Dublin, July 14, 2021 (GLOBE NEWSWIRE) — The “Mobile Phone Accessories Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029” report has been added to from ResearchAndMarkets.com offer.
Global Mobile Phone Accessories Market was valued at USD 81.4 Billion in 2019 and is projected to reach USD 152.03 Billion by 2029, growing at a CAGR of 6.3% during the forecast period. 2021 to 2029. The world’s population is expected to reach 9.6 billion by the end of 2050 (UN data). Due to the increase in population, the general population’s preference for mobile accessories has also increased. In developing countries such as Asia-Pacific and the Middle East, owing to population growth, the demand for mobile phone accessories is expected to further drive the market. India’s population is over 1.2 billion people, of which 50% of the country’s population is under the age of 25. More than 65% of the population is under 35 years old.
Currently, mobile phone accessories are in great demand among smartphone users all over the world. The mobile phone accessories market mainly depends on the penetration of smartphones worldwide. Over the next few years, the smartphone market is expected to experience remarkable growth owing to the growing necessity and online shopping trends. Significant reduction in the selling prices of smartphones, rising trends in online video streaming, increased access to social media and others are likely to meet the demand for smartphones which will have a positive impact on the growth of the market mobile phone accessories over the forecast period.
New applications promising immense opportunities
The mobile phone accessories market offers immense opportunities for manufacturers due to the large number of mobile device users and the substantial growth in the adoption of smartphones and tablets. This is further supported by a steady decline in smartphone prices across the globe. The increase in disposable income has transformed consumer buying and spending habits, especially in urban areas. The adoption of mobile devices by young people across the world is highly driving the growth of the market. In addition, increasing internet penetration is exploding the trend of online retailing in the mobile accessories market owing to the convenience of cash on delivery option and various discounts offered by online retailers. for the products. This is expected to catalyze the growth of the global mobile phone accessories market.
The pandemic remains the game changer
Based on sales channel segmentation of mobile phone accessories market, the report segments the market on the basis of multi-brand store, single-brand store and online store. Online stores accounted for the largest revenues in the mobile phone accessories market by sales channel in 2020, mainly due to the impact of covid 19 which implemented lockdown in various countries around the world. Before covid 19, multi-brand stores had the highest percentage of market share. The multi-brand store facilitates consumer convenience and group buying advantage. Single-brand stores such as Apple stores that offer high-end accessories specifically designed around their individual brands accounted for the third-largest share in 2020.
Market penetration in Asia-Pacific
The increasing movement of people from rural to urban areas, increasing household disposable income and changing lifestyles, especially in Asian countries such as China and India, are expected to drive the growth of the global mobile phone accessories market from 2019 to 2029. The availability of fashionable and fashionable mobile phone cases, stylish and colorful earphones, rising batteries and charger replacements will drive the demand for accessories for cell phones around the world over the next few years. The Asia-Pacific mobile phone accessories market dominated with the maximum revenue share in total revenue of the global mobile phone accessories market by region in 2019. In the next few years, Latin America, The Middle East & Africa as well as Eastern Europe mobile phone accessories market is expected to flourish at a high CAGR through 2028. This is primarily driven by increasing urbanization as well as growing demographic change and the increase in personal disposable income in the regions mentioned. The mobile phone accessories market is highly fragmented and characterized by the presence of domestic and global players. Major companies are Sony, Zagg, Samsung, Apple, Griffin, Bose, Beats, SanDisk, Jabra and other players are BYD Electronics, Energizer Holding Inc, LG Chem Power Inc, HTC Inc, Panasonic, Otter, Pelican Products, BodyGuardz Products. , Plantronics, JVCKENWOOD, Strontium Technology, Transcend Information, iLUV Creative Technology, Logitech, Philips.
Historical and forecast period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.
Market revenue and CAGR are derived from primary and secondary research. Both quantitative and qualitative trends were taken into account for the extrapolation of market revenues. The derived market estimates were then validated from top-down and bottom-up strategies and primary research. The scope of the market is limited to the following segments of product categories and region.
