the global mobile phone accessories market accounted for USD 62,713.4 million in 2016 and is expected to reach a remarkable market value of USD 101,063.6 million by the end of 2023, growing at a CAGR of 7.3% between 2017 and 2023.

Changing lifestyle of people due to increase in income level, especially in developing countries, influences the global demand for mobile phone accessories. Additionally, increasing urban population across the globe combined with rapid migration from rural to urban areas, especially in countries such as China and Indonesia, is expected to drive the market growth during of the forecast period. Moreover, advancements in technology with new products and new features introduced to the customers owing to their changing preferences are expected to supplement the growth of the mobile phone accessories market over the forecast period.

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By distribution channel

In terms of market segmentation, the global mobile phone accessories market is divided into single-brand store, multi-brand store and online store distribution, of which the multi-brand store segment has dominated the overall mobile phone accessories market by holding a share market size of USD 26,703.0 million in 2016 and is expected to maintain its dominant position during the forecast period. Along with this, the mono-brand store is expected to grow at a CAGR of 5.5% over the period 2017-2023, while the online segment is expected to grow at a moderate pace over the forecast period.

By price range

The global mobile phone accessories market is segmented by price range, from which the price range segment is divided into premium, mid and low range. The mid-range segment is going to grow with the highest CAGR during the forecast period, while the low-cost segment is expected to reach an additional opportunity of $1,834.2 million in 2023 compared to 2022.

The report also includes some important market analysis parameters such as industry growth drivers, restraints, demand and supply risk, market attractiveness, year-on-year growth comparisons the other (YOY), market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model. .

This report also studies the existing competitive scenario of some of the major players in the global mobile phone accessories market which includes profiling of Samsung, LG, Apple Inc., Morphie, OtterBox, Incipio, Maxboost, Vena, Blackberry, Motorola, Belkin , Griffin, Beats, Sony, Phillips, Sennheiser, Panasonic and others.

Profiling contains key business information, which includes an overview of businesses, products and services, key financial data, and recent news and developments. In conclusion, the report entitled “Global Mobile Phone Accessories Market Outlook 2023”, analyzes the entire Mobile Phone Accessories industry to help new entrants understand the market details. In addition to this, this report also guides existing players looking for expansion and major investors looking for investments in the global Mobile Phone Accessories market in the near future.

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