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 Forecast, 2021 to 2029” the report was added to ResearchAndMarkets.com offer.
The global mobile phone accessories market was worth USD 81.4 billion in 2019 and is expected to reach USD 152.03 billion by 2029, at a CAGR of 6.3% during the forecast period of 2021 to 2029. The world’s population is expected to reach 9.6 billion by the end. 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 Middle East, due to population growth, the demand for mobile phone accessories is expected to further drive the market. India’s population has crossed 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.
At present, cell 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 all over the world. Over the next few years, the smartphone market is expected to achieve remarkable growth owing to the increasing necessity and online shopping trends. A significant reduction in the selling prices of smartphones, increasing trends in online video streaming, increasing access to social networks and the like are likely to meet the demand for smartphones, which will have a positive impact on the growth of the mobile phone accessories market during the forecast period.
New applications promise 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 drop in smartphone prices across the world. The increase in disposable income has transformed the buying and spending habits of consumers, especially in urban areas. The adoption of the mobile device among young people around the world is a powerful stimulus for the growth of the market. In addition to this, the increasing penetration of the internet is increasing the trend of online retailing in the mobile accessories market due to the convenience of the cash on delivery option and the various discounts offered by online retailers. for products. This is expected to catalyze the growth of the global mobile phone accessories market.
The pandemic remains the game changer
On the basis of the sales channel segmentation of the 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 mobile phone accessories market revenue by sales channel in 2020, mainly attributed to the impact of covid 19 which has imposed lockdowns in various countries around the world. Before covid 19, multi-brand stores held the highest percentage market share. The multi-brand store facilitates consumer convenience and group shopping benefit. Single-brand stores such as Apple stores that carry premium accessories specially 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 market. Global mobile phone accessories market between 2019 and 2029. The availability of Fashionable cell phone cases, stylish and colorful headphones, rising battery and charger replacements will drive the demand for cell phone accessories through the world over the next few years. The Asia-Pacific mobile phone accessories market dominated with the maximum revenue share in the total revenue of the global mobile phone accessories market by region in 2019. Over the next few years, Latin America, the Middle East and Africa as well as Eastern European mobile phone accessories market is expected to thrive at a high CAGR until 2028. This is mainly due to the increasing urbanization as well as the demographic development and the increase in personal disposable income in the regions mentioned. The mobile phone accessories market is extremely fragmented and characterized by the presence of national and global players. Key companies include 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 the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period 2021 to 2029.
Research methodology
Market revenue and CAGR were 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 have been further validated using top-down and top-down strategies and primary research. The market scope is limited to the following product category and region segments.
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive Summary
2.1 Portrait 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 Cell Phone Accessories Market Overview
5.1 Definition and scope of the market
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Population increase and income increase
5.2.1.2 Rising disposable income is expected to stimulate demand for mobile phone accessories
5.2.1.3 Growth in emerging economies
5.2.1.4 Increased demand for smartphones
5.2.1.5 Accessories for wireless smartphones
5.2.1.6 Advances in image and photograph props
5.2.1.7 Emergence of e-commerce commercial sites
5.2.1.8 Strong distribution channels
5.2.1.9 Social trends
5.2.1.10 Technological advances
5.2.1.11 Social media
5.2.1.12 Decrease in smartphone prices
5.3 Constraints
5.3.1 Price competition from Chinese suppliers reducing 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 Lower adoption of smartphones in rural areas
5.3.7 Irregularities in electrical distribution
5.3.8 Other issues related to the restrictive growth of the mobile accessories market
5.4 Opportunities
5.5 Market investment proposal, by type of material
5.6 Competitive landscape
5.6.1 Positioning and market share of smartphone accessories market players by market presence
5.6.2 Strategies adopted by the main suppliers
Chapter 6 Global Mobile Phone Accessories Market Size, by Product Type
6.1 Overview
6.1.1 Market Share Analysis, by Material Type, 2019 vs 2029 (% Value)
6.2 Mobile Phone Protective Cases Market
6.2.1 Global Cell Phone Protective Case Market, 2019-2029 (USD Billion)
6.3 Mobile Chargers Market
6.3.1 Global Mobile Phone Chargers Market, 2019-2029 (USD Billion)
6.4 Cell Phone Battery Market
6.4.1 Global Cell Phone Battery Market, 2019-2029 (USD Billion)
6.5 Food Bank Market
6.5.1 Global Cell Phone Power Bank Market, 2019-2029 (USD Billion)
6.6 Portable Speakers Market
6.6.1 Global Cell Phone Portable Speakers Market 2019-2029 (Billion US $)
6.7 Market for other mobile phone accessories
6.7.1 Global Other Mobile Phone Accessories Market 2019-2029 (USD Billion) 6.7.
Chapter 7 Global Mobile Phone Accessories Market Size, by Sales Channel
7.1 Overview
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, Multi-Brand Store, 2019-2029 (USD Billion)
7.3 Single Brand Stores Market
7.3.1 Global Single Brand Store Mobile Phone Accessories Market Revenue, 2019-2029 (Billion US $)
7.4 Online store market
7.4.1 Global Online Store Mobile Phone Accessories Market Revenue, 2019-2029 (Billion US $)
Chapter 8 Global Mobile Phone Accessories Market, By Price Range
8.1 Overview
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 Mid-Range Mobile Phone Accessories Market Revenue, 2019-2029 (Billion US $)
8.4 Low-end market
8.4.1 Global Low-End Mobile Phone Accessories Market Revenue, 2019-2029 (Billion US $)
Chapter 9 Global Mobile Phone Accessories Market, By Geography
Chapter 10 Company Profile
10.1 BYD electronics
10.2 Energizer Holding Inc
10.3 Sony
10.4 ZAGG Inc
10.5 LG Chem Power Inc
10.6 HTC Inc
10.7 Samsung
10.8 Panasonic
10.9 Nokia
10.10 Apple
10.11 Otter
10.12 Griffin
10.13 Pelican Products
10.14 BodyGuardz Products
10.15 Bose products
10.16 Plantronics
10.17 JVCKENWOOD
10.18 Electronic Beats
10.19 Strontium technology
10.20 SanDisk
10.21 Transcending information
10.22 iLUV Creative Technology
10.23 Logitech
10.24 Philips
10.25 Jabra
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