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive Summary
2.1 Overview of the Global Mobile Phone Accessories Market
2.1.1 Global Mobile Phone Accessories Market (USD Billion), by Material Type, 2020
2.1.2 Global Mobile Phone Accessories Market (USD Billion), by Sales Channel, 2020
2.1.3 Global Mobile Phone Accessories Market (USD Billion), by Price Range, 2020
2.1.4 Global Mobile Phone Accessories Market (USD Billion), by Geography, 2020
Chapter 3 Impact of Covid 19
Chapter 4 Decision Support Database
Chapter 5 Global Mobile Phone Accessories Market Overview
5.1 Market Definition and Scope
5.2 Market Dynamics
220.127.116.11 Increase in population and increase in income
18.104.22.168 Rising Disposable Income Expected to Drive Demand for Mobile Phone Accessories
22.214.171.124 Growth in emerging economies
126.96.36.199 Increase in demand for smartphones
188.8.131.52 Accessories for wireless smartphones
184.108.40.206 Advances in picture and photography props
220.127.116.11 Emergence of e-commerce sites
18.104.22.168 Strong distribution channels
22.214.171.124 Social trends
126.96.36.199 Technological advances
188.8.131.52 Social media
184.108.40.206 Falling smartphone prices
5.3.1 Price Competition from Chinese Suppliers Squeezing Margins
5.3.2 Lack of standardization and brand awareness
5.3.3 Threat to Privacy
5.3.4 Hearing impairment
5.3.5 Competition Among Major Manufacturers
5.3.6 Low Adoption of Smartphones in Rural Areas
5.3.7 Irregularities in power distribution
5.3.8 Other issues restraining Mobile Accessories Market Growth
5.5 Market Investment Proposition by Material Type
5.6 Competitive Landscape
5.6.1 Positioning and Share of Smartphone Accessories Market Players by Market Presence
5.6.2 Strategies adopted by major vendors
Chapter 6 Global Mobile Phone Accessories Market Size by Product Type
6.1.1 Market Share Analysis, by Material Type, 2019 vs 2029 (% Value)
6.2 Mobile Phone Protective Cases Market
6.2.1 Global Mobile Phone Protective Cases Market, 2019-2029 (USD Billion)
6.3 Mobile Charger Market
6.3.1 Global Mobile Phone Charger Market, 2019-2029 (USD Billion)
6.4 Mobile Phone Battery Market
6.4.1 Global Mobile Phone Batteries Market, 2019-2029 (USD Billion)
6.5 Power Bank Market
6.5.1 Global Mobile Phone Battery Market, 2019-2029 (USD Billion)
6.6 Portable Speaker Market
6.6.1 Global Portable Speakerphone Market 2019-2029 (USD Billion)
6.7 Other Mobile Phone Accessories Market
6.7.1 Global Other Mobile Phone Accessories Market 2019-2029 (USD Billion)
Chapter 7 Global Mobile Phone Accessories Market Size, By Sales Channel
7.1.1 Market Share Analysis, by Application, 2019 vs 2029 (% Value)
7.2 Multi-Brand Store Market
7.2.1 Global Mobile Phone Accessories Market Revenue, from Multi-Brand Store, 2019- 2029 (USD Billion)
7.3 One-Brand Store Market
7.3.1 Global Mobile Phone Accessories Market Revenue from Single Brand Store, 2019- 2029 (USD Billion)
7.4 Online store market
7.4.1 Global Mobile Phone Accessories Market Revenue from Online Store, 2019- 2029 (USD Billion)
Chapter 8 Global Mobile Phone Accessories Market, By Price Range
8.1.1 Market Share Analysis, by Price Range, 2019 vs 2029 (% Value)
8.2 Premium Range Market
8.2.1 Global Mobile Phone Accessories Market Revenue, from Premium Line Products, 2019- 2029 (USD Billion)
8.3 Mid-Range Market
8.3.1 Global mobile phone accessories market revenue from mid-range products, 2019- 2029 (USD Billion)
8.4 Low-end market
8.4.1 Global Mobile Phone Accessories Market Revenue from Low-End Products, 2019- 2029 (USD Billion)
Chapter 9 Global Mobile Phone Accessories Market, By Geography
Chapter 10 Company Profile
10.1 BYD Electronics
10.2 Energizer Holding Inc.
10.4 ZAGG Inc.
10.5 LG Chem Power Inc.
10.6 HTC Inc.
10.13 Pelican Products
10.14 BodyGuardz Products
10.15 Bose products
10.18 beats electronics
10.19 Strontium Technology
10.21 Transcend Information
10.22 iLUV Creative Technology
For more information on this report, visit https://www.researchandmarkets.com/r/x5b7g7