Press release
At 3.1% CAGR, Mobile Phone Accessories Market Sales to Hit $284.05 Bn by 2026
Mobile Phone Accessories Market
Increase in use of smart mobile phones, surge in usage of smart wireless accessories, high-end technological advancements of OTGs & wireless attachment, development in gaming accessories are the major factors propelling the growth of the global mobile phone accessories market. On the other hand, increase in penetration of counterfeit products curtail down the growth to some extent. Nevertheless, technological advancements in imaging and photographic accessories are expected to pave the way for lucrative opportunities for the key players in the industry.
Allied Market Research published a report, titled, "Mobile Phone Accessories Market by Product Type (Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Protective Case, Power Bank, Battery Case, and Others), Distribution Channel (Online and Offline), and Price Range (Premium, Mid, and Low): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global mobile phone accessories industry garnered $224.68 billion in 2018, and is estimated to reach $284.05 billion by 2026, witnessing a CAGR of 3.1% during the forecast period, 2019–2026.
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Major Players: 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., and JVC Kenwood Corporation.
Key Benefits for Stakeholders:
• This study comprises analytical depiction of the global mobile phone accessories market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall mobile phone accessories market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current mobile phone accessories market forecast is quantitatively analysed from 2012 to 2025 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
• The report includes the market share of key vendors and market trends.
The headphone segment to lead the trail till 2026-
Based on product type, the headphone segment contributed to nearly one-fourth of the global mobile phone accessories market revenue in 2018 and is predicted to rule the roost by 2026. Rise in demand for wireless headphones and earphones has driven the growth. At the same time, the battery case segment would register the fastest CAGR of 7.2% during the forecast period. The advancement of wireless charging technologies in smartphones has led to the growth of the segment.
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The offline segment to dominate during the estimated period-
Based on distribution channel, the offline segment held the largest share in 2018, garnering nearly three-fourths of the global mobile phone accessories market. This is due to online sales channel is the easiest way to buy mobile phone accessories. The online segment, on the other hand, would cite the fastest CAGR of 5.4% throughout the estimated period. The fact that Samsung, Sony, LG Electronics, and Apple Inc. have setup a chain of specialty stores to provide mobile accessories such as chargers, headsets, and selfie sticks among others has fueled the growth.
Asia Pacific, followed by North America, to remain lucrative in terms of revenue-
Based on geography, the Asia Pacific region, followed by North America, accounted for nearly half of the global mobile phone accessories market share in 2018 and is expected to retain its dominance during the forecast period. Increase in use of power banks in the region has supplemented the growth. The same region is also projected to register the fastest CAGR of 4.4% by the end of 2026. The report also analyzes the regions including Europe and LAMEA.
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Key Market Segments:
By Product type
• Battery
• Headphone/Earphone
• Portable Speaker
• Charger
• Memory Card
• Power Bank
• Battery Case
• Protective Case
• Screen Guards
• Popsockets
• Others
By Distribution Channel
• Online
• Offline
By Price Range
• Premium
• Mid
• Low
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Read More at https://www.alliedmarketresearch.com/mobile-accessories-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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