone accessories market.
- Panasonic Company,
- Sennheiser Electronic GmbH & Co. KG,
- Sony Company,
- Samsung Electronics Co., Ltd.,
- Apple Inc.,
- Bose Corporation,
- BYD Co Ltd.,
- Plantronics, Inc.,
- Energizer Holdings, Inc.,
- JVC Kenwood Corporation.
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The report answers questions such as:
- What is the market size and forecast of the global mobile phone accessories market?
- What are the inhibiting factors and impact of COVID-19 on the global mobile phone accessories market during the forecast period?
- What are the products/segments/applications/areas to invest in during the forecast period in the Global Mobile Phone Accessories Market?
- What is the competitive strategic window for opportunities in the Global Mobile Phone Accessories Market?
- What are the technology trends and regulatory frameworks in the global mobile phone accessories market?
- What are the modes and strategic moves considered suitable for entering the global mobile phone accessories market?
- U.S. mobile phone accessories market
The size of the US mobile phone accessories market is expected to reach $29.10 billion in 2018 at $75.62 billion by 2026, growing at a CAGR of 13.6% from 2019 to 2026.
Due to increasing spending power and improving lifestyle of the masses, the US mobile phone accessories market size is expected to witness substantial growth from 2018 to 2025. During the forecast period , the Bluetooth speaker segment is expected to register the highest CAGR.
- mobile phone charger market
The Global Mobile Phone Charger Market Size is Expected to Reach $7685.2 million by 2026, $6361.8 million in 2020, at a CAGR of 3.2% over the period 2021-2026.
- mobile phone protective cases market
- mobile phone battery market
- Memory card for the mobile phone market
- mobile phone wireless charger market
View full report: https://reports.valuates.com/market-reports/QYRE-Othe-4I318/power-banks
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