Mobile Accessories Market 2018 Global Leaders Analysis: Griffin Technology, Bose Corporation, Samsung Electronics, Sony Corporation, Panasonic, JVC Kenwood, Plantronics

Market Research Future published a research report on “Mobile Accessories Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Insights:

The large-scale penetration of mobile phones has boosted the sales of mobile accessories in the recent times. The increased product offerings in the mobile accessories market are set to accelerate demand generation over the next few years. Market Research Future (MRFR) has revealed in its latest report that the global mobile accessories market is set to proliferate at 6% CAGR during the forecast period 2016 to 2022. The report also prognosticates that the market valuation will reach USD 104 Bn by the end of 2022.

Product innovation has been the key driver of demand in recent times and is likely to continue generating demand across the assessment period. The expansion of product line for enhancing the user experience with earphones, turbochargers, power banks, etc. will accelerate the market growth over the next few years. Furthermore, the products being made available in the Mobile Accessories Market for safeguarding the expensive smartphones will encourage the market expansion.

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The dependence on mobile phones coupled with the adoption of digitalization will favor the market growth and expansion. Furthermore, the growth in e-commerce and e-banking industries are also expected to boost the growth of the mobile accessories market. The efficiency and convenience offered by the wireless mobile accessories such as Bluetooth headsets, and, wireless charger among others will catalyze the revenue generation of the market.

The factors responsible for hampering the global accessories market growth and expansion are user preference over mobile accessories and security issues in online shopping.

Segments:

Global Mobile Accessories Market has been segmented on the Basis of Products, Distribution Channel and Price Range. The Product includes Headphone/earphone, Protective Cases, Power Bank, Portable Speakers among others. Distribution Channel are Online, Offline among Others. Price Range include Premium, Medium, and Low.

Key Players

The prominent players in the market of Mobile Accessories are- Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), Apple Inc. (U.S.), JVC Kenwood Corp. (Japan), Plantronics, Inc. (U.S.), Bose Corporation (U.S.), Griffin Technology (U.S.), Otter Products, LLC (U.S.), Sennheiser Electronics GmbH & Co. KG (Germany) among others.

Regional Analysis

Asia-Pacific is dominating the market of Mobile Accessories Market due to the high number of smartphone and other handheld devices in regions such as China and India. Growing mobile phone users and internet based activities such as online shopping in this region are also contributing in the growth of Mobile Accessories market. North America is the second largest Mobile Accessories Market due to the high adoption of smartphone users and internet based services in this region. Europe is expected to register healthy growth in the Mobile Accessories Market due to increasing demand of mobile phones and mobile accessories.

Industry News:

In February 2018, Bose, a pioneer in mobile accessories, has launched Soundsport Free earbuds in India.

In March 2018, Pica-Gear, a Honk Kong based photography service enterprise, has launched Snap-Grip, which is a modular handle for phones.
In July 2018, Samsung, a global leader in mobile phones and accessories, has launched its online store.

In July 2018, Samsung, headquartered in South Korea, has officially expanded its mobile accessories business to Dhaka.

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Intended Audience

• Accessories Manufacturers
• Smartphone Accessories Suppliers
• Phone case and display protector manufacturers
• E-commerce and Retail
• Portable battery manufacturers

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This release was published on openPR.