Press release
Surge in demand of smartphones drive the growth of the global battery case market.
A battery case is a device that protects and charges batteries of mobile devices. It is majorly utilized due to increased smartphone usage, which results in rapid battery drainage.The global battery case market possesses high growth potential, owing to the fact that several companies have adopted various strategies, such as product launch and collaborations, to expand their business in the global market.
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The global battery cases market was valued at $4,125.5 million in 2017, and is projected to reach $8,980.2 million by 2025, registering a CAGR of 10.0% from 2018 to 2025. North America was the highest contributor to the global market, registering a CAGR of 8.2% during forecast period. The Asia-Pacific battery case market is estimated to reach $2,114.8 million by 2025.
Mobile phone battery case is a portable device, which is utilized for charging batteries and simultaneously for protection of mobiles. Battery case is incorporated with a lithium-ion battery, which has a carrying capacity from 2,500 mAh to 8,000 mAh.
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Increase in the sales of smartphones majorly fuels the demand for mobile accessories such as battery cases, thereby propelling the growth of the global battery case market. In addition, increase in purchasing power of customers and improvement in standard of living are the key factors that boost the sales of battery cases. Furthermore, the prime concern of low battery backup, due to rise in usage of power-consuming apps and large content files propels the adoption of battery cases, thereby boosting the market growth.
Higher internet dependency for business & personal needs, surge in smartphone usage, and rise in demand for wireless accessories are some of the major driving factors of this market. In spite of such advantages, compatibility issues of these cases hamper the market growth. However, increased need for convenience, in terms of mobility and ease of usage, is expected to create lucrative opportunities for the key players operating in the market.
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Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period, followed by Europe, Asia-Pacific, and LAMEA. However, Asia-Pacific is expected to grow at a higher growth rate in the near future.
The key players operating in the global battery case market include Apple, Inc., Samsung, ZAGG Inc., Otterbox, Incipio, EMTEC, ZeroLemon LLC, Alpatronix, Maxboost, and Anker Innovations Ltd.
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