BANGALORE from India, October 8, 2020 / PRNewswire / – According to the latest market research report “Cell Phone Accessories Market by product) battery, battery cases, chargers, earphones, memory card, portable speaker, power bank and protective case), by distribution mode (online, offline) and region – Global Forecast to 2025 ”, published on Evaluate reports.
The size of the global mobile phone accessories market is expected to grow by $ 25,285.88 million in 2019 at $ 37,071.56 million by 2025 to a CAGR of 6.58%.
The main factors driving the growth in the size of the mobile phone accessories market are the increase in the use of smartphones and seamless connectivity to the digital world.
The Mobile Phone Accessories Market report comprises an analytical description of the market size along with current trends and future estimates to describe impending pockets of investment.
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TRENDS AFFECTING THE SIZE OF THE MOBILE PHONE ACCESSORIES MARKET
The increase in demand for wireless accessories is supporting the growing size of the mobile phone accessories market. This increase in demand is attributed to changing preferences of users for listening to music on mobile devices, such as smartphones and tablets.
The increase in disposable income and the popularity of social networking sites in urban areas are also contributing to the growth in the size of the cell phone accessories market.
Rapid technological developments, including the launch of noise canceling technology, Bluetooth / NFC speakers, and the fan and light built into selfie sticks, are expected to fuel the size of the cell phone accessories market over the course of the year. of the forecast period.
MOBILE PHONE ACCESSORIES MARKET SHARE ANALYSIS
On the basis of the product, the power bank is expected to experience the highest growth during the forecast period. The demand for power banks is expected to increase as modern mobile batteries are unable to withstand heavy use.
On the basis of distribution mode, the online segment is expected to experience the highest growth during 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 experience the highest growth during the forecast period. This domination is Asia Pacific is due to the increased adoption of smartphones in the region.
- Asia Pacific,
- Middle East & Africa.
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SEGMENTATION OF THE MOBILE PHONE ACCESSORIES MARKET
By delivery method
BEST COMPANIES IN THE MOBILE PHONE ACCESSORIES MARKET
With regular product releases 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 mobile phone accessories and the high profit margins of the products have led many existing players to launch their own accessories for the mobile phone industry. The major players are spending a lot of money on the development of innovative accessories to gain market share of mobile phone accessories.
- Panasonic Corporation,
- Sennheiser Electronic GmbH & Co. KG,
- Sony Corporation,
- 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 for the global Mobile Phone Accessories market?
- What are the inhibitory factors and impact of COVID-19 shaping 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 technological trends and regulatory frameworks in the global Mobile Phone Accessories market?
- What are the strategic fads and moves considered appropriate to enter the global mobile phone accessories market?
- U.S. Cell 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, with a CAGR of 13.6% from 2019 to 2026.
Due to the increase in purchasing power and improvement in the lifestyle of the masses, the size of the US mobile phone accessories market is expected to experience substantial growth from 2018 to 2025. During the forecast period , the Bluetooth speaker segment is expected to register the highest CAGR.
- Cell Phone Chargers Market
The global mobile phone chargers market size is expected to reach $ 768.2 million by 2026, from $ 6,361.8 million in 2020, at a CAGR of 3.2% in 2021-2026.
- Protective Cell Phone Cases Market
- Cell Phone Batteries Market
See the full report: https://reports.valuates.com/market-reports/QYRE-Othe-1U364/mobile-phone-battery
- Memory card for the mobile phone market
- Cell Phone Wireless Chargers Market
See the full report: https://reports.valuates.com/market-reports/QYRE-Othe-4I318/power-banks
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