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Mobile Phone Accessories Market Witnessing Over 6% CAGR

12-04-2018 01:28 PM CET | IT, New Media & Software

Press release from: Research Cosmos

Research Cosmos

Research Cosmos

Mobile accessories comprising of back covers, headphones, portable speakers, batteries and others are having great demand around the world with the continuous launch of smartphones by various companies. These accessories improve the look and feel of the mobile phones, along with enhancing its performance. Huge catalogue of products is made available to the consumers through retail and online stores, supporting the market growth. Smartphone users across the globe are looking for attractive products as they feel them to be a symbol of their lifestyle.

Mobile Phone Accessories Market Size and Growth Rate:
According to Research Cosmos recent market research report on Global Mobile Phone Accessories Market, the size of the market is expected to grow at a CAGR of approximately 6% over the forecast period to reach USD 104 billion by 2022.

Browse TOC and other details of 104 pages Global Mobile Phone Accessories Market Research Report @ https://www.researchcosmos.com/reports/global-mobile-phone-accessories-market-research-report-2018/98032755

Growth Drivers of Mobile Phone Accessories Market:
There are multiple factors supporting the growth of this market. Some of the prominent among them are the increasing penetration of smartphones in the developing and populous nations like India and China, introduction of 4G and 5G technologies, different products according to the taste of different demographics, increase in the disposable income of the people, and rise in the mobile gaming. The demand for mobile banking and the availability of various applications increases the need for smartphones, supporting the mobile accessories market. Growing need for products like power banks, cases and covers, and headphones during travelling is also complementing the market demand. On the contrary, issues related to overheating, health concerns associated with radiation, and other government policies can hamper the burgeoning market boom.

Geographical Insights of Mobile Phone Accessories Market:
The Asia Pacific dominates the global market, attributing to the high penetration of smartphones in the countries like India and China. The increasing use of internet, demand for portable appliances and the rise in per capita income are other factors supporting the market growth in the Asia Pacific. North America and Europe follow Asia Pacific in terms of revenue and expected to be lucrative regions in the forecast period. The aspects that can support the market growth in those regions is the advances in the technology, adoption of IoT devices, and use of mobile phones for several activities.

Ask for the Sample Brochure of the report @ https://www.researchcosmos.com/request/mobile-phone-accessories-market-analysis-by-product-distr/98032755

Prominent companies in global mobile phone accessories market are:
• Sony Corporation
• Samsung Electronics Co. Ltd.
• Panasonic Corporation
• Energizer Holdings, Inc.
• Apple Inc.
• 15+ More

Inquire more about the report @ https://www.researchcosmos.com/inquire/mobile-phone-accessories-market-analysis-by-product-distr/98032755

About Research Cosmos:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Contact Us:
Kevin S
Global Sales Manager
Research Cosmos
sales@researchcosmos.com
www.researchcosmos.com
4390 U.S 1, Suite 211,
Princeton, NJ 08540.

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